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Apr 3, 2024
04/24
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a lot of those chinese ev's are tesla's or bmw x three.seem to be a lot of overcapacity in the market. partly because the chinese market is growing rapidly. the companies are trying to ramp up production as quick as they can. partly because what little access capacity there is is being exported but it's not being exported cheaply. internal combustion effort -- engine cars, it's a different story. you are seeing a lot of overcapacity as older plants, as the carmaker shifts to ev's. you are seeing a lot of overcapacity in older plants. so there's massive overcapacity in those cars. they are being exported but a lot is going to russia. that's because all of the other foreign car companies have left russia since the invasion of ukraine. there is some overcapacity. some of it is being exported. it really isn't the massive wall -- war of ev's that so many people are concerned about. paul: some of the other areas of overcapacity or low tech sectors as well. to what degree are they linked to what's been going on in china's property market? paul: t
a lot of those chinese ev's are tesla's or bmw x three.seem to be a lot of overcapacity in the market. partly because the chinese market is growing rapidly. the companies are trying to ramp up production as quick as they can. partly because what little access capacity there is is being exported but it's not being exported cheaply. internal combustion effort -- engine cars, it's a different story. you are seeing a lot of overcapacity as older plants, as the carmaker shifts to ev's. you are...
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Apr 15, 2024
04/24
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rather than the influence that chinese ev has in our european market.ve to find a good balance. speaking of the auto sector, a german company havejoint ventures with chinese businesses, don't they? is that still going smoothly or are these trade tensions starting to affect partnerships? there are even more partnerships going on, companies continuing to invest because we're not only moving the market here in china for our sales and revenue, but also it became more important part of the innovation ecosystem. this is made possible if we go into partner with the chinese companies, to get knowledge from that. we talked about subsidy and tech experts — what about concerns of a technology transfer as well as intellectual property could be a serious concern for german businesses? they are of concern but less relevant as chinese companies in some areas are so advanced that it's also what we can learn from them. government networks, keep operation smooth rather then the ip challenges we're having. now we come to a stage where a lot of chinese companies can actual
rather than the influence that chinese ev has in our european market.ve to find a good balance. speaking of the auto sector, a german company havejoint ventures with chinese businesses, don't they? is that still going smoothly or are these trade tensions starting to affect partnerships? there are even more partnerships going on, companies continuing to invest because we're not only moving the market here in china for our sales and revenue, but also it became more important part of the...
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Apr 14, 2024
04/24
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rather than the influence that chinese ev has our european market.lance. speaking of the auto sector, a german company have joint ventures with chinese businesses, don't pay? how is that going? is that still going smoothly or are these trade tensions starting to affect partnerships?— tensions starting to affect artnershi s? ., partnerships? there are even more partnerships _ partnerships? there are even more partnerships going - partnerships? there are even more partnerships going on l partnerships? there are even l more partnerships going on for the company is continuing to invest because we're not only moving the market here in china for our sales and revenue but also it became more important we're part of the innovation ecosystem. this made possible if we go into partner with the chinese companies to get knowledge from that. we talked about subsidy _ knowledge from that. we talked about subsidy and _ knowledge from that. we talked about subsidy and tech - knowledge from that. we talked about subsidy and tech experts l about subsidy and tech expert
rather than the influence that chinese ev has our european market.lance. speaking of the auto sector, a german company have joint ventures with chinese businesses, don't pay? how is that going? is that still going smoothly or are these trade tensions starting to affect partnerships?— tensions starting to affect artnershi s? ., partnerships? there are even more partnerships _ partnerships? there are even more partnerships going - partnerships? there are even more partnerships going on l...
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Apr 15, 2024
04/24
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in your notes, you say chinese evs is a small percentage of adoption in europe now.t is the concern? they are entering the market at a lower cost or is that a long-term concern with the japanese and u.s. to enter the market, but take significant market share? >> i think it is quite clear that the chinese competition in the volume car segment will intensify. this is something where some european friends have the risk of losing market share and losing market share means lower economies of scale. this means higher costs and production and this will impact competition in the future. again, it is rather a question of how do you balance out the interests of some of the european car industry, especially those who are located in the volume segment. on the other hand, the consumers would benefit from lower prices and as we have seen in the last few quarters, yoeuropean carmaks react to the price competition. they have announced that increase or decrease for higher market share. >> quickly, we have to let you go. should european automakers be concerned about the price cars we
in your notes, you say chinese evs is a small percentage of adoption in europe now.t is the concern? they are entering the market at a lower cost or is that a long-term concern with the japanese and u.s. to enter the market, but take significant market share? >> i think it is quite clear that the chinese competition in the volume car segment will intensify. this is something where some european friends have the risk of losing market share and losing market share means lower economies of...
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Apr 25, 2024
04/24
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eight of the 10 biggest ev sellers here in china are chinese players. only tesla and volkswagen cracked into the top 10. so that begs the big question -- what happens to foreign legacy players? bmw, volkswagen, mercedes, toyota, chevrolet and the like have come in force to see how they can regain some of that gravitas that they had during the internal combustion engine era, if you want to call it that. ev's are definitely dominating the news flow and out on the street here in china in those five years since we were last here covering this auto show. that also talks about the domestic economy because it is sort of weak right now, and there's a price point that has been launched -- a price war that has been launched in china. that is also kind of a race to the bottom because if you look at the top 10 selling models, there are two of them which sell for below 11,000 u.s. dollars, so that begs the question about the third thing, the export situation. how can the legacy automakers in their home markets of germany, the united states potentially, and elsewhere
eight of the 10 biggest ev sellers here in china are chinese players. only tesla and volkswagen cracked into the top 10. so that begs the big question -- what happens to foreign legacy players? bmw, volkswagen, mercedes, toyota, chevrolet and the like have come in force to see how they can regain some of that gravitas that they had during the internal combustion engine era, if you want to call it that. ev's are definitely dominating the news flow and out on the street here in china in those...
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Apr 8, 2024
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should chinese evs be allowed to be sold in u.s. market. she said they're allowed to be sold in the u.s. market. yes, we have tariffs on them, but she said we're open to having chinese imports in the u.s. market. including evs. i think the problem that they have just the fact they're producing so much of the evs and the solar panels on a global stage it's much more supply than meets demand and that's the problem she has. jim, in that instance and other instances she was very open towards trade. she didn't criticize europe's and china's close trade ties. should tim cook of apple be reducing his manufacturing footprint in china she said, no, we're not here to discourage investment, the closer economic ties, we're here to encourage that in a fair way where it doesn't interfere with national security or it doesn't interfere with the unfair trade practices. >> she was pro-notion of still investing. but, look, if they want to do trade with us they want to start with blackwell, they want jensen, they want nvidia, did she say anything about we own
should chinese evs be allowed to be sold in u.s. market. she said they're allowed to be sold in the u.s. market. yes, we have tariffs on them, but she said we're open to having chinese imports in the u.s. market. including evs. i think the problem that they have just the fact they're producing so much of the evs and the solar panels on a global stage it's much more supply than meets demand and that's the problem she has. jim, in that instance and other instances she was very open towards trade....
