On the chin. Again what the experts sort of give they can taketh away. When Jerome Powell talked about the fact even with the flood of stimulus weve already seen, good idea to see more stimulus. He didnt put a dollar figure behind it. The Federal Reserve has spent trillions backing up businesses and banks by buying treasury bonds, corporate backed securities, etfs, and to back up corporate paper. That is unusual, in this particular case unprecedented. He seems to signal we are not out of this by any means. These delays in openings here as we heard new york metropolitan area, broadway doesnt do anything until at least labor day. People add up, lets push stocks down. Now there is good news though. We always want to posit that. Favorable developments on the new york state area, new york city to the point and new york area hospitalization as key level looked at closely continuing a decline has been better than two weeks. Anyway, we have David Lee Miller following all of those new yorkrelat
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
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
Cool as batman and spiderman, but all of that is about to change. Mattel is honoring essential workers on the frontline to have the covid 19 fight with a special edition line of Action Figures. They are called thank you heroes. The 16 collectible Action Figures include doctors, nurses, e. M. T. S driver and a little set that includes a Grocery Store worker. Each set costs 15. Dollar from each sale will be donated to the First Responders initiative. Trevor yes such a powerful message to send to the kids. You dont need to have superpowers to be a hero. You can be a doctor, a delivery person or hawkeye. Plus this is going to make playtime much more interesting. Im Luke Skywalker and im going to save the galaxy. Luc, im the cleaver man, can you buzz me in . By the way, they didnt have the toilet paper thats not true thats impossible you know, i really think this is a great way to show these kids how the real who the real heroes are, but if they likely want kids to play with the toy heroes,
Welcome back. Keep an eye on the guy to the left of the tracks there. He makes his way through the security gate and narrowly avoids getting struck by that speeding train. This happened near london. British authorities are using it as a reminder to cross only when its safe. So close there. So many families struggling to put food on the table are being forced to find creative ways to raise quick cash. One expert says most of us have an untapped resource hiding in plain sight all over the house. Stuff that we just dont use anymore. Heres abcs becky worley. Reporter if you looked around your house to find something, anything you could sell, where would you look . Hi, everybody. Reporter according to dana crawford, aka the powerselling mom, you look everywhere. Its pretty easy to get started. Just start with an empty box and start Walking Around the house and say, we dont need this anymore. Reporter they says old cub scout caps and even coffee cups can earn you extra cash, as well as toys.