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
The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financing, which would be illegal, but some aspects of qe are unjustified, and not backed up by european treaties, which means th
Truckers, essential to our daily lives, are finding their lives harder and more dangerous than ever before. And streets of silence. As new york continues its unprecedented shutdown, well take a ride high above the city to see the shocking changes before and after the restrictions. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. Weve already built sufficient Testing Capacity nationwide for states to begin their reopenings. Reporter the white house and states are clashing over whether theres enough tests to go around. The emphasis that weve been hearing is essentially testing is everything, and it isnt. Its the kinds of things weve been doing, the mitigation strategies. Reporter President Trump fired off several tweets taking aim at new yorks response to the virus. For him to say to anyone, well, you relied on projections and the projections were wrong, your projections, mr. President. Reporter the u. S. Stock market continues to bounce back after
255,000 people now dead. China hits back at u. S. Criticism saying the Trump Administration is lying. U. S. we are seeing futures flat at the moment after stocks gained for two consecutive sessions. We have seen sentiment being boosted as economies move towards easing the lockdown, cautionary comments from fed officials cutting the gains in half. Health care, utilities and games cut in half area energy was a gainer. Look at wti, adding to the gains of the regular session in new york. It had gained 20 , at the moment above 25 a barrel, the highest in over two weeks and the longest winning streak in nine months. Production is starting to ease. Walked up being felt across markets. Lockdowns being felt across markets. Wedi there is the sense dont know what is going on and price this market we are seeing . Lets get over to our next guest. Times,e unprecedented earnings for the companies that are still giving earnings, is pretty unreliable. What metrics do we go by in terms of pricing and va
Selfquarantine. I want to thank you all for doing your job and staying at home i know we dont get enough thanks for doing this. On behalf of my family i want to thank you for staying at home and doing your part. Well get through this i want to thank everybody whos been watching and the great feedback weve been getting. I think i read all these different charitable things that are habit. Fantastic. I saw ali. Servers can get paid i love that you do that. Daniel hume was a great chef of the restaurant 11 madison park i saw that he its one of the greatest restaurants in the world. Got awarded greatest restaurant in the world as today, its a soup kitchen. That is awesome. So props to you chef hume and everyone else there. It is awesome what youre doing. So thank you we have a great show tonight we have niall horan on the show tonight. His number one album is out. This is his charity word with meals on wheels, meals on wheelsle america. Org thank you for joining us appreciate that. Its an a