Space. Oil getting a bit of a reprieve. The concern is you have even more oil flow if the opec deal comes to an end. We want to get you todays market moving news from new york as well as washington. We want to start with the latest pmi data. Factories around the world suffering one of their grimmest months on record in march. Fbloombergs Michael Mckee joins me for more. Theres a lot to dig into. Give me some of your takeaways here. Michael mr. Rogers word of the day is contraction. Across the developed world, they are pretty bleak at this point. Some of them not as bad as thought because of a quirk in the data, but lets go through the data right now. Anybodye hardest hit of i the virus, and now the hardest hit in terms of the pmi number. Eurozoneance, germany, u. K. Are also in the 40s, which marks contraction. New orders of production crashed, but there is a quirk in the data where supplier delivery times are linked. However, in this case, there are no supplies to deliver, so it makes
Falling 973 point, but the real damage was done in the small caps which got a lot smaller today. The small cap indexes, you name it, you can throw a dart and hit one, it was down 7 to 8 . Small caps on concern of the domestic economy taking it on the chin you also have to look at the big banks. Big bank stocks also in the red. You heard the gang before just talking about it and also focus on boeing. Boeing losing another 12 today. Another very difficult day for boeing and the airlines in general. Just a reminder, we of course, at 5 00 will be monitoring that White House Coronavirus press briefing when it occurs, if you have marketmoving headlines or headlines that you need to know, we will bring you into that as always, waiting for it to begin and well dip in once or twice during the show, as well welcome, everybody as said, im Brian Sullivan and we have a great trader panel we have tim, karen, dan and guy. The gang is all here, and karen finerman, i want to begin with you because i kn
Have two or three main loopholes. First we have inadmissibility problem. When they come to our border, i have to let them in. I can not keep them out by virtue of them being in a gang. Once we detect them, cant remove them by being in a gang. This is unique to our country. No other country has this this is unique to our country. It has to change. Framework you poeproposed will close these. Remain hopeful to work with congress and and your administration to close these loopholes. So, without going into further detail i would like to turn it over to the john cronin, the acting attorney general for doj trish were watching the president speak with folks who are very interested in securing the borders. Its a roundtable he is having on law enforcement, specifically focusing on the violent gang ms13. Were going to continue to monitor that. If the president comes in, says some more, well bring it to but we got quite a wild day here on wall street. Ton of volatility. Were off 85 points right no
We fear it couldve been worse than what happened after speaking to her for providing the Key Information to help quickly identify 46 yearold Dennis Menefee junior as their suspect its unbelievable how strong she was and how she was ablelebe to go to a dramatic situation like that to be able to recognize all these are different logos on the truck the type of truck it was the colorog things to our south of masculine and charges that include rape kidnapping and thousands of times after Police Posted them on facebook the truck with things they pass it on the road at the good kind of scared a lot of parents a lot of moms younger kids that you think theyre safe playing in the yard and theyre not Police Believe menefee is the same man convicted of abducting a woman in wyoming and 1999 raping her than letting her out of s weather Court Records from tuscaroras county ohio where he lives show he was convicted of robbery in 1994s and of grand theft in 1990 a case for which he was still paying res
Tells us all about his companys push into manufacturing. All of that and more over the next hour but first more for my radio cohost, carol massar. Adobe speed the street on earnings. A total of 2. 3 million. The first Revenue Growth in six quarters is boosting shares in the afterhours trade. Suntrust agreeing to pay close to a billion dollars to settle federal and state claims in terms of mortgage probes. Georges biggest lender is a prime example of the underwriting failures that helped to bring about the financial crisis. This ceo of General Motors returning to congress. This is after failing to satisfy earlier questions about why they did not act sooner to reveal defects lead to fatalities. They recalled another 3 million cars. She will not accept business as usual. That is a look at some of the top headlines. Thanks very much, carol massar. Oracle is said to be close to a deal to buy the Hospitality Software provider micros systems for 5 billion. The two companies are in exclusive t