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Apr 9, 2024
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we'll have more reporting on this from our phil lebeau. the intraday of boeing is dropping. there are reports now from "the new york times" the faa is investigating whistle-blower claims with boeing's dreamliner jet. a number of issues with boeing. here yet another one. our phil lebeau to give us more context into all of this. we do have ownership on the desk. while we wait for phil, let's kick this around. steph, i'll come to you first on boeing and then back to the technology discussion we're having today. there's significant news as it relates to the chips, too. the stock is under pressure. >> i think you have to be patient. it will not change overnight. there's a lot of fixes in place. they don't even have a ceo at this point. they do but they're getting a new one and they are actively searching. that will be the next catalyst. we have to get through a lot of the bad headlines and we have to have the stock not go down on bad news anymore. every time we get these headlines, it goes down. i'm staying patient. again, i think and i speak to the duopoly of airbus and boeing a
we'll have more reporting on this from our phil lebeau. the intraday of boeing is dropping. there are reports now from "the new york times" the faa is investigating whistle-blower claims with boeing's dreamliner jet. a number of issues with boeing. here yet another one. our phil lebeau to give us more context into all of this. we do have ownership on the desk. while we wait for phil, let's kick this around. steph, i'll come to you first on boeing and then back to the technology...
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Apr 24, 2024
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phil lebeau, always great to talk to you. time to have a check on some of this morning's top corporate stories. silvana henao with those stories. good morning once again. >> good morning. shares of hashicorp higher a deal could materialize in the next few days though hashicorp and ibm both tell c nbc, they do not operate on speculation they jumped 23% compared to ibm's 2% increase during the same period. >>> in washington the ftc banning employers from using noncompete contracts to prevent workers from joining rival firms. the measure marks the first time the agency has issued a mandate on how companies compete in more than 50 years. the chamber of commerce will reportedly sue the ftc this week before the regulation goes into effect in august. >>> and oracle says it's planning to move its world headquarters from austin, texas, to health care epicenter nashville, tennessee speak yesterday, oracle chairman larry ellison says oracle is new to the health care scepter, but has the moral responsibility of helping with the problems.
phil lebeau, always great to talk to you. time to have a check on some of this morning's top corporate stories. silvana henao with those stories. good morning once again. >> good morning. shares of hashicorp higher a deal could materialize in the next few days though hashicorp and ibm both tell c nbc, they do not operate on speculation they jumped 23% compared to ibm's 2% increase during the same period. >>> in washington the ftc banning employers from using noncompete contracts...
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Apr 26, 2024
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phil lebeau. we've got about 25 seconds kind of random but interesting got a company going public here today. gcts, which is a semiconductor company. and i come in and my buddy is up there, jeff tudor, on the board of the company shoutout to -- kelly around the corner that's it. see you tonight. john and morgan up now [ bell tolling ] >> strong results from microsoft and alphabet, sending the nasdaq soaring today and helping push the nasdaq and the s&p 500 to their best weeks of the year bet you didn't see that coming >>> and alphabet just closed above $2 trillion in market cap for the first time ever. that's the scorecard on wall street but the action is just getting started. welcome to "closing bell overtime." i'm morgan brennan >> intel sitting out this
phil lebeau. we've got about 25 seconds kind of random but interesting got a company going public here today. gcts, which is a semiconductor company. and i come in and my buddy is up there, jeff tudor, on the board of the company shoutout to -- kelly around the corner that's it. see you tonight. john and morgan up now [ bell tolling ] >> strong results from microsoft and alphabet, sending the nasdaq soaring today and helping push the nasdaq and the s&p 500 to their best weeks of the...
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Apr 23, 2024
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frank, back to you. >> thanks, phil lebeau. for more on what to watch, let's bring in jeff kilburg of kkm financial. he is a cnbc contributor and tesla shareholder. jeff, good morning. i'll pick up where phil left off. you are looking toward the earnings call more than the actual results. you want more information about the company's a.i. efforts and that robotaxi. >> that's right, frank. it is the number two or second worst stock in the s&p 500. tesla is the number one most hated stock on the street. i love hated stocks. it is not a contrarian play. it is the purest a.i. play out th there. we will see elon musk's feet held to the fire. we want to know about the model 2. the $22,000 car they were creating. in the event of the reuters rumor is correct that they are scrapping the model 2, that will stop people giving elon the benefit of the doubt. if they scrap the model 2, that will be damage to his reputation and how he moves forward. i do believe this elon. i believe in tesla. the stock has the ability to move 23% higher at 17
frank, back to you. >> thanks, phil lebeau. for more on what to watch, let's bring in jeff kilburg of kkm financial. he is a cnbc contributor and tesla shareholder. jeff, good morning. i'll pick up where phil left off. you are looking toward the earnings call more than the actual results. you want more information about the company's a.i. efforts and that robotaxi. >> that's right, frank. it is the number two or second worst stock in the s&p 500. tesla is the number one most...
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Apr 10, 2024
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phil lebeau caught up with the ceo. what are the headlines? >> what stands out is the consistency of the first quarter. they beat the street in terms of a bottom line profit by 9 cents with revenues coming in this just shy of expectations. but the numbers within the numbers, this is a tough quarter. in terms of let's look at cost per available seat mile up 1.5% the guidance earlier in the year was an increase of 3%. better than expected. passenger revenue, flat, and swung to positive domestic passenger revenue. so an improvements in the operations and that's filtering down. demand, internationally it's hot right now. we talk about how transatlantic demand in the spring and summer will be strong they're seeing it with transatlantic and transpacific. corporate travel, that's improving as well. here's ceo ed bastian. >> we've seen a 15 point acceleration since the start of the year in business travel and we're now back revenue-wise, at or above pre-pandemic levels. volumes still a bit off, maybe 90% but we're doing really well. >> shares of delta
phil lebeau caught up with the ceo. what are the headlines? >> what stands out is the consistency of the first quarter. they beat the street in terms of a bottom line profit by 9 cents with revenues coming in this just shy of expectations. but the numbers within the numbers, this is a tough quarter. in terms of let's look at cost per available seat mile up 1.5% the guidance earlier in the year was an increase of 3%. better than expected. passenger revenue, flat, and swung to positive...
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Apr 8, 2024
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phil lebeau is here with the very latest. phil, what happened? >> deirdre, this is video that i think anybody who saw it, if you were on this flight you were going, oh, what is going on here? this was shortly after takeoff at denver international airport, part of the employ incovering, what's known as the cowling, was ripped off. it did not impact the engine which did continue to function and they did come back to the airport and made an nrjs landing and no injuries were reported. part of the engine that blew off here is the covering, the cowling. that's there in case there's ever an engine failure and it can keep the parts from flying into the fuselage. southwest maintenance is investigating and while this is a boeing 787-800, keep in mind this was delivered in 2015 and i know the headlines and more headaches for boeing this is a maintenance issue. while boeing and ge aerospace which makes the engine, they're assisting southwest with their investigation. as you take a look at shares of southwest this is not considered a boeing manufacturing issu
phil lebeau is here with the very latest. phil, what happened? >> deirdre, this is video that i think anybody who saw it, if you were on this flight you were going, oh, what is going on here? this was shortly after takeoff at denver international airport, part of the employ incovering, what's known as the cowling, was ripped off. it did not impact the engine which did continue to function and they did come back to the airport and made an nrjs landing and no injuries were reported. part of...
