Infections soar at Meat Processing plants across this country, many are wondering will we face a meat shortage soon . All that and so much more on making money. Charles a major read on consumers out this morning not only did the final read for consumers sentiment in april come in better than expected, but it confirms the idea that americans see better days ahead. The read on Current Conditions declined more than 29 . Down more than 40 in the past two months. And then you look at that juxtaposing it for the read for how we see the economy in six months, only down 12 , 22 in two months, it is pretty clear that the consumers and the stock market are banking on this economy reopening soon and the coronavirus continuing to flatten. Many are wondering, though, has the market still come too far too fast . And are consumers and investors being too optimistic . I want to bring in two of the best to discuss this, Wealth Management cio and fox business contributor scott martin, chief investment s
Could be 41 percent higher than the government is reporting. A dire warning from the u. N. The pandemic could double the number of people around the world who are going to go hungry. And im peter sim to go to sport you a fur and its Member Associations holding a teleconference on tuesday to try and work out a way to finish the football season. Donald trump has declared that he will suspend all immigration to the u. S. To protect american lives and jobs from coronavirus which he calls the invisible enemy the move announced on twitter is in line with what hes trying to achieve throughout his presidency mr trump won the white house in part on a promise to build a wall on the Us Mexico Border his administration has since cracked down on both legal and illegal entries under an executive order and 2017 the president did ban travel from several muslim majority countries but was later modified after legal challenges and since february and march traveled to the u. S. From china parts of europe
The slowdown in deaths in spain and italy are the few bright spots across europe and some countries gradually start to reopen. Brazils president joins a rally against isolation measures put in place by state governments. A grim economic fallout of the new coronavirus pandemic for the 1st time in history u. S. Oil prices have crashed below 0 dollars into negative territory thats because theres more oil in the market because of low demand and producers are running out of storage lockdowns around the world in response to the coronavirus have produced a massive slump and demand for energy u. S. President donald trump says a collapse in prices is short term and suggested that it could even be a positive thing for america. Based on the record low price of oil that youve been seeing. At a level thats very interesting to a lot of people were filling up our National Petroleum reserves through dziedzic you know the Strategic Reserves and were looking to put as much as 75000000000 barrels into th
Locations as we put social distancing into effect here at cnbc as a precaution were going to start squawk alley this morning with bob pisani with an update on todays markets. Bob . And jon, the important thing here is i want to show you the futures because a lot of confusion overnight here we were futures down overnight, then we hada big rally at 8 00 a. M. Eastern time as the Federal Reserve announced new programs and yet the open was a real disappointment and it shows you that liquidity is fairly thin preopen. A lot of people were surprised we opened down so much but were off of the lows right now. Sects here, banks have had a tough time throughout the morning, most down 4, 5 or 6 . Energy stocks also had a tough morning. Everything else, 2 lets say, industrials, technology also down about 2 . Semiconductors started strong but have been weak for a while now. Boeing, one of the few stocks on the upside, only three or four up today, an upgrade goldman sachs. Home depot on the upside, c
Cases and one death. Alameda county has 35 cases were in county. Just learned went up to 38 confirmed cases today. Solano county has 10 cases. Sonoma county has 9 cases napa county though still has 0. Now what the rest of california starting to experience San Francisco has been doing now for 4 days and this is the result of empty streets and most stores are shut down. Lets go now to kron fours dan kerman. What the rest of california starting to experience francisco has been doing for 4 days. Anthis is the result of the stay at home order empty streets and most stores shut down we can tolerate this for a while i dont think we can tolerated for too long Jim Wunderman with the Bay Area Council supports the stay at home order as the best way of slowing the spread of the coronavis but says it will pack quite an economic punch leisure and Hospitality Industry is somewhere around 12 of the states own workforce around 2 million workers now is just getting are killed. The Construction Industry