Also in this playlist...
This transcript is automatically generated
That's right that's -- -- detailing how the devastating earthquake will affect the company's annual result.
Have a great in our newsroom with the details Robert not such great news front and honest -- it.
Yeah absolutely a bumpy road so to speak for -- -- investors ahead Diane they are gonna see.
About a third less profit for the fiscal year then they did a you're good to three point seven billion dollars.
Below the average estimate from analysts always the bottom line being hit but they're gonna lose their title as the world's largest auto maker and they work.
Just to take that away from General Motors in the past -- years GM looks to take it back from them.
Not only that but way to -- -- all the way to number three behind Volkswagen as well.
Now since this nine point oh magnitude earthquake rocked northeastern Japan back on March 11.
To -- other Japanese auto -- struggling to cut output at home and abroad struggling to get vital parts we've heard all about the supply chain.
-- -- automotive industry but certainly in the electronics industries as well -- the ensuing nuclear disaster power shortages throughout Japan.
Also struggling to secure.
Compounding their problems -- really.
Other had a 52% drop in profit during the first quarter of this year they have delayed giving this full -- outlook until now they -- out a little more visibility Diane.
But they do Rossi in trouble ahead in least initially here -- -- -- production ramp back up there eighty yards as you see have been struggling down about 5%.
I've -- some march this 5% year to date on Diane and in fact they're down just about 1% in premarket trading.
If for Toyota's there -- bring it back over to the US where farmers across the country are getting hit by bad weather and many rely on government subsidies to make ends meet.
But other subsidies growing out of control actually Webster's honest I.
New Jersey with more Ashley I read it shouldn't should we expect cutbacks here.
Well it's a good question Dianne and as -- cause we know the federal budget deficit is running into the trillions -- more people are asking the question.
Should we be paying out the tax -- has -- paying out billions and billions of dollars every year.
-- farmers because keep this in mind farm income is up 20% this year.
And some of these -- that are receiving federal subsidies I think while up to 750000.
Dollars a year so obviously the questions off.
Do farmers deserve these subsidies while many of the subsidies go to the loss from operations not a small and mid -- -- And because this was saying continued -- -- calls in congress.
To stops to scaling back some of these subsidies in the form of certainly of direct payments.
Republican Chuck Grassley -- violent Democrat Tim Johnson's South Dakota say the limit the income limit should be 250750.
Thousands -- for the rest of the day we'll be looking at these issues.
And asking the question Diane do farms get too much money from a tax plan.
Filter by section