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Apr 30, 2024
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phil lebeau tracking the latest news for us. what's happening with tesla today, phil? >> well, we got -- two pieces of layoff news. you have the news that came out last week about cutting 10% of the staff. i think it was last week. might have been the end of the priest week. i'll run it together here, tyler. then you had the news that came out last night, this was first reported by the publication the information. and here are the latest tesla layoffs that has gotten some attention here. senior director of the super charger business as well as the head of the new vehicles program and the employees in those divisions, some numbers have put that at about 500 employees, bottom line is, more cuts at tesla. the company, as you mentioned, had already said, hey, look, we're going to be laying off 10% of the staff. that's approximately 14,000 employees. those were cuts that were announced a week, week and a half ago. elon musk, however, after those came out, there were a number of reports that he wanted even more cuts. than 10%. whether you believe that or not, it is clear fro
phil lebeau tracking the latest news for us. what's happening with tesla today, phil? >> well, we got -- two pieces of layoff news. you have the news that came out last week about cutting 10% of the staff. i think it was last week. might have been the end of the priest week. i'll run it together here, tyler. then you had the news that came out last night, this was first reported by the publication the information. and here are the latest tesla layoffs that has gotten some attention here....
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Apr 2, 2024
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. >> shares of general motors, which look to me to be about 1% lower as i go to phil lebeau. he has a market flash regarding that company's auto sales. phil? >>> scott, all of the automakers are down right now. when you take a look at general motors, q1 sales fell 1.5%. keep in mind a big part of that decline is because of a big reduction in terms of fleet sales. remember in terms of auto sales retail is better than fleet, so if you're going to see a reduction, you want to see it on the fleet side. days of inventory supply, 63-day supply. what about the ev market? so much is being made of gm's pivot to electric vehicles as they ramp up battery cell production. in the first quarter, gm's ev sales fell compared to last year. last year they sold more than 20,000 evs. this year 16,425. not a huge decline but, again, they're doing a pivot now to ramping up production of the battery sales both in tennessee as well as in ohio and, quickly, take a look at shares of general motors versus toyota. why are we showing you this? toyota was out with its q1 sales today. no surprise, hybrids
. >> shares of general motors, which look to me to be about 1% lower as i go to phil lebeau. he has a market flash regarding that company's auto sales. phil? >>> scott, all of the automakers are down right now. when you take a look at general motors, q1 sales fell 1.5%. keep in mind a big part of that decline is because of a big reduction in terms of fleet sales. remember in terms of auto sales retail is better than fleet, so if you're going to see a reduction, you want to see it...
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Apr 16, 2024
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phil, thank you. phil lebeau. tim seymour, much better than expected, and the bar was set so low, especially after they canceled that investor day meeting. >> again, i think this was much better than expected. the fact that they reiterated that '24 full-year guide of $9 to $11 a share, the street was not expecting that. the first operating profit s since -- for the march quarter since 2019, i believe. i think they're international business was a bright spot, it was up 11.7%, domestic was solid. so, if you look at united as a massive underperformer to delta, i think you're going to get more follow-through here. i think this is a huge relief. i think fuel costs were better. so, in a higher environment, where airlines are going to str struggle, always struggle with sentiment around fuel, i think this was a very, very strong number. just strong. >> carter, how does the chart look? >> well, it's a trading chip. we know the stock, how many times has it been bankrupt? it's the same price it was since 2006, and think of t
phil, thank you. phil lebeau. tim seymour, much better than expected, and the bar was set so low, especially after they canceled that investor day meeting. >> again, i think this was much better than expected. the fact that they reiterated that '24 full-year guide of $9 to $11 a share, the street was not expecting that. the first operating profit s since -- for the march quarter since 2019, i believe. i think they're international business was a bright spot, it was up 11.7%, domestic was...
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Apr 22, 2024
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we have phil lebeau with more. you can tell us what we need to see in tesla and toyota for that them to switch. not that far on market cap. >> reporter: they are very close, joe. we will show you the two-year chart at the end of the report of tesla and what is happening. look at the decline since last july. teaser there if you want to see how much it dropped. the news on friday here in the u.s. and then we saw it confirmed in other markets worldwide. cutting models y, s and x by $2,000. they are dropping fsd fto $8,00 from $12,000. we know the numbers will be poor compared to tesla in the past. they need to see it. the estimate is for a profit of 49cents a share. if it comes in shy of that, that's not driving the stock lower. by the way, we expect the first year-over-year decline in revenue in four years of $25 billion picture expected in rev. the focus on the conference call and guidance. gross margins in the first quarter down 15.9%. i talked to a number of others who said it could be down 14.5%. that will not mo
we have phil lebeau with more. you can tell us what we need to see in tesla and toyota for that them to switch. not that far on market cap. >> reporter: they are very close, joe. we will show you the two-year chart at the end of the report of tesla and what is happening. look at the decline since last july. teaser there if you want to see how much it dropped. the news on friday here in the u.s. and then we saw it confirmed in other markets worldwide. cutting models y, s and x by $2,000....
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Apr 15, 2024
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salesforce declined to comment and informatica did not respond. >> to phil lebeau. this tesla slide on reports of job cuts? >> you have a couple key executives leaving. let's talk about the job cuts announced this morning in a company e-mail from elon musk. more than 10,000employees. they have about 140,000. approximately 14,000 will be let go. he says we need cost cuts and we also need to increase productivity in his memo, elon musk says there is nothing i hate more but it must be done. this will enable us to be lean, innovative and hungry for the next growth phase cycle. shares of tesla as i mentioned were also a couple executives announced they were leaving including rohan patell. those are two that have been there a long time, raises the question, what is the future of tesla. find out april 23rd when the earnings call happens. >> thanks for that update there. we have about a minute left. we have the fed chair speaking in d.c. tomorrow. pay close attention to that. not necessarily on the tredirecn of interest rates but given where rates have backed up it's pertin
salesforce declined to comment and informatica did not respond. >> to phil lebeau. this tesla slide on reports of job cuts? >> you have a couple key executives leaving. let's talk about the job cuts announced this morning in a company e-mail from elon musk. more than 10,000employees. they have about 140,000. approximately 14,000 will be let go. he says we need cost cuts and we also need to increase productivity in his memo, elon musk says there is nothing i hate more but it must be...
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Apr 5, 2024
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phil, thanks. phil lebeau. tim, you are an investor, correct? were you looking forward to this investor day? >> you know, first of all, sometimes -- >> plans now for may 1? >> well, yeah. look, i'm completely -- now i can rearrange any sock drawer and other things. in airline stocks sometimes i call myself a trader. in delta's case, i am an investor. i have been a long-term investor and consumer of delta. i think there is a dynamic with united that continues to be a very different story than what we are seeing of the big two versus delta. underperformed by 25% over six months. it is interesting. you have an investor day when you have good news. there is no question. so when you don't have an investor day, do you by default have bad news? that is something to think about. but i do think it's been an incredible run for airlines. i am worried about the oil price. i think that knocked delta down from over $49 which was a key level. >> julie, what do you think? >> absolutely. typically also during the investor days for the airlines they talk about wh
phil, thanks. phil lebeau. tim, you are an investor, correct? were you looking forward to this investor day? >> you know, first of all, sometimes -- >> plans now for may 1? >> well, yeah. look, i'm completely -- now i can rearrange any sock drawer and other things. in airline stocks sometimes i call myself a trader. in delta's case, i am an investor. i have been a long-term investor and consumer of delta. i think there is a dynamic with united that continues to be a very...
