The auto sector is in crisis a study by the Consultancy Group shows the pandemic has cost the industry billions of dollars worldwide the german order giants like fox fox timeline and b. M. W. Have seen revenues collapse 5 to 40 percent thats never happened before the Global Market was waiting before the coronavirus hit and the comic is here scrambling to catch up in the huge shift towards cleena and smart a take its all come up once bosses say they need more help but a virtual cost summit with german chancellor Angela Merkel has left the mentee handed 1. 00 of the topics was how to financially help supply is on the one hand the whole industry is suffering from low demand on the other hand the conversion to alternative fuels is a top priority concrete measures a set to be decided at another meeting in november. Is head of Automotive Research at sanford c. Bernstein what happened to the cox chancellor merkels always being such a staunch supporter of the sector. Well i think most answers
Musk says its a good chance that the company will be able to manufacture 150 times the Battery Capacity makes right now, scaling up to a whopping three terabyte hours by 2030. Professor billy riggs is an electric car Industry Expert at the university of San Francisco. Are they are the Natural Resources outside immigrant today to meet what we are talking about. And i think that is not going to happen without the recycling of batteries and without thinking about how we sustainably extract some of these vicious metals from the ground. Just outside the event, Jeffrey Robertson with the Tesla Motors Club says elon musk is known to hype technologies well ahead of their time. It is skeptical, he has been known to be late in the past, but these are things that are leaning towards where they are going to be. Now to campaign 2020, and National Voter registration day. Events all across the bay area focusing on getting people to register to vote this november including mannys restaurant in San Fra
Laura as it intensifies into a category 2 hurricane 16 years in the making, palantir finally making a bid for the Public Market but not without a lot of investor scrutiny move over bill ackman, there is a new face you ever watching cnbc good morning. Im dominic chu in for Brian Sullivan today a bit of a miss so far you can see the s p higher by about four points. The dow jones lower by 37. The nasdaq outpacing after the s p 500 closed higher. Hitting the 17th record close of the year nasdaq trying for a fivesession winning streak as it pushes. Now seeing the 38th record close of this year the dow bucking the trend ending the day lower. The key to watch there, 28,000 mark early going, you can see the shanghai composite about flat on the day as well. Meanwhile, we are seeing outperformance in the german dax up about a half a percent. The ftse 100 underperforming as it has been all year currently down in this session we continue to monitor the developing story in the gulf of mexico hurric
49 cents today, 3346. You gotta see tesla, jeffries is alien that stock could go to 2500 a share, maybe 3000, its up 23 bucks premarket. As we keep saying, you are watching history. The open today, the dow is going to be down about 20 odd points, then we have the s p, its hit 17 new highs this year, itll be up again this morning, the nasdaq has hit 38 highs and up again first thing this morning. Blockbuster economic news, google good orders come up 11 . That is money, now politics. An audacious second night at the Republican Convention, the president parted a bank robber, then he surprised five immigrants making them instant citizens right there in the oval office. Mike pompeo appeared from jerusalem and niclas salmon said you cannot cancel me. But it was First Lady Melania Trump who stole the show at least for me. She walked down the white house and delivered a speech about growing up economy and is him and yearning to complement america. An immigrant who likes it here. I promise, you
And see where they stand creeping up. Over the seven handle at. 713. Well see what kind of core relation that may have with the equities market. Melissa, welcome to the club this morning it is great to be here and start the morning with you guys. I say that with a hint of sa sarkasm. Shes a regular you are ready to play. Always, you got to bring it each time. No i in team. Theres only a me upgrading laura overnight and learned it is rapidly intensifying and bracing for great winds. A category 4 with winds of 130 miles an hour. More than half a Million People have been ordered to evacuate from these areas 84 of off shore gulf production has been shut in compared to 90 in katrina not only is this having an impact on Oil Productions and industries from this storm that could impact tonight salesforce shares soaring after the Company Reported earnings of 1. 44. More than doubling revenue is above estimates core sales of the cloud road by 13 . The company got a big boost on investments. Guid