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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

All of that leading to a stronger dollar and weaker commodities like oil. Under armour out with earnings as well. Lets get right to it. Their adjusted loss coming in 0. 34 a share, almost double what we had been expected. Net revenue for the First Quarter coming in at 930 million. That also came in light. They see a significant decline in revenue since midmarch, so no surprise there. Marriott coming out with their numbers as well. As you can tell, it is going to be bad. Marriott international looks at first court or revenue coming in of 4. 68 billion, a decline 6. 6 year on year. A really ugly number. They say they had liquidity about 4. 3 billion as of may 8, so obviously sustainability and solvency these kind of companies , especially hospitality, as well as airlines, really front and center. All of this really winds up depending on when the world can reopen. Lets get to all of our market movie news from new york. In london, u. K ....

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BLOOMBERG Bloomberg Surveillance July 13, 2024

Talking about what he sees happening in the economy. Tom it is an extra ordinary hour, folks, particularly looking at the fabric of europe and the european model. The disinflation dynamics has dramatically rolled over in the last 48 hours, clearly somewhat off the german ruling. There is no question about that. You see it expressed right now with ever stronger yen versus euro. Disinflation wins, just extraordinary. Yeah, on the u. K. , and i would mention the chancellor yesterday suggested it would end sooner rather than later because people become addicted to it. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is wrapping up his push to reopen the country. He says americans should begin returning to their everyday lives even if that leads to more sickness and death from the pandemic. The president spoke in phoenix. Made the announcement with the task force. Toll. K. Coronavirus de ....

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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financ ....

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BLOOMBERG Bloomberg Surveillance July 13, 2024

Tragedy, and germany leading on trying some way to get back to normal. Francine germany is a good test, but if you look at the number of lockdowns and when it happened, various countries also have very different patterns. They are similar in some ways but depending on when you started the lockdown you will have a Different Number of infected. I have been looking at mathematic modeling and out of europe, the u. K. Comes up with the moats most deaths. We look to germany to see if there is a solution. Some setbacks, singapore having a tough go of it. The United States, you looked at , andectors of the pandemic massachusetts and california having a tough number of days. Right now, we need a news briefing. Viviana the u. S. House could vote on the pandemic measure as early as tomorrow. The Senate Passing a 484 billion releas ....

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BLOOMBERG Bloomberg Technology July 13, 2024

States, and even some states already taking measures, minnesota and texas, to ease restrictions. What thisget a lay of meanings for the tech economy. Joining us now, our own tom giles, our editor in san francisco. The president is planning a phasing reopening of the economy but this depends on what governors want to do. For states like california and washington, what does that mean . The thing that you have to remember about the Big Tech Companies in those two states is that in terms of keeping operations going, in terms of employees showing up to work, getting, working on their projects, delivering software weve seen companies in these states have been performing fairly well. Engineer working at google, if you are in the main office at amazon, those people are able to do their jobs by and large from home. There hasnt been the same kind of disruption. As you get into the physical space with the people who are in amazon warehou ....

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