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Good morning from the Financial Times.
Today is Friday, May 2nd, and this is your FT News Briefing.
Amazon sees danger ahead, and market volatility is giving European banks a boost.
Plus, Australians have a big election coming up,
and on the ballot is the cost of living and Donald Trump.
I'm Mark Filippino, and here's the news you need to start your day.
Amazon issued weaker-than-expected guidance for the second quarter.
The tech giant reported earnings yesterday, and it said it's going to get hit by U.S.
President Donald Trump's tariffs, too.
The group said it expected an operating income of between $13 and $17.5 billion in the quarter we're in right now.
Wall Street was betting on $17.7 billion.
Amazon imports about a quarter of the items it sells from China,