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Apr 16, 2024
04/24
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the world's largest automobile maker by market value is facing stiff competition from chinese ev makerswill unveil its growth figures for the january to march quarter in the coming hours. retail sales and industrial production figures for march are also expected. there's been some optimism that the world's second largest economy is back on track. but there are still multiple headwinds — that's according to harry murphy cruise from moody's analytics. china is in this mismatch at the moment. parts doing well around the industrial side of the economy. manufacturers are gaining confidence, we are seeing a ramp—up in manufacturing output, and also firms starting to invest more, after a long period where they were hesitant to open their wallets. the other side is the areas not doing well, front and centre is the household sector — households are still very nervous at the moment. lots of that is coming from the state of the labour market, unemployment has risen over the last few months, youth unemployment particularly is a concern, and it's manifesting in households not spending as much as the
the world's largest automobile maker by market value is facing stiff competition from chinese ev makerswill unveil its growth figures for the january to march quarter in the coming hours. retail sales and industrial production figures for march are also expected. there's been some optimism that the world's second largest economy is back on track. but there are still multiple headwinds — that's according to harry murphy cruise from moody's analytics. china is in this mismatch at the moment....
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Apr 2, 2024
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ev sales growth this year. shares are down nearly 3.8%. it comes after the chip—maker disclosed a deepening operational or operating losses for its business. intel said the manufacturing unit had a $7 billion in operating losses for 2023. steeper losses than the 5.2 billion in operating losses the year before. it's a blow to the year before. it's a blow to the us chip—maker as it tries to regain a technology lead it lost in recent years to taiwan semiconductor manufacturing. staying with the tech sector. the start of the year has seen more lay—offs announced at a number of major tech companies including google, microsoft and snap but workers finding themselves unemployed could look to asia for new opportunities. that's because new research has found hiring is on the rise across the region due to a shortage of talent with australia, hong kong and singapore on the hunt for staff in the tech sector. we heard from karen ng. let's get more from karen ng who's with global hr platform deel, which is behind the researc
ev sales growth this year. shares are down nearly 3.8%. it comes after the chip—maker disclosed a deepening operational or operating losses for its business. intel said the manufacturing unit had a $7 billion in operating losses for 2023. steeper losses than the 5.2 billion in operating losses the year before. it's a blow to the year before. it's a blow to the us chip—maker as it tries to regain a technology lead it lost in recent years to taiwan semiconductor manufacturing. staying with...
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Apr 3, 2024
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chinese ev manufacturer byd has slashed the cost of almost every model since the start of the year, sparking war in china. tesla meanwhile reported it had handed overjust under 387,000 electric cars to customers in the first quarter of 2024 — the smallest quarterly figure in more than a year and less than market expectations. shares in tesla fell by almost 5% on that news. experts say tesla as well as other ev makers need to do more to revive customer interest. the industry has to make evs interesting to mainstream consumers, and that's been a challenge to them. i think also tesla is facing — facing issues in the fact that competitors are catching up, they're getting better. you know, i'm a tesla owner. i've had a tesla for 12 years. and, you know, for the first five or six years, there were really no legitimate competitors. but now there are. and i think, so, you know, the customers are looking — starting to look elsewhere. the leaders of the world's two biggest economiesjoe biden and xijinping spoke on the phone on tuesday in the first engagement between them since they met in san francisc
chinese ev manufacturer byd has slashed the cost of almost every model since the start of the year, sparking war in china. tesla meanwhile reported it had handed overjust under 387,000 electric cars to customers in the first quarter of 2024 — the smallest quarterly figure in more than a year and less than market expectations. shares in tesla fell by almost 5% on that news. experts say tesla as well as other ev makers need to do more to revive customer interest. the industry has to make evs...
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Apr 8, 2024
04/24
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chinese evs are making gains based on innovations and not sub subsidies.nything about this? it's a strong push back on the claims. >> if you hear what european officials are saying, they are in line with what u.s. officials are saying. the flip side here is that the chinese do not agree with the stance. they are not actually providing subsidies to support certain parts of the industry. you see the clash. the question is what does this mean for global trade or the economy? at this stage, we are seeing protectionism from the europeans and americans. we know as goldman sachs is pointing out in the note, this is not good for the economy. this could increase inflation in both parts with the eu and u.s. a lot of tension here when it comes to the economic impact. >> we certainly look forward to the outcome of the chats. you will follow the story for us. thank you, silvia. >>> boeing shares are in the spotlight after the federal aviation administration launched a probe into the southwest airlines flight which had to make an emergency landing after an engine cowlin
chinese evs are making gains based on innovations and not sub subsidies.nything about this? it's a strong push back on the claims. >> if you hear what european officials are saying, they are in line with what u.s. officials are saying. the flip side here is that the chinese do not agree with the stance. they are not actually providing subsidies to support certain parts of the industry. you see the clash. the question is what does this mean for global trade or the economy? at this stage,...
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Apr 9, 2024
04/24
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there is no rule against china selling evs in the united states. >> again, chinese ev makers tradingng. >>> let's get to the corporate stories with silvana henao. silvana, good morning. >> good morning. the biden administration is reportedly set to hand out its latest round of funds from the chips act. according to reuters, the white house will announce $6 billion going to samsung next week. reuters adds the money will go to construction of four facilities in the united states and that samsung will more than double the investment in the country to over $44 billion as part of the deal. >>> general motors cruise unit is resuming the testing of the robotaxis. the self-driving car division will do so with safety drivers in phoenix. cruise has not set a timeline to begin testing after halting in october after the incident involving a pedestrian. >>> and elon musk says artificial intelligence that is smarter than the most brilliant human could come sooner than we think. in the iunder interview on x, h that could happen as early as next year. a.i. has been held back by the availability of e
there is no rule against china selling evs in the united states. >> again, chinese ev makers tradingng. >>> let's get to the corporate stories with silvana henao. silvana, good morning. >> good morning. the biden administration is reportedly set to hand out its latest round of funds from the chips act. according to reuters, the white house will announce $6 billion going to samsung next week. reuters adds the money will go to construction of four facilities in the united...
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and other chinese ev maker so they also reported there first three numbers but the three of them together delivered in the first three months of this year in china 30 percent from the year before. that is not to be demanding of the prior reporter gives of more than 50 percent in the bottom line is on the demand is growing. but is slowing and big time because competition is rising big time. stuart: i've got it, headed over to ups has announced partnership with apostle shift will see the qps will move most of the usps air cargo for this big win for ubs is yours a relatively flat, ups have these intense labor negotiations of the summer what happened was a diverted business, to rivals like fedex. as the wood for ubs pretty is a loss for fedex because the usps was his largest customer for their stressor, partners 22 years now another contractor after two decades expires at the end of the summer fedex is walking away because i need to save money they have to cut costs and there is word that, get a race $2 billion in annual business for fedex which is why this year is about 1 percent to an at&t
and other chinese ev maker so they also reported there first three numbers but the three of them together delivered in the first three months of this year in china 30 percent from the year before. that is not to be demanding of the prior reporter gives of more than 50 percent in the bottom line is on the demand is growing. but is slowing and big time because competition is rising big time. stuart: i've got it, headed over to ups has announced partnership with apostle shift will see the qps will...
