Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Amy Morris. Here are the
Speaker 2: stories we're following today.
Speaker 3: We begin this morning with the latest in the twenty
Speaker 3: twenty four presidential race. On this morning, after the New
Speaker 3: Hampshire primary and another big night for Donald Trump, with
Speaker 3: ninety one percent of the votes counted, The former president
Speaker 3: won the Granite state with fifty four point eight percent
Speaker 3: of the vote to Nikki Haley's forty three point two percent.
Speaker 3: But Haley is vowing to press on.
Speaker 4: Now you've all heard the chatter among the political class.
Speaker 4: They're falling all over themselves saying this race is over. Well,
Speaker 4: I have news for all of them. New Hampshire is
Speaker 4: first in the nation. It is not the last in
Speaker 4: the nation.
Speaker 3: Nikki Haley gave her concession speech shortly after the polls closed,
Speaker 3: but Trump didn't see it as a concession.
Speaker 5: This is not your typical victory speech. But let's not
Speaker 5: have somebody take a victory when she had a very
Speaker 5: bad night.
Speaker 3: She had a very bad night. Now, former President Donald
Speaker 3: Trump is now looking ahead to a general election, telling
Speaker 3: his supporters if they don't win in November, quote, I
Speaker 3: think the country is finished.
Speaker 2: But the next major contest in the Republican race is
Speaker 2: in Nicki Haley's home state of South Carolina. Bloomberg Political
Speaker 2: contributor Rick Davis says things could get ugly.
Speaker 3: If she doesn't get out.
Speaker 6: She will face the most brutal assault on her campaign
Speaker 6: in South Carolina that you'll ever see. All of MAGA
Speaker 6: will descend upon that state and they will brook nothing
Speaker 6: for her in this regard. So we've already seen how
Speaker 6: he plays, and he plays hardball.
Speaker 2: Bloomberg Politics contributor Rick Davis says Haley trails Trump in
Speaker 2: South Carolina by about thirty percentage points in the Real
Speaker 2: Clear Politics average. As for the Democrats New Hampshire primary,
Speaker 2: President Biden won that pretty easily, even though he wasn't
Speaker 2: even on the ballot. He fended off a challenge from
Speaker 2: Minnesota Congressman Dean Phillips with a write in campaign with
Speaker 2: eighty nine percent of the vote count and the President
Speaker 2: took fifty one ze point four percent of the vote.
Speaker 2: Phillips is a distant second with nineteen point eight percent.
Speaker 3: Now let's get to the latest developments in the Middle East.
Speaker 3: Amy US forces have carried out air strikes against in
Speaker 3: Iran backed militia in Iraq. That's after the group attacked
Speaker 3: an air base where US troops are stationed. Meanwhile, the
Speaker 3: Wall Street journals reporting Hamas has told international mediators it's
Speaker 3: open to discussing a deal to release some of the
Speaker 3: kidnapped Israelis. It's holding hostage in exchange for a significant
Speaker 3: pause in fighting.
Speaker 2: Bill Ackman and his wife have made their first major
Speaker 2: investment in Israel since the war with Hamas began. The
Speaker 2: couple is buying a five percent stake in the Tel
Speaker 2: Aviv Stock Exchange for about seventeen million dollars. Ackman has
Speaker 2: been a vocal critic against the rise in anti Semitism
Speaker 2: since the war.
Speaker 3: And back here in the Usamy, the CEO of Alaska
Speaker 3: air says he is disappointed and angry with the standard
Speaker 3: of Boeing's quality control. The planemaker's facing deep scrutiny from
Speaker 3: regulators and customers after the midair blowout of a door
Speaker 3: panel on an Alaska Airline's flight. In an exclusive interview
Speaker 3: with NBC, en Minicucci said the company's found many more
Speaker 3: loose bolts since then.
Speaker 7: We found some loose bolts on many of our max lines.
Speaker 7: It makes you mad. Common makes you mad that we're
Speaker 7: finding issues like that on brandwaar planes.
Speaker 3: Alaska Air CEO Ben Minicucci's comments come after United Airlines
Speaker 3: CEO Scott Kirby said he's dropping Boeing's Max ten jet
Speaker 3: from the airline's internal plan. The carrier hasn't canceled its order,
Speaker 3: but says it's no longer counting on the largest seven
Speaker 3: thirty seven Max model as part of its fleet. In
Speaker 3: a statement, Boeing says, quote, we are taking action on
Speaker 3: a comprehensive plan to bring these airplanes safely back to service.
