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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

Number for the company. Quarterly sales were down 43 year on year. The stock is pretty much flat, though. The bad news now, just how bad would let actually be . Sales roseommerce about 74 . They still need people to come into the store to really make a lot of money. Their comp sales were up by over 10 , if you backout fuel. Clearly a lot of stocking up. Clearly good for walmart. Kohls suspended its Share Buyback program. That stock now off by about 1 in the premarket. Overall, no doubt we are obviously going to take a bit of a pause as we digest earnings and that monster rally. The question is whether the new was that or a bear market rally. Is that really being reflected in equities . We need the Economic Data to really match. Lets get to the news from overseas, as well as here in the u. S. We want to start with the walmart numbers and look ahead to fit your jay powell. Michae ....

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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

Market. Three year and 10 year bond options coming in superstrong. Watch how that winds up performing. Time now for todays top market moving news from our new york team and washington team. We want to begin with economic the u. K. Economy shrinking on the 6 in march. Predicting what could be its deepest contraction in more than three centuries. Bloombergs Michael Mckee has more. Michael ask not for whom the bell tolls. It is the u. K. This time. Just one week under lockdown was still enough for a 2 contraction during the first quarter. As you mentioned, a 6 contraction during the month of march. Britain plunging into what may be its worst depression or recession, at least, since 300 years ago. Three centuries, according to those who have been figuring out. Tourism fell by 46 , air transport down 44 . Engine ofpending, the the economy, down 1. 7 in the first quarter, the largest drop since the financial crisis. We got data from the ....

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CNBC Street Signs July 13, 2024

Year, we really dont know and then the vision fund has a record decline, as the tech bets go bad. And then buying the rumor. The shares rally on reports over the sale of its steel business sending its stock at the top of the tracks its like getting the green light to buy from the Italian Government for a 6. 3 billion credit line. And ryan air says it will have to deeply discount fares to attract passengers back in the air. The ceo says they are making this stuff up as they go along, and the reality is, face mask. You reduce the transmission by 98. 5 . Happy monday, everybody, and welcome to street signs. Last week the stock 600 dropped about 3. 8 but this morning we are seeing investors putting money back to work in particular in cyclical markets. Altogether the stock 600 rebounding more than 2 . Really recouping last weeks losses we are reopening Major Economies around ....

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BLOOMBERG Bloomberg Markets Asia July 13, 2024

Party rooms, that could reopen after may 28. A mix of good news there. We have some good news in the markets as well. We are seeing more reopening of economies. It seems like you cant really fight the fed at this point. We are seeing a second day of gains in the region. Jakarta coming back from that holiday. We are seeing again of. 5 . Also, india reopened today as well. Things are looking better. Lets see what else we are watching out for. Singapore is in focus. The outlook is not looking so good. The governor is slashing the to 7 . From 4 the hang seng as well, look at that, we are close to 400 points higher today. We are talking about the valuations and the steepest discount into decades. You have seen some depth buying dip buying happening. Take a look, currencies are looking a little quiet given the fact that the u. K. Saw thin trading with the london closing yesterday. See a liquidity injection from the pboc after a hiatus of 70 something days. When it comes to the sing this a we ....

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BLOOMBERG Bloomberg Surveillance July 13, 2024

Evening. Ernoon, good this is bloomberg surveillance. Im francine here in london. Of course, its monday. To everyone out there. A lot of the focus is on what we heard from President Trump yesterday. Ideal way to actually reopen an economy is well. Uarding lives as well look at italy as today is the first what they call phase two. Actually day that its starting to slowly reopen. His is what your markets are doing. The focus is not just on european stocks, but on you can see european stocks down some 2 . Crude oil. Because of the rolling of the contracts and what we saw just a to le of weeks ago need spend a bit of time in terms of oil and what they see. President trump also blasting china. We troo i and figure out what that means for trade. Ell be speaking to our Brenda Murray very shortly. Now lets get straight to new york city. Bloomberg first reviews is we begin with the da ....

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