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
Im James Fletcher so lets get things started the in the Weather Center. Weve got john looking at at the numbers. Yeah guys that 78, i know its hot, but hey its still better than triple digits, at least id recommend heading out there to the coast, but dont expect it to be chilly by any means its going to be warm across the bay and then the excessive heat for inland areas looking at the Golden Gate Bridge. It is Crystal Clear this morning very thin marine layer, its still have that cooling impact just right along the coastline, keeping temperatures there in the 70s and 80s elsewhere, its 90s in triple digits. Enjoy this morning because it is a comfortable start to the day but already warmer than it was yesterday. It just look at pittsburgh at 70 right now conquered at 64. These temperatures are going to rise pretty quickly once the sun begins to come up. Thats going to set us up for that dangerously hot at times he that we do have later on today, heat advisories, take effect in peach for
Is it safe. You always have to think about that. Reporter she lives in fremont and decided to bring her family to the Arts Festival but not without having a conversation with her husband about whether it was safe. It was definitely something we talked about in were concerned about, but we have seen the cops and seen at them circle sort feel safe. Took police say safety and security is the top priority at this weekends festival. Our goal is to make sure the community is able to come to this event and know that we are trying everything we possibly can to do to keep them safe. Reporter that includes the watchtower in the center which is always staffed with at least two officers. There are also dozens of security cameras scattered throughout the area and 12 massive portable roadblocks around the perimeter. They are shooting. Reporter the deadly shooting less than a week ago at the garlic festival is still fresh in everyones minds, especially since the fremont festival of the arts is a simi
First here is what is brand new at this hour. Wooing the heartland. Democratic 2020 candidates in iowa today, making their pitch to americans including farmers who have been hit very hard by the trade war. Were live in des moines taking the pulse of voters. White house hopeful, new york city mayor, bill de blasio calling for corporations to pay their fair share. Where have i heard that before . Vowing to tax the hell out of the wealthy, what he said during a heated interview with fox newss sean hannity. The highlights you have to see. Outrage on the left, outrage a growing boycott for a fundraiser for President Trump. Outrage on both sides of the oil. Ashley fox Business Team coverage and Edward Lawrence from the white house, phil flynn from the cme and Jackie Deangelis from the New York Stock Exchange. Well begin with the latest from the white house and edward. Reporter china actually rebounded in exports, 3. 3 , growing from june to july. That was good news for the market. The defici
Killing at least 20. The situation, needless to say, is a horrific one. Shoppers running for their lives. Ak. Somebody got shot. Diving for cover as shots ring out. Survivors traumatized, now sharing those terrifying moments. Hes going for blood. Hes going for death. Were learning about the victims this morning with several still fighting for their lives. This is not a sprint. This is going to be a marathon. New details about the alleged shooter described as a man on a mission. Sources identifying the suspect as investigators look into a potential motive. It has the nexus at this point in time to a hate crime. And this morning, el paso strong. Our community will not be defined by this senseless, evil act of violence. The community banding together. We are a special community. Lining up to help and remembering the victims overnight with a prayer vigil. We have Live Team Coverage from el paso with all the latest. And good morning, everybody. Once again in america we are waking up to horr