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Fighting, but its probably the air conditioner. Lets get to the news. When asked, in a new interview, if he had told staff to slow down coronavirus testing, President Trump said, quote, if we did slow it down, we wouldnt show nearly as many cases. The guy is so bad at lying thats like if your parents asked are you high, and you said, you know, marijuana is legal in several states. Following President Trumps use of the offensive phrase kung flu to describe the coronavirus, White House Press secretary Kayleigh Mcenany defended trump yesterday and said trump is, quote, linking it to its place of origin. The same reason trump refers to mcenany as liar factory. President trump gave a speech today in arizona to a group of young republicans. Of course, in arizona, t ....
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. Point ....
Halftime report starts right now. Welcome. Its good to have you with us on our wednesday. Jim lebenthal, Pete Najarian and from naples, florida, lizann sonders. Highs of the day, approaching big numbers, dow 30,000, nasdaq 10k, not that far away and cooperman weighing in on the state of stocks, telling us its not time to worry, yet. I would say were in the early stages of knocking on the door of euphoria but not quite euphoria certain parts of the market, like tesla, are in euphoria. Other parts, like energy, are in pessimism. These big numbers not all that far away, pete. All good, the market depends on what were focusing on. Are we focused on the coronavirus . If so, we go down. Generally were focused on earnings and we go higher. Thats where the market has been trading. Yesterday was interesting because apples with a little bit of both, right you look at apple. It was getting pushed down because of their guidance about what they ....
You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning ....
Disagreement. On restaurants and bustling enough the 1st night in a row to catalonia as president appeals for calm just independent supporters to plan more demonstrations friday. Mackinnon thanks so much for joining us the u. S. President donald trump is warning of the devastating sanctions against turkey if clams talks with turkish president type added one on not successful u. S. Vice president mike pence and secretary of state mike compare are heading to turkey right now to try to persuade im crying to hold its incursion into Northern Syria the turkish assault against former u. S. Allies the syrian kurds has also drawn in troops of syrian president Bashar Al Assad they have now entered the town of kabbani and also in control of the key town of man bitch much of the fighting so far has been centered around the border city of russell. Clouds of dark smoke cover the syrian ci ....