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Good morning from the Financial Times. Today is Tuesday, July 26th, and this is your FT News Briefing.

US Tech Giants report earnings this week. We'll see how they're holding up in this economic

environment. And a French satellite company is in talks to merge with a British rival.

Investors, we're not impressed. And we'll look at why extreme heat affects city dwellers,

especially hard. I'm Jess Smith in Fromark, Filipino. And here's the news you need to start your day.

It's a very different economy these days for US tech companies.

Earnings reports come out this week from the likes of Google, Amazon, and Apple. And they'll give

a sense of how tech titans are fearing as the boom times of the coronavirus pandemic fade.

Here's our West Coast editor, Richard Waters. This year, by comparison, just the year over

year, comparisons make it a much tougher time. But of course, there are so many other things going

on in the world that are hitting these companies. And they're all going to come together to make

this the real crunch quarter, the economy slowing down. Everybody is very attentive to that.

But we're seeing things like, for an exchange, the dollar is so strong. And the tech sector

and so much of its money overseas that for companies like Apple, this is going to be a real,

you know, a real factor in slowing them down. And then just the state of the global supply chains,

you know, we're going to see this, this combination of ants are going to turn out. What has been a

red hot sector? No, that's really no exaggeration. It was just incredible how fast they were growing

into a far more mundane set of big companies. And just how big that slowed down

becomes, I think, is going to be, you know, really the key point. Richard, are there any

individual companies you're especially interested in? So Facebook is really is really facing a turning

...