TheStreet’s Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Monday, April 29.
Related: Tesla shares surge as Elon Musk returns from China with FSD ‘Game Changer’
Full Video Transcript Below
Caroline Woods: I’m Caroline Woods reporting from the New York Stock Exchange – here’s what we’re watching on TheStreet today.
Stocks finished last week on a high note, with the Dow, Nasdaq, and S&P 500 all finishing Friday in the green. Wall Street is looking ahead to another big week of earnings. Names like Amazon (AMZN) , Uber (UBER) , CVS Health (CVS) , and Apple (AAPL) are all slated to report later this week.
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Investors are also looking ahead to the Federal Reserve’s two-day policy meeting kicking off April 30th. Analysts are widely expecting the central bank to hold interest rates steady for the sixth straight meeting.
In other news – China announced it would be removing restrictions on Tesla’s electric vehicles after the company passed data security requirements. The news is a likely precursor to Tesla’s Full Self Driving becoming available in the country.
Full self driving is an upgrade to Tesla’s autopilot feature – and while it’s been offered in china for several years, it has come with limitations. But now the Elon Musk-led company could be allowed to unleash the full version.
Tesla has also allegedly struck a deal with China’s Baidu, which would allow Tesla to use its mapping and navigation technology. Baidu’s mapping service license would be needed in order to fully roll out the Full Self Driving feature.
Tesla and China’s BYD have been jostling for the title of world’s best-selling EV maker – with Tesla reclaiming the top spot earlier in April.
That’ll do it for your daily briefing – from the New York Stock Exchange, I’m Caroline Woods with TheStreet.
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