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Happy Friday! Check me out on the TV/radio today. I'll be on Cheddar this afternoon, followed by a stop at "After the Closing Bell" on Fox Business and then chatting with my Uncle Kai Ryssdal on "Marketplace" this evening.

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Situational awareness:

  • Microsoft stock rose 2% after better-than-expected quarterly earnings and guidance, including a 64% revenue increase for its public cloud platform Azure. (CNBC)
  • The Justice Department indicated to Sprint and T-Mobile it will sue to block the companies' merger as soon as next week if they can't agree on a divestiture plan. (Reuters)
  • The likelihood Britain will leave the EU without a deal is the highest since October 2017, economists say. (Reuters)
  • Fallout from grounding its 737 MAX jet has already cost Boeing $8 billion, and the cost will continue to rise. (NYT)
  • WeWork cofounder Adam Neumann cashed out "more than $700 million" of company stock and debt ahead of its expected IPO (WSJ)