University system. Retail post pandemic getting perhaps even grimmer as another Department Store set to announce bankruptcy taking on the fed. Druckenmiller calling out the fed. It is wednesday, may 13. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good morning welcome. Im Brian Sullivan thank you for spending your time with us here on cnbc it is a big news day from wall street to watch. Futures are basically flat, slightly higher. It could change. It is early. The dow closing down another 450 points yesterday for the second straight day of losses the nasdaq finally snapping a sixday win streak falling more than 2 on the day yesterday, futures basically flat now as well as investors continue to weigh comments from dr. Fauci warning of a second outbreak this fall if states move too quickly to reopen my approach towards the possibility of a rebound and second wave in the fall is that, a, it is entirely conceivable and possible and, b, i would hope between
Too soon could have dire health and economic consequences. There is a real risk you may trigger an outbreak you may not be able to control which will set you back load on the high seas warns container volumes may fall as much as 25 in the Second Quarter. How the virus will hit global trade. Protectionism is a key risk and getting bigger as part of this pandemic as countries saw trying to protect their businesses it is no doubt in my mind it is the wrong strategy the french group pulls out of the take of the bermuda based partner turning shares sharply lower. The uk economy contracted a record 5. 8 in march Economic Activity in the First Quarter slank 2 output in the services and output fell sharply but not as low as expected. Retail sales plunged 19. 1 as the lockdown weighed heavily on the sector it is the biggest monthly fall since the brc began the index in 1995 weve been looking at that data but we know there is worse to come in the Second Quarter when we warn the contraction could
Canaveral. But Mother Nature may get the last word today. The head of u. S. Senate says congress will probably need to pass another coronavirus stimulus bill. Weve got a preview. Early today starts right now good morning ill phillip mena. Im frances rivera. We begin with breaking news from minnesota where hundreds of protesters poured into the streets. There is outrage in minneapolis this morning over the death of a black man who was pinned to the ground by a Police Officer the protests turned chaotic with Police Officers in riot gear using tear gas and rubber bullets against a crowd. Protesters vandalized a squad car. Its in response to the detainment of george floyd the images are disturbing. Nbcs Dan Scheneman has this reports this report protests in minneapolis began with outrage and turned violent protesters also gathered in chicago. We stand in solidarity with all those people this is not going to keep happening. The anger sparked by the death of george floyd who died while in th
His freemont factory closed. And boeing ceo on the record about the future of his company and whether all carriers will ultimately survive it is tuesday, may 12, this is Worldwide Exchange here on cnbc good morning, good afternoon, good evening. Welcome. Im Brian Sullivan thank you for spending part of your tuesday with us a look at your money and markets. Stocks coming off a mixed session yesterday, the dow down 109. The nasdaq higher again today. Nasdaq 100, if you are counting at home is now just 4 from its alltime high. We are going to show you how that stacks up against other global indices and well show you how the United States is still a haven. Starting again with the Global Consumer we are getting more and more signs of the impact of the virus or the lockdowns well get shocking word from toyota in the asian markets, we did see a weaker session unfortunately closing down around a tenth of 1 toyota down closer to 2 after we did get positive profit numbers for the fiscal year. It
To get work done while keeping reloading gun powder, steel the kids busy. Pipes, and other items to make early today starts right now the explosives they found this while searching the home of 53yearold bradley good morning im phillip mena. Im cori coffin bunn the coronavirus pandemic bunn reportedly told agents he planned to use the bombs if he continues to grip the nation as were the victim of a home officials try to save lives and revive the economy invasion heres what we know at this hes been charged with possession of illegal hour more than 69,000 lives have been destructive devices. Lost in this country due to with kids stuck at home, par parenting are turning to help covid19 the number of confirmed from virtual babysitters infections is well over 1 million this morning our affiliate in d. C. Has more on this story. According to Johns Hopkins university, at least 187,000 reporter home is many things patients have been able to right now. Workplace, school, and, of course, where pe