eunice yoon is in beijing and joins us now. eunice, data is disappointing people and it's the industrial production figures that are weak. >> right. the industrial production numbers are weak and a whole set of numbers are disappointing people, for sure. a lot of people have been talking about how the numbers are so much weaker than they had expected, even though from a relative basis, 7.7% growth sounds like a pretty good number. now, what we're seeing, though, here is that this data is feeding into a larger debate on just how the economy is rebalancing. is it rebalancing or is it not rebalancing? and is people have been talking about how, you know, just going into these figures this morning, everybody was expecting the numbers to either meet or beat expectations because the credit has been so easy, there has been a lot of solid expert growth here, as well. people were expecting stronger numbers. but now you're seeing that despite the fact that the authorities have been turning up the credit, the real economy hasn't really seen

eunice yoon joins us live from beijing. hi, eunice. >> hey there.ot of people are asking that exact same question. and what we're really seeing is that these numbers are feeding into that whole debate as to just how strong the chinese economy is. as you guys were talking about, the hsbc pmi came in at 50.1 for april, which indicates we are seeing an expansion, but it's just a lot weaker than most people had expected. so because of that, people are talking about how at best the manufacturing activity is really quite slow. now, there are two things that people have been talking about here since those numbers have come pout.one is as you guys mentioned, global demand looks very weak. that is a big concern going forward. another point is that people are talking about how the demand has really impacted the factories in china and the hiring here. so that is another key point that people are talking about. but, kelly, overall -- numbers are forward and a lot of analysts have been talking about how they expect those numbers to continue to look weak. >> it's

but as eunice yoon confirms, it's not just for those looking to expand in the country. >> this may look like an apple ad, but it's an expose. apple was recently targeted, accusing it as treating customers here as second class compared to others around the world, including americans. apple apologized, but the attack by the government-backed media raised concerns that beijing's attitude towards companies is about to turn sour. >> a foreign company may be easier to go at than local. we've seen in it past. >> for decades, beijing courted companies from overseas. china got jobs, evenls got affordable goods. and but now firm res facing what they fear is a new reality. a tougher business climate in an important market. many worry about cyber espionage, new taxes and policies that seem to favor chinese brands, despite long time frustrations, the playing field here is far from fair. >> it's hard to compete with a government-backed entity. we've done pretty well doing that, i would say. >> do you think it's fair? >> i don't know if it's fair or not. it's china. >> not all the concerns are related

eunice yoon is covering the situation and she will join us at 6:15 eastern, joe. a lot to talk about this morning. >> there really is, becky. yesterday during the session as it was heading lower, it was because of the weak adp report. people were worried that the market had gotten ahead of itself based on economic fundamentals. then you get the guy later john williams who is making you think the economy is going to be strong enough to stop the end buying in the summer. those are diametrically opposed things. and then any country, even north korea, if a country says its army is preparing an attack on the united states, i don't think it matters who it is or whether the threat is real -- >> these guys are crazy, though. this is a regime you don't know what to think about. >> but no one really believes they have a delivery system that could reach the continental united states. but -- >> but it changes the entire system. >> we've got 20,000 guys in south korea and all the other people in japan and in that yeah that possibly could be, you know? >> the capital of south k

our eunice yoon is going to join us with more from beijing in just a few moments. let's take a look at oil prices. there are some massive moves throughout some of these markets. oil prices down by $2.70. that's almost a drop of 3% to 88.59. concerns about that weakness in china playing out here, as well, because people are looking at this and realizing that you are going to be seeing some smaller growth coming, less growth coming from china over the next decade than over the last. if you look at the broader markets, the ten-year note here in the united states is now yielding 1.733%. if you take a look at the currency markets, right now, the dollar is stronger against the euro and the pound. euro is at 1.3059. the yen is at 97.79. and gold prices this morning, as we mentioned, have been taking a huge drop today. down 92.50 to $1408.90. right now, it's time for the global markets report. kelly evans is standing by in london. kelly, this is a lot of things we're trying to figure out. >> there's gold going by right now, down $108 at 1393. so we're frozing on down 9 2.

for more, we're joined by eunice yoon. eunice, how serious is this outbreak? how believable are the government's plans? how comforted are people by the government's plans to contain it? >> people are -- aren't necessarily so comfortable. obviously, the chinese officials have been making a lot of assurances to try to get people to stay calm. they've been saying all the things that you would expect them to say, which is that they've taken action at the markets. they've stopped all the live bird trading. they've shut down markets. they've culled tens of thousands of chickens. they've also said time .again that they wanted to make sure people now there was no evidence of human to human transmission, which, of course, is very important in these types of situations. just because in the history of what people have seen in the past -- and i'm talking specifically about ten years ago in 2003 durs the sars outbreak and the fact that the authorities here at that time had moved very slowly in trying to contain this and in being forthcoming with information, people still r

eunice yoon joins us from beijing.re going to watch this incredibly closely because of all the issues they've had with poultry there. >> that's right. they have a lot of issues because of antibiotic scares so people have been shying away from their products. but also, wa people are worried about is going to be, you know, really hitting yum brands today is the fact that the bird flu scare has just gotten so big. there's just so much uncertainty about bird flu now. we have no idea how this disease is being spread. we also know that the mortality rate is really high. it's at 20%. so because of that, people are really scared here and a lot of people have stopped eating chicken. the poultry industry said they've lost $3 billion since the outbreak and also restaurants, too, have said that they've seen their business drop by 15% for the most part. and a lot of that is not only because they say that, okay, we actually realize that it could be true that chicken is safe to eat, but we just don't want our servers to be handling a