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Apr 3, 2024
04/24
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ev sales growth this year.intellectual property agency has told the bbc that there is no appetite yet for a new global rules to govern artificial intelligence. he was talking as new figures show that al is behind a growing number of the international patents applications. however, the overall number of applications fell last year. 1.6% of the first fall in m years. a reporter asked while the intellectual property director—general if that means it will affect getting on the way of innovation? i it will affect getting on the way of innovation?- it will affect getting on the way of innovation? i think what we're seeing — way of innovation? i think what we're seeing is _ way of innovation? i think what we're seeing is for _ way of innovation? i think what we're seeing is for the - way of innovation? i think what we're seeing is for the last - we're seeing is for the last two years there has been a different situation macro economically, interest rates have gone up, money supply has grown up with the result result t
ev sales growth this year.intellectual property agency has told the bbc that there is no appetite yet for a new global rules to govern artificial intelligence. he was talking as new figures show that al is behind a growing number of the international patents applications. however, the overall number of applications fell last year. 1.6% of the first fall in m years. a reporter asked while the intellectual property director—general if that means it will affect getting on the way of innovation?...
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Apr 26, 2024
04/24
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meanwhile, chinese ev makers plan to the start building cheaper models.eah, and you can see it right there because the two chinese ev makers are both up better than 7.5% while he's a rah is down. i follow morgan stanley's adam jonas, he says the past 4-6 months have shown a deceleration in ev adoption mainly because of increased competition. and now you have xpeng if coming out with the cheaper suv than the tesla model y are, for instance. ditto for initiation o, and that is hurt -- n if io, and that is hurting tesla. even though we heard just a few days ago from elon musk that they plan to have the cheaper model coming out -- david david hoe knows he needs a cheaper -- he knows he needs a cheaper tesla. lauren: but he has to do it e really fast. david: and really well. quality and speed if don't always go together. let's check the 10-year. interest rates are down a tick, down about 4 basis points, 4.66. it's still pretty high. checking gold now, and gold was up earlier, it still is. it's up $11.80 an ounce. bitcoin, if we can look to bitcoin, we see some
meanwhile, chinese ev makers plan to the start building cheaper models.eah, and you can see it right there because the two chinese ev makers are both up better than 7.5% while he's a rah is down. i follow morgan stanley's adam jonas, he says the past 4-6 months have shown a deceleration in ev adoption mainly because of increased competition. and now you have xpeng if coming out with the cheaper suv than the tesla model y are, for instance. ditto for initiation o, and that is hurt -- n if io,...
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Apr 16, 2024
04/24
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the news comes as tesla is facing tougher competition, particularly from chinese ev makers as well assofter demand. the news also comes after tesla missed expectations in terms of sales for the first quarter. the first fall in sales since the height of the pandemic four years ago. and the tesla shares were down 5% yesterday off the back of the news. now on to smartphones. samsung has regained its spot as top phone maker after losing it to apple last year, according to data from research from idc. apple smartphone shipments dropped around 10% globally compared to last year. that's the biggest drop in iphone sales with all the supply chain problems in that period. apple now has a 17% market share against around 20% for samsung. and we know that they're facing tough competition from chinese, they're facing difficulties in the chinese markets as well. and the third on that list was a chinese maker with a 14% share. the smartphone shipments were up, that is a sign of potential recovery globally. >>> still to come. keanu reeves trades his hand guns in his latest role. right after this. s la
the news comes as tesla is facing tougher competition, particularly from chinese ev makers as well assofter demand. the news also comes after tesla missed expectations in terms of sales for the first quarter. the first fall in sales since the height of the pandemic four years ago. and the tesla shares were down 5% yesterday off the back of the news. now on to smartphones. samsung has regained its spot as top phone maker after losing it to apple last year, according to data from research from...
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Apr 15, 2024
04/24
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a combination of lots of competition from the likes of both american and chinese ev companies, sales figures for tesla were lower than expected, and the stock price has been taking a hit lately. all of those factors combining for tesla to sort of look inward, make some layoffs, in a moment memo released from elon musk says he's trying to get back to where it was and get back to the next phase. >> i know you got a chance to speak with the tesla investor. what is he telling you? >> reporter: he is telling me that he's upset as well, and not just with the stock price has rewarded investors over the long term very, very handsomely. he's got to order in for a new cyber truck, he has had it in for months and hasn't gotten it and hasn't heard from the company and says he's talked to other investors and tesla owners who are upset about that, they just want the company to move more quickly and they want elon musk to me be more focused on the car company instead of those that are making people upset. >> how many layoffs are react for tech pennies this year? what does the rest of the year look
a combination of lots of competition from the likes of both american and chinese ev companies, sales figures for tesla were lower than expected, and the stock price has been taking a hit lately. all of those factors combining for tesla to sort of look inward, make some layoffs, in a moment memo released from elon musk says he's trying to get back to where it was and get back to the next phase. >> i know you got a chance to speak with the tesla investor. what is he telling you? >>...
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Apr 29, 2024
04/24
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it will keep stoking up this price where we are seeing in the chinese ev market.expecting if it is getting more of a market share. do you think that will have a big impact on overall sales and revenue? >> yes, so one of the reasons we are thinking byd is launching these price cuts is to gain even more market share. they are already the industry leader in china for ev's and plug in hybrids, but now they are really trying to take on the gasoline cars as well, essentially trying to get into this price range that competes against the vehicles from toyota and volkswagen, so tesla is willing to sacrifice their margins to drive out these competitors and help me to really become the dominant player in this market. haidi: we have seen byd expanding the luxury line up. do we see that premium end particularly when it comes to export ambitions? >> byd has launched a new one million yuan vehicle. it has gotten some good reception. a lot of auto show attendees which looking at this vehicle, but at this stage it is unclear how much volume these cars will do. in the short term i
it will keep stoking up this price where we are seeing in the chinese ev market.expecting if it is getting more of a market share. do you think that will have a big impact on overall sales and revenue? >> yes, so one of the reasons we are thinking byd is launching these price cuts is to gain even more market share. they are already the industry leader in china for ev's and plug in hybrids, but now they are really trying to take on the gasoline cars as well, essentially trying to get into...
