All because of an announcement that it will cut 400 jobs from its marketing unit, one third of the Marketing Department globally. This happened according to an email from the ceo earlier today. Is also falling close to about 4 . The coo is leaving. Said theyders of lyft would not ira replacement ends not higher a replacement and instead delegate the responsibilities. Largely expected the fed will cut rates. Theres a 20 chance they could cut by 50. Lets look at a pretty interesting chart that goes back five years. In blue, the fed funds future yield. In white, the s p 500. Correlatedtwo were until this year with the feds pivot. We also see the fed funds future yield also possibly bottoming out which suggests jay powell has a delicate task ahead to keep both bond and stockholders happy. You see the big divergence there, that if yields were to should backup, it may take a bite out of the rally. Romaine beyond meet, one of the most popular companies, reporting earnings. It looks like it di
Away. That is slightly below for this time of year. Temperatures will be in the 90s for those in the interior. Livermore, gilroy, 70s and 80s around the bay, and over by the coast, 60s, except for the few down around santa cruz, which will be warmer. The high continues to bump in from the desert southwest. Its sending in moisture. The monsoon went from absolute nothing to something in 24 hours. Some of that made it into Southern California, creeping up the crest of the sierra. The fog is going to keep 60s there on the high side. 50 and 60s on the temps. Redwood city, 60. A little warmer. Overall, its a pattern where again, its a little above average through the interior. Its below near the coast. 60s, 70s, 80s, and 90s. Something new or what . A new crash on 880. Southbound 880 near tenison. Were going to show you the maps and show you where we are talking about. This is south of the san mateo bridge. Northbound 880, excuse me, an injury crash, some lanes have been blocked, but now the
Contributor to americas lawyer is standing by to dig into the details of the drug making deal with the past show to this lets go and dive right in. The continuing and increasingly consequential effects of a trade war between the u. S. And china on chinese tech manufacturer why way lead our global report today the shenzhen based smartphone giant announced monday they are ready ng for a 40 to 60 percent decline in International Smartphone shipments as they face falling sales and a serious and perhaps crippling supply challenge the company has been reeling after it was placed on an entity list by the United States which bars them from being able to procure components from american suppliers while we sustain a 40 percent fall in International Smartphone sales in may compared to the month before while hes president and founder ranging fe spoke about the situation on monday cutting the companys expected revenue by nearly 20000000000. 00 saying quote we estimate will reduce production by 3000
Monday cutting the companys expected revenue by nearly 20000000000. 00 saying quote we estimate will reduce production by 30000000000 dollars this year and the next our revenues will be around 100000000000. 00 while way had previously planned for revenue of 120000000000. 00 in 2019 up from 104200000000. 00 in 28. 00. And signs of weakness in the jet in chinese economy that many or it should be doing in part to the lingering trade fight with the United States seem to be driving the slip and Oil Prices Oil prices fell by about one percent on monday on reports of the growth rate of chinas industrial output falling to a 17 year low growing just 5 percent year over year in may concerns about chinese growth appeared to have exerted enough downward pressure on prices to roughly cancel out the upward push late last week in the wake of the apparent attack on 2 oil tankers in the gulf of oman west texas intermediate futures rose by about one percent on friday while brant futures were up by about
This is boom bust broadcasting around the globe and covering the world of business and finance the impact and the impact upon us all im daniel brito in washington heres a look at whats on deck today while prices are in choppy waters with invent some forces pulling prices in either direction in recent days they must lamo think markets is on hand in london to drill through the market prospects for black gold last swine fever continues to spread this time reaching another nation in africa while it continues to roil markets around the world fred kaufman author of bet the farm joins us to sort through the swine situation and later big pharma is back in the headlines of major drug giant pfizer has carried out yet another takeover barrows contributor to americas lawyer is standing by to dig into the details of the drug making deal with the pack show to this lets go and dive right in. The continuing and increasingly consequential effects of a trade war between the u. S. And china on chinese te