wars and geopolitics and in a matter of a couple of hours on the futures market here in the united states tyson what do you think absolutely you know national oil companies always appear to lose when they try to take on oil traders and this is just another example and nobody surprisingly enough seem prepared for negative pricing t.i.i. or west texas intermediate and smart price and the problems continue to persist in fact there was a stirring letter written by the republican chairman of the independent u.s. agency that regulates this market oby commodity futures trading commission basically reminding exchanges and other marker to suspend it's that they need to be vigilant about their duties and responsibilities to keep these important benchmark products oldman so what we really have here is a lot of market disciplines are saying the way from. some of these other key. benchmark products because they continue to be concerned about prospects of negative prices which is obviously not a good thing if you're an investor but i think as part of a transformation up a united states economy in the global

united states. cargill, jps, national beef and tyson foods. these companies control more than three quarters of the american beef market. iowa senator chuck grassley sent a letter to attorney general bill barr on april 1st pushing for an investigation looking specifically into the possibility of potential market and price manipulation, collusion, and restrictions on competition. >> when you have three or four packers killing 75% of all the beef in the country, there's residents trickle reasons to raise questions. >> grassley is pushing legislation that would increase transparency and cattle pricing. a century ago, president woodrow wilson called for an investigation into the meat-packing industry. the result: a settlement with doj that led to regulation of the industry. bret. >> bret: david spunt outside doj. thanks. iowa republican senator chuck grassley is calling out the administration tonight for failing to adequately explain the president's recent firings of inspectors general. grassley says the removals by related requirements to provide

. >> nearly 900 workers have been infected at a tyson plant as the president of the united states orderedm to remain open. and food banks continue to rise as demand is higher. adversity came to town and said, "show me what you're made of." so we showed it our people, sourcing and distributing more fresh food than anyone... our drivers helping grocers restock their shelves. how we're helping restaurants open pop-up markets. and encouraging all americans to take out to give back. adversity came to town. so we looked it in the eye. and it won't be us... that blinks first. that's why working together ist more important than ever. at&t is committed to keeping you connected. so you can keep your patients cared for. your customers served. your students inspired. and your employees closer than ever. our network is resilient. our people are strong. our job is to keep your business connected . it's what we've always done. it's what we'll always do. hey allergy muddlers... achoo! ...do your sneezes turn heads? ♪ try zyrtec... ...zyrtec starts working hard at hour one... and works twice as hard when

tyson foods produces 1 in 5 pounds of all chicken sold in the united states, including those chicken at the ball game. this is the very street plant in springdale, arkansas, the company's world headquarters. springdale is a city of nearly 80,000 people, and the name ticen is everywhere. >> look at all those tyson trucks lined up. >> here you go. >> thank you. >> we do about 11 million pounds a chicken a week out of here. >> that's a lot of chicken. >> i look great in brown. while i've cooked tens of thousands of chickens, this is the first time i'm seeing the hard working people responsible for processing them. it's humbling. tyson employs more than 1,500 workers in springdale. nearly a quarter come from a surprising place. >> we're the largest population of islanders in the country here in springdale. >> and you're the largest employer of marshall islanders outside of the marshall islands. >> correct. >> the marshall islands is made up of more than 1,100 islands in the ocean and atolls, the most famous of which is called bikini. >> the united states government now wants to attempt t

known however it has been exposed to more public scrutiny in march tyson reported on the outbreak of covert $1000.00 in the united states the article itself was objective and well researched but the magazine's cover caused quite a stir the implication of the image was that the virus originated in china and was having a knock on effect around the globe. many people on social media saw this as a betrayal to the country some even accused thai scene of working closely with was the media this incident shows that as tyson becomes an ever more important part of the chinese media landscape any added to his slip can trigger a significant social response to yoko. and we were very keen to speak with someone from citation for this piece an editor of porter and we wrote to them through multiple channels now in some cases we got just a polite refusal in others our email or messages just got no response at all now other international media outlets like the new york times and the wall street journal they've reported similar experiences why do you think this is what's behind this policy of silence from session. which it is going to. be