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Apr 20, 2024
04/24
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but the us in particular sees chinese evs as a threat to its own auto industry, and it's offering incentivesvehicles, also to carmakers to source batteries elsewhere. do you think that'll work, or is china simplyjust too big and too advanced in this field? the west face a fundamental contradiction which is getting ever, ever increasingly more difficult to resolve, which is do we want more sales of electric vehicles? because at the moment, china is the only country, its car companies are the only companies that can make cheap, mass market electric vehicles that could really spur mass market adoption in the west. but at the same time, geopolitically, the west has decided to, you know, de—risk from china, reduce its reliance on chinese supply chains, and sees chinese electric vehicles as challenging automotive industries in the west and, you know, threatening thejobs, the employment and the economic growth those industries provide. but the challenge is china's dominance in many areas of clean energy, especially electric vehicles, is so great that it's extremely hard for the us to cut that relia
but the us in particular sees chinese evs as a threat to its own auto industry, and it's offering incentivesvehicles, also to carmakers to source batteries elsewhere. do you think that'll work, or is china simplyjust too big and too advanced in this field? the west face a fundamental contradiction which is getting ever, ever increasingly more difficult to resolve, which is do we want more sales of electric vehicles? because at the moment, china is the only country, its car companies are the...
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Apr 28, 2024
04/24
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ev's have made such ground over the last four years or so. haidi: we hear of new technologies china is pushing for self-driving. is this a service that would be accepted by regulators there? >> that is an interesting question. assisted driving is accepted in this market. whether tesla's is going to be accepted is another question. he wants to see the revenue stream included in the world's biggest auto market. tesla charges a $99 subscription as an alternative option for buyers, so he wants to get that approval from beijing regulators , but there are all kinds of sensitivities around the cameras that are in the system, data security, the safety. the full self-driving system does not make these tesla's fully autonomous, they need driver assistance, but it is a step up on the other system tesla has, which is autopilot. u.s. regulators have launched an investigation into the safety citing 20 crashes involving that system since a software upgrade since december. these are odd because he concerns chinese regulators would have about the safety of an
ev's have made such ground over the last four years or so. haidi: we hear of new technologies china is pushing for self-driving. is this a service that would be accepted by regulators there? >> that is an interesting question. assisted driving is accepted in this market. whether tesla's is going to be accepted is another question. he wants to see the revenue stream included in the world's biggest auto market. tesla charges a $99 subscription as an alternative option for buyers, so he...
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Apr 23, 2024
04/24
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this year will be tough for the ev maker with the chinese companies entering the market.t will be tougher. they are continuing with the stretch there pushing into the evs. this is going to lower the ev cost by 40% by 2027 and try to make the evs more affordable. they are launching more cheaper models. it will cost 25,000 euro and try to make this more affordable. you remember at the end of last year, they canned the ipo of the ev unit. they have enough funds to do all of the changes in that part. they sold part of the stake of nissan to give them extra firepower with investment for renault. the numbers are better than expected. shares are bit in the green and in the red ahead of the tesla numbers that come out later today. the performance is up 40% in the last 12 months. >> charlotte, thank you. >>> turning attention to tesla. th hitting the lowest level since january of last year. this stock is down 40% for the year and tesla losing more than $300 billion of market cap since the end of 2023. this ahead of what the wall street expects to be a dismal first quarter. net inc
this year will be tough for the ev maker with the chinese companies entering the market.t will be tougher. they are continuing with the stretch there pushing into the evs. this is going to lower the ev cost by 40% by 2027 and try to make the evs more affordable. they are launching more cheaper models. it will cost 25,000 euro and try to make this more affordable. you remember at the end of last year, they canned the ipo of the ev unit. they have enough funds to do all of the changes in that...
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Apr 11, 2024
04/24
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ev's coming into the united states.robe on chinese electric vehicles? >> my colleague is leading that probe. it's a priority case obviously because europe is one of the big markets when it comes to ev's in the chinese market share in europe is increasing quite dramatically. this is absolutely top priority but they do not have to file a resource yet. katie: let's move from china to russia because certain eu nations continue to import quantities of russian l andng there was artificial restriction of supplies to inflate prices. can you share with the status of that investigation is? >> that has been quiet for quite some time. it's because of the war and things you had a full diversification in europe when it comes to gas imports in pipeline and lng. we buy so much more lng from american producers and we are very thankful for that supply coming into europe. that strengthens our independence and it cuts the dependency we used to have on russian supply. annmarie: you are talking about thanking the u.s. and sitting in washingt
ev's coming into the united states.robe on chinese electric vehicles? >> my colleague is leading that probe. it's a priority case obviously because europe is one of the big markets when it comes to ev's in the chinese market share in europe is increasing quite dramatically. this is absolutely top priority but they do not have to file a resource yet. katie: let's move from china to russia because certain eu nations continue to import quantities of russian l andng there was artificial...
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Apr 3, 2024
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ev manufacturers have been doing, although it has to be noted that byd, which stole the crowd of teslaas grasped it back because byd sales fell by 43% per quarter. it’s 43% per quarter. it's interesting - 43% per quarter. it's interesting to - 43% per quarter. it's interesting to see i 43% per quarter. it's - interesting to see what's happening when it comes to consumer demand for electric vehicles because across europe it depends where you are in the world because many in europe are waiting and the fundamentals put in place, the infrastructure in place where they are before they take that step and opt for a fully electric vehicle as opposed to combustion engine. absolutely and that is _ combustion engine. absolutely and that is one _ combustion engine. absolutely and that is one of _ combustion engine. absolutely and that is one of the - combustion engine. absolutely and that is one of the key - and that is one of the key points about manufacturers in the uk in particular but also elsewhere around the world, saying we need extra support to ensure that the infrastructure is there to gi
ev manufacturers have been doing, although it has to be noted that byd, which stole the crowd of teslaas grasped it back because byd sales fell by 43% per quarter. it’s 43% per quarter. it's interesting - 43% per quarter. it's interesting to - 43% per quarter. it's interesting to see i 43% per quarter. it's - interesting to see what's happening when it comes to consumer demand for electric vehicles because across europe it depends where you are in the world because many in europe are waiting...
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Apr 8, 2024
04/24
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we have not seen chinese evs in the u.s. should they be allowed to sell their evs in the united states? >> they are allowed to sell their evs in the united states. we don't have rules against it. again, in that area as well, we are trying to foster a domestic industry. we are certainly open to imports, including those from china which there is no rule against china selling evs in the united states. >> we have higher tariffs on them than in europe. >> we do have tariffs on them, i believe. you know, this is an important industry for us. >> you spoke about tiktok and some of the meetings. i'm curious what the chinese reaction is to the legislation that president biden did say he would sign if it passes congress. >> i think this is an important and profitable company. i think they're concerned by the prospect they would be forced out of the united states or what the legislation really requires is they would sell the company to a domestic purchaser. i think they certainly have concerns about that. >> do you think the chinese gov
we have not seen chinese evs in the u.s. should they be allowed to sell their evs in the united states? >> they are allowed to sell their evs in the united states. we don't have rules against it. again, in that area as well, we are trying to foster a domestic industry. we are certainly open to imports, including those from china which there is no rule against china selling evs in the united states. >> we have higher tariffs on them than in europe. >> we do have tariffs on...
