Bloomberg Market Wrap 10/23: Bitcoin Drops, Tesla, Freeport

The video discusses the sharp decline in Bitcoin prices, attributed to Facebook's Libra and regulatory concerns. It also covers Tesla's earnings, delivery numbers, and market strategies, focusing on gross margins and profitability. Lastly, it examines Freeport McMoran's production plans, cost strategies, and the impact of Peru protests on its operations.

What was the main reason for Bitcoin's sharp decline as discussed in the video?

• A sudden increase in mining costs

• A new competitor in the market

• A major security breach

• Facebook's Libra announcement

What delivery number did Tesla miss earlier this month?

• 360,000

• 95,000

• 400,000

• 100,000

What is the long-term gross margin target for Tesla according to analysts?

• 30%

• 18%

• 25%

• 14.5%

What percentage increase in gold production is Freeport McMoran aiming for?

• 30%

• 70%

• 50%

• 90%

What external factor has affected Freeport McMoran's sales forecasts?

• Increased mining costs

• A new competitor in the market

• Peru protests

• A decline in global copper prices