Despite strong sales during the shutdown, especially from walmart. And times of trouble in the Housing Market u. S. Home building dropped by the most ever in april a lot of talk of a bottom has those housing stocks up as well today. Absolutely. But as you said, the Broader Markets near the session lows. Coming up on todays who, well speak with Eric Rosengren on the back of that congressional testimony from chair powell and secretary mnuchin. Well get his read on the economy and whether weve reached a trough in the data plus, well speak exclusively with jim fiterling as the Company Releases a return to work playbook but lets focus in on the big stories were watch ing today. Mike is tracking the Market Action courtney has highlights from retail earnings. Mike, you and the market just selling you have a bit, but of course only lightly following yesterdays big rally. Actually today is i think the narrowest range intraday for the s p 500 in three months and by the way, three months to the d
A mexico city hospital. Im sorry kelly welcome to the program this weekend sees the return of professional soccer to germany the bundesliga will become the 1st major league in europe to restart following the coronavirus locked out of soccer bosses say its more than just a sport but an economic driver as well the big leagues across europe will be watching to see how this might change conditions for germany is going to sleep. Since mid march germanys football stadiums have fallen silent now the bundesliga aims to emerge from its coronavirus brick with socalled closed door matches without funds and under strict hygiene rooms the idea to get back out on the pitch as soon as possible. Its the anyone who rejects closed door matches neednt wreck their brains about whether the league will have 18 or 20 professional clubs playing in the future because in that case there wont be 20 professional clubs left ones will feature was mickey. Its not only a make or break issue for the German League the
You are watching cnbc. Welcome to the show live at cnbc global headquarters. Lets get right to how your money and markets are setting your day up. Stock futures pointing to positivity at the opening bell if these futures hold. S p up by about 15 and nasdaq up by about 81. S p down about 485 points yesterday. Some are selling the safety of bonds. Twoyear just below. 20 and 10year. 65 checking the price of oil. You can see slight positivity. Wti crude back above 20 a barrel crude up a similar amount. This is as a new report that suggests Trump Administration is weighing a plan to pay u. S. Drillers to keep oil in the ground amid that big back stock there is going to matt in singapore a mostly weaker session for the asia markets investors waiting to see the jobless claims weve got a fairly large piece of Economic Data here in the form of chinas q1 gdp china market did manage to hold up with a very small gain. The shanghai composite holding with a third of one percent. Holding on to hear t
Among, at least seven different other items that World Health Officials will look at, including the president of the United States before deciding at the end of this month whether to extend sheltering provisions or to start unwinding them n the middle that a bit of a constitutional back and forth whether the president alone can decide this matter. We have different reads of this. Well get into a little bit on this, some say that the president is wrong, states ultimately decide on this. The president granted them power when and how far to shelter, then they have the power to decide when and how to deshelter. Well get into that. It is a fascinating legal argument here, one might be a moot point if any of this progress weve seen reverses or slows, likely pushing back a timeline on getting everything back to normal. A lot of fast moving developments. Connell mcshane on the latest developments. Hey there, connell. Reporter neil, if there is agreement between the Health Experts around the wo
So we could really use any of these measures as President Donald Trump said hes not considering a National Lockdown but is limiting nonessential travel on the u. S. And mexico border summer of the one taken with the u. S. Canadian border. Were working with canada and mexico to prevent the spread of the virus across north america very closely you heard what we did yesterday with canada is a joint comprehensive effort in collaboration with our neighbors. To measure and all of those measures that were putting in place will protect the health. A little 3 nations and reduce the incentive for a mr lobel migration that would barely deplete the Health Care Resources needed our people and so we are working very closely with mexico very very closely with. With canada and the relationship has never been better world working for the same toward the same goal. And new york is also taking more aggressive measures asking for all nonessential workers to stay home as cases climb to more than 7000 stati