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ev companies.hinese automakers have been far more successful at bringing a low cost model to market, undercutting haslam. and and the leader in electric car selling. and the accusations of the cyber truck, needs to go up. >> it needs to go up. appreciate it, some senators want to know why biden has freed up sanctions relief or iran. it could be used to fund terrorism. benjamin netanyahu has set a date for the invasion of rafah. he says it is essential to defeat hamas. kt mcfarland will deal with that. it's a crisis, next. (marci) so, how long have you lived here? (opponent) over forty years. (marci) and how are the restaurants around here? are they good, bad, meh? what's the average household income? is there a mall? i don't know. a hair salon? where do you get your hair done? (opponent) you gonna move, or what? (marci) oh, i'm sorry. it's a lovely neighborhood. (luke) marci, we've gotta go. (marci) i'm coming! (luke) we've got seventeen thousand more parks to visit. (marci) you wanna give me a han
ev companies.hinese automakers have been far more successful at bringing a low cost model to market, undercutting haslam. and and the leader in electric car selling. and the accusations of the cyber truck, needs to go up. >> it needs to go up. appreciate it, some senators want to know why biden has freed up sanctions relief or iran. it could be used to fund terrorism. benjamin netanyahu has set a date for the invasion of rafah. he says it is essential to defeat hamas. kt mcfarland will...
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Apr 8, 2024
04/24
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is going after and trying to block competition from chinese evs and chinese social media. they are doing it in the name of national security. she took a lot of questions from the chinese side on that front. that's what you get when you talk to people as well. it is political s. they are using the issues to demonize china. we hear it on both sides of the aisle. >> sara, i have so many questions about evs and imports and exports. we will talk about that in the next hour. >>> when we come back, snapchat is making changes to features after the backlash and some of it here on the broadcast from our own becky quick. details straight ahead. >>> a follow-up to a story we told you about last week, snapchat is adjusting a ranking feature for paid subscribers that shows just how close you are to your snapchat friends by displaying your position in what they call their solar system. this feature that basically says are you mercury? because you're the person who's chatting back and forth and messaging back and forth the most with this person, or are you uranus because you're the planet
is going after and trying to block competition from chinese evs and chinese social media. they are doing it in the name of national security. she took a lot of questions from the chinese side on that front. that's what you get when you talk to people as well. it is political s. they are using the issues to demonize china. we hear it on both sides of the aisle. >> sara, i have so many questions about evs and imports and exports. we will talk about that in the next hour. >>> when...
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. >> there's a deeper concern about the chinese evs as well.ous amount of information gathering equipment and i think there's concern here in america that information can be gathered and in turn sent back to china. i think that's one of our gravest concerns, the national security law in china which says information gathered anywhere in the world as long as it's in the possession of a chinese company is subject to ccp surveillance. maria: i didn't see any readouts in terms of surveillance coming up in this conversation with joe biden and xi jinping. fox news' peter doocy asked the white house national security communications advisor john kirby whether president biden is concerned about the open southern border, chinese nationals coming in and whether or not the wide open border and the fact we don't know who is coming in could ultimately lead to a terrorist attack inside of america. watch this. >> if we don't know who is coming into our country and we don't know what their intent is, that is a threat. does president biden agree? >> we do have si
. >> there's a deeper concern about the chinese evs as well.ous amount of information gathering equipment and i think there's concern here in america that information can be gathered and in turn sent back to china. i think that's one of our gravest concerns, the national security law in china which says information gathered anywhere in the world as long as it's in the possession of a chinese company is subject to ccp surveillance. maria: i didn't see any readouts in terms of surveillance...
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Apr 25, 2024
04/24
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so that is probably theme number one, how the chinese ev makers over the last five years have createdd not say a monopoly, but they dominate in the first quarter the top 10 brands of models that were sold in china. nine of them were domestically made chinese brands. only tesla cracked the top 10. also, again, these chinese makers are improving their quality and lowering their costs. so what do the legacy carmakers from europe, japan, and the u.s., who used to dominate here, how do they compete in this domestic space when the locals are engaged in a price war as well to bring the costs down? volkswagen for one, they are bringing their investor day here, they are bringing all of their top executives. they have 20% of the internal combustion market here in china but only about 2% of the ev market. have they lost this space because of the ev switch here in china? bmw and mini, they are bringing 15 models here testing the waters, as is mercedes. can they read grained -- can they regain ground when they had dominance here in the ev space ? that leads to theme number two and the price war. b
so that is probably theme number one, how the chinese ev makers over the last five years have createdd not say a monopoly, but they dominate in the first quarter the top 10 brands of models that were sold in china. nine of them were domestically made chinese brands. only tesla cracked the top 10. also, again, these chinese makers are improving their quality and lowering their costs. so what do the legacy carmakers from europe, japan, and the u.s., who used to dominate here, how do they compete...
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Apr 10, 2024
04/24
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. >>> chinese ev stocks outpace tesla.ment initiatives around government loan rules. >> bytedance profit growing. this is the first time they've outperformed tencent in revenue and profit. >>> shares of boeing are lower again as the faa investigates a new whistle blower claim. boeing says it's fully confident in the model and the accusations are inaccurate. ceo davidcalhoun has been asked to testify on capitol hill next week. >>> here's what to watch, the big market event of the week at 8:30 a.m. eastern time and we get monthly figures and budget statements. delta reports on its quarterly results. we hear from fed governor michelle bowman today. >>> the markets, they've been inching along this week as investors just wait for today's cpi data, worried that inflation remains stubborn. the fed rates may cut once or twice, maybe not at all this year. joining us know kevin simpson. good morning from london. what are your expectations for cpi? how do you think it impacts the market? >> well, i think it's what the market has been
. >>> chinese ev stocks outpace tesla.ment initiatives around government loan rules. >> bytedance profit growing. this is the first time they've outperformed tencent in revenue and profit. >>> shares of boeing are lower again as the faa investigates a new whistle blower claim. boeing says it's fully confident in the model and the accusations are inaccurate. ceo davidcalhoun has been asked to testify on capitol hill next week. >>> here's what to watch, the big...
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Apr 2, 2024
04/24
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the growing competition from chinese ev makers.n your mind, when it comes to the long-term story of tesla or the short-term story with the performance of q1, how big of a factor is that in the decline? >> it's a huge factor. china keeps coming out with the release this morning of another car which was a phonemaker in china and set records with recorders. that will keep happening in the united states. tesla is $170 stock against rivian. that is an $11 stock. what we have to look for in tesla is what would make that shine again given the stress of the ev space where hybrids have done better. i think tesla will not be so much with the supply demand and the numbers that come out today. deliveries are important, but it is one factor. really looking at what is the future and what is the strength of tesla. software and performance of cars and name recognition. >> you are looking at a number of fundamentals. last week, our guest said the storage is a bright spot which is justifying tesla. i want to get to the technical thesis. tesla is mov
the growing competition from chinese ev makers.n your mind, when it comes to the long-term story of tesla or the short-term story with the performance of q1, how big of a factor is that in the decline? >> it's a huge factor. china keeps coming out with the release this morning of another car which was a phonemaker in china and set records with recorders. that will keep happening in the united states. tesla is $170 stock against rivian. that is an $11 stock. what we have to look for in...
