The Day Ahead: Honda Earnings, Inflation Gauge & U.S. COVID-19 Pandemic to End

Closing Bell

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 also 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 the 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.