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
As we can see the renewed theme of rotation, rotation out of technology and into financials and industrials, for example, evidence in the dow. S p 500 in the middle, up. 5 , so benefiting by the surge we have seen in stocks related to the tax cuts passed over the weekend. Another way to look at the weakness we have seen with technology in this chart, looking at the percentage of members of Different Industries with 14 day relative strength index above 70. In other words, are we seeing them overbought at these levels . Look at the s p 500 in blue, the percentage going up even as techs have been going down. Indicator forum this group relative to the broader market, that it has been weakening versus the broader market. On the subject of rotation, if you look at some of the weakest names today, they are in the top 10 performers in the s p 500 this year. Align technology, maker of the invisible line braces alternative, we have ma icron, and we also have lam, Semiconductor Makers that have d
Hey, everyone, good morning. Im reena ninan. Im richard bacon. We begin this half hour with another day of angry protests on the streets of zmeek demonstrators marched toward Police Headquarters calling for the resignation of mayor rahm emanuel over a growing Police Scandal and allegations of a coverup. But the mayor give is refusing to step down. Heres abcs Kenneth Moton. Reporter another evening of protests in the streets of chicago. The cities embattled mayor rahm emanuel in apology mode as he grapples with a growing Police Scandal and allegations of a coverup reaching to city hall. I take responsibility for what happened because it happened on my watch. And im sorry. Reporter the mayor is at the center of the firestorm following the recent release of dashcam video showing 17yearold Laquan Mcdonald walking away from Jason Van Dyke who opened fire hitting the be critics have repeatedly accused the mayor of keeping the video under wraps till he secured his second term. What did you kn
Holy cow. What you need to know before you put one u under youtree. And good morning, amera. Boy, that was a scary mont, a ma in suburban seattle. You see the hovboard go up in flames right there. Not the first time this hasas happened. Meanwhile, these are selling on ebay every 12 seconds one hoverboard sells. A big alert coming up. Well have that ead. We begin with donald trump. Many continuing to lash out against him. An avalanche of criticism from hiss own party. Want to take a look at some of the Republican Leaders who have denounced the pl. The gop frontrunner sitng down with Barbara Walters for an exclusive on camera interview and abcs tom llamas starts us off, good morning, tom. Reporter robin, good morning to you. Donald trump says to make America Great again he has to make america safe again. Outrage to hisis plpl. Leaders here andnd abroad saying trump has gone too far. This morning, donald trump pushing forward witis call to ban muslims from coming to america. Are you a big
Paranoia and that other gop candidates are one and the same. Their language may be more veiled, less, you know, dramatic, but their ideas arent so different. Reporter trtrp, who loves to win, laufrt the title of times person of the year to german chancellor Angela Merkel. But time did release this hows my hair . No good. No good. Reporter behind the scenes footage from their previous trump cover shoot. This bird is seriously dangerous, but beautiful. Reporter trump sharing the camera with an ornery bald eagle. Who at one pointnt tries to bite the billionaires finger. And Angela Merkel was selected in part because of her decision to accept Syrian Refugees into germany. Trump tweeting i told you Time Magazine would never pick me as person of the year despite being the big favorite. They picked the person who is ruining germany. Tom llllas,bc newsws new york. Tom, thank you very much indeed. In britain the parliament has been theres been a vote in force a vote in parliament to ban donald