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Apr 2, 2024
04/24
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march shaping up on the other end of the spectrum as strong for chinese ev makers.art to the year because of seasonal holidays, but byd sales jumping 46%. others listed in the u.s. surged in deliveries between 14% and 39% in march. paul: we will have more commentary on this tesla story. dan ives called this a train wreck. standby for what should be an interesting conversation. haidi: should mention rivian numbers also beating expectations. 20 tony for output target capped at 57,000. good news across the space if you are not tesla. let's look at developments. toyota and hondo, big u.s. sales gains to start the year. general motors demand helping automakers defy expectations of a slowdown, underscoring the importance of affordability after pandemic driven shortages and high interest rates are driving up costs. disney management pulling ahead in a proxy fight with an activist investor nelson peltz. biggest investors vanguard and blackrock will vote for nominees at a board meeting. it is a major boost for bob iger looking to stave off trian. a worker committing to spend
march shaping up on the other end of the spectrum as strong for chinese ev makers.art to the year because of seasonal holidays, but byd sales jumping 46%. others listed in the u.s. surged in deliveries between 14% and 39% in march. paul: we will have more commentary on this tesla story. dan ives called this a train wreck. standby for what should be an interesting conversation. haidi: should mention rivian numbers also beating expectations. 20 tony for output target capped at 57,000. good news...
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i'm interested to note that the next ev forum or show, i guess you'd say, by chinese ev manufacturerss going to actually take place in california. i think this is what is going to really bring this whole issue of china oversupplying, manufacturing goods to the entire world to a head. what are the unions in america,s what's the uaw going to do if they really do produce evs in mexico and begin to flood our market as they have in europe? i think this is a very visible confrontation and the reason that janet yellen actually had to go to china. >> she did talk about evs. she did talk about green tech. but when she talks about that, she gives the chinese an opening. the problem here is that -- this is to a certain extent elon musk's fault. that what he did was he built his giga factory in shanghai the chinese took the technology and gave it to byd, the chinese car company that's done so well and this is again an issue of theft. what the uaw is going to do, the leadership of uaw has probably been captured by president biden. the problem at the though for president biden is that uaw workers a
i'm interested to note that the next ev forum or show, i guess you'd say, by chinese ev manufacturerss going to actually take place in california. i think this is what is going to really bring this whole issue of china oversupplying, manufacturing goods to the entire world to a head. what are the unions in america,s what's the uaw going to do if they really do produce evs in mexico and begin to flood our market as they have in europe? i think this is a very visible confrontation and the reason...
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Apr 15, 2024
04/24
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and it's a competitive market increasingly in europe where all those chinese evs are going. >> let'spening bell. at the big board is fidelity, celebrating is launch of three new etfs. at the nasdaq, it is yahoo finance. breadth filling in fairly nicely. levels, sara, 5,161. we're also watching for arrivals of former president trump outside the courthouse in manhattan. i'm not sure if we're going to take this live. we won't listen in, but the first criminal trial for the former president regarding the hush money and we'll talk about the implications of whether or not that constituted falsifying business records and election interference. djt was down a lot more premarket. >> it's a good segue into djt, which we've been following for some time. we were earlier in discussing a few prior to the de-spaccing, what it went on the economic front for the former president, who owns some, let's call it, 78 million shares right now, due to get another -- well, tmtg is due to get another 40 million this week or maybe it will be early next week. remember, the 20-day period after the de-spaccing th
and it's a competitive market increasingly in europe where all those chinese evs are going. >> let'spening bell. at the big board is fidelity, celebrating is launch of three new etfs. at the nasdaq, it is yahoo finance. breadth filling in fairly nicely. levels, sara, 5,161. we're also watching for arrivals of former president trump outside the courthouse in manhattan. i'm not sure if we're going to take this live. we won't listen in, but the first criminal trial for the former president...
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Apr 29, 2024
04/24
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the company passed a major milestone in china chinese regulators are removing restrictions on the evd driver assistance technology after passing the country's data security requirements as part of that deal, china's baidu will prevent mapping for tesla. those shares also higher on the news and we should note this news coming on the heels of elon musk's surprise trip to china where he met with the chinese premier in beiging on sunday for more on how significant this is to tesla and the stock going forward, i am joined by the lead equity analyst at rbc autos at rbc capital. i get conceptually why this is a big deal the part i don't get yet, maybe you can help me is how relevant is the existing u.s. data in training for chinese for self-driving or regionally is this completely straight training because i imagine, you get training in des moines is not going to go ahead in new york city and we drive different places in this world >> yes and no. so what we've learned from fsd in the u.s. is the highway driving is as good as it's going to get it's amazing the difficult part is the urban env
the company passed a major milestone in china chinese regulators are removing restrictions on the evd driver assistance technology after passing the country's data security requirements as part of that deal, china's baidu will prevent mapping for tesla. those shares also higher on the news and we should note this news coming on the heels of elon musk's surprise trip to china where he met with the chinese premier in beiging on sunday for more on how significant this is to tesla and the stock...
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Apr 2, 2024
04/24
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keep an eye on chinese ev stocks after nio announced a boost for deliveries in march. reported a rise in their march vehicle sales. asia tesla suppliers are going to be back in focus. analysts rapidly lowering their projections for deliveries from tesla. some expect to see the first decline since the early days of the pandemic. that is it from daybreak asia. markets coverage does continue as we look ahead to the start of trade in hong kong, shanghai and shenzhen. the china show up next. this is bloomberg. ♪ and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card. make more of what's yours. billy's not just running a small goat grazing business he's also the chief marketing officer. and when he needs to round up some new customers constant contact makes it easy. helping him craft the perfect message like a marketing genius so his email stands out. constant contact delivers all the tools you need to help your business grow. if billy can do it so can you. get started today at c
keep an eye on chinese ev stocks after nio announced a boost for deliveries in march. reported a rise in their march vehicle sales. asia tesla suppliers are going to be back in focus. analysts rapidly lowering their projections for deliveries from tesla. some expect to see the first decline since the early days of the pandemic. that is it from daybreak asia. markets coverage does continue as we look ahead to the start of trade in hong kong, shanghai and shenzhen. the china show up next. this is...
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Apr 16, 2024
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>> we vn seen chinese evs in the u.s.ey be allowed to sell their evs in the united states? >> we don't have rules against it. >> consumers are spending, the real impact on discretionary items. norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... that's like $20 a month per unlimited line... i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> we are back. our senior markets commentator, mike santoli, is at post 9 with us for his "midday word." you know, if we have this relentless backup in rates, you're going to be looking at a stock market that looks at best like it does of late. >> no, that's right. the treasury yields are kind of searching for the pain threshold. people can estimate what that is. in terms of restraining economic
>> we vn seen chinese evs in the u.s.ey be allowed to sell their evs in the united states? >> we don't have rules against it. >> consumers are spending, the real impact on discretionary items. norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... that's...
