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Here as well. Also want to point out some breaking news. Macys says their cfo paula price is going to leave the company. They are looking at an external search currently. Premarket withn the overall market. Exxon mobil also coming out, finally the last of the big majors to cut their capex. They see overall Capital Investments for this year about 23 billion. They saw up to 33 billion. They are also cutting operating expenses by about 15 . They are maintaining their longterm outlook. They say Capital Allocation priorities remain unchanged. The longest chunk of all these cuts are going to be spending in the permian basin. That is interesting. We heard something very similar with chevron, a little easier to shale. Ex within they are dealing with the fallout of the crisis. Watching those stocks as we head into the open. U. S. , as wellthe as the markets, but the collapse ....
Worst performer is spains ibex 35 and theres wti which i know my partner here will have a lot to talk about he almost always does. It is often a key to this market, down this morning. Lets get to our road map this morning. It starts with the start of amazon shopping holiday, as the rest of retail suffers plus a number of recent ipos that have fallen below the bear syndicate what their pricing was, what it means for the valuations and rest of the companies that want to go pep. Pepsico is out with its results as earnings season begins. Well speak to the companys cfo on set in just a minute. Amazon prime day is under way. The company highlighting deals aimed at enticing customers to become prime subscribers as a number of retailers are coming off a rough day on wall street we were talking about it here before it began. Macys saw shares fall 7 . Best buy was yielding 7. Reports about a geek squad effort at amazon, jcpenney down now in the premarket after announcing the departure of its cfo ....
Guidelines to other members today. How much will he share in his News Conference, which we think will happen around 8 45 london time . We will take you to that when it happens. And down with dollar. The First Quarter of the year was tough for the greenback. What is in store for q2 . About where we stand, what is ahead of us. We start with the fair value calculation on her bloomberg. Mildlyts us to a negative start. The dax in positive territory. I think that is too close to call. Basically, we are going to have a flat open. Lets talk about what is happening with the bund. Has already been open. The european bond market on the move. Yields are down. They track sideways. Again, that is indicative of the Market Holding his breath, waiting to get some clear sense of direction. That is what we are seeing with equities. To a c ....
The plurality he needs. Spain has been at a political impasse for months. Powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. Scarlet we are 30 minutes from the close of trading in the u. S. In, andcks fluctuate the dollar rose to a high. And the question is, whatd you miss 2 of the most valuable Internet Companies are reporting, alphabet and amazon. Those numbers as soon as they cross. Americas favorite pastime may not be a favorite anymore. The nfl is seeing doubledigit declines in television viewership. Is this a blip, or something worse for the league . Worldfamous shopping strip 5th avenue in manhattan standing pretty empty because of the rent. We look at dynamics hurting the rent in the middle of the most prestigious shopping district in the world. As we head towards close, lets look at the major averages. Not too deep in the red, but still read across the board with dow jone ....