CNN political commentator Van Jones says the “validity of the constitutional system” is what’s at stake as the Supreme Court hears arguments challenging former President Donald Trump’s eligibility to appear on the 2024 presidential ballot.
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Baird financial services analyst Ben Kallo warned that Tesla CEO Elon Musk's political antics could be destroying the valuation of his company.
During a Monday morning report, CNBC host Carl Quintanilla offered investors bad news about Tesla's stock value.
"Tesla posing its 7th straight week of declines," he announced. "It's longest losing streak on record. Shares are now trading at their lowest level since the election. It is the worst performing stock in the S&P 500 so far this year."
Kallo explained why the company was struggling.
"It's going to continue to perpetuate the narrative of Musk destroying demand out there," he told Quintanilla.
"Yeah, well, is that just noise and just a narrative, or is that actually observably happening right here?" Quintanilla asked.
"Well, I think that, you know, when people's cars are in jeopardy of being keyed or, you know, set on fire out there, even people that support Musk or are indifferent to Musk might think twice about buying a Tesla," Kallo said. "But I do think that with the production ramp impacting deliveries, that's the bigger thing that will continue that narrative of demand at risk."
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"And so I think that we have at least a couple of months until we determine if he's attracting more buyers or losing more buyers, which I've seen the argument out there from my fellow analysts all over the place," he continued. "But there's a lot of uncertainty here."
"It's very plausible that demand is being destructed. I would say in Europe, even more plausible."
A longtime columnist is leaving the Washington Post after a clash with the newspaper's publisher over an op-ed she wrote criticizing owner Jeff Bezos' changes to the opinion pages.
Columnist and associate editor Ruth Marcus announced her departure Monday, saying she can no longer stay at the paper where she's worked for four decades after she said chief executive and publisher Will Lewis spiked her column that was critical of Bezos' mandate to the opinion section, reported NPR.
"Jeff's announcement that the opinion section will henceforth not publish views that deviate from the pillars of individual liberties and free markets threatens to break the trust of readers that columnists are writing what they believe, not what the owner has deemed acceptable," Marcus wrote in her resignation letter.
More than 75,000 digital subscribers canceled within 48 hours after Bezos imposed the changes last month, and opinions editor David Shipley stepped down over the order.
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"Will's decision to not … run the column that I wrote respectfully dissenting from Jeff's edict – something that I have not experienced in almost two decades of column-writing –underscores that the traditional freedom of columnists to select the topics they wish to address and say what they think has been dangerously eroded," Marcus wrote.
Bezos blocked the newspaper from endorsing Kamala Harris for president, which caused 300,000 digital subscribers to cancel within days, and the Amazon executive has moved closer to Donald Trump since the election.
"I love the Post," Marcus wrote in her resignation letter. "It breaks my heart to conclude that I must leave. I have the deepest affection and admiration for my colleagues and will miss them every day. And I wish you both the best as you steer this storied and critical institution through troubled times."
