j, chinese carmakers are expected occupied 15 percent of the european carmack markets by 2025. the country also overtook japan as the world's biggest exposure of vehicles in the 1st quarter of this year with the majority of growth driven by electric vehicles. and that rapid growth has left german carmakers in the backseat. they've traditionally occupied about a 5th of the chinese car market, but in recent years, chinese e. v is a low and you can see the 2nd line here. how well surpass them. i ask who he goes about young. i'm a list of metrics to explain how the chinese e v market was able to grow so fast. the festival, it's really going very fast as a, as economy as a whole, right? so in 2009, it became the largest co make a comma globally. so that's a massive market. that's really important for companies to accumulate the scale. and that is now helping companies like b y, d a to become competitive, not just in china, but globally. but on top of that, you had a government that basically pressured phone call make has to give up product, didn't know how and technology to ditch fi

carmack shares getting a lift but -- carmax getting a lift a little.rying to take some market share it with that. matt: we talk about the average mortgage rate at $3000, consumers looking at thousand dollar car payments. we are seeing default rates pick up here to a real concern and something to keep an eye on in this economy. jon: this is bloomberg. ♪ fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. we moved out of the city so our little sophie fucould appreciate nature., risks, charges, expenses but then he got us t-mobile home internet. i was just trying to improve our signal, so some of th

protested outside this convenience store in columbia, south carolina to remember 14-year-old cyrus carmack belton who was shot and killed the night before by the store owner. hours later, rioters broke in, smashing merchandise and toppling shelves, angry over the loss of another young black life. >> there is nothing but looting. just plain, pure looting. and what does that got to do with that 14-year-old? >> reporter: according to the sheriff, on sunday night, belton took water bottles from a cooler before putting them back. the store's owner, 58-year-old rick chow thought he was stealing. after they argued, belton left and was chased down the street by chow and his son. then chow looked what he thought was firearm. pulled out his glock and firing one shot, hitting the 14-year-old in his back and in the heart. the boy's gun was found at the scene. >> we believe he had a gun, but we don't believe he pointed it at him. >> reporter: chow is being held on one charge of murder. the store owner has a history of incidents involving customer, including a shooting in 2018, which was deemed self-def

on sunday, investigators say 14-year-old cyrus carmack-belton was at a cooler holding four bottles ofhe police said he put back down when the store owner accused him of stealing. >> this location has had lots of shoplifting incidents. he did not shoplift anything. we have no evidence he stole anything whatsoever. >> reporter: a struggle in the store spilled on the street and the teenager ran away. police say the store owner shot the child in the back. people are outraged near and far. even the county coroner says she's heartbroken. >> i will tell you all i have a son who is that age. >> reporter: police underlined that they did find a gun near the boy's body and that it belonged to the teenager. there is stand your ground law in south carolina but authorities say it doesn't help the store owner in this case because the teenager was killed as he was running away. investigators say that this same store owner has shot bullets at people in his store before. in one case where no one was hit, second case the police ruled it was self-defense. then this one. he's charged with murder. police s

rick chow was being held on a murder charge in the death of cyrus carmack belton police say chow wrongly believed the teen was shoplifting four bottles of water the sheriff says cyrus didn't take anything. authorities have shared more details now about the now-vandalized store they say back in 2015 chow fired six times into the car of a woman he accused of stealing but no one was hurt. three years later he shot a man in the leg who did plead guilty to shoplifting chow's attorney declined to discuss the past incidents police say the cases didn't meet the requirements for charges against chow >>> ukrainian president volodymyr zelenskyy has again urgently argued that his country should become a member of nato, speaking at a meeting of european leaders zelenskyy said ukraine is preparing a package of security guarantees ahead of the nato summit in lithuania next month, seeking a clear invitation to join if ukraine can't join he will seek his own security guarantees nato expansion was cited by vladimir putin as a reason to invade and some nato members fear that admitting ukraine would bring t

protested outside this convenience store in columbia, south carolina, to remember 14-year-old cyrus carmack-beltenbefore by the store owner. hours later, rioters broke in, smashing merchandise and toppling shelves, angry over the loss of another young black life. >> it was nothing but looting. just plain, pure looting. and what has that got to do with that 14-year-old? >> reporter: according to the sheriff, on sunday night, belten took water bottles from a cooler before putting them back. the store's owner, 58-year-old rick chow, thought he was stealing. after they argued, belten left and was chased down the street by chow and his son. then, chow observed what looked to be a firearm, pulled out his glock, and fired one shot, hitting the 14-year-old in his back, piercing his heart. the boy's gun was found at the scene. >> we believe he had a gun, but we don't believe he pointed at him. and that is the key to it. >> reporter: chow is now being held on one charge of murder. the sheriff says the store owner has a history of incidents involving customers, including a shooting in 2018, which was deemed

. >>> is still to come, driving growth -- carmack shares are popping today. want to tell you what is behind that move. >>> plus, your earnings rundown, we are setting you up for nike results next week. the key metrics every investor needs to be watching for, all ahead on "closing bell". we are still at about 200 points hanging around this level. we will be right back. >>> goldman sachs facing a big write-down on its troubled green sky deal, that is according to the latest scoop from cnbc.com. what have you learned? we knew they were putting this for sale. no update, but you have been doing some work? >> they are gaining out of consumer finance, large. so, this is part of that. however, they are finding that the market in the middle of 2023 is far different than the one in which they purchased it in late 2021. >> how much, again? >> they announced 2.2 billion, all stock. it took six months for the deal to close, and the economics was roughly $1.7 billion when a close, i'm told. so, the offers they are getting from the likes of -- we are talking about some stra

garrett doty is accused of attacking don carmack back in april. cavagnaro suffered a fractured skull and jaw and needed 51 stitches. doty is facing felony charges that include assault with a deadly weapon and aggravated battery with serious bodily injury. notice public defender says he acted in self-defense and that kayleigh mcenany had been spraying bear mace on homeless people who were near his mother's home. a man in san francisco accused of blowing up , blowing up his home and killing his wife is scheduled to be charged today with murder. police say darren price operated a cannabis lab in the basement of a rented home in the outer sunset neighborhood. an explosion killed his wife and injured her caregiver in february. price was initially charged with involuntary manslaughter, but investigators found new evidence and re-arrested him. last week. prosecutors will consolidate the new murder charge with other counties facing including manufacturing drugs, child endangerment and elder abuse. a former firefighter is now facing felony arson charges co