Me, it was a real pandemic overlay. This is serious stuff. You can bring it right over to the urgency in washington on the stimulus, where yesterday, just as everyone pretty, there was a panic, and maybe they jumpstarted those talks. Francine yes. Just so you know, the subscription model is actually that you buy for disney , and you dont have to buy each time. We will have the experts on that. Lebanon was, already on its knees. This will just push it further into difficult territory. Lets get straight to the bloomberg first word news in new york city. Heres ritika gupta. Ritika the pictures are incredibly intense. That explosion at a warehouse in beirut was felt miles away, and field hospitals with casualties. Reports are at least 100 were killed and some 4000 injured. Almosts government says 3000 tons of Ammonium Nitrate was stored in the building, but they are not saying whether the blast was caused by an accident or an attack. The white house and democrats are trying to strike a dea
News from california yesterday and have been. ,olatility is a little elevated and we have got a really negative u. K. Two year yield. We were below japan a little bit early on. Slightly better retail numbers, but i have to say a bleak forecast coming out of the obra. Even the medium one i do not think it was positive. What are we going to be talking about . We will be talking commodities. We will chat oil and a little bit of copper and gold. Francisco blanch will be joining us a little bit on a little bit later on, and he is the head of the Global Commodities research at the bank of america. His dash cam weighing in on those commodities commodities. Fargo, citibank and jp morgan with jp morgan the outperform or. What stood out to you. It was something that one of our guests said earlier, validating the thesis that the strong get stronger, banks like jp morgan can use their skill to build up the dominance. In terms of how the shares are performing it is a mix. Jp morgan all the loan gai
It looks like into the weekend. This is the biggest fog bank in recent memory. A big surge on the low cloud deck. That tells you we are in a stratis cool pattern. 60s and 70s and 80s inland. Onshore breeze for just about everybody from the Golden Gate Bridge all the way out to the delta. Thats a big fog bank. Temperatures near average. It is 7 01 a. M. Are we okay out there . We had an earlier accident at ashby avenue. There was a crash in berkeley at ashby. We can see traffic will be slow here. A 30 minute delay about 10 minutes more than usual. The accident has been cleared. You can definitely tell it is causing a delay. People did not show up at the same rate. They were stuck behind the backup. As a result it is lighter. This might actually get a little bit busier as the morning wears on. We will see what happens in the next hour. Lets get back to the headlines. Lets get you updated on breaking news out of San Francisco. A power outage is affecting about 4000 customers in the lower
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
Were in the boeing milestones of flight hall at the center of the museum. And this is the hall where we display the pioneering aircraft and spacecraft that transform the modern world. When this Museum Opened in july of 1976, almost every space artifact on display had recently been in the news. This was very much a museum of contemporary space flight. And it was for most people their first chance to see what had been lauded in the 1960s and early 1970s during this heroic age of Space Exploration when humans first ventured off the planet into space and all the way to the moon, when the United States and the soviet union began sending craft out to explore the nearby planets. All of this was exciting, thrilling, and people just flocked in to the museum to see it. In the 40 years since this building opened, we have continued to acquire treasures of space history. We have now about 17,000 artifacts related to space history. We have just over a thousand of them on display in our two locations