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Really germane this morning. I love how the french call it a move to the confinement confinement. In america, yesterday afternoon, there was a real understanding of confinement at the white house. Dr. Fauci worrying about origin, and also the Vice President of the United States worried as well. That was sobering on mothers day. Francine it certainly was. Lets get straight to first word news in new york city with ritika gupta. Take a coPresident Trump ritika President Trump has a tough job this week, trying to convince americans it is safe to go back to work and socialize. At the same time, he is fighting a coronavirus scare that closed his own office. On friday, Vice President mike pences press secretary was d ....
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 ....
A currency crash pushes its economy to the brink. This new in may president. Police in the philippines are accused of abusing human rights as they enforce strict coronavirus measures. So the economic effects of the coronavirus pandemic are being felt in many parts of the Global Economy aviation and oil in particular and they are hitting the big players has already said its bleeding cash at an unprecedented speed and announced it would cut production by a 3rd now its posted a 1st quarter loss of half a 1000000000. 00 the chief executive of the European Aerospace company is warning this is the greatest crisis the industry has ever known its u. S. Rival boeings already announced plans to cut 7000. 00 jobs with its chief executive predicting Global Airline revenues could drop by more than 300000000000 dollars this year a ....
And miles persecution of muslims likening it to genocide well talk live to un special rapporteur young elite. Down. The giant asteroid is hurtling past earth. Strong in most. Sports including more doubts around the Tokyo Olympics is japans Prime Minister says it will be impossible to host the games next year unless the coronavirus is contained. For weeks planes have been grounded ships docked and factories closed around the world all an effort to counter the coronavirus pandemic well now the impact on the Global Economy is becoming clearer as Companies Start reporting their 1st Quarter Results the Aviation Industry for example its reeling and is expec ....
Suchi over the persecution of a 100 muslims and a giant asteroid is hurtling past earth but close enough for astronomers to study it. Were looking at the economic effects of the corona virus pandemic this hour they are being felt in many parts of the Global Economy aviation and oil is specially and its hitting the big players airbus has already said its bleeding cash at an unprecedented speed and announced it would cut production by a 3rd now it has posted a 1st quarter loss of half a 1000000000. 00 the chief executive of the european or a Swiss Company is warning this is quote the greatest crisis the industry has ever known its rival in the u. S. Boeing has already announced plans to cut 7000 jobs its chief executive predicts global revenues in the industry could drop by more than 300000000000 dollars this year and then 3 years after it will be in a recovery phase and in the ....