Speaker 2: Turning to the markets now, futures are higher following another
Speaker 2: record close for US stocks. Also helping boost stocks around
Speaker 2: the world China's latest move to stimulate its economy, the
Speaker 2: People's Bank of China said it would cut the reserve
Speaker 2: requirement ratio for banks.
Speaker 3: He's also getting a boost from Netflix after earnings. That
Speaker 3: stock is up ten percent in early trading. Streaming giants
Speaker 3: saw it's fastest growth in subscriber numbers since the pandemic,
Speaker 3: signing up thirteen point one million viewers in the last
Speaker 3: three months of twenty twenty three. Co CEO Ted Sarandos
Speaker 3: is helping to boost ad revenue further.
Speaker 8: Live event programming is something we've talked about for quite
Speaker 8: a while, and this has been in the works, so
Speaker 8: used to look at this as fits inside of our
Speaker 8: seventeen million dollar programming spend. Now I would not look
Speaker 8: at this as a signal of any other change or
Speaker 8: any change to our sports strategy.
Speaker 3: In Those comments from Ted Surandos came after Netflix announced
Speaker 3: a ten year deal to offer live programming from World
Speaker 3: Wrestling Entertainments starting next year. The platform strong performances in
Speaker 3: contrast to many competitors. They're operating shrinking cable networks and
Speaker 3: unprofitable streaming services, and on.
Speaker 2: The flip side, shares of Texas Instruments are down more
Speaker 2: than three percent in early trading. The chip maker gave
Speaker 2: a disappointing quarterly forecast, indicating that a slump in demand
Speaker 2: for industrial and automotive electronic components is dragging on.
Speaker 3: Elsewhere in the text, doctor Amy eBay is cutting about
Speaker 3: one thousand jobs, and we get more on that from
Speaker 3: Bloomberg's Doug Prisner.
Speaker 9: eBay says staffing and expenses have outpaced growth and the
Speaker 9: company needs to be more nimble in the face of
Speaker 9: a challenging economic environment. More broadly, eBay says it's implementing
Speaker 9: organizational changes to align and consolidate certain teams to improve
Speaker 9: the end to end experience.
Speaker 10: Now.
Speaker 9: The job cuts equate to nine percent of eBay's full
Speaker 9: time workforce. The company also intends to reduce work for
Speaker 9: outside contractors. This is the second round of job cuts
Speaker 9: at eBay in a year.
Speaker 5: In New York.
Speaker 9: I'm Doug Prisoner, Bloomberg Radio.
Speaker 2: All right, thank you, Doug. German software company SAP says
Speaker 2: it's planning a restructuring that will affect about eight thousand jobs.
Speaker 2: It's planning to increase its focus on artificial intelligence. That
Speaker 2: stock up almost seven percent. This morning, Tom Now for
Speaker 2: a look at some of the other stories making news
Speaker 2: around the world, and for that we are joined by
Speaker 2: Bloomberg's Johnt Locker.
Speaker 11: Good morning, Johnny, and good morning Amy Worth. This morning,
Speaker 11: that a Russian transport plane has crashed near Ukraine. Russia's
Speaker 11: Defense ministry says it carried sixty five Ukrainian prisoners of war.
Speaker 11: It's not immediately clear what caused the crash. Also not
Speaker 11: known if anybody survived. Ukraine is marking the seven hundredth
Speaker 11: day since the full scale invasion by Krumlin forces started.
Speaker 11: White House officials say they are actively engaged in negotiating
Speaker 11: another ceasefire between Israel and Hamas that story from Bloomberg's
Speaker 11: Nancy lyons.
Speaker 12: The idea is to pause the fighting so there would
Speaker 12: be safe passage for the remaining hostages to return home.
Speaker 12: National Security Council spokesman John Kirby says the US would
Speaker 12: support a longer cease fire that would.
Speaker 5: Give us the opportunity to get hostages out and get
Speaker 5: more aid in.
Speaker 6: We would absolutely support humanitarian pause of a longer length
Speaker 6: than the week that we were able to accomplish.
Speaker 12: Absolutely, we would, Kirby says. The White House Mid East
Speaker 12: and North Africa Coordinator Brett mcgoer is in the region
Speaker 12: right now, engaged in talks in Washington. Nancy lyons Bloomberg Radio.
