Territory in a single trading session. For some, it was even worse than that check out shares of apple down it lost 180 billion in market cap. That is the largest oneday lost for a u. S. Listed company on record if that isnt enough to get your attention. Apple lost more in market cap yesterday than the individual market capitalizations of 470 of the companies in the s p 500 it wasnt just apple microsoft, alphabet, microsoft and even tesla saw their market caps shrink. Microsoft down by 115 billion amazon off by 93 billion. This morning, things look a little better. You still have the dow down 150 points right now, it is reverse that up 300 points the nasdaq saw the biggest declines, up 27 points right now. We have to keep that in context a few things in here as well talking to people all day yesterday, here is the list. Youll want to know exactly what happened it was the nasdaqs largest drop you dont go up 400 and down that will be highspeed trading. That would matter until they do. Va
The staggering run into this report lets go straight to phil lebeau with all the details. A beat on the top and bottom line and the beat on the bottom line is significant. Lets run through some of the numbers. Much better than expected earnings per share and its a fourth straight profitable quarter for tesla. 2. 18 is how much it earned in the Second Quarter the street was expecting three cents profit revenue just over 6 billion as i mentioned, a fourth straight profitable quarter for tesla. We know the significance of that it is the last hurdle the company needed to clear in order to be included in the s p 500. Lets drill down some numbers within the report that are going to get attention operating cash flow, 418 million. Automotive revenue was actually down it declined by 3. 4 in the quarter, not a surprise given the fact that you had the freemont factory shut down for five or six weeks. But the automotive regulatory credits revenue, thats where they made it up. That was up 317 milli
Today. Since we finished our legislation yesterday, getting ready for the next round of legislation to come to the floor. But it changed the nature of today. Here we are, tomorrows a national holiday. Getting ready for the fourth of july. I wear this flag pin quite frequently. I have a couple different flag pins, but this one particularly fraught with meaning. It says on it, one country, one destiny. The american flag. One country, one destiny. These were the words that were woven into abraham lincolns coat. It was an imperative then, one country, one destiny. It is an imperative now. Especially now, when we have such challenges to the wellbeing of our country. We have a pandemic that is wreaking havoc in households and across the country. Hurting our economy. In that regard, we must put aside bias and embrace science. Science, science, science. Testing, testing, testing. An answer that helps us address the virus, the pandemic, and enables us to open up our economy in a way that is saf
[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2020] well go live now to capitol hill where nancy pelosi is starting her Weekly Briefing with reporters. Ms. Pelosi thank you for accommodating the time change today. Since we finished our gislation yesterday, getting ready for the next round of legislation to come to the floor. But it changed the nature of today. Here we are, tomorrows a national holiday. Getting ready for the fourth of july. I wear this flag pin quite frequently. I have a couple different flag pins but this one particularly fraught with meaning. It says on it, one country, one destiny. The american flag. One country, one destiny. These were the words that were woven into abraham lincolns coat. It was an imperative then, one country, one destiny. It is an imperative now. Especially now when we have such challenges to the wellbeing
Sector, that is a slowdown. One hour from now, well know. Watch that market. Right about the same time, the president will begin his trip to florida, where he will make a speech, i think the title ought to be protecting health care from socialist disruption. Its probably not called that but im making free rein here. Usually when the president leaves the white house, he speaks to reporters. He may address the economy. Whatever he says, youll hear it and it will probably move the markets. Theres news on the president ial campaign. Bernie sanders is recovering from heart surgery and has canceled Campaign Events until further notice. Obviously, there are questions about a 78yearold facing another year of grueling campaigning. Joe biden is taking a hit in the latest polls from his son Hunter Bidens business dealings in ukraine and china. Heres my opinion. Its now Elizabeth Warrens nomination to lose. Heres another opinion. That should worry wall street and it should really worry moderate de