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Bloomberg Intelligence
Nike Sales Warning, U.S House Passes Spending Bill
Mar 22, 2024
Topics discussed include Nike and Lululemon earnings, FedEx efficiency, Tesla production cuts, Reddit's U.S trading debut, and the U.S House passing a $1.2 trillion funding bill.
46:37
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Quick takeaways
- The U.S. House passing a $1.2 trillion government funding bill marks a positive turn after delay, Senate expected to swiftly review it.
- Regulatory scrutiny and legal challenges faced by Apple may impact its high-margin services business and necessitate changes to app store model.
Deep dives
The House Passes a Government Funding Bill and Sends It to the Senate
The House passes a $1.2 trillion government funding bill and sends it to the Senate, marking a positive turn after a six-month delay. The bill is expected to be taken up by the Senate quickly, although potential amendments in the Senate could slow down the process. The Senate aims to pass the bill as senators want to leave town for a two-week recess.
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