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CNBC Street Signs July 13, 2024

Ricardo rakes it in. Helping the luxury group burbery grow and missing estimates in october as cnbc learns trade talks with the u. S. Has hit a snag and learning that canceling tariffs is an important preseason. Good morning and welcome to the show daimler has warned earnings in 2020 and 2021 will be negatively impacted by cost cutting plans a new strategy to stream line business and improve efficiency. It needs to, quote, significantly increase its financial strength at Mercedes Benz it plans to cut workers. Daimler is down 3. 3 volkswagen down, bmw down 0. 1 in france, renault down almost twothirds a percent and ferrari also performing negatively why do you think daimler is doing this looking around, all of the shares, they are all facing a lot of challenges. I dont think it is anything specific to daimler. I think they are all facing global trade uncertainty and steel factories where they might be underusing their capacity they ....

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