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lauren: warren buffett-backed, major chinese ev maker.vs and plug-ins, the number for them topped 626,000 in the first quarter. tesla's still number one in pure evs. stuart: okay, but tesla, to some degree, is trailing byd. lauren: oh, yeah. stuart: to some degree. lauren: they've got a bigger market share and is a cheaper car. stuart: i want to go to pvh, they are the owner of calvin klein, tommy hill hilfiger and more. lauren: wow. they're going to fall as much as a 7% this year. two big problems. wunsch europe. two, wholesale business in the u.s. shoppers have cut back with, wholesalers are not placing orders as bill big as years past. stuart: canoo reported yesterday, down 30 this morning. okay, what went wrong there? lauren: so this is commercial if vehicles like an e-van that walmart has ordered. i mean, they really don't have sales. the numbers are just horrifying. revenue in the quarter was $367,000. that's it. three months, $367,000 in revenue. and they've been warning for eight straight quarters captain is dwindling. -- capital
lauren: warren buffett-backed, major chinese ev maker.vs and plug-ins, the number for them topped 626,000 in the first quarter. tesla's still number one in pure evs. stuart: okay, but tesla, to some degree, is trailing byd. lauren: oh, yeah. stuart: to some degree. lauren: they've got a bigger market share and is a cheaper car. stuart: i want to go to pvh, they are the owner of calvin klein, tommy hill hilfiger and more. lauren: wow. they're going to fall as much as a 7% this year. two big...
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Apr 22, 2024
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also looking at chinese ev makers on the back of the reduction in prices by tesla. they are under pressure as well. interesting to see. li auto down 8%. followed by gw motor. leap motor down 5.5%. we are getting news that tesla's ceo elon musk, is postponing the visit to india. asked about the investment to the market. >> we have seen outstanding talent here. we have some of the chips designed and software and hardware in india for the global markets. the last few years, we have seen 5g in india and it has been amazing to see the opportunities that brings for indian consumers as well as for enterprises. we have seen india as a great r&d center of excellence and pool of the talent. we are seeing india as a great market and opportunity. >> to talk about india and the opportunities, let's bring in rob. great to have you here. >> good morning. >> we are hearing from the cfo of qualcomm about the opportunities in the indian market. where do you see the opportunities? is it in tech? we hear about apple and tesla and micron moving production there. is that where you see th
also looking at chinese ev makers on the back of the reduction in prices by tesla. they are under pressure as well. interesting to see. li auto down 8%. followed by gw motor. leap motor down 5.5%. we are getting news that tesla's ceo elon musk, is postponing the visit to india. asked about the investment to the market. >> we have seen outstanding talent here. we have some of the chips designed and software and hardware in india for the global markets. the last few years, we have seen 5g...
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Apr 26, 2024
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and they're effectively seeding that entire market to cheaper evs like chinese evs and that's a big dealr the outlook on tesla and a lot of the huge, huge valuations you have behind tesla is that they were going to continue to grow and continue to dominate so it really does put a dent in that expectation so does it really deserve the massive valuation that it has been given, you know, by tesla files the world over well, that's being tested right now. >> i guess we heard a lot from mr. -- from elon and others about the robotaxi would you prefer to see them invest more in an affordable cost competitive car than in a robotaxi i can only imagine how angry drivers in new york are going to be when they get behind a robo taxi that gets a little confused. >> yeah. so -- so here's what i'll say. i don't know that anybody has necessarily thought about this but when you think about costs of developing any kind of automated technology, the one that's used the most often is, quite frankly, when we fly autopilot is massively used and very safe, but it is extremely expensive. and i think that that expe
and they're effectively seeding that entire market to cheaper evs like chinese evs and that's a big dealr the outlook on tesla and a lot of the huge, huge valuations you have behind tesla is that they were going to continue to grow and continue to dominate so it really does put a dent in that expectation so does it really deserve the massive valuation that it has been given, you know, by tesla files the world over well, that's being tested right now. >> i guess we heard a lot from mr. --...
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Apr 4, 2024
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chinese ev maker byd is planning to launch its first electrical pickup truck this year and implants toit mobile. it already dominates china's ev market, but the company has been pushing into asia and south america. pickups are popular. byd cars are not available in the u.s.. that is your bloomberg brief. jonathan: the timing of that launch is quite interesting. janet yellen landing in china, byd waiting for the next tariff move from the administration. how far away is that move? lisa: really, is australia the big demand for pickup trucks? no, it is the united states. it always has been. annmarie: they have to implicate the market they can get access to, even without some sort of provisions on ev imports. it is more than 25% tariff currently to import the ev from china. jonathan: next on the program, apple searching for its next big thing. >> as a project, [indiscernible] apple has not lost the merger. lisa: that conversation shortly. jonathan: session highs up .50%. jobless claims in america delivering an upside surprise. 221. the estimate was 214 read your payrolls report tomorrow mor
chinese ev maker byd is planning to launch its first electrical pickup truck this year and implants toit mobile. it already dominates china's ev market, but the company has been pushing into asia and south america. pickups are popular. byd cars are not available in the u.s.. that is your bloomberg brief. jonathan: the timing of that launch is quite interesting. janet yellen landing in china, byd waiting for the next tariff move from the administration. how far away is that move? lisa: really,...
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Apr 3, 2024
04/24
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there's a lot of competition out there particularly from the chinese ev makers like byd. of price cuts, which do definitely hurt the margins not just of tesla but also the other ev makers. so it's going to be potentially a rocky road ahead at least in the short-term. jonathan, back to you. >> all right, cnbc's mandy drury live from london, thank you very much. >>> next up here we'll turn to politics with more from donald trump's campaign events yesterday in two key swing states. the former president, though, dodged a question on what will be a important issue in november's election. we'll show you that moment straight ahead. if you have chronic kidney disease you can reduce the risk of kidney failure with farxiga. because there are places you'd like to be. farxiga can cause serious side effects, including ketoacidosis that may be fatal, dehydration, urinary tract, or genital yeast infections, and low blood sugar. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking farxiga and call your doctor right away if you have symptoms of
there's a lot of competition out there particularly from the chinese ev makers like byd. of price cuts, which do definitely hurt the margins not just of tesla but also the other ev makers. so it's going to be potentially a rocky road ahead at least in the short-term. jonathan, back to you. >> all right, cnbc's mandy drury live from london, thank you very much. >>> next up here we'll turn to politics with more from donald trump's campaign events yesterday in two key swing states....
