At the 10 year yield first. It continues to climb. 1. 87 . A lot of selling and bonds globally again today. We heard Bruce Bittles earlier saying 1. 90 , maybe 2 is where we are headed. We will speak with Marilyn Watson in a moment about global fixed income. The s p 500 continues to grind higher. All week it has been either flat or higher on the session. The best performer is freeport mike moran is freeport up nearly 5 . Wo bign has moved t figures this week as well. It is above 108. 04. Guy a lot going on in markets. Equities trading backup towards record high. Globally, shares doing well. I thing this is the third week of gains we are heading for. Trade fears may be easing a little bit. We also had the central bank story in there as well. The real story over the last three or four weeks has been this kind of real backup and yields. Bidst, massive bid, a fear attached to the global bond market. Since then, we started to go in the opposite direction. Marilyn watson, blackrock head of g
Chicago for what is moving this stock. Phil reporter melissa it is not just that the q2 loss was greater than expected, tesla losing 1. 12 per share. The estimate was for a loss of 1. 40 a share the estimates were all over the map, a wide range there. Revenue coming in at 6. 35 billion, a little shy of expectations it is the automotive Gross Margins that will get a lot of attention here they came in at 18. 9 . Remember, the concern was those margins were going to be squeezed as they were pushing out the model 3, was that push to make deliveries of more than 90,000 going to hurt margins coming in at 18. 9 when many people were looking for them to be at least 20 . By the way, thats down not only compared to the Second Quarter of last year but also compared to First Quarter of this year where both of the quarters, the automotive gross margin topped 20 . They do reiterate their guidance of delivering between 360,000 and 400,000 vehicles this year the shanghai plant is on schedule to open b
Again and bet, bath, and beyond with the street gone its thursday, july 11th and World Wide Exchange begins right now. Good morning awelcome to World Wide Exchange. And dow higher by 54 points and s p higher by almost six points and the nasdaq almost 20 weve been at this level for most of the morning. We have the dow, the s p 500 in the nasdaq and not necessarily closing there, the nasdaq dedid and trauszs for the First Time Ever so that was good, crossing 3,for the First Time Ever. Didnt actually close there. Its relatively quiet today although we did see some yesterday as oindicated a raich kit was coming maybe 50 basis points. But right now the yield on the 10year is sitting at 2. 0. And thats see what the action looks like its green, basically all the way around the world with in asia as you can see higher by a 1 2 a percent and the south korean cospy added on a whole percent and change were green across the board as well like yesterday the strongest action up 7 10 off a percent bu
Micron up significantly, but the stockslphia chip index up as a whole. General mills is the worst performer in the s p 500. Its pet food portion of its company, after acquiring blue buffalo, is doing really well. What we know General Mills four, all of its cereals and so on, they are not selling as well as analysts were hoping for. That is sending the stock lower. Bitcoin has a 12 increase date, bringing its week to increase to 42 . Many are wondering if this almost 1300 level will hold. Guy just a bit of breaking news thats worth referencing. Vw, theks unit out of ipo price guidance we now think is narrowing. This is what we are getting at share. Ent, 27 to 28 a we think we will get them around 2 00 p. M. Tomorrow cet. I will bring more details as we get it. The u. S. Treasury secretary Steven Mnuchin saying he is hopeful that the trade deal between the. U. S. And china will be reached President Trump between the. U. S. And china will be reached President Trump between the u. S. And c
As you mentioned, shares popped around 50 when compared to the socalled Reference Price of 26 a share. But no investigator actually made a quick oneday gain of 50 , as they might have in an initial public offering. In fact, the most any Public Market investor would have made buying and selling slacks shares yesterday is about a 9 return thats because the Reference Price is more of an arbitrary one set by the Financial Advisers in the nyse and a direct listing, so no shares were actually sold at that level. The shares opened at 378d 38. 5 rose as high as 42 and ended at 38. 62 to many, thats the beauty of the direct listing strategy versus the more traditional ipo. Theres no favoritism on the part of the underwriters and theres no money left on the table, because slack didnt raise capital in the first place. Overall, slacks debut was viewed largely as a success. And further evidence that the direct listing model works there were no crazy price swings Trading Volume was manageable, and t