Hardhit seattle shutting down its Public Schools for at least two weeks. St. Patricks day parades across the country canceled. Hospitals putting up emergency tents, bracing for the worst and overseas italy offering an ominous warning. That nations hospitals already buckling under the pressure of europes worst outbreak. As many cities and states here now cancel large gatherings, the nba suspending its season until further notice, and Dallas Mavericks owner mark cubans jaw dropping when he got the news court side. The game in oklahoma called off right before tip off as a jazz player reported to be positive. Todays game has been postponed. Fans evacuated the stadium. Tom hanks and his wife rita wilson reveal theyre infected. Their message from australia. As the world scrambles to come together to fight this new threat, our team is covering all the angles on this Global Health emergency. And good morning, america. Thank you all for joining us this morning. And as we come on the air this mo
Julie hyman with a closer look at the Economic News coming out this morning, including Consumer Confidence. 92. 6 is the Consumer Confidence index number coming out for may. By6 uses 96. 1 estimated economists. Lower than estimated. We have a lot of data, including the case schiller number and a personal spending increase that was the largest we have seen in seven months. We have been seeing strength in some of the economic data. That seems to be feeding into the narrative that the fed could move in june or july. Change in stocks. The s p and nasdaq were higher, but not huge gains and the dow is lower by four points. Not moving on the Consumer Confidence data. Aregroups on the move, we seeing more gains and losses in terms of the sectors in the s p 500. Telecom doing the best, followed by energy and utility. Discretionary with consumer are doing the worst. Apple is in focus after the rebound that the stock has been experiencing. Up 11 since a low on may 12. That was the lowest since ju
Julie you see all three major tool, the quote, and play to influence oil prices. Using it for 35 averages are little changed after falling as much as half a percent. Years. So that is one strike against them. They will say that they are if you look at the s p 500, it unified in the believe that the is just shy of 2100. That has been a tough level for market is ok taking care of itself with oil prices racing. The s p. Oil prices rising. 2100 is sort of the upward bound have been bickering about of what we have seen from the who will be the index. Secretarygeneral for the past it has had trouble staying above that level for any extended four years. The current secretarygeneral, his term is mandated expired period of time. Many, many years ago and he wants to retire. They finally chose a new secretarygeneral. Health care shares are on the rise. So some say at least they can you is still energy in the decide something. Losing spot here. So they can kick the can down the road in reinstating
Why he is endorsing donald trump for president in another exclusive you will see only on bloomberg tv. Jonathan a brilliant morning of conversation. Lets check in with our Bloomberg Team for indepth coverage of the stories. The one minute plunge and chinese stocks, and a look at the job report. Vw still being hit by email and cheating scandals. Lets begin in frankfurt, paul gordon joins us. Inline but still not great for president draghi. Paul inflation just below zero, employment just above 10 , a flight improvement and reason for the ecb to say the stimulus is starting to work at a long way to go. Where did the inflation come from . It has never really come from industrial goods, it used to come from energy and that may return briefly but it is hard to see that sustained. Services inflation is where the ecb needs to see prices increasing and that is a stretch at this moment. Jonathan if you are looking for a company that probably does not need to wait is germany. Qe is germany. Hand,
March. Last trading day of the month, a lot o data, more fed comments ahead of the jobs report on friday. At viacom the drama continues. The current board, well, its not going to go quietly vowing to dig in. And this is whats amazing, fight its Controlling Shareholders hold over the company. And a new name at the top, debt on the highest paid ceos and why the pay isnt moving the direction you may think. First up we head into the final trading session of may. The nasdaq leading the month more than 3 . If the gains hold this will be the fourth year stocks have major averages have gone positive for may. No selling and going away necessarily. Mike, your point this morning is stocks have been able to rally in an environment where a rate hike looked more and more likely. Exactly. Although its hard to say if the market is fully kind of digested that idea that were going june, july. But todays personal spending number kicks you in that direction again. Been a strain in the market for well over