Nintendo is in need of a power up
Stocks (^DJI, ^GSPC, ^IXIC) are mixed, as investors wait for more major earnings to come out. Keith Bliss, of Cuttone and Company, joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer, Digital Risk co-founder Jeff Taylor and Yahoo Finance’s Jeanie Ahn.
Nintendo’s huge loss
Nintendo desperately needs a power up after a bad first quarter. Sales for the company were down 31% from the year before. To make matters worse, Nintendo reported a loss of at least $230 million. What does Nintendo blame the results on?
Big moment for Tesla
Tesla is going all in. The car manufacturer has officially opened the doors to its $5 billion Gigafactory. Tesla says the factory will be producing 35 gigawatt hours of lithium ion batteries by 2018. Does Tesla face any competition with such a huge investment?
Unable to afford rent
Almost 25% of US renters spend more on housing than they can afford. To address the issue, the US would need to add more than 7 million affordable apartments to meet demand from low-income renters. How much would the government need to contribute to make it possible for developers to build affordable housing?