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Apr 1, 2024
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phil lebeau is here to dive into the estimates. phil? >> the question now, melissa, will tesla post a year over year decline in deliveries? we haven't seen that in quite some time, at least four, five years since we've seen that from tesla. here's the latest consensus. 457,000. i have to be clear here, that was the consensus last updated on friday. since then, a slew of reports have come out, people are now saying, look, 415 to 420 is what we think. in fact, when you look at the analyst notes, web bush is at 425, then you've got morgan stanley at 425. adam jonas there. and emanuel rosner at deutsche bank, he's coming in at 414. bottom line, the analysts have all been bringing down their estimates, not just for the first quarter, and we'll talk about why that's the case, but also for the full year. it's more than common now that you will see analysts saying, when it comes to full year deliveries, we don't think they're going to get to 2 million. they were at 1.81 million last year. i've seen a couple of analysts say, if they get to 1.91 m
phil lebeau is here to dive into the estimates. phil? >> the question now, melissa, will tesla post a year over year decline in deliveries? we haven't seen that in quite some time, at least four, five years since we've seen that from tesla. here's the latest consensus. 457,000. i have to be clear here, that was the consensus last updated on friday. since then, a slew of reports have come out, people are now saying, look, 415 to 420 is what we think. in fact, when you look at the analyst...
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Apr 26, 2024
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phil lebeau. >> you bet >> it's a big week for tesla in general. >> yeah, it feels like there's a tremendous amount of headwind. it feels as if they're in the same sort of spot where apple was with china, and then with our government picking on apple too, it seems like there was a whirlwind of just negativity about tesla. then you had ron baron on our network saying the stock has bottomed you brought up an important point. this doesn't really cost them to do an over the air the way a traditional recall would be. i think if they just have to harness that $28,000 vehicle and not just talk about robotaxi talk about real margins, talk about really having the bandwidth to produce those cars, the analysts are only looking at it as robotaxi, full self-driving there's other parts to this story. >> the low cost vehicle, julie is what analysts are geeked out about. it's not this talk about robotaxi which costs, i don't know what, we'll bring in i don't know what, and nobody can quantify that including tesla at this point but a low cost vehicle gets you into certain markets where it's not operating rig
phil lebeau. >> you bet >> it's a big week for tesla in general. >> yeah, it feels like there's a tremendous amount of headwind. it feels as if they're in the same sort of spot where apple was with china, and then with our government picking on apple too, it seems like there was a whirlwind of just negativity about tesla. then you had ron baron on our network saying the stock has bottomed you brought up an important point. this doesn't really cost them to do an over the air...
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Apr 30, 2024
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phil lebeau is going to wrap it all up for us an i be i will have questions on tesla at the ends, phil. >> sure. start off with these being european automakers but they own jeep and ram in the u.s., they're all global in some respect but start with stellantis. the story has been for much of the last six months you either cut price or volume. they've decided they're not cutting price so look what happened with delivery volumes in the first quarter, for stellantis, in total, down 9.6%. in europe down 6.8%. we should point out here in the u.s. deliveries up 5.9%. they also have affirmed their full-year earnings guidance but this was a revenue miss. take a look at shares of stellantis the inventory continues tobuild in certain regions around the world and that's going to be a focus for them. as a result you see shares -- q1 sales, these are nothing great to write home about. volkswagen down 4%, porsche down 7%, the audi brand down 11%. a number of one-time issues impacted their q1 results and as a result, the earnings were just shy of system. as you take a look at shares of volkswagen it d
phil lebeau is going to wrap it all up for us an i be i will have questions on tesla at the ends, phil. >> sure. start off with these being european automakers but they own jeep and ram in the u.s., they're all global in some respect but start with stellantis. the story has been for much of the last six months you either cut price or volume. they've decided they're not cutting price so look what happened with delivery volumes in the first quarter, for stellantis, in total, down 9.6%. in...
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Apr 23, 2024
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phil lebeau on tesla, kate rooney on visa. i will turn to you for a nice move at the end of the day. >> a bit of follow-through from yesterday. what you want to see after the semi washout of a few weeks of downside is the market response to these oversold conditions, the rally is broad and has been brought again for a second day. not lights out, but still pretty good. peak trough from the s&p, gained back about 100 of them. great as far as that goes, we still haven't gotten last week's highs. i know people are looking at this area in the 50s, 70s as a potential technical hurdle, but banks are doing very well so a lot of the clues you go on to say a lot of the stuff that was in an uptrend, got overdone on the downside on the pullback and is now being brought back. homebuilders are a good example of that. they are rallying today to three and half percent this week, still 9% off of the high. you are in a comfortable zone where it feels like a no brainer after two days up. we will see if it continues. >> critical 72 hour this now
phil lebeau on tesla, kate rooney on visa. i will turn to you for a nice move at the end of the day. >> a bit of follow-through from yesterday. what you want to see after the semi washout of a few weeks of downside is the market response to these oversold conditions, the rally is broad and has been brought again for a second day. not lights out, but still pretty good. peak trough from the s&p, gained back about 100 of them. great as far as that goes, we still haven't gotten last...
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Apr 25, 2024
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. >> our phil lebeau covered american earlier this morning. then there's southwest moving lower on their results phil is at southwest hq in dallas with a special guest. hey, phil. >> looking out on love field, bob jordan, thank you for joining us let's be honest. you miss on the top and the bottom line. ugly first quarter, and people are looking at your guidance and the cut and capacity investors are saying to themselves, when does southwest start to grow again? i feel like the ground continues to shift under us. >> well, we had a strong first quarter, despite the financial results. we had record operating revenues, record passengers, record rapid reward member adds, but we have a number of markets in the -- across our network that are just not performing, so we're taking action. we're further optimizing the network. we never like to close cities. we're closing four cities. we are cutting capacity in atlanta and chicago o'hare and restructuring other cities and taking other actions, and we're committed to doing this until we hit our financial
. >> our phil lebeau covered american earlier this morning. then there's southwest moving lower on their results phil is at southwest hq in dallas with a special guest. hey, phil. >> looking out on love field, bob jordan, thank you for joining us let's be honest. you miss on the top and the bottom line. ugly first quarter, and people are looking at your guidance and the cut and capacity investors are saying to themselves, when does southwest start to grow again? i feel like the...
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Apr 3, 2024
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let's get to phil lebeau. >> hey, carl. for the first quarter, ford sales, up 6.8% here in the united states. let's go within the numbers to look at some of the key segments that people are focused on. we're going to start with ev sales rising 86%. you could sit there and say, it's cominf a lower number base from last year, 86% is not that impressive. you look at the sales within that, mustang mach-e, now the third best selling vehicle in this country. huge quarter in terms of when they knocked down the prices. that boosted sales there. ford is now number three among automakers in the u.s. and then there are the hybrid sales, up 42%. i know we have been hitting this repeatedly, not just with ford but with other automakers. the ev market, red-hot. point of reference, guys? first quarter, evs, while ford was up 42%, the market overall, up 45%. that's hybrids. ev sales in the first quarter for the market overall up just 3%. you don't have to look hard in terms of seeing what people are buying right now. it is hybrids. hybrids
let's get to phil lebeau. >> hey, carl. for the first quarter, ford sales, up 6.8% here in the united states. let's go within the numbers to look at some of the key segments that people are focused on. we're going to start with ev sales rising 86%. you could sit there and say, it's cominf a lower number base from last year, 86% is not that impressive. you look at the sales within that, mustang mach-e, now the third best selling vehicle in this country. huge quarter in terms of when they...
