Bloomberg Daybreak: US Edition

Big Tech Earnings Disappoint; US Jobs Report Preview

Aug 2, 2024
Global stock markets are experiencing a significant sell-off, spurred by disappointing tech earnings from major companies. Investors are anxiously awaiting the July jobs report as the labor market shows signs of cooling. There's also discussion of a notable prisoner exchange with Russia, alongside criticisms in law enforcement and the impact of wildfires in Colorado. Meanwhile, the tech sector faces challenges, pushing companies like Intel and Amazon to adapt their strategies in the evolving landscape.
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