Faster Consumer Recovery and it is monday, june 1st youre watching Worldwide Exchange right here on cnbc good morning, good afternoon, good evening, welcome from wherever in the world you may be watching us i am Brian Sullivan. Thank you for joining us on an important day on cnbc. We begin our coverage this monday, as we always do, focusing on markets, economies and global business. That is our business here on cnbc and this morning, in a new month, we find those things are at the crossroads of four very important events number one, the planned reopening of the American Economy and whether that is now at risk. Two, both peaceful protests and riots in nearly every major city in the country three, rising tension between the United States and china. And, four, 40 million americans currently out of a job and hoping for a recovery that puts them back to work. Throughout this hour and the entire business day, you will hear commentary and analysis from investors, money managers, executives an
Warrick dunn will join us to talk about his years long fight against racial inequality and how the league is addressing it now. Power lunch starts right now stocks have given up their rebound sdwrurjust turning nega from moments ago you can see were just slightly on the negative side. Essentially, the transimportapo still up thats good news banks were much stronger earlier. Flatti istish ow. Energy has gone negative big movers for the reopenings. All now on flat on the day el tell you why today is important. Were conditioned to buy the dip. Buy the dip worked very well in march. Remember, very rare to have the s p down 5 on a day it happened yesterday down 6 . Buy the dip worked well in march and april and may. The question is will it work now. Take a look at some of the stocks the airline, some of them holding up all right united been talking about all week the crazy moves thats ahead but its holding up pretty well these crazy moves here but its still up off of the lows marathon banks
Coronavirus cases continues to rise even here at home kron fours gayle ong joins us live in galle he talked to invent Infectious Disease expert who says that these numbers that hard to understand exactly what they mean. Yeah i can among the experts weve been hearing from a lot saying that these cases and deaths are under reported and thats due to limited testing early on and asymptomatic people. Testing capacity has grown in the bay area and beyond to perhaps the reason why were seeing a rise in covid19 cases and deaths that the case counts are going in the right direction that is down thats good that theyre going up. Well maybe its because were casting but more likely theyre going up because the acres have changed in more people have gotten on wednesday. John Hopkins University reports the nations death toll surpassed 100,000 people since the first u. S. Recorded death from covid19 less than 4 months ago 100 thousands are real watermark this epidemic in the country doctor George Ruthe
. The protests are spreading beyond the bay area, beyond San Francisco, oakland, and san jose. I am working from home tonight. We saw protests in the big cities, and in less likely spots like livermore, redwood city, vallejo, and others. What we have seen today, it has been peaceful, thankfully. In oakland, hundreds of protesters marched to Police Headquarters near downtown, the crowd expressed anger of the killing of george floyd, calling for justice. For a time, group of demonstrators stood in a line across from Law Enforcement near eighth and broadway. We did not see any confrontations from our vantage point. In redwood city, another line of officers blocked testers from getting onto highway 101 about 90 minutes ago. The demonstration has been going on since 4 00 this afternoon. It was organized by Silicon Valley black lives matter. It has been largely peaceful. We did see some people being detained. They said they arrested a person carrying a concealed machete. Three more counties
Than an hour, governor newsome plans to open guidelines. Though, no one expects business as close as usual. Kris sanchez is joining us live from san jose with what a lot of people are waiting to hear what to the governor has to say . Reporter yeah, we certainly have been waiting a long time. These are a number of businesses the governor is going to address that can kind of hand him that greater increase social distancing and the sanitation requirements. We are talking manufacturing, logistics and even retail as well. We are here at the highland family bike store in san jose. They are considered an essential business and they have been very busy, seeing a boom is usually reserved for summer or christmas. But the income isnt what you might expect. Theyve had to do all of the repairs. The staff and four family members were like, go, store hours are limited. Basically, businesses are limited. It makes for a long day processing orders and doing deliveries. So the Small Business owners are h