Economies reopening against rising chinau. S. Tensions. They prepare another budget. In theavirus controversy u. K. Boris johnsons top aide refuses to resign, breaking the governments lockdown rules. Will come to the program. Manus and yousef are still off with the markets closed for the eid holiday. We were just discussing the focus on the reopening story, rather than the tensions between beijing and washington. Forulus is in focus investors, whether thats for singapore or japan now. Feelgoodit is a tuesday, never mind the gdp targets for the year slashed, with a 7 contraction. The worst performance ever since independence back in 1965. Here is how its looking for the asian markets. Nikkei 225 up by 2. 4 . We talked about how japan will be reopening its economy. This is a state of emergency and all of the country, not just japan. Giving a boost to the nikkei 225. Surging by 5 . Up one point 6 . Consumer confidence rebounding from 11 years lows 11 year lows. Well below 100. It outnumbe
Investigators are searching the wreckage of a Pakistan International Airlines Plane a day after it crashed into homes in karate at least 97 people were killed when the aircraft came down in a crowded neighborhood on friday 2 people survived crank up to reports perforated ever devised. Many of those onboard a Pakistan International Airlines Plane were flying home from the hold to celebrate the holiday but both engines failed and as the pilot tried to land the 2nd time the airbus a 220 crashed into homes in a crowded restaurant chain neighborhood. Moving your body very very quickly he did bony fell on my car 3 doors of my car were locked the door on my side was open 1st i took my people out after that i saw a passenger outside the plane his legs are wounded he was empty all right he was alive he was speaking he asked me to save him i tried to pull him out but his legs were badly stuck in the emergency door. Outside more trees and hospitals people look for the lost ones one man was shocke
Down big right now. In an attempt to get back to business in texas. Were going to speak with one restaurateur about how it went and what he sees ahead it is monday, may 4th. This is Worldwide Exchange right here on cnbc good morning, good afternoon, or good evening, welcome to wherever in the world you may be watching. Im Brian Sullivan the question is this, will the second trading day of the month be better than the first right now it certainly does not look like it dow futures are off about 240 points the dow opening the month on friday, losing more than 600 points it was the nasdaq hit harder Big Technology down over 3 . Apple, amazon, the big names you know disappointed some investors. Although its not gone negative again, oil is a big risk to the markets and investors as well and crude oil is down again. That is that june contract its higher as you look out july and august right now oil down as well as we have reported often over the last week or so, just a reminder, even as deman
Tourists will be allowed into the country. Also ahead for the 1st time since the coronavirus pandemic began in china reports no new cases. The search for survivors has come to an end in pakistans largest city corruption after a passenger plane crashed into a residential area on friday to have 99. 00 people on board did survive there are reports of some casualties on the ground has priyanka gupta. Many of those onboard a Pakistan International Airlines Plane were flying home from the hold to celebrate the holiday but then. A pilot tried to land the 2nd time the airbus into 20 washed into homes in a crowded restaurant chain behind crouching through the 3rd party where everything from a did pony fell on my car 3 doors of my car were locked the door on my side was open 1st i took my people out after that i saw a passenger outside the plane his legs are wonderful he was absolutely all right he was alive he was speaking he asked me to save him i tried to pull him out but his legs were badly
Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the