Maine to texas. It could cost the economy billions of dollars a day while the team may not feel the pinch right away if it extends always a good style supply chains and we to shortages and higher prices out of the presidential election. Food prices are likely to react first according to economists. Ryan pedersen is the balde chief executive of flex port. He is a sense of the impact of the strike on consumers. This will be a the strike on consumers. This will be a massive the strike on consumers. Ti 3 will be a massive disruption, thus far you haven t seen it will not act the consumer unless it lasts more than another week or two but then you will see big shortages and really high prices of all kinds of goods that will result from this. . , , ~ of goods that will result from this. . , a i. Of goods that will result from this. . , i. . , of goods that will result from this. . ,. , , of goods that will result from this. . ,,. , this. I ll ask you a bit about c stal this. I ll ask
Cars in the country. That has been enough to push up shares by 11 in early trade. The Electric Car Giant faces falling sales and increased local competition in china. So this could be a big move. Lets talk about that with michelle, who is standing by in new york. Give us a sense of how significant this could be, just some reports at this stage, but it is what elon musk wanted . ,. , , wanted . You are seeing the response from investors wanted . You are seeing the response from investors with wanted . You are seeing the response from investors with the wanted . You are seeing the response from investors with the share wanted . You are seeing the response from investors with the share price i from investors with the share price pppin9 from investors with the Share Price Popping at the open because of that sort of shot of good news. The reason for that is it comes off the back of a difficult couple of months for the car maker. The electric car Company Released some pretty disappointing qu
Of economic co operation. Mr musk said tesla is looking for more win win results. According to reports, he has won approval from the chinese authorities for the enabling of a self driving feature on tesla cars in the country. The news has sent shares up as high as 13 in early trading in new york. Lets get the details from michelle, who is standing by in new york. That is the issue, one of those Self Driving Features on the car with a sort of holding them back by not being able to deploy it. The news that elon musk once that they can roll that out in china. It is that elon musk once that they can roll that out in china. Roll that out in china. It is all to do with chinese roll that out in china. It is all to do with chinese data roll that out in china. It is all to do with chinese Data Security i do with chinese Data Security requirements. Overthe do with chinese Data Security requirements. Over the weekend, we saw the authority that kind of Grants Permissions when it comes to Data Secu
Overnight we had the big spike in treasuries. Certainly putting Dollar Strength into the story and putting pressure on a lot of asian currencies. The japanese yen is a true standout. We had seen the weak in helping some of japans exporters of late. Today though, that story is not translating. Youre seeing them move in the wall street session, weakness in the s p 500, closing down 1 . The nasdaq dropping, in turn, you see that reflected so far in the session. We also have to open for korean equities. We can see in the open here, a drop at the open. Its not just a story of you the u. S. Inflation print that came in hotter than expected. We also saw south koreas president suffered a big loss in the parliamentary vote and that is playing into the dynamic given the opposition gained slots. The president is looking to be in a weaker position for the last three years of his term. We just had some trade data. The first 10 days of april. We saw exports rising more than 20 22 percent, actually,
Japan will release closely
watched data on Friday that shows how much it spent intervening
in the foreign exchange market to prop up the yen in May, in
moves that kept the currency from testing new. -May 30, 2024 at 08:40 pm EDT
- MarketScreener