🚀Tesla's sales decline despite Elon Musk hyping new products.
💥FAA halts production of Boeing's 737 MAX aircraft following an in-air door plug blowout.
📈US GDP grew at a high rate of 3.3% during the period.
🚀Tesla's sales decline despite Elon Musk hyping new products.
💥FAA halts production of Boeing's 737 MAX aircraft following an in-air door plug blowout.
📈US GDP grew at a high rate of 3.3% during the period.
Why is Tesla's stock down?
—Tesla's stock is down due to a decline in sales and Elon Musk blaming higher rates for sluggish sales.
What is the impact of the FAA halting production of Boeing's 737 MAX aircraft?
—The FAA's decision to halt production is a setback for Boeing and could affect the company's financial performance and reputation.
What does the positive GDP growth rate mean for the economy?
—The strong GDP growth rate indicates a robust economy and may influence future decisions by the Federal Reserve regarding interest rates.
What are stock futures and treasury yields indicating?
—Stock futures are trading mixed, and treasury yields show a slight increase.
00:00This morning's market update covers the decline in Tesla's sales, the FAA halting production of Boeing's 737 MAX aircraft, and the positive GDP growth rate of 3.3% during the period.
01:16Tesla's stock is down despite Elon Musk hyping new products, which shocked Wall Street with a soft quarter.
01:36The FAA has halted production of Boeing's 737 MAX aircraft following an in-air door plug blowout on an Alaska 737-9 MAX.
02:09US GDP showed a strong growth rate of 3.3% during the period, indicating a robust economy.
02:46Stock futures are trading mixed, and treasury yields show a slight increase.
