Correspondents. And why watches the world over have seen in the beaujolais day but u. S. Targets are tainting the taste of this years fresh french tipple. This is the day when your business im rob walks in berlin welcome along one of the biggest names in global still is facing the worst crisis in its history germanys to some crop has posted a loss of 3 100000000. 00 euros for the past Financial Year thats 5 times more than 12 months ago the companys c. E. O. Has called on shareholders to be patient as it tries to desperately its fortunes around. Peson crops flagship steel plant they are pioneering the use of hydrogen instead of coal in a Blast Furnace to make steel its a world 1st a significant step towards making production greener and boosting innovation. Change is high on the agenda just in crop for so long the symbol of german industrial muscle. The Company Reported a loss of 304000000 euros in the last Financial Year. C. E. O. Martina metz are shareholders to help patients with th
Road map begins with teslas truck rollout, unveiling first all electric pickup. The cybertruck and it is nothing like youve ever seen before. Wall street looking to snap a threeday losing streak. Stocks seem to be set for a positive open as chinese president xi jinping says beijing wants to work for a trade deal and a roller coaster week for retail today it is gap, nordstrom, williams and sonoma and foot locker were going to start with tesla, unveiling first ever pickup truck last night elon musk says it will have a starting price of just under 40k. Production set it begin in late 2021 musk touts the futuristic design, the armored glass. As you might know by now, a demonstration to show how bulletproof the glass was did not go according to plan try to break the glass, please yeah sure . Yeah. Well, maybe that was a little too hard man, this is getting talked about a lot this morning stocks down, bernstein says it looks weird. Like really weird. What do we think well, i mean, since they
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange busy market day. Were going to start with tesla obviously, elon musks reveal of the companys new cyber truck. Phil lebeau has more about the window shatter heard around the world, phil. And a lot of people are watching that, carl. Cant say the unveils from tesla are boring they showed the cyber truck last night, the design had people saying whoa, what is that. When you look at this truck, it starts at 39,900 when delivery starts in late 2021, early 2022 range of 250 and 500 miles right now, analysts are underwe underwell whunde underwhelmed the appearance was met with criticism. Colin rush says we anticipate the majority of consumers will not be inspired by a vehicle so different from current norms as for the armor glass windows and failure, heres what elon musk had to say. We threw wrenches, literally threw the kitchen sink at the glass and
He wants to work out a trade pact with the United States and has been trying to avoid a trade war but he also warned china is not afraid to retaliate when necessary. Eunice yoon joins us putting in his comments du jour. There is always something for those who think it is going to happen and then a qualifier. What do you think . That is right it is interesting that president xi jinping weighed in. This is the first time weve heard those remarks. Unfortunately, the content were not anything different from the standard government line about the trade discussions. He was speaking with a group of International Visitors including henry kissinger. His point was that china does want to have a phase one trade deal however there does need to be an understanding that u. S. And china are seen as equals and it has to be done with mutual respect. Thats what we had heard repeatedly what was also interesting was how he hinted at some of the tensions saying when it comes to the financial opening, china
World. Like news that could trigger the good news to green Image Solutions and reforestation. Community interactive content teaching the next generation doesnt wanna talk to touch it. Isnt the channels available to inspire people to take action and were determined to do something here for the next generation and the idea is for the environment series of global 3000 on t w and online. It was once the ultimate blue chip a titan of german industry but now still make it tense and probe c. E. O. Says things have to change as it posts yet deeper losses. A case of merging main your own new yorks markets potential take a visit at tiffany time to a leading Brokerage Firm of got investors excited from city to out wall street correspondents. And wind watches the world over have seen in beaujolais day but the u. S. Targets are tainting the taste of this years fresh french tipple. This is the debris of business im rob walks in but when welcome. One of the biggest names in global still is facing the