Under Armour Sinks as Tariffs, Sputtering Sales Hit Outlook

<p>Watch Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />Bloomberg Intelligence hosted by Lisa Mateo and Isabelle Lee<br /><br />-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses Under Armour earnings. Under Armour forecasted worse-than-expected sales and profit for the current quarter, stalling a turnaround plan that was taking hold.<br /><br />-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses Wendy&rsquo;s earnings. Wendy&rsquo;s Co. cut its full-year sales guidance after posting a bigger-than-expected quarterly decline, highlighting the economic pressures weighing on the chain&rsquo;s US business.<br /><br />-Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, discusses the latest tech news. Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29 billion financing for its data center expansion in rural Louisiana. Meantime, SoftBank Group Corp. is the buyer of Foxconn Technology Group's electric vehicle plant in Ohio, a move aimed at kick-starting the Japanese company's $500 billion Stargate data center project with OpenAI and Oracle Corp.<br /><br />-Tom Orlik, Bloomberg Economics Chief Economist, discusses the new book <a href="https://www.amazon.com/Price-Money-Present-Natural-Interest/dp/0197800912">'The Price of Money: A Guide to the Past, Present and Future of the Natural Rate of Interest.'</a></p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>