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
Around the world, from riyadh to london to new york and washington. Bloomberg voices are on the ground with all of the mornings top stories. We want to start with breaking news out of london, where the labour party says it will support a general election. Boris johnson will try for the fourth time to secure election. Joining us now is emma chandra from london. What just happened . What is the lineup today . Emma we are seeing the pound off aftergher, paring spiking higher today. Saying they will now back in early general election, saying that conditions that a new deal brexit be off the table have been met. S is key because ivan the because even though the Prime Minister is asking for a general election again today, one that requires a smaller majority than yesterday, hed still needs some opposition support for that bill to pass. We understand there will be a vote on that later today. It would set the date of a new general election. The government saying that would be to summer 12th, b
Look at how we are doing on the sector picture. It looks fairly split. To theng of a bias downside. Materials and the Energy Business look in the red. We will look at the bp share price in a moment. Financials, industrials and health care mixed. No clear picture coming through. Many of these sectors look fairly mixed. Matt we see more stocks losing than winning. Down, 250 gaining right now. If you look at the moves to the upside, you see Louis Vuitton rising, only 0. 5 . Bp up 0. 4 after putting out earnings. You see a lot of metals and minors stocks to the upside. Hsbc down 0. 75 . , a lot ofvartis drugmakers and consumer staples, Household Goods coming down. Diageo also declining. Down about 0. 4 . Lets focus on the fed ahead of tomorrows fmoc meeting. A Third Straight rate cut is expected, but the focus will be guidance aspowells far as policy to come. Powell has said the economy is in good shape, but gdp growth is expected to slow further in the Third Quarter. Peterg us now is, Pet
Percentage point hang canning down and shanghai off by about. 9 active trading in europe now youll see red arrows across the board. Biggest decliner is the ftse 100. Look at whats been happening in the treasury the 10year is yielding is 1. 824 zben well above 1. 8 talk about pg e, saying its power lines may have started two wildfires over the weekend in the bay area the fires began in a section of town where the utility opted to keep the lights on another round of blackouts is expected to begin today as more strong winds move on shore the u. S. Is considering extending tariffs. Skapgss on nearly 1,000 products in september, they plan to exclude American Farm goods. Bowings ceo said that their company made mistakes and got some things wrong. We own that and are fixing that. Saying boeing employees felt pressured during the certification process. That hearing begins at 10 00 a. M. Eastern well watch closely and talk to two senators who will be questioning mullenburg lets talk shares of G
Outperforming. The Philadelphia Semiconductors index outperforming. This rally on trade optimism set to resume u. S. And china set to resume talks in october and strong Economic Data with jobs and services. We are seeing a rush out of safe haven assets. 2. 2 . Utures are down you can see the big like lower came one week after the Services Data around 10 00 this morning. Gold is trading around its lowest in two weeks and it is on pace for its worst day since june of 2018. Also selling off is another safety asset. U. S. Treasuries. You have the u. S. 10 year bond yields searching 11 basis points. A lot of selling and bonds. This is the biggest move upward in yields we have seen since january. Investors are selling bonds. That is helping financial stocks. Banks getting a boost from the higher yields. Also getting a booster the tech stocks, particularly the semiconductors. That on pace for the best day and a number of months. Individual stocks moving higher. Nvidia up 5. 5 , macron up 4. 5