Attention on the show. The fact that the concentration of cases, still seems to be overwhelmingly in the new york city metropolitan area. That includes all five boroughs. Outside the Greater New York city area. Now that is not necessarily a shock. What tends to be here is the idea that when it comes to the number of new cases and the deaths it is about two out of three in both cases that come from the new york city metropolitan area. Why would i mention that . Because on the 15th of this month were going to see the state ease up on some of the stay at home provisions but that will be largely in upstate new york. So we are telegraphing from what he is saying, this is me making that leap, it certainly doesnt look like it would happen in the new york city area, particularly the concentration of these cases remains in the new york city area. Another footnote on these reports here, most have been at home. Most of these cases, indeed most of the deaths, they are older, they are more likely t
The market did give back gains we had seen earlier in the session. Part of what we had been seeing with wti prices. Oil prices up. Wti potentially having seen the worst. Talking about disney in a minute they are reopening disney shanghai on may 11 wti up 3. 5 . 23. 40 it has been a long time since weve seen these levels, andrew. It is joe, or becky. We may have to get tacos for joe at the end of the month. Dont worry about me, andrew. Thats like 6 for 12 tacos. What we have to worry about is the hypo allergenic malte opinion poo or whatever. I told you id be happier to see stocks higher so i could buy my own dog i thought, wait a second. Doughnuts for andrew taco bell. Then she slips in the hypo aller againic labradoodle. Shes smart. Andrew, where are we at we could be at 3,600 or 1,100 by the end of may who knows the reason i said that. Over time, i would have never bought stocks on may 1, which makes me think i should have well see. By the end of may, well it may be obvious to buy on
Tea leaves boosting stocks china says trade reps are in close contact with the u. S futures do point to a second higher open. Plus, putting mergers on notice Elizabeth Warren drafteding legislation to reverse mega mergers. And a shakeup at united airline, oscar munoz stepping down president scott kirby will take over next spring we do have breaking news on gm for that we will go to phil lebeau in chicago. A busy day, phil. Reporter it is a busy day, phil General Motors announcing it is forming a joint venture with lg chem the two companies will be creating an electric vehicle battery plant in northeast ohio. It may be if lorn lordstown or outside lorsdtown where gm used to have a plant. They sold the plant earlier this year gm will invest up to 2. 3 billion into that joint venture with lg chem located near lorsdtown, ohio and create up to 1,100 new jobs this is a move many expected they talked that it had plans to add jobs in northeast ohio we will talk first with gm ceo mary bar repor
300 points, essentially gaining back what was lost yesterd wh the fed cut Interest Rates and then hinted that there might not be any re. But everything changed at midday when President Trump tweeted that he plann to impose another 10 in tariffs 300 billion of chinese goods, and the Market Reaction was immediate and sizable. The industry avera fell 280 points, 26,583. The nasdaq was down 64. The s p slipped by 26. Companies most vulnerable to higher tariffs were especially hit hard, incding caterpillar, boeing and apple. Eamon javers starts us out tonight from the whitehous reporter President Trump spoke to reporters at the white house today after issuing that sees of tweets suggesting hes going to be raising tariffs on chinese products coming united states. He said he wasnt concerned at all about that stock markete selloffw this afternoon in the wake of his announcement. He said he expected that, and effectively h effectively here he blames the f stock marke not fully understanding wha
10 00. Yes, our 10 00 get, Peter Navarro, looking forward to that as well. First hour, lets get to our road map renewed trade uncertainties, of course, thats what were talking about just now, weighing on stocks. The s p is poised to pull back from that record as the Trump Administration now threatens new tariffs on the eu. And as jim just said, white house trade adviser Peter Navarro will join us, first on cnbc interview. News, news, news, news. It should be. Always enjoy having mr. Navarro. Plus, cook, absurd and dont match with reality apple ceo tim cook blasting reports of tensions with jony ive. We have in nike backlash, the Company Cancels plans for some sneakers a big issue, but some sneakers they were going to put out with an early version of the American Flag you know their Customer Base my father, his workshop, we went there 50 times, across the street, and i just i know the countrys a changed country, but that is kind of a proud art of the philadelphia tradition but hey, you