Morning Brief: Tesla unveils Model Y electric SUV

Friday, March 15, 2019

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WHAT TO WATCH

Investors will get a peek into the U.S. consumer’s outlook on the economy before market open. The University of Michigan will be releasing its index reading for the month of March. Economists polled by Bloomberg are expecting a reading of 95.5, up from 93.8 in February.

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TOP NEWS

Tesla's Model Y is displayed at Tesla's design studio Thursday, March 14, 2019, in Hawthorne, Calif. The Model Y may be Tesla's most important product yet as it attempts to expand into the mainstream and generate enough cash to repay massive debts that threaten to topple the Palo Alto, California, company. (AP Photo/Jae C. Hong)

Tesla unveils Model Y: Tesla Inc. (TSLA) unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European carmakers rolling out their own electric rivals. [Reuters]

SEC sues VW and its ex-CEO over defrauding investors: The U.S. Securities and Exchange Commission (SEC) has charged one of the world’s largest carmakers, Volkswagen (VOW.DE), and its former CEO Martin Winterkorn for defrauding bond investors during the 2015 emissions scandal — dubbed “dieselgate.” [Yahoo Finance UK]

How Trump's 'wall' could actually be built after his 'VETO!': On Thursday, 12 Republican senators voted against President Donald Trump to overturn the national emergency declaration, with Mitt Romney (R-Utah) and Marco Rubio (R-Fla.) among them. Trump responded to the vote with a single-word tweet: "VETO!" The Senate would need a total of 67 votes to overturn a veto, which is unlikely, meaning that Trump could move forward with the national emergency — for now at least. [Yahoo Finance]

Boeing halts deliveries of Max 737 jets: Boeing Co. (BA) confirmed suspension of deliveries of 737 MAX aircraft on Thursday but continues to produce its single-aisle jets at full speed while dealing with the worldwide 737 MAX fleet's grounding following a deadly Ethiopian Airlines crash. [Reuters]

More on Boeing

Facebook, YouTube blindsided by mosque shooter's video: Social media platforms including Facebook Inc. are facing harsher scrutiny after a shooter accused of killing 40 people in two mosques in New Zealand appeared to livestream the murders over the internet. [Bloomberg]

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