Ciggal signal that this vaccine is on the right path just ahead, what has doctors so hopeful as america gets back to business. All 50 states partially froe attempting to tase shooting victim Ahmaud Arbery. Hands out of your pocket. Down. Warning, down. This morning what led up to that incident, and why arberys family says its a clear case of police harassment. Seacrest scare concern over the health of Ryan Seacrest after he appeared to slur his words on american welcome back idol. Cynthia and the top 11 right time to turn our attention to there. The left coast, because that is this morning what the popular tv host is saying to assure fans where we find one carson daly he did not have a stroke with millions of families with pop start. Anxious to find out what it is pop start, guys good morning colleges will do this fall were going to start off with my notre dame revealed its students friend Ryan Seacrest will return to campus two weeks fans of the Television Host were left a little worr
Retail sales were down over 13 16. 4 is the most on record. Of the 13 categories, only one was up, internet shopping. What we bought we did buy online. Even Grocery Store sales down 12 on the month. I guess we are still eating the macaroni and cheese we bought in march. The control group, leave out food, cars, gasoline, building materials. That was down and that is also a record. That is the part that goes into gdp and in this case does not go into gdp. Not the only data out. Industrial production down 11 . Manufacturing production down 13. 7 . That was the worst number in the history of the index going back to 1919. Two bits of good news. Empire manufacturing improved. 78. 2. 48. 5 from the Michigan Sentiment number. From 71. 8. To 73. 7 the Current Conditions index rises. Everybody scratches their head, but the folks at the university of michigan say it is because during the month people started getting the checks, the 1200 checks and that made them feel little bit better about thems
The s p climbing 2 or so, now up 2. 35 . This after the monster rally we had just yesterday. 2. 25 . Technically, pushing the s p out of a bear market, but that is a heated debate. The 10year yield continuing to rise by seven or eight basis points. Today, rising by an additional 10 basis points. You are getting a weakening of the u. S. Dollar. Beware talking about the funding issues, stress levels coming into the bloomberg dollar index. Some of the natural correlations are starting to return just a little bit. There is some hope and optimism here. Copper futures rising 2 . Futures are at the highest may have been since march 17. Are closing, helping to reduce the supply, and some hopes now that the demand outlook is improving as well. Here for a deeper dive into the markets is abigail doolittle. What are you watching . Abigail thank you so much, taylor. Certainly a risk on rally for a second day in a row. You mentioned the s p 500 up about 2. 7 . Energy is climbing higher, even though
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
How should Drug Companies handle the coronavirus pandemic pharmaceutical firms rushing to find a vaccine could potentially make billions of dollars. What was be done to ensure they dont put profit before saving lives this is inside story. Hello and welcome to the program im Maryanne Demasi scientists around the world on our racing to find a vaccine and a cure for the coronavirus governments are pledging millions of dollars of taxpayers money for research in both public and private funds the Global Vaccine Market is estimated to be worth nearly 60000000000. 00 annually pharmaceutical companies have been criticized in the past for being too slow in combating diseases like saws and it botha and charging high prices for new drug treatments the president of the European Commission hopes of vaccine will be available vote later this year. In addition we are accelerating research yesterday i spoke to the managers of an innovative European Research company they work on a Promising Technology to