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Apr 25, 2024
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phil lebeau has the numbers. hi, phil. >> this is a miss on the top and bottom line. in the first quarter for american airlines, a wider than expected loss of 34 cents a share. the street was expecting a loss of 29 cents a share. revenue just shy of estimates coming in at $12.57 billion. the metrics within the first quarter, operating margins 0.1%. free cash flow of $1.37 billion. and the passenger revenue per seat down 4.9% compared to first quarter of last year cost per seat mile excluding fuel, up 3.2%. now for the important part that a lot of people are focused on the guidance for the second quarter, eps guidance, 115 to 145 the street estimate is 118 for the second quarter q2 capacity up 7 to 9% for the full year 2024, eps guidance of 225 to 325 and i think that the consensus is somewhere in the 240 range. that's on the lower end. the midpoint is above the consensus and the free cash flow guide stands at $2 billion for the full year. that's a reiteration of what they said previously we will be talking exclusively with american airlines ceo robert isom coming up i
phil lebeau has the numbers. hi, phil. >> this is a miss on the top and bottom line. in the first quarter for american airlines, a wider than expected loss of 34 cents a share. the street was expecting a loss of 29 cents a share. revenue just shy of estimates coming in at $12.57 billion. the metrics within the first quarter, operating margins 0.1%. free cash flow of $1.37 billion. and the passenger revenue per seat down 4.9% compared to first quarter of last year cost per seat mile...
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Apr 18, 2024
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the ceo joins us now exclusively with our own phil lebeau hi, phil >> tyler, thank you very much. let's bring in ben minicucci from alaska's headquarters in seattle. i listened to your conference about an hour ago. you guys are extremely bullish about what the future holds. q1, especially what you saw with corporate travel growth, what's driving this right now >> thanks for having me, phil. it was a great q1, given -- tyler, you mentioned it, a third of our fleet was grounded for about a month. and still with that, we had record revenues, and if not for the max grounding, we would have been profitable. and phil, a lot of that had to do with the rebound of tech travel in q1 i've been on the show every quarter and talked about tech travel we have the biggest tech companies in the world, head quartered on the west coast. we sent saying that business travel is lagging on the west coast. well, it's starting to finally come back. so we saw, you know, revenues that are back to 100% of 2019 levels so we feel really good about the trends that we're seeing, and we're seeing those trends car
the ceo joins us now exclusively with our own phil lebeau hi, phil >> tyler, thank you very much. let's bring in ben minicucci from alaska's headquarters in seattle. i listened to your conference about an hour ago. you guys are extremely bullish about what the future holds. q1, especially what you saw with corporate travel growth, what's driving this right now >> thanks for having me, phil. it was a great q1, given -- tyler, you mentioned it, a third of our fleet was grounded for...
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Apr 23, 2024
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that's phil lebeau on a busy day for autos. wall street's take on this market as earnings season kicking into higher gear, goldman sachs chief u.s. equity strategist david kostin has kept the target of 5200 great to have you back. >> nice to see you again, carl. >> is the year playing out as you expected >> pretty much the market at a little over 5,000 would suggest maybe a couple percent appreciation from now until the end of the year, and the expectation is, what are we seeing now for the first quarter results? we're about 16% of the way through earnings season. we've seen thus far most of the companies, about 65% of the companies, have actually beat expectations on the bottom line and about a third have beat expectations on the top line that suggests to us is that companies are able and have been demonstrating the ability to kind of squeak over a little bit of margin, margin basically hold there until a little bit higher. something i heard last week in chicago, we had dinner with 20 ceos and discussion point about who was ab
that's phil lebeau on a busy day for autos. wall street's take on this market as earnings season kicking into higher gear, goldman sachs chief u.s. equity strategist david kostin has kept the target of 5200 great to have you back. >> nice to see you again, carl. >> is the year playing out as you expected >> pretty much the market at a little over 5,000 would suggest maybe a couple percent appreciation from now until the end of the year, and the expectation is, what are we...
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Apr 18, 2024
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lebeau will have more with the aldsaska air ceo at 1:00 p. >>> and we have more coming up on "worldwide exchange," including the one word investors need to know today and then micron air stock is popping. arjun kharpal is joining me here on set. >>> and sticking with chips. topping expectations for the recent quarter, but will the rising tide lift all boats >>> and the pension fund could be dealt a blow for the recent run-up we have a very busy hour when "worldwide exchange" returns stay with us tamra, izzy, and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours. my name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. now, i work at comcast as part of the team that created our ai highlights technology, which uses ai to detect the major plays in a sports game. giving millions of fans, like my dad and me, new ways of catching up on their favorite sport. >>> welcome back we hav
lebeau will have more with the aldsaska air ceo at 1:00 p. >>> and we have more coming up on "worldwide exchange," including the one word investors need to know today and then micron air stock is popping. arjun kharpal is joining me here on set. >>> and sticking with chips. topping expectations for the recent quarter, but will the rising tide lift all boats >>> and the pension fund could be dealt a blow for the recent run-up we have a very busy hour when...
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Apr 24, 2024
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phil lebeau is coming off a big interview with boeing's ceo. kate rooney is in san francisco joining us to talk visa. and bertha coombs is tracking biotech giants phil, starting with you on boeing >> you know, david, boeing shares moving higher as the campaign reported a massive loss for the first quarter. why is the stock high centre it wasn't as bad as many on wall street expected. they did lose $1.13 a share, street was expecting $1.76 revenue better than expected free cash flow, a lot of $3.9 billion but that was not as bad as many expected all of that contributing to the shares moving up 1% right now. the commercial airplanebusines is where the focus is, specifically 737 max production. revenue down 31% in the first quarter as deliveries and production dropped dramatically. deliveries, 83 in the first quarter of this year, compared to 130 last year they're working with the faa to come up with a new template, if you will, in terms of what's expected for quality control here's what dave calhoun had to say earlier today about where they are i
phil lebeau is coming off a big interview with boeing's ceo. kate rooney is in san francisco joining us to talk visa. and bertha coombs is tracking biotech giants phil, starting with you on boeing >> you know, david, boeing shares moving higher as the campaign reported a massive loss for the first quarter. why is the stock high centre it wasn't as bad as many on wall street expected. they did lose $1.13 a share, street was expecting $1.76 revenue better than expected free cash flow, a lot...
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Apr 29, 2024
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lebeau >>> to kristina, what does it look like here >> they got it below estimates, reflecting softer auto, as well as industrial end market and inventories. let exposed, because it made sure not to over shift it also has fewer shares it's exposure to china, given that it was nxp's biggest market, so watch out for any comments or slowdowns for that market evercore and lsi are both they would revise the model which could be a positive for shares should that happen >> thank you, kristina we'll see you in "overtime." >>> the a.i. chips get all the headlines. >> they are getting all the headlines, though i think people are alert for the turn chip space as well, just because it's been on the outs for a while what is fascinating, too, is the way the earnings reports are getting received, even when they're forgiving, even with meta, it's a decision to spend more their destiny is in their control. and so we'll see if that carries through some of the big guys like amazon, that's why we have a premium. we had a bump, i don't know, about 59 minutes ago we recovered, though we're going to go out
lebeau >>> to kristina, what does it look like here >> they got it below estimates, reflecting softer auto, as well as industrial end market and inventories. let exposed, because it made sure not to over shift it also has fewer shares it's exposure to china, given that it was nxp's biggest market, so watch out for any comments or slowdowns for that market evercore and lsi are both they would revise the model which could be a positive for shares should that happen >> thank...
