. >>> toyota motor is one of the few firms that has managed to weather the global financial downturnnt months. the japanese automaker says despite the impact of the coronavirus pandemic it was able to turn a profit in the latest quarter. toyota's earnings report shows the group stayed in the black for the april to june period. that's despite the fact sales were down 40% in yen terms from a year earlier. operating income dropped 98% and nett income was d down 74% to 1 billion yen or about $1.5 billion. toyota says cost cutting efforts kept income in positive territory. the automaker now projects it ll sell 9.1 million vehicles globally in the year through march. that's up from earlier projection of 8.9 million. it says sales are rising in china. toyota also forecast it will have a net incncome of about $6 billion f for the current fisca year. >>> u.s. secretatary of state me pompeo annnnounced a policy to limit the activities of chinese communications firms and wants u.s. allies to join the campaign. >> we want to see untrusted chinese apps removed from american app store. we're prote

monet technologies is jointly funded by toyota motor and soft bank.t comes with a unique innovation. special rails built into the floor allow users to rearrange the seats to create a minioffice. the company says its targeting government and corporate customers but that the vehicle has potential uses for retail, tourism, and medical businesses. the company also says a circulation system is built in the ceiling, offering improved airflow. >> translator: demand for food and drink delivery services has been increasing during the pandemic. this vehicle will be able to accommodate a variety of uses and will be more than just a means of transport. >> the company says its also planning to create an online dispatch system for customers. >>> the chinese government has long made the eraradication of poverty one of its main policy objectives. the recent efforts on this front have been focused on supporting rule economies through the use of big data. nhk world reports. >> r reporter: this man i is on mamany farmers in this region. business used to be tough, but th

worldwide and easy to imagine some negatively affected by what's going on, i'm talking now abou toyota motor, i'm talking about mitsubishi, i'm talking about honda. that represents the minority when you think about it and you have to think about the broader index here and the hazards that they might be facing and the signs to see from other companies that are in that group that have already reported we take a look at the volatility on the ewj right now, this was typically a ver low volatility index, much like the s&p was before everything that we have seen. it was about 11% or 12% and then spiked of course along with the rest of the volatility in the markets globally in february and march up to about 45 and has come back somewhat but it is still quite elevated right now about 21%. nearly double what it was historically also the ewj is no trading at its all-time highs and it might make sense to use a put spread here. normally when carter gives a technical view, i like to look out 60 to 90 days but here given the weakness and rolling over, i'm looking shorter data than that out to september. t

5 to 1 stock they were up, and that's just a hair below the combined equity values, yes, with toyota motors, general motors and ford combined we'll have more on "rapid fire," i know you guys will, in the next hour. >> the new normal in the auto world. thank you, dom >>> we have better than expected earnings, stocks not fazed by the stalemate in washington. are we going to keep this rally going? steven whiting is at city private bank, brad mcmillan is chief investment officer at the commonwealth financial network good to see you both, thank you for joining us today steven, i know your feeling is the bounce we had economically after the collapse in march and april is over. so now what? >> well, look, over for the moment we'll probably have no job gain, close to zero, for august employment but for the coming year, for 2021, we revised up our u.s. global work projections. we can glow by a full 1% by the end of the year just to keep up this demand pace when you look at what happened over the course of the first and second quarter, we had a record collapse, we ended the second quarter with enough

. >>> ford, general motors and toyota place to have rearseat technology and cars sold in the u.s.t is a look at your gasia mikaelian . >>> coming up, how about one more check of those roads was sell this morning. >>> we have better news for the richland bridge. a lot of people have been using the richmond bridge getting into marin county because of what is happening on 37. you can see the 37 is still close because of that deadly accident that happened this morning in the 6:00 hour. they close the 37 from vallejo out to sears point. the cars that were stuck were allowed to get out. note new traffic is getting through right now. again, the richmond bridge as your alternate. the bay bridge has cleared out. let's bring in rosemary today with our weather. >>> good morning, south. were feeling fortunate that we had a quiet morning when it came to the weather. a few scattered shower and they are stable enough to prevent a lot of those thunderstorms from firing off over the bay area. we had some activity in the sacramento area and the sierra. we will hold onto this red flag warning for th

are we going to see a similar sort of story beginning to emerge now for the big motor manufacturers? i appreciate toyotao think so but unfortunately i think considering the second wave of coronavirus, possibly a third, and also the fact that in our supply chain, it has to be rejuvenated, especially the trade war going on between us and china, i don't think the path ahead of us is as easy as we would like to think and for that reason i would think it would be optimistic to think that the revival changed will continuously go on upwards towards the end of the year. thank you very much indeed. as those figures from toyota come m, those figures from toyota come in, we will bring them to you. let's go to lebanon now. even before tuesday's explosion in beirut that killed at least 135, injured thousands, and left the port and surrounding areas in ruins and even before the coronavirus pandemic, the country was facing the worst financial crisis in its history. its official exchange rate has been pegged at 1507.5 lebanese pounds to the us dollar since 1997. but years of financial mismanagement and soaring debt has

demonstration, the car took off and circled around the toyota test field for about 4 minutes, the company says the car is equipped with eight motorsto ensure safety in emergency situations. >>> elon musk unveiling his next big thing, it's called neuro link, combining artificial intelligence and the human brain. musk rolled out the technology on friday in a pig named gertrude, he says the coin sized device can one day be implant instead a human brain. musk calls the technology a fitbit in your skull, and claims it could one day fight memory loss, blindness and paralysis, among other medical conditions. >>> after more than a month of delays due to coronavirus, christopher nolan's highly anticipated tenet finally opens to big crowds overseas. >> all i have for you is a word. tenet. >> the time twisting sci fi thriller opened in 41 countries this weekend, and made $53 million at the global box office. warner brothers will release "tenet" in the u.s. this coming weekend. seven states, though, including california and new york still not allowing movie theaters to open. warner brothers is of course owned by cnn's parent company warner me