And let's take a look ahead of the events on
tap to move markets tomorrow. More earnings on tap
on the Thursday including from Honda which is going to
report its full year results. We'll hear from Rupert
Murdoch, own media company news Corp Murdoch owned Fox
Corporation reported a loss yesterday and luxury fashion company tapestry
, that's the parent of coach Kate Spade and we
will also report. We'll also hear from the donut
chain, Krispy Kreme as well as Chinese e commerce
company J D dot com. So you want to
stick with us on closing bell. We'll be breaking
it down all afternoon in real time here on the
show. More economic data on tap as well.
The producer price index or PPI giving us the measure
of wholesale inflation. So if a producer or manufacturer
is paying higher prices for their goods, those costs
are often passed down to consumers. March's report showed
that producer prices actually dropped by half a percent in
the month, largely driven by increasing fuel costs.
Those fell about 12% in March. Well, the
PPI comes just a day after the consumer price index
or CPI showed that inflation remains elevated in the US
that there were some signs of a slight cooling and
believe it or not after more than three years,
1.1 million deaths and six million hospitalizations. The US
is ending the public health emergency for the COVID-19 pandemic
comes just days after the World Health Organization ended the
global emergency declaration. Though the who noted that the
virus is still claiming lives around the world. So
what does it mean for Americans? Well, for
one, it means that vaccines and test kits are
no longer free though they will be covered by some
health insurance plans means that some people may be unenrolled
from Medicaid with one report estimating that more than 20
million people could lose coverage. So we'll continue to
cover this very important story in the days and weeks
to come if you want free COVID tests. I
think today is basically the last day that you can
stock up on those free Coronavirus tests.