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Apr 5, 2024
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let's get to phil lebeau on that. hey, phil. >> good morning, carl. good morning, jim. let's talk about used car prices, and that market, this is new data from cox automotive, looking at what they saw in march, and their term for the month, tepid. not anything great out there that has people saying, yes, i have to buy a used vehicle right now. we'll explain why in just a little bit. here are the numbers from cox automotive in terms of what they saw in march. overall pricing down 11.4% compared to the first quarter of last year, and remember, that first quarter of last year, we're still dealing with a big surge in inflation pricing within the used market. 3.1% increase versus february. they were expecting closer to 3.4% or 3.5% because the prices usually firm up in march as more people get into the market, and they are calling it tepid demand right now. take a looat carmax any overall and more a reflection of the supply of new vehicles that are out there as you take a look at dealership stocks. keep in mind that what you have is greater new vehicle supply coming into the
let's get to phil lebeau on that. hey, phil. >> good morning, carl. good morning, jim. let's talk about used car prices, and that market, this is new data from cox automotive, looking at what they saw in march, and their term for the month, tepid. not anything great out there that has people saying, yes, i have to buy a used vehicle right now. we'll explain why in just a little bit. here are the numbers from cox automotive in terms of what they saw in march. overall pricing down 11.4%...
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. >>> for much more on delta's quarter, be sure to catch phil lebeau's interview with delta ceo ed bastien. >>> also jack ma takes a very rare step out of the shadows with new comments to the delight of shareholders. we'll be right back with that and much more, stay with us. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >>> it's just after 5:30 a.m. in new york and 10:30 in london. stocks look to grind out gains as investors prepare for the biggest gain of the week. futures are higher ahead of the open. >>> ahe
. >>> for much more on delta's quarter, be sure to catch phil lebeau's interview with delta ceo ed bastien. >>> also jack ma takes a very rare step out of the shadows with new comments to the delight of shareholders. we'll be right back with that and much more, stay with us. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has...
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Apr 17, 2024
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let's go to our phil lebeau. he has more on what we can expect and what it will mean for the company. phil? >> david, that gentlemen sitting there in the red tie who just grabbed some papers there, that is the whistle-blower. he is the star witness, if you will, sam salapoor will be outlining his complaints today. we'll hear from him and others starting in about 15 minutes, i believe. let me give you a rundown of what we expect to happen during the course of this hearing, which will be conducted by a senate investigations committee. first of all, you'll hear from the whistle-blower, his warning about the stability or the safety of boeing aircraft, specifically 787 dreamliners. now, yesterday, he talked with "nightly news" and said, there are gaps in these planes. and he could, there could be structural integrity questions that develop. and these planes could break apart midflight. that's a pretty bombastic statement to make, given the fact that people, when you say a plane could fall out of the air, you're going
let's go to our phil lebeau. he has more on what we can expect and what it will mean for the company. phil? >> david, that gentlemen sitting there in the red tie who just grabbed some papers there, that is the whistle-blower. he is the star witness, if you will, sam salapoor will be outlining his complaints today. we'll hear from him and others starting in about 15 minutes, i believe. let me give you a rundown of what we expect to happen during the course of this hearing, which will be...
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lebeau joins us now to break down the results phil, what happened here in this report >> well, it's what they said in the indication of new models that are coming, more affordable-priced models that is exactly what the street wanted to hear the street didn't want to see what they saw for the first quarter you and let's go over those numbers. none of these numbers are good any way you look at it, this was an ugly quarter for tesla. earnings miss, 45 cents a share, the street was expecting 51 cents. revenue, down 9% year over year. the worst since 2012 it fell short of estimates coming in at $21.03 billion. operating margin of 5.5% negative free cash flow of $2.53 billion. yeah, it was ugly. any way you look at the first quarter. but then, tesla put out its future outlook, which is, you know, not always the clearest, but this time, they were pretty clear, saying they will accelerate new model launches including more affordable vehicles leave that to your interpretation whether or not you see one coming in at $25,000 or just more affordable than we see with the model 3 right now start
lebeau joins us now to break down the results phil, what happened here in this report >> well, it's what they said in the indication of new models that are coming, more affordable-priced models that is exactly what the street wanted to hear the street didn't want to see what they saw for the first quarter you and let's go over those numbers. none of these numbers are good any way you look at it, this was an ugly quarter for tesla. earnings miss, 45 cents a share, the street was expecting...
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Apr 22, 2024
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phil, a lot of big, open questions tomorrow. thank you for the setup. phil lebeau. after the break, the house passing legislation that could ban tiktok in the u.s. we'll head live to d.c. on what comes next. >>> a programming note as we head to break don't miss transportation secretary pete buttigieg has construction begins on a multimillion-dollar high-speed rail project from vegas to southern california. he wl iniljo us on "money movers" in the next hour. don't go away. pbz. >>> welcome back to "squawk on the street." morgan stanley trimming its target on apple from 220 down to 210 and expect apple to slightly top expectations in its earnings report forecasting revenue guidance for the quarter to come in below expectations. bofa does take the other side and calls apple a top pick for the year with a, quote, rich catalyst path. they see the stock going to 225 a share. >> let's turn to a developing story still in washington, d.c., the house passed a series of foreign aid bills set to send billions to israel, ukraine, taiwan and more but wedged into the package as we
phil, a lot of big, open questions tomorrow. thank you for the setup. phil lebeau. after the break, the house passing legislation that could ban tiktok in the u.s. we'll head live to d.c. on what comes next. >>> a programming note as we head to break don't miss transportation secretary pete buttigieg has construction begins on a multimillion-dollar high-speed rail project from vegas to southern california. he wl iniljo us on "money movers" in the next hour. don't go away....
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Apr 2, 2024
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. >> phil lebeau, thank you very much for breaking that down. >>> coming up, salesforce lower today, but up more than 14% this year. we'll talk with the ceo of ai division how they're expanding those capabilities. that's next. in production in south texas. energizing america with reliable and affordable uranium for nuclear energy fuel from our environmentally friendly extraction process. encore energy. are you keeping as much of your investment gains as possible? high taxes can erode returns quickly. at creative planning, your portfolio is managed in a tax-efficient manner. it's what you keep that really matters. book your free meeting today at creativeplanning.com. ♪ >>> equities still near session lows and we had san francisco fed president mary daly speaking in a fire side chat about the economy. let's get over to steve liesman with the headlines. steve? >> hey, deirdre. mary daly joining the chorus of fed folks being in no purry to cut rates. inflation is coming down, but it's bumpy and slow. there's no urgency to adjust the rate right now. three cuts she calls reasonable basel
. >> phil lebeau, thank you very much for breaking that down. >>> coming up, salesforce lower today, but up more than 14% this year. we'll talk with the ceo of ai division how they're expanding those capabilities. that's next. in production in south texas. energizing america with reliable and affordable uranium for nuclear energy fuel from our environmentally friendly extraction process. encore energy. are you keeping as much of your investment gains as possible? high taxes can...
