Part of that down to the uae and kuwait deciding to cut production. Haslinda chinas factory gate prices fell while consumer inflation eased, pointing to weak domestic demand. Bloomberg markets coanchor Tom Mackenzie joins us from beijing. Take us through the key takeaways. Thatthe top line is Producer Prices fell more than expected. 3. 1 compared to a drop of 1. 5 in march. That does suggest weaker Commodity Prices. Going forward, Bloomberg Intelligence expects that deflationary picture to continue given that the economy will remain under pressure and we have pretty weak demand. That raises questions about the possibility of these corporates and their ability to pay down debt. Consumer prices rose 3. 3 . Poor crisis continue to rise at a slower pace. Pointing to a weaker demand picture. It is going to reinforce the case for a more certain policy support. Moderating,pi is the other question is whether this starts to spread internationally as well. They are saying there couldnt be a wors
Reductions in retail and wholesale trade. Most districts continue to report trouble finding advocates. They span most industries and skill levels wage pressure was strongest for low skilled position one provider of Business Security services in seattle reported labor costs are the highest in the companys history. And in chicago, there were multiple reports of Companies Big back retired workers to build a gap. Most districts supporteds moderately slower spending dallas did note stores near the Mexican Border continued to be challenged Consumer Spending was mixed with weakness in retail, and prices rose modestly, with retailer reporting higher costs due to tariffs. Sales expectations were optimistic for the Holiday Season in the boston district. One retailer reported that import duties on some european luxury goods were going way up this is the last phase of the report for 2019 so sorry thank you so much diana olick reporting from washington Steve Liesman is alongside us now. Zbrl i thin
New light on his goals for a second term, his plan for mass deportation of undocumented immigrants, and what hes saying about states potentially monitoring pregnant women for abortions. Pollution concerns in the heartland. The new claims about a Major Food Company and millions of pounds of toxic pollutants dumped into rivers and lakes. A new move by the federal government to legally reclassify marijuana. What it could mean for restrictions on the drug. The buzz in the big leagues. As you can see, its quite a swarm down there. The unusual delay and who ended up saving the game . Sea lions surge the mini invasion in the city by the bay, and the change coming to dave and busters. A sign of the times. From abc news in new york. This is america this morning. Good wednesday morning, everyone im andrew dymburt. Happy wednesday im rhiannon ally. We want to begin with the breaking news overnight. Police in riot gear arresting dozens of protesters at Columbia University here in new york, some of
Here, when any of this was going down, when the account was going down, and probably wont be here for the foreseeable future, a couple of the students werent even involved in planning any of this or they werent even here. Also, the University Said it handed out warnings signed by the president and provost thursday night when the encampment first started tuesday, copies of that warning could be seen on posters around the encampment placed there by university officials. It says students could face suspension and some students are receiving personalized emails. Encampment organizers say the university is targeting certain people. A variation of muslim brown or black, or some mixture of any of those things. Only white students that have been given this disciplinary letter were antizionist jewish students at stanford spokesperson said that the university cannot comment on any individual student cases, but in general, students are being referred to the office of Community Standards for viola
Shazam is this an Artificial Intelligence play . Were going to look. Whats to buy ahead of tax reform debate on whether Airline Stocks could be the big beneficiaries of any tax bill. But we do start with the story thats taken wall street, main street, any street, frankly, by storm, and that is bitcoin. Bitcoin futures popping in their first full day of trading on the cboe Cnbcs Bob Pisani joining us with that story. Bob, everybody is talking about it. It is and its finally happened the good thing is at least trading has happened and relatively orderly we passed 18,000, folks. Bitcoin futures opened 6 00 last night eastern time, 15,000, moved up very, very quickly. Here you see its over 18,000. So its been small, 3,600 contracts, figure the math here. 17,000 p 17,000, 18,000 about 60 million. Thats not a lot but its a start at least heres whats important. Lets go over what exactly a futures contract is, why this is so important first of all, its just agreement to buy or sell a commodity