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From Beer to BMW: European Earnings in Review
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July 29, 2024
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3:23Now PlayingShares of Heineken fell as much as 7.4% early Monday in Amsterdam after the Dutch brewer took a $949 million impairment on its stake in the largest brewer in China. Consumer spending continues to be under pressure in that key market and in the US and Europe. The company cited a fall in the valuation of its stake in China’s largest brewer, China Resources Beer Holdings Co., due to concerns about consumer demand in the mainland that have affected its share price. It flagged weakness in the US and Europe that’s clouding its prospects. It's also a big week for auto and tech earnings. Bloomberg's Dasha Afanasieva and Tim Craighead from Bloomberg Intelligence discuss with Kriti Gupta on "The Pulse with Francine Lacqua."
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