Announces he has canceled his Airline Investments and thats not all. Warren buffett revealed this weekend, which was nothing like you are seeing on the screen, it was a virtual Berkshire Hathaway Shareholder Meeting with just buffett and one other person on the stage. Our expert buffett panel is here to read between the lines of what buffett really said. Wall street, as we look at this, it has happened. A National Store chain has succumbed to the coronavirus. J. Crew filed for bankruptcy protection, leading us to ask whos next. Major Industry Groups are now banding together by asking congress to prevent another one from going bankrupt. One of the biggest retail lobbyists is here on why the trump tariffs must be suspended if retail is to survive. And as restaurants, oh, boy, we know how tough its been for them, across the country take baby steps to reopen, weve got one of the bestknown star chefs of the world here. Celebrity chef Rocco Despirito on how to put out the massive corona fire
That we saw over the last few years but now were seeing the almost everything bail out and this is the way when you find out whether the person where no shorts at the poker table or when the tide went out one magical had that in a metaphor if i ever heard one i think people will understand you will understand i i combine 2 of Warren Buffetts famous sayings but they imus says half the world has asked for a bailout remember 100 percent of the world cant get a bailout half of it has to pay for half of that have to be the suckers at the poker table so half the world as now asked for a bailout the i. M. F. Is saying that 100 countries have asked for some form of bailout from them about 10 percent has been given out to 10 countries anyway and they expect half the other countries to get some within the next few weeks the i. M. F. Is ready to use its full tool box and one trillion dollar fire power of lending you know i have a question for you so going back to 2008 and remember the i. M. F. Ca
Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing again the European Central bank stepping in to try to shield some of those markets, in particular in countries like. Taly ,he other side of the equation what exactly are european leaders going to do to help the ecb, to put more money on the table and also protect their own economies . There has been a lot of backandforth. Perhaps a 2 trillion euro package. But all of this is still very much in the
That we saw over the last few years but now were seeing the almost everything bail out and this is the way when you find out whether the person where no shorts at the poker table or when the tide went out one man who had that in a metaphor if i ever heard one i think people understand you will understand i i combine 2 of Warren Buffetts famous sayings but they imus says half the world has asked for a bailout remember 100 percent of the world cant get a bailout half of it has to pay for half of that have to be the suckers at the poker table so half the world has now asked for a bailout the i. M. F. Is saying that 100 countries have asked for some form of bailout from them about 10 percent has been given out to 10 countries anyway and they expect half the other countries to get some within the next few weeks the i. M. F. Is ready to use its full tool box and one trillion dollar fire power of lending you know i have a question for you so going back to 2008 and remember the i. M. F. Came i
Are stuck at home. One on one with Lindsay Vaughn you are watching Worldwide Exchange here on cnbc welcome from wherever in the world you may be watching. Im Brian Sullivan it is early but looking like yesterday could be kind of a one and done for the equity markets. Stock futures are flat to slightly down. That benchmark index still down 3 for the week. Nasdaq down under 2 big tech has been outperforming as of late oil trying to stabilize after an incredibly volatile, record breaking week. We are at 15 and change on u. S. Contract slightly under 22 on international internationalal trade. Yesterday, the president warning any u. S. Ships to destroy iranian vessels that come close to them at sea and a regular lator that will shut down an oil well is not at risk of losing that well long term that may lead to more shutdown and decrease of production we want to keep a close eye on the uso etf. It has been halted a numerous time over the last couple of days normally, this would just buy the