Down big right now. In an attempt to get back to business in texas. Were going to speak with one restaurateur about how it went and what he sees ahead it is monday, may 4th. This is Worldwide Exchange right here on cnbc good morning, good afternoon, or good evening, welcome to wherever in the world you may be watching. Im Brian Sullivan the question is this, will the second trading day of the month be better than the first right now it certainly does not look like it dow futures are off about 240 points the dow opening the month on friday, losing more than 600 points it was the nasdaq hit harder Big Technology down over 3 . Apple, amazon, the big names you know disappointed some investors. Although its not gone negative again, oil is a big risk to the markets and investors as well and crude oil is down again. That is that june contract its higher as you look out july and august right now oil down as well as we have reported often over the last week or so, just a reminder, even as deman
A fox business exclusive with the ceo on the muchneeded money the frenchowned bank threw in to pull it off in a new york minute. Plus, the Restaurant Industry paralyzed by the coronavirus lockdown but the Chipotle Mexican Grill ceo still has customers lining up around the block in their cars. Brian nichol with us live on the successful shift from casual dining to Curbside Pickup among the covid19 challenges. Lol surprise dolls were the hottest toy on the market last christmas but could next years visit from kris kringle already be in jeopardy . We have the ceo of lol and bratz dolls on helping First Responders even as his Family Member clings to life and his business is a little rocky. Its a Small Business rescue loan money now slowing and when we might all find out what Warren Buffett is doing with his huge cash pile. Less than an hour to the closing bell. Lets start the claman countdown. Liz all right. We just have gotten this breaking news. New York Governor Andrew Cuomo moments ago
Tensions with the u. S. Remain tightened. Those stories and more tonight nightly Business Report for tuesday, june 25th. And good evening, im Contessa Brewer in for sue herera. Welcome aboard. Good to have you back. We begin with the Federal Reserve, which has been a iving force of course for stocks. The market has been looking for an sbes rate cut as early as next month. Any suggestion one is coming, investors cheer. Any suggestion of something else, stocks falter. And thats what happened toy. Fed chair gentlemjerome powell e fed o grappling with whether reduce Interest Rate and while he said there is a case to be made for lowering them preempively, he said he did not know how long all the current economic uncertainties willast and h warned against Monetary Policy that responds to shortterm political interest. Today, the dow fell 179 points. Nasd down 120. S p 500 slid by 27. Dominic chu sarts as off. Jerome powell saking at the council on Foreign Relations saying the Federal Reserve
Since april and the first time in 47 sessions where it broke the streak of days where the s p hadnt dropped by 1 first time we have seen a loss like this in a while nasdaq was down 2. 2 that was the worst day since february if you look at treasury yeields, we saw action. The 10year treasury pushing higher the 10year is 4. 41 2year at 4. 19 . Andrew, we talked about the market blowing off the downgrade from fitch in the morning. Yields under pressure which is the opposite through the course of the day, yields did pick up a bit i know you have comments from Warren Buffett in a moment i dont know if this is a number of earnings which were better than expected, but some were weaker you have the report. That brought the expectation to bring more pressure on the fed to raise rates that, to me, is a much better rationale than the fitch report. As you know, my view is not that it is silly. It is important to say aloud the world is a relative place. If you downgrade the United States, you have
Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while