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phil lebeau joins us now with the latest hi, phil >> courtney, just a few minutes ago, jim farley was asked about making money with electric vehicles we'll show you shortly, they did not do that in the first quarter. not a surprise, but he said, look, we're making progress, and it is the goal it has to stand on its own so, let's go first over the overall quarter for ford, as you mentioned, they did beat the street earning 49 cent as share the street was expecting 42. revenue just shy of expectations at $39.9 billion, the street was expecting just over $40 billion, so, a very slight miss there now, the three divisions, and this is how ford reports its business i.c.e. vehicles, 905 million is not a huge beat, profit that you would expect given the f-150, but remember, the f-150 is just launching, and they are dealing with that right now, so, you're not going to see a big profit jump there that will improve as the quarters go along, as volumes increase then, you look at the commercial vehicle business this is where they're killing it right now. the commercial vehicle business brought in
phil lebeau joins us now with the latest hi, phil >> courtney, just a few minutes ago, jim farley was asked about making money with electric vehicles we'll show you shortly, they did not do that in the first quarter. not a surprise, but he said, look, we're making progress, and it is the goal it has to stand on its own so, let's go first over the overall quarter for ford, as you mentioned, they did beat the street earning 49 cent as share the street was expecting 42. revenue just shy of...
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Apr 29, 2024
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reporting to us from beijing but let us turn to phil lebeau. how important is full self driving to the future of tesla? not much in china but in the united states and globally. it is huge, tyler. the holy grail within the auto industry has long been monthly subscriptions. the revenue that you can bring in every month. it is not just a one-time sale of the vehicle. it is how much you can get people to pay you month after month for a particular service. will self driving has whole potential in that area but we look at full self driving, even prices come down considerably from where was he or two ago, we are looking at the u.s. price. you can bite in full for $8000 or you can do a monthly subscription of $99 a month. the take rate is unclear. there has been some who have said, i think it is about 10% of the tesla customers who actually buy will self driving technology or do the subscription. we have never seen any disclosure from tesla. full self driving has been bought, according to the company. this was in a regulatory filing earlier this year b
reporting to us from beijing but let us turn to phil lebeau. how important is full self driving to the future of tesla? not much in china but in the united states and globally. it is huge, tyler. the holy grail within the auto industry has long been monthly subscriptions. the revenue that you can bring in every month. it is not just a one-time sale of the vehicle. it is how much you can get people to pay you month after month for a particular service. will self driving has whole potential in...
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Apr 2, 2024
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phil lebeau with the latest. has not been a good year to say the least. earnings for the current year. under three dollars per share. as much as the stock is underperformed, has not really gotten cheap. it's very difficult to know unless you want to talk about when it's oversold and have some support underneath. why we've turned around here. talking about 50 plus times. the jobs report later this week. the market watch the next couple of days leading into that. whether stocks can withstand the continued backup. >> at least a nuisance. the idea that the longer and is at the higher end of the range. we do have the market sort of position for a stronger economy. still think that the fed has got to find a way to cut in there. i do because they've told you that unless inflation doesn't cooperate, they are inclined to cut. just saying it's okay to cut because the economy is strong. sure. but they've told you. going to cooperate. >> if one big bell wasn't in the. there is a big one. >> rates rise and averages fall for a second straight day. almost down 2%. that'
phil lebeau with the latest. has not been a good year to say the least. earnings for the current year. under three dollars per share. as much as the stock is underperformed, has not really gotten cheap. it's very difficult to know unless you want to talk about when it's oversold and have some support underneath. why we've turned around here. talking about 50 plus times. the jobs report later this week. the market watch the next couple of days leading into that. whether stocks can withstand the...
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Apr 15, 2024
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lebeau has more on this hey, phil. >> hey, he limelissa. usually this is good for the stock, it gives it some support, moves higher not the case with tesla today. in part, because people are saying, is there something more than will happen here? 10% of the global work force is being let go they announced that in a memo today. that's approximately 14,000 of the workers, 140,000 work force globally right now the plan is to cut costs and increase productivity. in the email, elon musk said, there is nothing i hate more, but it must be done. this will enable us to be lean, innovative and hungry for the next growth phase cycle. the next growth phase, does it mean more deliveries you would think that it would. though there's plenty of debate about whether or not they even top last year's delivery total of 1.81 million vehicles remember, they were down 8.5% in the first quarter, compared to q-1 of 2023. as you look at shares of tesla, remember that we get the q-1 results after the bell on april 34 23rd there's another reason why the stock moved low
lebeau has more on this hey, phil. >> hey, he limelissa. usually this is good for the stock, it gives it some support, moves higher not the case with tesla today. in part, because people are saying, is there something more than will happen here? 10% of the global work force is being let go they announced that in a memo today. that's approximately 14,000 of the workers, 140,000 work force globally right now the plan is to cut costs and increase productivity. in the email, elon musk said,...
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lebeau joins us now with more on this key trip. there has been so much tesla news recently, phil. tell us the latest >> well, courtney, the importance of this is because china has been so important and so lucrative to tesla and it hasn't been able to get full self-driving subscription revenue from that market that could be changing here are the details of the deal that was announced by tesla in china over the last 24 hours it will expand its autonomous drive technology, the ability to use more of its technology there in that country, and it doesn't immediately mean the fsd rollout, but it does clear the path for that to happen. and we've been told by sources that baidu is the company providing some technical details to support tesla, including mapping, which is critical in that country you mentioned that china is tesla's second-largest market, a lot of people refer to it as the largest market, with 33% of its sales coming in that market, and it has long had very successful cop rations there, but the key here, you want that monthly
lebeau joins us now with more on this key trip. there has been so much tesla news recently, phil. tell us the latest >> well, courtney, the importance of this is because china has been so important and so lucrative to tesla and it hasn't been able to get full self-driving subscription revenue from that market that could be changing here are the details of the deal that was announced by tesla in china over the last 24 hours it will expand its autonomous drive technology, the ability to use...
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Apr 23, 2024
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i want to bring phil lebeau in with the numbers. phil. >> reporter: andrew, a beat on the top and bottom line by gm. we will talk about the guidance in a bit. the numbers. company reporting $2.62 per share profit. the street expecting 2$2.15. the highest estimate on the street was $2.53. gm earning $2.62. revenue coming in at $43 billion. the numbers within the numbers in the first quarter q1 margin of 9% against 9.5% last year. in north america, gm made $3.84 billion compared to $3.57 billion in the first quarter of last year. china has a loss given what we see with the auto market there. $1063 million in the first quarter. gm financial $737 million profit against $771 million in the first quarter last year. now for the raised guidance. significant. guide now goes up to $12.5 billion profit this year. previously, the company expecting to make between $12 billion and $14 billion. free cash flow to $8.5 billion. finally, the eps for the year is expected to come in between $9 and $10 a share. previously $8.50 to $9.50. huge beat on th
i want to bring phil lebeau in with the numbers. phil. >> reporter: andrew, a beat on the top and bottom line by gm. we will talk about the guidance in a bit. the numbers. company reporting $2.62 per share profit. the street expecting 2$2.15. the highest estimate on the street was $2.53. gm earning $2.62. revenue coming in at $43 billion. the numbers within the numbers in the first quarter q1 margin of 9% against 9.5% last year. in north america, gm made $3.84 billion compared to $3.57...
