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
To hit florida in 11 years. Residents are told to expect more than a foot of rain and possible tornados with the system. People have homes near the water and theyre not taking any chances. And sandbags, you know, trying to get everything ready. Tied down and things moved. Vehicles out. And i mean its no joke. No joke and it can be pretty serious down here. And now, the question is how will the storm affect our area as we head into a long Holiday Weekend . Meteorologisted to bernstei Howard Bernstein has more. Reporter were up in the air as to what is going to happen here. I think the areas toward the beach east of the bay, much more likely to have the rain and the wind saturday and sunday. Monday may still be salvageable. Heres the latest on hermine. There is the center of circulation that is stronger. 65 Miles Per Hour winds now but the strong outer bands offshore, this is appalachia cola and this is tampa. Its this ar and this is tampa. Theyre going to get the storm surge, a secondar
Lets get Stephen Engle invasion. What are they saying this time . It is coming in below the previous month for october. This is the services pmi which includes banking, telecommunications, and property, coming in at 53. 8. The previous month was 54. Me extrapolate this out previous month, 54. 4. This is the weakest since january. 52. 8 for the services pmi. Obviously the property weakness is hurting the sentiment in this sector, despite the fact that authorities on a nationwide level have relaxed some of the property curbs. It is going to take some time to filter in. Another sign of continued slowing pace of growth for the chinese economy. Also manufacturing pmi out today in about 45 minutes. What are we expecting . This is the hsbc and the market surveys. I want to make one more note on the services pmi. 53. 8 is still an extension. Anything above 50 is an expansion. The number is decreasing, the lowest number since january. On saturday, manufacturing, we got the number for the offici