'Bloomberg The Open' Full Show (05/19/2022) – YouTube

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'Bloomberg The Open' Full Show (05/19/2022) – YouTube

Jonathan Ferro highlights the market-moving news you need to know heading into the opening bell on Wall Street. Stocks lurching lower as traders
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BC scraps contentious deep well credits for oil and gas

Deep well credits, long a source of criticism from anti-fossil fuel activists and the Green Party as a fossil fuel subsidy that robs B.C. of its fair share of profits from natural gas extraction, are being eliminated.
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Samsung leader Lee excused from trial hearing as Biden to tour S.Korea chip plant | Reuters

Samsung Electronics Vice Chairman Jay Y. Lee has been excused from attending an accounting fraud trial hearing on Friday, a court spokesperson
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Inflation could force consumers to cut back on spending so much that they bring on a recession

… accounting for higher prices shows that personal consumption spending was flat overall. And inflation-adjusted retail sales look even worse,
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US stock markets fall sharply as investors worry about recession

All of the major US markets fell sharply, with the S&P closing down 4%, its largest fall since June 2020, and the tech-heavy Nasdaq losing 4.7%.
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