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phil lebeau. >> you bet. >> we asked the question the other night when we were talking about tesla, in the context of making decisions about the ev market, for seeing the drop in demand, or the softening demand for evs and we asked, who got it right? can we say now that ford got it right? >> well, it's still an internal combustion engine story. did they get it right? they're more right than they've been. i think they turned the corner. buff the question is in terms of the stock, what do you do here? the report on april 24th, the momentum is behind you now. there's a good chance you could sort of lef state up to the level we saw last july of about 15 bucks or so. and then, i think, all bets are off once earnings is released, but i think you ride the wave right now. >> i think there's a ton of momentum. and we've already seen it and we've seen ford underperform m by 30% over the last six months. it's just -- it's fascinating that we can be having a conversation, did ford get it right, when, in fact, we've -- we've brought them up over and over own the wlast, you know, many years, but eve
phil lebeau. >> you bet. >> we asked the question the other night when we were talking about tesla, in the context of making decisions about the ev market, for seeing the drop in demand, or the softening demand for evs and we asked, who got it right? can we say now that ford got it right? >> well, it's still an internal combustion engine story. did they get it right? they're more right than they've been. i think they turned the corner. buff the question is in terms of the...
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Apr 5, 2024
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pippa stevens on a big day in the oil and phil lebeau on tesla abandoning plans for a low cost model. >> you know, we're making it through, trying to shake it off. that's what the market has been up to as well. there's been more to think about this week. if you are really just relying on the fact this has been such an unflappable tape and nothing has managed to knock it off course. we do have bond yields making a move in response to good news on the economy. you do have oil holding the gains for the week. you had the first time the market did not hold, very, very short-term support. it's trying to regain it today. we're still hanging around this area around 5200 on the s&p. we first got to on fed day, march 20th. it's worth keeping in mind what we've been mostly doing for the past two or three weeks is pressing the upside. do we have the horses for that. can we basically justify we're going to ease into a great economy or do we have to more or less consider a little more ambiguous timing and reasons for what the fed might do. >> pippa, mike just talked about energy and the kind of wee
pippa stevens on a big day in the oil and phil lebeau on tesla abandoning plans for a low cost model. >> you know, we're making it through, trying to shake it off. that's what the market has been up to as well. there's been more to think about this week. if you are really just relying on the fact this has been such an unflappable tape and nothing has managed to knock it off course. we do have bond yields making a move in response to good news on the economy. you do have oil holding the...
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Apr 10, 2024
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phil lebeau joins us with a very special guest. good morning, phil. >> good morning, andrew. ed bastian, you beat the street by nine cents for the first quarter. revenue just a tad bit shy of expectations. but when you look at the first quarter, what stands out in terms of where the industry is right now, in terms of demand, booking trends as we head into spring and summer? >> well, phil, great to see you. by the way, i understand this week's your 25th anniversary. >> yes, it is. >> at cnbc. you're the best in the business. thank you for the great work you do on behalf of all of us in the industry. we had a great quarter. the team really delivered a solid set of results demand is strong. set another record. and if you look at the forward view, which i know you're going to ask me about, we had this calendar year already, 11th highest sales day in our history, just this year alone. the operational results have been excellent. the performance levels are not just back to prepandemic levels. we're ahead of prepandemic levels. we had the best first quarter reliability we have ever
phil lebeau joins us with a very special guest. good morning, phil. >> good morning, andrew. ed bastian, you beat the street by nine cents for the first quarter. revenue just a tad bit shy of expectations. but when you look at the first quarter, what stands out in terms of where the industry is right now, in terms of demand, booking trends as we head into spring and summer? >> well, phil, great to see you. by the way, i understand this week's your 25th anniversary. >> yes, it...
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phil lebeau joins us with more on that front. hi, phil. >> becky, ge aerospace becoming a stand-alone at the right time in terms of tailwinds. sorry, had to use that pun. all tailwinds behind the ire oh space industry right now. for ge aerospace services revenue climbing. order backlog continues to grow. a leader more profitable company. how much more profitable? 2024 $5 billion. free cash flow. just the start. the plan 70% of cash. a huge generating cash company. 70% going to investors in the form of stock buybacks or dividends and for larry, a chance to say, larry culp, we knew ge aviation was the crown jude of ge. now it's time to really push it into a higher gear. that's through a leaner, more profitable company. i spent part of last week as you look at shares of general electric. at the wing's club together talking what the next few years looked like. incredibly optimistic and believe the goal of a $10 billion operating profit by 2028 is more than realistic given where the industry is right now. bottom line, for a long time
phil lebeau joins us with more on that front. hi, phil. >> becky, ge aerospace becoming a stand-alone at the right time in terms of tailwinds. sorry, had to use that pun. all tailwinds behind the ire oh space industry right now. for ge aerospace services revenue climbing. order backlog continues to grow. a leader more profitable company. how much more profitable? 2024 $5 billion. free cash flow. just the start. the plan 70% of cash. a huge generating cash company. 70% going to investors...
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Apr 15, 2024
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phil lebeau has the news for us. phil. >> these are significant cuts that tesla is announcing. a memo sent out by elon musk outlining the company will be cutting more than 10% of its global staff andended last year with about 140,000 employees worldwide, so approximately 14,000 workers will be let go. in the memo sent out from elon musk he says there is nothing i hate more, but it must be done. this will enable us to be lean, innovative and hungry for the next growth phase cycle. take a look at their annual deliveries and remember the first quarter, that was the first time we saw tesla deliver a year over year decline in three years. it was down 8.5%. many believe that there is a possibility they will not hit last year's total of 1.81 million vehicles delivered, so as you take a look at shares of tesla over the last six months the next data point people will be focused on happens on april 23rd after the bell when the company reports its q1 results a and the focus is automotive gross margins and operating margins, both have come down over the last year and commentary from elon m
phil lebeau has the news for us. phil. >> these are significant cuts that tesla is announcing. a memo sent out by elon musk outlining the company will be cutting more than 10% of its global staff andended last year with about 140,000 employees worldwide, so approximately 14,000 workers will be let go. in the memo sent out from elon musk he says there is nothing i hate more, but it must be done. this will enable us to be lean, innovative and hungry for the next growth phase cycle. take a...
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that's our phil lebeau on tesla's disappointing q1 delivery. >>> the disney-mrepeltz proxy battle. ceos of ge will join us. we'll get to some of the m&a and oil services today. m ntnehethnserjimeiod al iurs when "squawk on the street" continues in a moment. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the
that's our phil lebeau on tesla's disappointing q1 delivery. >>> the disney-mrepeltz proxy battle. ceos of ge will join us. we'll get to some of the m&a and oil services today. m ntnehethnserjimeiod al iurs when "squawk on the street" continues in a moment. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and...
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. >> to phil lebeau with a news alert on united airlines. >> good morning. take a look at shares of united airlines and boeing. leslie from cnbc.com out with a report this morning that united has essentially some of the pilots have been told they will be taking an unspecified amount of unpaid leave time starting in may and then also potentially going into the summer time as the company will be receiving fewer aircraft than it originally planned and as a result, if you don't have as many planes because of the issues when it comes to boeing producing 737 maxes, you are not going to need as many pilots. remember last month the company was putting a pause on hiring new pilots because it has had to adjust its schedule in terms of receiving aircraft. it's taken the max 10, which was supposed to go into service this year, that's off the schedule now at united airlines, so again, united telling some of its pilots there will be unpaid leave coming up for a specified amount of time for certain pilots starting in may as the company adjusts to having fewer aircraft. guy
. >> to phil lebeau with a news alert on united airlines. >> good morning. take a look at shares of united airlines and boeing. leslie from cnbc.com out with a report this morning that united has essentially some of the pilots have been told they will be taking an unspecified amount of unpaid leave time starting in may and then also potentially going into the summer time as the company will be receiving fewer aircraft than it originally planned and as a result, if you don't have as...
