Take some time for public to regain confidence and adapt to the new world and start traveling, taking vacation, going to restaurants and things like that. Im glad you brought that up. Thats one thing we havent talked about was this notion that when we looked to open our businesses and i think we all in a bipartisan way, thats what we want. We have to find this balance, opening our businesses in general. Theres only going to be as successful as the Customer Confidence that is there to patronize those businesses thats not just true for the Hospitality Industry thats true for all businesses i do know that the service and retail has been hardest hit business and my understanding that some of the data ive seen over 2 of those businesses have closed permanently already how are we to address this Consumer Confidence issue . I know thats something you thought about and talked about publicly what should we be doing . One thing ill say is it affects different sectors of the economy. The one we t
And getting back to business in the empire state as a slow reopening in new york today. It is friday, may 15 you are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening welcome wherever you are watching happy friday, we made it here is how money is setting up for the final day of the week. Dow futures up about 75 points we snap a threeday losing streak still the major averages are back late in the week. Dow is down 3 s p off 2. 5 even the snnasdaq is down 2 . Only amazon is higher this week. The russell 2000 has been the market story down 7 coming in today. Watch for a rebound. That index down 26 on the week. Also watching oil. Indicating demand increase coming off the highest close in six weeks. Up 11 and brent crude is back above 30 a barrel hardly a big number but at least it is not in Single Digits or even negative. Global markets in asia the Chinese Markets are down and rising in europe, more tough Economic News as money is contracting but not unexp
Only, tell us who is your choice in 2020. You support biting, call biden call 2027488000 . Sanders,pport 2027488001 . Unsure,re 2027488002 . You can also text us at 2027488003 or join us on twitter. Let to talk about including the coronavirus. Follow the conference and one of the attendees found of the coronavirus. Italy is locking down a portion of the country. Here are the details. The Italian Government is locking down 17 Million People, including milan, the lombardi region, and neighboring provinces in the most sweeping steps against the coronavirus. A decree from the premised are saying People Living in lombardi , and the main province, must avoid any movement into and out of the areas. The wall street journal points out police, emergency services, and the army will be available to enforce the quarantine. People violating the lockdown could face a fine or jail time. This is reminiscent of measures taken in china which put about 500 Million People under full or partial lockdown. Ch
Ceo Dennis Muilenburg is out effectively immediately as they struggle to get the 737 back in the air. Halftime report starts right now. Welcome, good to have you with us on this monday, our Investment Committee today, joe ter nova, brenda is back, the cio of sand hill Global Advisers the end of year rally continuing boy, what a difference a year makes, joe, right . Certainly does. Remember last december . I certainly do. That stunk. It did. Not this time around. Not this time around. 30second record close of 2019 on friday, up 28. 5 yeartodate could have the best yearly performance since 2013 remarkable. We had a liquidity correction this time last year. We had a Federal Reserve that was clearly hostile. Weve seen significant pivots in that record. The earnings picture really hasnt changed in 2019 we know earnings have basically been flat. Where we sit right now looks as though the runway is pretty clear for further price appreciation were now getting participation not just from techno
Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points and a sevenday reverse repo as well. About 28ly, you got b