Speaker 11: President Biden Advice President Kamala Harris focused on reproductive rights
Speaker 11: at a rally in Manassa's, Virginia yesterday. Here's President Biden
Speaker 11: during his remarks.
Speaker 12: As long as I have power of the presidency, know this,
Speaker 12: if conquerors are to pass a national abortion bent, I
Speaker 12: will veto it.
Speaker 11: Democrats recently took control of the legislature in Virginia and
Speaker 11: a proposed to enshrine abortion protections in the state constitution. Apple,
Speaker 11: reaching a bank or break point in its decade old
Speaker 11: effort to build a car, has now pivoted to a
Speaker 11: less ambitious design, and were previously envisioning a truly driverless car.
Speaker 11: The company is now working on an evy with more
Speaker 11: limited features. With the latest changes, the company looks to
Speaker 11: introduce the car in twenty twenty eight at the earliest.
Speaker 11: And Donald Trump's expected testimony in Ejene Carroll's defamation trial
Speaker 11: against him has been delayed for a third time. This
Speaker 11: comes after a juror fell Ill and the former president's
Speaker 11: legal team reported COVID exposures at a recent dinner. US
Speaker 11: District Judge Louis Kaplan issued a brief order saying the
Speaker 11: trial won't take place in Manhattan today as planned. Global
Speaker 11: News twenty four homers a day and whenever you want
Speaker 11: it with Bloomberg News. Now, I'm John Tucker, and this
Speaker 11: he is Bloomberg Amy.
Speaker 2: All right, thank you, John, and we bring you news
Speaker 2: throughout the day here on Bloomberg Radio. But now you
Speaker 2: can get the latest news on demand whenever you want it.
Speaker 2: Subscribe to Bloomberg News Now to get the latest headlines
Speaker 2: at the click of a button. Get informed on your schedule.
Speaker 2: You can listen and subscribe to Bloomberg News Now on
Speaker 2: the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,
Speaker 2: and anywhere else you get your podcasts. Time now for
Speaker 2: our Bloomberg Sports Update, and for that we bring in
Speaker 2: John stash hour Amy.
Speaker 13: The day began with the Milwaukee Bucks with a record
Speaker 13: of thirty and thirteen, tied for the second best in
Speaker 13: the NBA, and then the Bucks shockingly fired their coach,
Speaker 13: Adrian Griffin, who was in his first year on the job.
Speaker 13: Assistant Joe Prunt he take it over on an interim basis.
Speaker 13: But Turner Sports reported last night that the new coach
Speaker 13: of the Bucks will beat Doc Rivers. It'll be the
Speaker 13: fifth different team that Rivers has coached in the NBA.
Speaker 13: Knicks game from ten down and beat the Nets. Nicks
Speaker 13: for ten and two since they made that big trade
Speaker 13: with Toronto, Nets have lost eleven of the last thirteen.
Speaker 13: Denver got thirty one points, a triple double from Nicola
Speaker 13: jokicch and a win at Indiana New Orleans shot fifty
Speaker 13: eight percent outscored UTAH one fifty three to one. Twenty four.
Speaker 13: The Lakers played without Lebron James, fell back under five hundred,
Speaker 13: losing in LA to the Clippers. Capitol's lost at Minnesota
Speaker 13: five to three. Danil Medvedev won a five set match
Speaker 13: over Poland's Hubert Herkis. Medvedev into the semifinals at the
Speaker 13: Australian Open has expected. Adrian Beltre cruised into the Baseball
Speaker 13: Hall of Fame in his first year on the ballot.
Speaker 13: A twenty one year career with five teams, mostly with
Speaker 13: Texas great hitter and a terrific fielding third baseman. Joe
Speaker 13: Mauer also makes it in his first year on the ballot.
Speaker 13: A three time batting champion, spent his entire career with Minnesota.
Speaker 13: Todd heldon that of three sixteen career average his entire
Speaker 13: career spent with Colorado helped invade it as well. The
Speaker 13: Las Vegas Raiders have named Tom Telesco their new general manager,
Speaker 13: had just been recently fired by the Chargers. John Stashyt
Speaker 13: were Bloomberg.
Speaker 5: Sports from coast to coast, from New York to San Francisco, Boston,
Speaker 5: to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business app,
Speaker 5: and Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 11: Good morning.
