Part of that down to the uae and kuwait deciding to cut production. Haslinda chinas factory gate prices fell while consumer inflation eased, pointing to weak domestic demand. Bloomberg markets coanchor Tom Mackenzie joins us from beijing. Take us through the key takeaways. Thatthe top line is Producer Prices fell more than expected. 3. 1 compared to a drop of 1. 5 in march. That does suggest weaker Commodity Prices. Going forward, Bloomberg Intelligence expects that deflationary picture to continue given that the economy will remain under pressure and we have pretty weak demand. That raises questions about the possibility of these corporates and their ability to pay down debt. Consumer prices rose 3. 3 . Poor crisis continue to rise at a slower pace. Pointing to a weaker demand picture. It is going to reinforce the case for a more certain policy support. Moderating,pi is the other question is whether this starts to spread internationally as well. They are saying there couldnt be a wors
Virgin australia tracks interest from indias largest by just budget carrier. Shery lets get you started with a quick check of how the markets are trading. We are seeing u. S. Futures under pressure, this after the regular session ended mixed. Markets pretty optimistic about reopening some parts of the u. S. Economy, but also a bit more cautious given that we have seen flareups around the world. The s p 500 finished unchanged. Health care led the gains, but financials weighed on the index. The nasdaq composite getting for the sixth consecutive session, outperforming again. The longest winning streak this year. Take a look at what oil is doing. Wti gaining ground, above 24 a barrel. This after it fell and erased earlier gains in the new york session. Tohave saudi arabias plan output, providing a boost but that was not sustained. We have opec given its Monthly Oil Market report on wednesday. Haidi in the u. S. , President Trump has responded to reports china is considering scrapping the p
As more nations and states move toward reopening, we ask what needs to be done to make it safe. We hear from Johns Hopkins university. We hear from Johns Hopkins university. Lets take a look at how we are setting up in these markets. We had mixed messages from wall street overnight as investors try to make their way through the global reopening. Asianlook at how the session is shaping up. The globaler we saw cell overnight, there could be little and the way of conviction for asian markets this morning. Futures fluctuating in the asian session. Off by slightly here. We have kiwi stocks getting grounds by. 2 . K futures in Chicago Holding on to three day ahead of a heavy earnings day in japan that will include names like toyota and honda due out later this afternoon. Today we are washing for the topics potentially push into a bull market with optimism for parts of the economy restarting. We could see wider headwinds weigh on the asia session. Checking in on what is going on with bonds, a
Ending, if its dependency on oil and gas in general. So we are in a situation in the short term where we will do what we can to contribute to the Global Supply of energy by increasing our capacities in the short term and explore ways to see if it makes sense to export l n g. And if theres a Business Case for it to export l, n g directly to europe. And thats something that you can make conversations going on between businesses in canada and in, in germany. But in the medium term and long term canada can and will position itself to be a key supplier of energy to the world in a net 0 economy. And that means investments and hydrogen, it means more investments in critical minerals. So we can be a reliable partner on that. It means investments in a range of solutions from renewables to nuclear, to arrange of things in the short term. We are very much looking at what we can do because in the medium term in long term, we are accelerating our commitment to d. Carbon is ation to fight in Climate
A decline to 16,163. A decline of less than 1 . The nasdaq also off of its lows when you look at the intraday pattern. Its lower by 29 points. A decline of 2 3 of a percent. The s p is coming off the bottom. Its down 18 points. Lets talk about everything driving the market lower with abigail doolittle, chris whalen is a new york based author and investment banker and an expert on soviet history the history of soviet politics. Brian jacobson, david molnar and our own Rick Santelli monitoring all the safe haven plays. Brian jacobson, you say you want to buy everything you can get your hands on on this dip. Why are you not worried with the rest of the market on whats going on with ukraine . I think this is just an overreaction to whats going on in lad, you wrote about National Security issues and the soviet union. Do you agree with that . Is it okay to step into the markets here . Because ultimately this isnt going to have a systemic effect on the rest of the Global Economy . I think, yes