Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Commitment to reviving inflation after yesterdays landmark German Court Ruling. Disney takes a 1. 4 billion hit. Bmw joins Fiat Chrysler and vw on warning for the Second Quarter. Unicredit set aside 900 Million Euros. We break the full forced quarter members. Firstquarter numbers. Have we have manus we those firstquarter numbers, a loss of 2. 71 billion for the First Quarter. The market penciled in a number of 1. 95 billion. You are bang on the money. They were one of the first to come out with 900 million set aside for covid19. Italy will contract by 13 . This is the challenge for they were one of the lead nonperforming loans. Unicredit, the stoxx 600 banks index still underperforming. The exposure is a critical issue for all of the banks. We do not seem to have broken that symbiotic relationship between banks and the sovereign. First quarter loss, 2. 71 billion. Net profit a year ago. This is a bank influx at the moment. In flux at the moment. We are waiting for numbers to come throu
Expected to have a real estate boom he says yes and has the numbers to prove it. You are watching Worldwide Exchange here on cnbc good morning welcome from wherever in the world you may be watching. I am brian sullivan. We are keeping our physical distance but hope you are doing well despite 25 plus Million People out of work and the steepest drop in retail sales in 30 years, the stock market looks forward and likes a bit of what it sees. Futures are higher once again. The dow surged closing above the 24,000 mark for the First Time Since april 17th capping a foursession win streak. The dow industrial average is up 10 this month ahead of the open trying to break a threemonth losing streak. A very different story on oil. Crude oil is lower right now nearing an important level a couple of things wonky going on bare with me i know it is early you have to watch the oil level. We could see selling pressure accelerate because the chicago amerimercane exchange recently changed on that contract
A black monday crash this time caused by investor fears over the handling of the 1000 crisis. Broadcasting live from our studios in moscow this is r. T. International im sean thomas certainly glad to have you with us all right several countries have declared an emergency on friday in response to the outbreak of covert 19 in spain joined a number of other european nations which are struggling for containment measures and now donald trump has announced the u. S. Is stepping up its risk level and response to unleash the full power of the federal government did this effort today i am officially declaring a National Emergency. 2 very big words. The action i am taking will open up access to up to 50000000000. 00 of. Very importantly very important. A large amount of money for states and territories are these in our shared fight against this disease and we heard from trump you speaking in the white house rose garden surrounded by mike pence and other officials explaining the dramatic measures
1000 crisis. Our broadcast my director our studios in moscow this is our changing national and sean thomas glad to have you with us. All right several countries have declared an emergency on friday in response to the outbreak of covert 19 spain joined a number of other european nations which are struggling for containment measures and now donald trump has announced the u. S. Is stepping up its risk level and response. To unleash the full power of the federal government did this effort today i am officially declaring a National Emergency. 2 very big words. The action i am taking will open up access to up to 50000000000. 00 of. Very importantly very important and a large amount of. Money for states and. That is in our shared fight against this disease and we heard from trump you speaking in the white house rose garden surrounded by mike pence and other officials explaining the dramatic measures now being taken in the United States in response to the corona Virus Outbreak now so far in th