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
Why newly surfaced body cam footage of an incident from 2019 could raise new questions in the investigation of his shooting death in february. And safer skies. An inside look at how one airline is taking lessons from hospitals to make people feel safe about traveling again. But first, heres todays eye opener, your world in 90 seconds. I happen to be taking it. Hydroxychloroquine . Im taking it. Hydroxychloroquine. Right now, yeah. The leader of the free world reveals hes taking daily doses of a drug medical experts and the u. S. Food and Drug Administration warn could have harmful side effects. Hes our president and i would rather he not be taking something thats not been approved, especially in his age group and his, shall we say, weight group. What is morbidly obese. Reporter more americans are heading back to work as states continue to ease restrictions. It never has been about money. Its about our freedom. Monday, new york, california and texas joined the Sunshine State in saying t
Were at the lows of the day thats where we are. About a 600 point loss for the dow. Nasdaq a bit more than that. The russell which has been a real outperformer giving back 5 now. S p coming off its best month since 1987 we have come a long way off the lows april was an incredible month. We said best since 87. Are we primed to go higher in may . Are we poised to go lower because of how far we have come . You know my answer is i can make the case for either way but what im going to tell you is the weekly closing candle is disgusting now we had a huge comeback but even at its peak which i guess was some time yesterday or the day before, only 0 of s p 500 names had gotten back above their 200 day. So you had almost a third of the market back in some semblance of an up trend and we rolled hard look whats rolling. All of those beaten up names that rally this week, the airlines, the oils, the stuff we said okay, thankfully those shareholders got a breather trashed again today. Rollovers and h
Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but just to i illustrate what is impact here on percentage term is bigger impact there the selloff is revisiting session lows. Right out of the gate we were down close to 1000 points. Right now, the dow underwater for the year with 922 point hit. Deirdre bolton at New York Stock Exchange. Reporter neil, were negative on the dow and awfulally close on s p 500. We need to hit 107 lower to completely wipe out the gains from 2020. Let me tell you some groups. You covered some weighing on these markets. If
This is traffic going southbound moving into a newly built home. On highway 101 in san mateo just ben expected 52,500 for before third avenue the offramp there just before the offramp unplanned rent payment, after this crash occurred. Look at maps. Im told overnight there was a our team stepped in the builder settled the case. We added that to the total, sing csh and then on is a Person Injured i together telemundo 48 and nbc the original crash and taken to the hospital and a second person bay area responds have there to help out have been killed at the southbound 101 and 4. 29 million for viewers like that has three left lane blocks. You. You could send us your consumer two lanes are open. Tips at 888996tips in english so very carefully past the or 8444084848 in spanish. Scene. And now popular and peninsula will get you past the scene on have a great weekend. Surface streets if you are and were tracking this traffic center. Headed toward third, the rest of the bay is of moving smoothl