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Bibi1581 Blog For 05/05/2018: Morning Edition

1…………> “Sell Your Tesla Stock”: Elon Musk

“We have no interest in satisfying the desires of day traders. I couldn’t care less. Please sell our stock and don’t buy it,” those were the encouraging remarks by Tesla CEO Elon Musk in a conference call with investors,

that was followed by shares slump of 5.6% to $285.45, shaving almost $US3 billion off company’s market value.

It was also his refusal to answer “boring” Wall Street questions about Tesla’s first-quarter earnings which sent the electric vehicle maker’s shares down as much as 7 percent earlier in the day, and an opinion by Wall Street analysts that the company may run out of cash around Christmas.

Mr. Musk was also asked about Tesla’s capital requirements and its nagging problem of failing to meet car-production targets.

“Boring questions are not cool,” he answered.


2…………> Down The Aisle: Meghan Markle

Meghan Markle’s father will walk her down the aisle for her wedding to Prince Harry, and the Kensington palace also confirmed that Ms. Markle’s mother, Doria Ragland, will stay with her daughter the night before the wedding and travel with her by car to St George’s Chapel in Windsor.

Following tradition, the bride and groom-to-be will not spend the night together before the wedding and the first time he sees her on the big day is when she is walking down the aisle.

“Both of the bride’s parents will have important roles in the wedding. Ms. Markle is delighted to have her parents by her side on this important and happy occasion,”




3…………> Anger From Below: Mt. Kilauea


Fresh eruptions sent fountains of lava 100ft out of the ground on Hawaii’s Big Island, destroying several homes amid fissures on three streets and deadly levels of dangerous sulfur dioxide gas in the air.

A number of increasingly strong earthquakes rocked the area after the eruption, with the US Geological Survey (USGS) reporting a 6.9 magnitude quake south-east of the volcano.



4…………> In Support Of NRA: Trump

“They don’t have guns. They have knives and instead, there is blood all over the floors of the hospital”, that is how President Trump described a hospital in London, where firearms are illegal but violence still erupts as criminals turn to knives.

“Your Second Amendment rights are under siege but they will never ever be under siege as long as I am your president. We cannot get complacent. We have to win the mid-terms,” Trump said at the National Rifles Association (NRA) annual meeting in the convention center in Dallas.

Gun control “diehards” accused Trump of bending backward to the NRA instead of working to curb gun violence.

“It’s the job of the president to ensure our public safety, but Trump takes his marching orders from the NRA,” Gabby Giffords, the former Arizona congresswoman who was badly wounded in a shooting, said in a statement. “Trump has ignored the pleas of young people demanding safer gun laws.”


5…………> “Argentina De Banana”: 40% Rates

Argentina’s central bank performed a series of money market operations that raised rates to 40% from 33.25%, all intended to help stabilize the national currency and prevent a repeat of its 2001-2 economic crisis that left its population in poverty.

The peso jumped more than 5 percent against the US dollar following Friday’s announcement, having sunk nearly 8 percent the previous day.

Inflation is currently running at 25.4 %, and most analysts expect the headline figure to remain close to 20 percent. Investors say with one of the world’s highest inflation rates, Argentina is particularly vulnerable to investment losses.

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