Up well also talk about another big worry for the market mastercart cutting revenue, thats a 5 drop whirlpool, as mike santoli just mentioned, on a guidance cut, as consumer cut back on more expensive items. Mattel and hasbro also reporting. Meta results and koumt tear are weighings on that stock. Steve kovach joins us to break it all down. Meta shares falling today, on idea that the company has at the beginning of this quarter after the war between israel and hamas broke out earlier this month. That caused meta to issue a wider than normal revenue guidance range, due to that uncertainly. Meantime, that Metaverse Division continues to lose gobs of money meta says the real question is, around where meta fits into the a. I. Space. To support other a. I. Products the midpoint of its Spending Outlook is below wall street estimates, guys. So, the market is reacting negatively to this was this report as disturbing as the market seems to make it . No, because the advertising business is boomi
Ahead of the open. Cloud sales growth accelerates the company also aims for spending more on a. I shares of starbucks under pressure theyre down after a decline in samestore sales it also slashed its forecast were going to be joined exclusive by starbucks ceo just a few minutes from now lets begin this new month for markets after ending a rough april with that selloff. Worst day since january 31st worst month since september 23. Some of it was because theres a belief that really, this happened in the last few hours yesterday that if the fed chief is asked the question, do you think that the next move should be increasing rates or decreasing rates, it puts him in a horrible bind . H what is he going to say . This was literally the narrative i heard yesterday as Interest Rates ticked up. You know that people are going to try to trap the chairman, but hes not easily trapped. No, hes not. Although youre not necessarily in favor of the press conferences, as i recall no, because these people
Firm darktrace in a deal worth 5. 3 billion and airbus slides after the plane maker posts a miss after ramping up production in a bid to extend its lead over boeing if you look at our order intake for q1, which was 170 units. Half of that from the a350. That momentum we see to continue good morning happy friday yesterday, i was telling you we have about 300 Companies Reporting across the european continent. Today, you might be thinking is it a quieter day not really we have 100 Companies Reporting, but investors are monitoring data from the United States as well as the meeting from the bank of japan. With that context in mind, i want to take you to the stoxx 600 and how it is trading at the moment we have the benchmark in europe trading higher by. 6 . The index closed down. 7 yesterday. I want to take you to the boards because we have seen an interesting picture when it comes to the ftse 100. Today, we have the benchmark here in the uk trading higher by almost. 5 the index has been tra
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Powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is up next. Cory im cory johnson in for emily chang, and this is lumber Technology Bloomberg technology. After massive gains, can be tech continue its run . And President Trump resizes amazon on twitter. Should the tech giant be worried. And more from our best conversations of the year with candid discussions with c palmer and meg whitman. The sector outperforming the broader market, breaking records , up nearly 30 for the year i did not see the final numbers,. Pretty dam close to that it was a really amazing year. Just across the markets, i think. You have been investing in tech as long as i have known you. What a run. David it was a good run, but it. As a nasty close today in the scheme of things, i think what really distinguished tech was that growth was scarce and secular growth stories, as characterized by corey you mean topline growth in technology . David i mean