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. Promised her Boris Johnson announced the first carefu
Under 27,000 and christmas in july, were already now a couple of hours into amazons annual prime day or days. The key take aways that you need to be watching on this monday, july 15th, as Worldwide Exchange begins right now the boys are back in town i said the boys are back in town good morning, good afternoon, good evening, and welcome. I am brian sullivan, and it is nice to be back with you, especially since it looks like more record highs for stocks today. Futures are not up a lot, 23 points on the dow, they are in the green nonetheless, all the major average are coming off record highs the s p 500 trying for its 11th record close of 2019 the bond market, though, i mean, its reacting a little bit yields have backed up a bit, but not much around the world right now, a similar trend that we are seeing in the european markets were seeing mostly green on the screen, not a lot. Slight gains here, france down well call it flat asia, japan is closed today. Dont look for a nikkei trade. Rea
, journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Caroline im Caroline Hyde from london, in for emily chang. This is Bloomberg Technology. Coming up, a change in ownership. We will analyze a u. S. Rivals deal. Plus, alibaba enters the ring as the fight to dominate the Smart Speaker market intensifies. How it stacks up against its rivals. Prepareseslas model3 to hit the road, a speed bump for the electric car giant. While teslas sales shifted down a gear. First, a massive deal in the Digital Payments ace payment space. This comes after j. P. Morgan showed interest, but ultimately backed away from the takeover offer. They hope to gain greater exposure to ecommerce retailers and Small Businesses through the acquisition. For more, we are joined by bloombergs editor at large, cory johnson. With me for the hour as guest host is Martin Mignot. Now, i want to kick off with cory first. Give us the background of this deal. B
Members. Profittaking could be a motive and remember oil rallied 27 in april. Drug prices are under fire on capitol hill. As you well know, glak glak sews an dry witty will be talking. Jackie deangelus has a story from us from the nymex. Good afternoon. Closing under 45 dlp a barnlts. You mentioned opec. Thats certainly the big story today. Analysts sur vaved expected to see opecs production going up from march. Traders tell me theyre not surprised by that at all. If we do see some sort of a freeze or accord, of course, these producers want to freeze at record levels so they can continue to pup its economic for them. Whats going to influence oil within the next month or so, certainly supply. The dollar weve been discussing all day as well. Thats another piece of it. The dollar index is support ivg of crude prices. It could take us higher, especially if the dove continues to be. I know youve watched the gas prices closely. Theyre going up. Consumers are expecting to hit the road. Theres
Things. Week to date they are fine. 0. 4 is the loss for the week i think. Crude oil, there it is. Right around that 57 level. The tenyear note yield, down from recent highs. Our road map starts with deals. Avago buying broadcom. Mixed Quarterly Results and outlook from costco and abercrombie and fitch. Amazon announcing free sameday delivery for some prime members if your order is large enough. Its not free. Lets start off with a large deal. Avago agreed to buy broadcom. The deal expected to close in the First Quarter of the 2016 calendar year. After that happens, the combined company will take on the name broadcom. And be led by avago ceo. He is too busy to join us this morning. He is very aggressive apparently. Dont know him. If you could get nick on. Have i met him . No. Hes one of the few i have not met in this group. I met pretty much everybody else. Youve been talking about broadcom for quite some time. I can tell you 18 months ago they talked to intel. Last october they talked