Businesses are failing, tourism has collapsed, and confidence is shot. Sweeping new security loss for hong kong later on tuesday after imposing visa bans on americans it says are interfering in its affairs. Look at the take a set up after the u. S. Paring back some of the gains. Betterthanexpected housing data overweighting these continued can turns and continued resurgence. Continued returns and continued resurgence. Sophie. Sophie futures are pointing higher. Chinese pmi is expected to show some stabilization from manufacturing while Services Face a setback. From south korea, we are getting a may industrial output. That was a bigger contraction than the expected 4. 5 via well vol that was seen in a survey. Nikkei futures in chicago heading higher and this is adding up the topix for the best quarters 2016. Since 2013, for the last of market rights, raising concerns with heavy concentration on japanese growth stocks. The yen wrapping up a sleepy quarter. Valuations as cheap as they com
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
Thing back. In the new york, new jersey, area, some promise that the worsthit states are at least pondering openings as soon as tomorrow. The very latest read on all of this from jackie deangelis. Hey, jackie. Reporter neil, as reopenings continue in slow phases across the country, reminder this mornings weekly jobless claims added three million more people to the list of unemployed. The number was higher than expectations but it was lower than it was last week. So that was positive. Remember the total number of jobs lost in eight weeks, more than 36 million. That is a backdrop here. That is why reopening is so important. The sooner the country can do it, the more people can get back to work. Now in florida universal orlando is partially reopening today. The citywalk portion is going to be on reduced hours but masks are a must. There will be temperature checks. On may 20th, the plan is to open disney springs. That is where the shopping and dining complex is. The rest of the park is clo
Around 250,000. The u. S. Planes china. Blames china. Warren buffett bails out of u. S. Aviation. He says the coronavirus has changed the Airline Industry forever. Shery breaking news out of south korea, getting Consumer Price inflations. It is an deflation territory. This is now a contraction of 0. 6 . This is a bigger decelerations when itt was expected. Comes to the year on year figure, a little bit better, still accelerating, 0. 1 . Suffice it to say there is a lot of pressure on Consumer Prices and we have had social distancing measures continue to dampen command demand. You strip out a little bit of energyactors including factors, cpi still accelerating 0. 3 but missing expectations. This would lead to more pressure on the bank of korea to do more. Bloomberg economics expecting a 28e cut as soon as the may meeting and further measures to bolster liquidity. Look at how markets are trading, seeing Downside Pressure for kiwi stocks falling more than 1 , the lowest level in more than
Here as well. Looking at continental europe, spain and france are two countries the hardest hit by the coronavirus along with italy. They are set to ease lockdowns. We have Pedro Sanchez expecting to announce the loosening of measures after the weekly Cabinet Meeting which takes place later today. Later today also, france will be presenting the governments blueprint to the National Assembly on tuesday afternoon, and that should outline how they plan to ease peoples confinement as well. Is the original epicenter of the outbreak on the continent that will soon allow people to leave their homes for the first time in weeks, and that should mean they will be joining other countries including the likes of germany and austria in relaxing of shops to array open up including tattoo studios. In the u. K. , Boris Johnson saying the British Public should keep on obeying lockdown rules to avoid a disasters second wave of this outbreak here as well, coming as the number of recorded deaths from coron