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BLOOMBERG Bloomberg July 3, 2024 - Vimarsana News

BLOOMBERG Bloomberg July 3, 2024

Coming up, fresh inflation data shows sticky price pressures. Wall street address to higher for longer. We begin with the big issue. A cut delay from the fed. The fed focuses on pce. Pce. Pce data was not as bad as expected. I dont see why the fed would be rushing to cutting rates. A case for fed. Easing is pretty small the market needs to see a couple of good prints on the data. We need to see a swift and compelling and convincing several prints of weaker inflation data. Im convinced inflation is not returning to 2 in any kind of stable, reliable way. Inflation is going to prove more sticky. ...

BLOOMBERG Bloomberg July 3, 2024 - Vimarsana News

BLOOMBERG Bloomberg July 3, 2024

It was down even harder overnight. Its the year of efficiency coming to a close over at facebook. They have come to invest aggressively. A very big change over at meta. Lisa i had the great high for looting words from tesla, the reaction was the opposite. They didnt want to see this in terms of investors. They wanted to see dollars and cents. The year of efficiency was different from what people expected. Jonathan i think that profit more than doubled. The focus was firmly elsewhere. Annmarie what with the stock trading at if they hadnt talked about reality labs and were softer when it comes t...

BLOOMBERG Bloomberg July 3, 2024 - Vimarsana News

BLOOMBERG Bloomberg July 3, 2024

Listing day. 14 billion goes to micron from the chips act to boost americas memory chip prowess. There is only one story that matters right now and it is meta. You see the share reaction to mosque zuckerberg outlining billions of dollars to building out Ai Infrastructure. Expenses, arrange raised, capex raised. The focus of the call was on the product cycle. How many years will it take for this investment to would materialize in sales growth. Thats the question on the stock is on track for biggest drop since october of 2022. Remember how well its performing yeartodate. Look at the market cap, ...

BLOOMBERG Bloomberg July 3, 2024 - Vimarsana News

BLOOMBERG Bloomberg July 3, 2024

Elon musk said all the right things on the call yesterday. More unless expensive models. Lisa we heard we will not get any details about if he can produce 25,000 teslas on their current infrastructure, wait until august. What about robotaxis . Wait for august. Jonathan i dont think you can look at this move without looking at it relative to the year to date loss. We were down by 4 and that we are up by 10. Listen to this, 2. 5 years ago, tesla was worth the same as the next 12 Largest Companies and thats how things have gone wrong in the last couple of years. Annmarie and the big issue is dema...

BLOOMBERG Bloomberg July 3, 2024 - Vimarsana News

BLOOMBERG Bloomberg July 3, 2024

Yield stays flat. Midday movers on the equity side, boeing shares are lower even as they burn through less cash than predicted for the first quarter. The plane maker is slowing output to get a handle on manufacturing issues. More on that later in this hour. Tesla, really rebounding after elon musk vowed to launch less expensive vehicles as soon as this year, using concerns following a disappointing quarter with its biggest negative cash flow ever, tesla shares up 10 on the day. Abigail doolittle is here with more on those results and what to expect. Abigail tesla, rallying in a massive way. Up...