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Apr 17, 2024
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want to get over to phil lebeau who's joined by the ceo. phil, nice to see you. >> good to see you, andrew. lots of questions for scott kirby. the first quarter, much better than expected. what happened that wall street failed to appreciate going into the earnings report. >> you know, i think united airlines was a good first quarter, lot of issues and challenges. but there's a structural change in the industry. you can see it. couple of airlines that are outperforming. united is one of them. picking up customers. we had great domestic performance. put all that together even with the challenges, we had a really good first quarter. >> but you're expecting better than expected profits in the second quarter relative to street estimates going into yesterday, this is coming as we go into the summer where you're going be fighting capacity limitations. how much is that limiting your ability to grow? >> yeah, so, you know, there's a lot of challenges in the industry, capacity limitation, it's pretty remarkable we started this year with deliveries. w
want to get over to phil lebeau who's joined by the ceo. phil, nice to see you. >> good to see you, andrew. lots of questions for scott kirby. the first quarter, much better than expected. what happened that wall street failed to appreciate going into the earnings report. >> you know, i think united airlines was a good first quarter, lot of issues and challenges. but there's a structural change in the industry. you can see it. couple of airlines that are outperforming. united is one...
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phil lebeau joins us now. hey, phil. >> hey, joe. we've got the q1 delivery numbers for rivian, roughly in line with expectations, with deliveries coming in at 13,588 vehicles. production just under 14,000 vehicles. as you take a look at shares of rivian, i don't think we'll see a big reaction to these numbers, because again, they're mostly in line with expectations. the company reaffirming its production plan for the full year. that's 57,000 vehicles that have plans to build. the big focus on wall street is going to be over the next few weeks, as the company begins to shut down some of its assembly lines, as it retools and gets things ready as they shift production in the third and the fourth quarter. and the electric delivery van, as they continue to increase production of those vans, most notably, those are the vans that go to amazon. may 7th is when they report their q1 results. again, rivian reporting q1 deliveries of 13,588 vehicles, roughly in line with expectations on wall street. guys, back to you. >> all right, phil. we're
phil lebeau joins us now. hey, phil. >> hey, joe. we've got the q1 delivery numbers for rivian, roughly in line with expectations, with deliveries coming in at 13,588 vehicles. production just under 14,000 vehicles. as you take a look at shares of rivian, i don't think we'll see a big reaction to these numbers, because again, they're mostly in line with expectations. the company reaffirming its production plan for the full year. that's 57,000 vehicles that have plans to build. the big...
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phil lebeau joins with us more this morning. phil? >> good morning, andrew. it is not changing anytime soon. we now see hybrids with more than 10% of the market share here in the united states. this is what we saw in the first quarter, according to motor intelligence, they get the numbers from every automaker, they crunch them by model, crunch them by thetype of power system, if you will, for the vehicle. look at that, evs now 7.1%. by the way, that's the same year over year. ice about the same. hybrid up to 10.5%. and when it comes to hybrids, who is the king of the hill? no question about it, it is toyota. hybrid sales for toyota first quarter versus first quarter of last year, up 76%. let me put this into some perspective for you. hybrid or toyota's totalsales, of their total sales, 36% of them had hybrid models. one out of every three vehicles going off a dealer lot for a toyota is a hybrid. so when you look at the leaders here, toyota's market share went from 41% in the first quarter of last year up to 51% in terms of hybrid sales here in the u.s. there
phil lebeau joins with us more this morning. phil? >> good morning, andrew. it is not changing anytime soon. we now see hybrids with more than 10% of the market share here in the united states. this is what we saw in the first quarter, according to motor intelligence, they get the numbers from every automaker, they crunch them by model, crunch them by thetype of power system, if you will, for the vehicle. look at that, evs now 7.1%. by the way, that's the same year over year. ice about...
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let's get over to phil lebeau with those numbers phil >> becky, this is a smaller than expected loss from boeing for the first quarter, losing $1.13, the street was expecting a loss of $1.76 revenue coming in better than expected but other than that, these are ugly numbers for first quarter not surprising given the situation with commercial airplane deliveries being dramatically lower free cash flow, negative $3.93 billion, operating margin 0.5%, negative 0.5%, negative 0.8% in the first quarter of last year commercial airplane division lost $1.14 billion, well above what they lost last year in the first quarter. the commercial airplane revenue found 31%, not a surprise, again, given the limited number of deliveries compared to last year boeing defense unit perhaps a small bright spot here, with a profit of $151 million there is no guidance for the rest of the 2024 and in terms of the long-term guidance it not in the earnings release, but we asked the company if they're standing by the target of $10 billion in free cash flow by late 2026. and the company says, yes, they have not pull
let's get over to phil lebeau with those numbers phil >> becky, this is a smaller than expected loss from boeing for the first quarter, losing $1.13, the street was expecting a loss of $1.76 revenue coming in better than expected but other than that, these are ugly numbers for first quarter not surprising given the situation with commercial airplane deliveries being dramatically lower free cash flow, negative $3.93 billion, operating margin 0.5%, negative 0.5%, negative 0.8% in the first...
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Apr 16, 2024
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phil lebeau joins us. >> tesla shares are where they were a year ago. it has been a heck of a roller coaster ride. the company announcing local layoffs much more than 10% of its staff here in the u.s. and china and other locations. that's approximately 14,000 workers. there are two key executives that announced yesterday, separate from the layoffs, they will be departing the company. when talking about it on x or posting about it on x, elon musk said every five years we need to reorganize and streamline the company ahead of growth. here's the challenge for tesla. when you look at the global deliveries. they had the first quarter to first quarter, many believe they will not hit 1.8 million even though the consensus right now remains a slight beat year over year at 1.94 million vehicles. you have the robo taxi question. the company said it will unveil the robo taxi on august 8th, and left unsaid on the post from elon musk, a, where it will be manufactured, and will we get true details about this as to when and where it will go into service. many said don'
phil lebeau joins us. >> tesla shares are where they were a year ago. it has been a heck of a roller coaster ride. the company announcing local layoffs much more than 10% of its staff here in the u.s. and china and other locations. that's approximately 14,000 workers. there are two key executives that announced yesterday, separate from the layoffs, they will be departing the company. when talking about it on x or posting about it on x, elon musk said every five years we need to reorganize...
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phil lebeau is here with more and what this could mean for other manufacturers. >> all dock it, becky and should be. the market has spoken in terms of ev adoption versus hybrid adoption. it's clear, the market, the consumer has said he want hybrids right now. ev is down the road. for now evs put on the back burner to a certain extent and why ford made the decision it's pushing back when it plans to roll out a couple of upcoming evs. from 2025 to 2026 for the electric pick-up and electric suv supposed to come in '25 now coming in '27. at the same time ford is saying they'll expand hybrid model production. and they should. hybrid sales up 42% in the first quarter. big move there. look at something like the maverick. the hybrid maverick was, went like gangbusters last quarter and they're taking advantage of people saying we want something that is slightly electric, not fully electric. by the way, ford has 8.4% of the hybrid market officially coming in at number five. in terms of ev sales, ford is third in the u.s. tesla still dominates the market with more than 50% market share. there yo
phil lebeau is here with more and what this could mean for other manufacturers. >> all dock it, becky and should be. the market has spoken in terms of ev adoption versus hybrid adoption. it's clear, the market, the consumer has said he want hybrids right now. ev is down the road. for now evs put on the back burner to a certain extent and why ford made the decision it's pushing back when it plans to roll out a couple of upcoming evs. from 2025 to 2026 for the electric pick-up and electric...