Speaker 3: I'm Nathan Hager. Donald Trump is a step closer to
Speaker 3: clinching the Republican presidential nomination after a decisive win in
Speaker 3: the first in the nation New Hampshire primary, and now
Speaker 3: the former president is looking past Nicky Haley to the
Speaker 3: general election.
Speaker 13: We have no choice if we don't win, I think
Speaker 13: our country has finished.
Speaker 14: I do I believe if our.
Speaker 13: Country is finished.
Speaker 3: Former President gave his victory speech last night, but Nicki
Speaker 3: Haley is vowing to press on to her home state
Speaker 3: of South Carolina, where the contest could get even tougher.
Speaker 3: Let's check in first with New Hampshire. Joining us once again.
Speaker 3: From Manchester is Bloomberg News Politics reporter Laura Davison. Laura,
Speaker 3: they called this race pretty early. Did the vote just
Speaker 3: pretty much break Trump's way all the way?
Speaker 14: Yeah?
Speaker 10: They called it, you know, basically as soon as they could,
Speaker 10: as after all the polls in the state closed, and
Speaker 10: in looking at the data that came in, you know,
Speaker 10: Trump just led by a margin that was big enough
Speaker 10: that they felt comfortable calling it, and as the results
Speaker 10: continued to roll in all night, that held Nicky Haley
Speaker 10: needed to either win or come really really close. You know,
Speaker 10: someone compared it to as she needed to be within
Speaker 10: three points within a field goal of Donald Trump, and
Speaker 10: that just never happened. She was, you know, behind him.
Speaker 10: You know, they're still finalizing some of the data, but
Speaker 10: she was. You know, it's a you know, somewhere between
Speaker 10: eight nine percent trailing Donald Trump. And it's just not
Speaker 10: what she needed to be able to prove to voters
Speaker 10: in South Carolina and beyond that she has what it
Speaker 10: takes to be able to beat the former president.
Speaker 3: What happened to that moderate and independent vote that some
Speaker 3: analysts were saying might break Nikki Haley's way last night?
Speaker 10: So she got a lot of that, but not enough
Speaker 10: to count. The thing that is tricky about that moderate
Speaker 10: and independent vote in New Hampshire is that they're they're
Speaker 10: notoriously hard to pull. You know that if you're an
Speaker 10: independent in New Hampshire, you can go in and decide
Speaker 10: whether you want to vote in a Republican or a
Speaker 10: Democratic race. You know, we did see way way more
Speaker 10: interest in the Republican race last night, That is where
Speaker 10: the action was. But there was also a little bit
Speaker 10: of drama on the Democratic side and that you didn't
Speaker 10: have Joe Biden on the ballot and said you had
Speaker 10: Dean Phillips who was sort of a Biden challenger. So
Speaker 10: that didn't help her in having some moderates and Democrats
Speaker 10: who were either maybe interested in Phillips or you know,
Speaker 10: wanted to make sure that that Joe Biden was in
Speaker 10: fact the Democratic nominee.
Speaker 3: In terms of the turnout, what was the level of turnout?
Speaker 3: What does that tell us about how the race could
Speaker 3: go from here as we move on to other primaries
Speaker 3: starting next month.
Speaker 10: So there was a decent turnout, pretty big turnout last night.
Speaker 10: The issue going forward is that the race gets less
Speaker 10: interesting from here, so we're probably likely to see turnout
Speaker 10: really dip going into South Carolina. You know, unless the
Speaker 10: fundamentals of this race change. There's a whole month until
Speaker 10: South Carolina votes. But right now, Nikki Haley is still
Speaker 10: in the race. She's vowing to stay in. She has
Speaker 10: the money and end up backing to do so, but
Speaker 10: not necessarily the political votes there. You know, going into
Speaker 10: South Carolina, she's thirty points behind Trump. Even this is
Speaker 10: her home state, So that's not a good sign for
Speaker 10: her that she doesn't you know, that she isn't more
Speaker 10: competitive at a state where she theoretically could be.
Speaker 3: And that is the message that the former governor projected
Speaker 3: in her concession speech, which she gave before former President
Speaker 3: Trump's victory speech. But what's the messaging behind the scenes.
Speaker 3: Is it matching what Haley's telling her supporters on the stump.
