Tesla’s shares in premarket trade soared Thursday morning after the EV maker reported its biggest quarterly profit in more than a year and issued upbeat forecasts for 2025. CEO Elon Musk added $80 billion to the company’s market value after strong quarterly earnings driven by Cybertruck sales. Also in the transportation sector, Boeing factory workers rejected a new labor contract that would have increased their wages by 35% over four years. In markets, New this Thursday morning, traders are favoring a half-point ECB rate cut in December. Money markets boosted the chance of that outcome to more than 50% for the first time on Thursday, after poor French manufacturing and services data added to the drumbeat for more aggressive easing to tackle Europe’s slowing economy.
Today’s guests: Laura Cooper, Nuveen; Jean Bolvin, Blackrock Investment Institute; Viki Farmaki, State Street Global Advisors
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – Market check
00:02:38 – The Pulse with Francine Lacqua
00:04:10 – Boeing trades lower as union workers reject new deal
00:06:44 – Tesla delivers blowout quarter
00:10:21 – Traders favor half-point December ECB rate cut
00:10:39 – Laura Cooper, Nuveen
00:17:57 – Trump, Harris in swing state deadlock: Polls
00:21:08 – Headlines
00:23:40 – Jean Boivin, BlackRock
00:32:31 – Viki Farmaki, State Street Global Advisors
00:39:38 – China’s luxury spending slowdown
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