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Apr 12, 2024
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chinese ev makers in the red at this hour after senator sherrod brown called on the u.s.to ban chinese-made electric vehicles. the senator is doing so as he scenings to protect autoworkers in his -- seeks to protect autoworkers in his state. brown warped that the level of government -- warned that the level of government subsidization in the chinese auto industry would result in a flood of super cheap evs in the u.s. so right now li auto is down 4%. n if io's now at $4 and change, down 7% -- nio. xpeng down nearly 10%. animal health company sow it disis near the bottom of the s&p 500 after a "wall street journal" report linked possible side effects from its pet arthritis drug for cats and dogs, the journal reports some pet owners have blamed the company's drugs for sickening their animals. they told reuters its medicines are safe. the stock right now sill plumbing the depths here, down about 7.9%. novo more disk, the pharma giant whose stock has soared 50 or so percent over the past year getting some good news. the european union's drug regulator saying it e has found no
chinese ev makers in the red at this hour after senator sherrod brown called on the u.s.to ban chinese-made electric vehicles. the senator is doing so as he scenings to protect autoworkers in his -- seeks to protect autoworkers in his state. brown warped that the level of government -- warned that the level of government subsidization in the chinese auto industry would result in a flood of super cheap evs in the u.s. so right now li auto is down 4%. n if io's now at $4 and change, down 7% --...
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Apr 15, 2024
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♪ ♪ [thunder rumbles] ♪ ♪ >> we haven't seen chinese evs in the u.s.s in the united states? >> we don't have rules against it. >> consumers are spending real impact on discretionary items. we're growing our market segment share at a faster rate but at a lower rate in the healthy economy. >>> losses steepening in the last hour of trading, nasdaq leading the way lower. my next guest bullish on that sector with earnings set to kick off, let's bring in plexo capital's lo toney. welcome back. >> thanks for having me. always a pleasure. >> it's tough right now in tech, certainly today, with nasdaq, but you think earnings are going to start to deliver when we get going in this space is? >> yeah. i think there's two letters everyone is looking for twice, both ai, for artificial intelligence and hopefully lead to additional income. >> i thought the letters you were going to talk about was nvidia hoping to save the day, nvda. do our hopes hinge on that? >> i'm spending a little bit more time thinking about some of the other big tech players like microsoft, to se
♪ ♪ [thunder rumbles] ♪ ♪ >> we haven't seen chinese evs in the u.s.s in the united states? >> we don't have rules against it. >> consumers are spending real impact on discretionary items. we're growing our market segment share at a faster rate but at a lower rate in the healthy economy. >>> losses steepening in the last hour of trading, nasdaq leading the way lower. my next guest bullish on that sector with earnings set to kick off, let's bring in plexo...
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Apr 10, 2024
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now, the question will be if and when chinese evs really hit the american market hard.re selling for as little as, like, $15,000. >> wow. >> i was a very young man when japanese cars came into the american market. there was a huge debate as to whether it was ethical to buy a japanese car and the answer was no, because i lived in michigan. now, who doesn't drive a toyota or a nissan. chinese may be the same way. >> interesting to see. >> thanks, scott. >>> consumer advocates are warning about what they claim are alarming levels of lead and sodium found in a popular childrens' lunch snack and consumer reports is working to get them banned from school lunches. it's launching a drive calling on the usda to remove lunchables from the national school lunch program. their experts found the turkey and cheddar cheese lunchable had 74% of california's maximum naturally occurring lead levels, and just under 50% of the u.s. dietary levels for sodium. pizza had high sodium levels and the extra cheesy has 69% lead levels and 34% sodium. other makers fared similarly. in response, kraf
now, the question will be if and when chinese evs really hit the american market hard.re selling for as little as, like, $15,000. >> wow. >> i was a very young man when japanese cars came into the american market. there was a huge debate as to whether it was ethical to buy a japanese car and the answer was no, because i lived in michigan. now, who doesn't drive a toyota or a nissan. chinese may be the same way. >> interesting to see. >> thanks, scott. >>>...
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Apr 14, 2024
04/24
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CNNW
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would there's already american tariffs on chinese evs, electric vehicles so are you threatening moreu tell them what we want you to change your behavior or else >> well, look, we're concerned about the possibility of surges in chinese exports to our market in areas where they have a great deal of overcapacity. and so i wouldn't take anything off the table as a potential response. but we really want to responsibly manage this relationship and i think that entails i'm being very clear at the most senior levels with the concerns we have and trying to engage in joint discussion that helps us avoid misunderstanding in the case of overcapacity and certain areas of manufacturing. we agreed to launch an intensive exchange on balanced growth in the domestic and global economies i've been very clear in my discussions with them this is a concern not only to us, but also to other countries, to europe, to japan and even to emerging markets. india, mexico, brazil so we want to talk about our concerns honestly you know we have a complex relationship. >> you also spoke about >> their relationship wi
would there's already american tariffs on chinese evs, electric vehicles so are you threatening moreu tell them what we want you to change your behavior or else >> well, look, we're concerned about the possibility of surges in chinese exports to our market in areas where they have a great deal of overcapacity. and so i wouldn't take anything off the table as a potential response. but we really want to responsibly manage this relationship and i think that entails i'm being very clear at...
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Apr 16, 2024
04/24
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particularly it's when chinese ev makers you'll remember recently byd from china came as a top electric world, and they're also facing a softer demand for ev in general. now a few days ago tesla reported its first fall in sales since the height of the pandemic four years ago. and the tesla shares fell down 5% off the back of the news, john. >> it's been quite the year or two for elon musk. cnbc's charlotte reed live from london, thank you very much. >>> still ahead here on "way too early," in just a few hours donald trump will return to court for day two of his criminal hush money trial. we'll play for you what the former president had to say about his first day in court including why he's now seeking a pause in the trial. we'll be right back with that. l. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today
particularly it's when chinese ev makers you'll remember recently byd from china came as a top electric world, and they're also facing a softer demand for ev in general. now a few days ago tesla reported its first fall in sales since the height of the pandemic four years ago. and the tesla shares fell down 5% off the back of the news, john. >> it's been quite the year or two for elon musk. cnbc's charlotte reed live from london, thank you very much. >>> still ahead here on...
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Apr 21, 2024
04/24
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ev because all the driving they do is you know the six blocks from their apartment in brooklyn to the whole foods in back. right. i mean they don't have to drive like they're not truckers they don't live in rural america. they're not farmers. they don't have to drive an hour to get their kid soccer practice. i mean, it's just so it's very myopic and for their voters. and you know what? nothing wrong with that, right? i mean, this how retail politics work. you do favors for your voters. joe biden wants young voters. he give, you know, pay you know, pay off their student loans, up for transfer of wealth from the working class. it's just very important, i think, to call that out because so much of it is done with this high minded know as if in the name justice. and really it's simply an economic play for votes it's simply, you know, it's it's pork belly. let's talk about the biggest point of agreement between us in your book. you have a wonderful section at the very end about housing and how zoning laws have made so unaffordable made it more difficult build new housing made it more diffi
ev because all the driving they do is you know the six blocks from their apartment in brooklyn to the whole foods in back. right. i mean they don't have to drive like they're not truckers they don't live in rural america. they're not farmers. they don't have to drive an hour to get their kid soccer practice. i mean, it's just so it's very myopic and for their voters. and you know what? nothing wrong with that, right? i mean, this how retail politics work. you do favors for your voters. joe...