Speaker 10: Yeah, this is really an interesting place. Most candidates wouldn't
Speaker 10: be able to do what Nikki Haley has done here.
Speaker 10: But because she has raised so much money, she had
Speaker 10: so much interest from Wall Street, she has the cocal
Speaker 10: lined American prosperity behind her as well as another wealth
Speaker 10: funded super pac. She can continue to fight even though
Speaker 10: you know, she didn't have the showing that she wanted.
Speaker 10: You know, we saw Ron Santez didn't perform as well
Speaker 10: in Iowa and was out of the race a couple
Speaker 10: days later. You know, Hailey, you know, has the ability
Speaker 10: to stay in. The question is will she you know,
Speaker 10: what are her future political goals. Does she want to
Speaker 10: sort of go on this quick prodic journey or you know,
Speaker 10: in a week or two, will she decide, hey, this
Speaker 10: isn't worth it. I either want to try to run
Speaker 10: again in twenty twenty eight or maybe try to make
Speaker 10: nice with Trump. You know, the Trump last night and
Speaker 10: it took a lot of jobs at her, really indicating
Speaker 10: that he is not happy with her and that there
Speaker 10: is a lot of bad blood there.
Speaker 3: And I guess there is a question as well about
Speaker 3: whether that donor base is going to stay with Nicki
Speaker 3: Haley if it seems like they're getting diminishing returns on
Speaker 3: their investment. What are you hearing when it comes to
Speaker 3: the donor class about whether they can continue supporting Nicki
Speaker 3: Haley's run.
Speaker 4: Yeah.
Speaker 10: So the one thing, she has a lot of money
Speaker 10: in the bank already, so she can continue to take
Speaker 10: that donor money and continues to funnel it into our campaign.
Speaker 10: But raising new money at this point is going to
Speaker 10: be very difficult. She does have the Americans for a Prosperity,
Speaker 10: that Coke political network that is behind her, and they
Speaker 10: said last night they're going to continue to spend money
Speaker 10: into South Carolina, you know, on advertising it and going
Speaker 10: ahead and talking to voters, you know, door knocking efforts.
Speaker 10: But it's going to be a difficult sell on to
Speaker 10: bring in new donors as well as you know, for
Speaker 10: some of these bigger super PACs that are that are
Speaker 10: well funded to say, you know, why should they be
Speaker 10: spending tens of billions of dollars when there is a
Speaker 10: big election coming up with all sorts of races that
Speaker 10: these groups are also going to be endorsing and funding.
Speaker 3: I wanted to talk to you about the Democratic race
Speaker 3: as well. President Biden was forced to run a rite
Speaker 3: in campaign but ran away with it pretty handily. Does
Speaker 3: that put the prospect of a primary challenge or even
Speaker 3: a third party bid from Minnesota Congressman Dean Phillips to bed.
Speaker 10: You know, Phillips can do a lot of what he
Speaker 10: wants to do here, but you know, for him to
Speaker 10: get interest and really take fire, it was clear that
Speaker 10: he didn't do that in New Hampshire and it's going
Speaker 10: to be even harder for him to do that going forward.
Speaker 3: Laura Davison back with us from Manchester, New Hampshire, part
Speaker 3: of our team of political correspondence covering the Republican and
Speaker 3: Democratic primaries in this twenty twenty four race. Laura, thanks
Speaker 3: again for being with us as always, But now we
Speaker 3: want to turn to the major market moving story of
Speaker 3: the morning. That would be earnings from Netflix, the streaming giant,
Speaker 3: blue past Wall Street expectations for subscriber growth for its
Speaker 3: best quarter since the early days of the pandemic when
Speaker 3: many of us were locked down watching Netflix. So let's
Speaker 3: get more on these results. Were joined by Bloomberg's Alex Webb,
Speaker 3: who's all read in on the tech sector. Is this
Speaker 3: all about that lower priced ad tier and crackdown on
Speaker 3: passwords that's behind these blowout numbers?
Speaker 10: Alex, I think that's.
Speaker 14: That's certainly two of the three pillars. Right. So the
Speaker 14: market was looking for post nine million new subs, Netflix
Speaker 14: posted thirteen million. I'm you know good, sort of fifty
Speaker 14: percent beat. The crackdown on passwords is certainly a big factor.
