Skip to main content

We are so close to the weekend.

And after today's market madness, we're going to need it.

All four indexes were down when I interviewed Jim Cramer on the floor of the New York Stock Exchange this morning and then the market plummeted in the afternoon.


I can't promise to block out the bad stuff in the top stories from today, but I can at least distract you. 

General Motors versus Tesla

TheStreet contributor Bret Kenwell breaks it down. 

There are component makers that allow autonomous driving to become a reality, like Nvidia (NVDA - Get Report) and Intel (INTC - Get Report) . There are mobility as a service (MaaS) platforms like Alphabet's (GOOG - Get Report) (GOOGL - Get Report) Waymo and General Motors' (GM - Get Report) Cruise. Then there are the cars intended for consumer purchase.

"According to a recent study by Consumer Reports, they found that GM's Super Cruise program performed better than Tesla's (TSLA) - Get Tesla Inc Report Autopilot," Kenwell wrote. "The formal study from Consumer Reports come as "we are at a tipping point where they are now going mainstream," according to Jake Fisher, director of auto testing. Aside from Tesla and GM, the study also interestingly included Nissan's ProPilot Assist and Volvo's Pilot Assist, which came in third and fourth place, respectively."

Consumer Reports notes that Tesla's Autopilot was very easy to use and had plenty of capability, but said that GM's Super Cruise did "the best job of balancing high-tech capabilities with ensuring the car is operated safely and the driver is paying attention."

TheStreet Recommends

C'mon Tesla, sounds like it's time to step up your game.

Don't Blame the Nasdaq, Blame These Guys

Tesla (TSLA) - Get Tesla Inc Report , Facebook (FB) - Get Facebook, Inc. Class A Report , Amazon (AMZN) - Get, Inc. Report and Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report are leading the losing pack on Thursday.

Or so TheStreet's Tony Owusu reported.

The major U.S. equities were tanking Thursday, Oct. 4, after a bond selloff sent 10-year benchmark U.S. Treasury yields rising more than 3%.

The Nasdaq dropped 2.05% to 7,861, while the Dow Jones Industrial Average and S&P 500 both fell more than 1% on the day.

Amazon and Facebook are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.

Amazon Slashes Monthly Bonuses

After announcing that it was raising the minimum wage to $15 an hour for U.S. workers, Amazon also announced that it was cutting monthly bonuses and stock awards for warehouse workers and other hourly employees, Owusu reported. 

Compensation packages aren't the only thing changing for Amazon employees, however. Starting Nov. 19, the company will require its courier companies to electronically track and record employee hours using "time and attendance tracking" software that will be provided by payroll company Automatic Data Processing Inc.

Alright, that's a wrap for today. Time for a nap, eh?

Want to Buy $1 Worth of Stock for 90 Cents or Less? You can with certain so-called "closed end" mutual funds - an often overlooked investment class. Click here to register for a free online video in which TheStreet's retirement expert Robert Powell and an all-star panel tell you all you need to know.