to discuss further, sarah ponczek. let's start with tesla.nvestors seem to think the original selloff was overdone. >> some investors are saying that original selloff we saw was overdone. we are seeing a bit of a bounce. we see the comeback since the first day of the year. we see a really rough day for tesla, but the back to the matter is that we keep seeing concerns surrounding the company. we're talking about a company down 30% at one point and bounced back to end the year, up 7%. clearly, a very volatile stock, but what happened this time is that they will put out model three delivery numbers. they came in below estimates, but what was worrisome, because some traders and investors -- to some traders and investors is that they cut. we saw this and the stock price, the worst performer in the nasdaq 100. you are seeing that clearly. it will be interesting. emily: apple stole the show. to investors think this is company specific? do we think other companies will be impacted? sarah: i've heard investors looking at apple in saying there are long

we are joined by michael mckee and sarah ponczek. we will start with those markets. this report came out of "the sayingreet journal" sector mnuchin might say something. the markets are still up. sarah: they are basically up. this gives you an idea of what markets would look like if we do the u.s. is saying looking to roll back tariffs. because the treasury department puts ushis back, that exactly where we were before this. the treasury department said what's going on with china is an ongoing process that is nowhere near complete. that is pretty harsh language to what could have been a positive. meetresident is going to with him today. carol: what's interesting about those headlines, this whole idea that they were keeping an eye on financial markets. not a great way to set policy. michael: what we are following then is speculation in press about who is motivated to do what. the president and theory motivated to put more effort into financial markets, the treasury department denied this. more headlines and trade in the last 24 hours. chuck grassley, the new head of the

david: thanks so much to bloomberg's sarah ponczek and isaac boltanksy., another industry impacted by tariffs and that is the auto business. that is next. this is bloomberg. ♪ this is balance of power on bloomberg television. i am david westin. g ism our stock of the hour with shares falling more than 3% today and knocking $1.4 billion in the markets capitalization. in the chandra is here with more. --emma chandra is here with more. emaa: you reported it -- emma: you reported it live, down 2.7% and only gmc brand has positive sales and all the rest fell. also, chevy silverado, the longtime number two pick up truck, was bested by chrysler's ram. that's a good knock for gm, as well. we also saw that gm what we have been seeing really is they are more dependent on china, something we talk about a lot on balance of power, and the unit sales for gm are more than in the u.s., and with the news of apple today weakening -- with the weakening economy in china would not have helped gm today either. we also saw the other automaker reports sales on the monthly will,