Speaker 14: They have now got twenty three million advertising subscribers, which
Speaker 14: is a bit less than ten percent, but still making
Speaker 14: a difference around the edges. But don't underestimate the importance
Speaker 14: of good quality content. They've had a few decent size
Speaker 14: hits shows such as Leave the World Behind and documentary
Speaker 14: series about the and I will say football player the
Speaker 14: footballer David.
Speaker 3: Beckham of soccer for our US audience, right, exactly.
Speaker 14: Yeah, so level content is very much the third teller
Speaker 14: of that success.
Speaker 3: Yeah so, I guess the question is sustainability. I mean,
Speaker 3: we well, before we get to that, let's talk about
Speaker 3: the new content that's going to be coming next year.
Speaker 3: Live entertainment in the form of wrestling. Interesting to see
Speaker 3: that move when we've got a lot of other streaming
Speaker 3: services offering Major League soccer, baseball football. What kind of
Speaker 3: a move does bringing world wrestling entertainment into the fold
Speaker 3: make for Netflix in that competition?
Speaker 14: It is a fascinating play because, of course it's not
Speaker 14: quite sports, you know that. I don't want to doubt
Speaker 14: for a second the athleticism of the of the participants,
Speaker 14: but a lot of it is scripted, and it's They've
Speaker 14: made a few sort of tense to plays in the
Speaker 14: live events space, not with mixed success. This seems to
Speaker 14: be partly about supporting the advertising business, right, because one
Speaker 14: of the few places that ads continue to be quite
Speaker 14: quite successful is in live events. Right. You have a
Speaker 14: captive audience, you know they're there. That's why even as
Speaker 14: audiences drop off for things like the Super Bowl, you
Speaker 14: still see ad prices continue to increase. So having that
Speaker 14: supports that business. It's you know, a way of potentially
Speaker 14: bringing in, of course, a new audience to Netflix. The
Speaker 14: hope being you're getting through the front door to watch this,
Speaker 14: and then they might see some of the other content
Speaker 14: you have and stick around. So there are a lot
Speaker 14: of ways why this might make sense. It's clearly a
Speaker 14: substantial amount of money they're going to be paying. It's
Speaker 14: five billion dollars over the course of ten years. Clearly,
Speaker 14: the proof of the pudding will be if they then
Speaker 14: expand it to other sports and go into sports proper
Speaker 14: because they think this thing is successful.
Speaker 3: I'd suggests Alex that advertising, the ad revenue, is going
Speaker 3: to be the main growth driver for Netflix, and that's
Speaker 3: going to be the focus for them as opposed to
Speaker 3: growing subscribers just in and of itself.
Speaker 14: No, I don't think so. You know, they're going to
Speaker 14: be pushing on all fronts, right they were saying and
Speaker 14: the earnings called yesterday that they still see hundreds of
Speaker 14: millions of households around the world that haven't subscribed to Netflix.
Speaker 14: Advertising may be one way of getting them on board,
Speaker 14: particularly in some of the more price sensitive markets, and
Speaker 14: thinking about places such as India where there's a huge potential,
Speaker 14: but not necessarily as much willingness to pay, you know,
Speaker 14: north of ten dollars or equivalent north of ten dollars
Speaker 14: for a sub. So that's place where advertising stuff might help.
Speaker 14: There are plenty of other markets all around the world
Speaker 14: where you could make the case that Netflix remains underpenetrated.
Speaker 3: The time we have left, I got to get your
Speaker 3: take on Tesla earnings coming up after the bell today.
Speaker 3: A lot of expectation about how Tesla is reacting this
Speaker 3: time of higher interest rates and a more squeeze consumer.
Speaker 14: Yeah, it's fascinating what's been going on at Tesla, because
Speaker 14: of course that he had such an early lead in
Speaker 14: the electric vehicle space, but others are now starting to
Speaker 14: wake up. And of course they lost the crown of
Speaker 14: being the world's biggest maker of ebs to the Chinese
Speaker 14: company byd Bida, of course massively successful, not least in
Speaker 14: its home market where Tesla isn't quite as big. The
Speaker 14: Tesla has been discounting significantly in order to get it's
Speaker 14: demand up. The fascinating insight today will be if there's
Speaker 14: anything on their outlook for the rest of the year.
Speaker 14: They delivered one point eight million cars last year. The
Speaker 14: market's looking for about two point one two point two
Speaker 14: million this coming year. Any color on that will be
Speaker 14: a number that is very closely watched black Vestors.
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