the outbreak in logansport is the largest outbreak at a tyson plant in the united states.now as the company works on a reopening plan. president trump invoked the defense production act to mandate all meat plants stay open during the pandemic. >>> stocks are down this morning despite some good earnings reports. amazon ceo is being called to testify before congress. pam cook is here with today's dollars and sense. >> reporter: blue origin founder jeff bezos is the only ceo of one of the four big tech companies that has not testified before congress over privacy and regulation issues. amazon is accused of misleading congressional leaders about its business practices. keep an eye on amazon as it's one of the companies that disappointed industry with earnings before the opening bell this morning. clorox, exxon and estc lauder all beat analyst expectations. disappointing earnings for some of the big tech firms including apple. amazon beat the street but going forward they would have big operating costs related to the pandemic. that is taking the index is down this morning. the

tyson reopening the largest pork plant in the united states partially i should say, with several safetyfications including an on-site clinic. sonny perdue said a few minutes ago, in seven to 10 days the supply chain of meat should be back to normal, something a lot of people are looking forward to. amid this shortage i shut point out beyond meat is surging. that stock closing up 26% today as apparently investors were hoping people would turn to plant-based meat alternatives. they say it is a good time to buy. some people wonder about that, because that beef, plant-based beef is a lot more expensive than regular beef. by the way, one of the shipments back at the butcher shop was beef. plenty here to make burger patties. people saw reports, melissa, learned it from the owner a few seconds ago. they got 40 new orders because of this. they were happy to fill them and were able to. melissa: good to know, grady, thank thank you connell? connell: a man who was desperate to have his business not go under. he own as fitness center in plain view, minnesota, he opened despite a statewide close ord

the foreseeable future over here in the united states there was a recent outbreak at a number of meat packaging plants in particular i'm talking about the tyson food are they planning to reopen right so on the national scale you had 20 workers that had died of cold at 19 a nearly 4200 meat packers at 115 processing plants they had been infected with corona virus which is why you had dozens of plants with nearly half a 1000000 workers processing pork beef and chicken alone closing at the same time you had president donald trump signing an executive order requiring me processing plants to stay open by putting precautions like social distancing in place well here's what the president of tyson says the company is now doing he says they have taken every possible precaution they've hired matrix medical to visit their facilities where there's been a surge in cases all to make sure that the disease is not spreading in those plants and also knowing what goes on in the community he says this gives tyson's team that actually make sure that they can put food on the american table so sorry you also had these out the court of south dakota scuse me processi

tyson foods is the top u.s. meat supplier. hiked up the price of beef around the united states.hearing from dow jones they are reducing some beef prices as the coronavirus pandemic pushes these grocery store costs higher. on daybreakoming up australia, we get a preview of the new zealand budget due later on, this as the nation emerges from its strict virus lockdown. this is bloomberg. ♪ >> we are watching daybreak australia. let's see how it markets across asia are setting up after dire economic forecasts in the u.s. >> that decline in global stocks will likely persist throughout the asia session as we learn if japan may personally lift -- may partially lift the state of emergency. we will watch for potential mls cuts from china with the junk bond market adding to the impetus for easing despite the pickup we have seen in credit growth. we are seeing u.s. futures hold a three-day loss. s&p closed at a three-day low as briefly fell below 2800 more big-name investors voice skepticism on valuations. a key resistant level for the second time in two weeks, indicative of subdued risk a

united states over 10 years ago via thailand. she had been hospitalized since march. over 300 workers at the jbs greeley plant have tested positive for the coronavirus. meanwhile, in washington state, workers at the tyson meat plant protested working conditions after three coronavirus deaths, and over 270 infections, were reported. in california, a 74-year-old immigrant died of suicide sunday at the mesa verde detention facility in bakersfield. choung won ahn had been imprisoned at the for-profit immigration and customs enforcement jail since february and for months had been pleading to be released as he suffered from diabetes, hypertension, and several heart-related issues which made him extremely vulnerable to covid-19. but ice repeatedly denied his pleas for freedom as he feared contracting the virus inside the squalid crowded jail. mesa verde is run by thehe prive prison company the geo group. president trump is ramping up his attacks on the world health organization, threatening g mony to pull out of t the interernatl organization and permanentntly freeze u.s. funding. this came as the who's annual global meeting took place. the chinese president xi jinping pledged $2 billion to help international

tyson though partially reopening the largest pork plant in the united states today. that is outside of waterloo, iowa, and there are some restrictions to keep workers safe. there is also an on sight site clinic at that location. at the same time tyson closing another pork processing plant, after 60% of the employees at the plant tested positive for the coronavirus. here at this shop there are some products hard to come by, namely bone-in pork products and bacon. you can't buy bone-in pork products here today but nonetheless the owner has been scouring suppliers and urging customers not to stockpile meat and not to overbuy. >> get what you need right now, maybe last next few weeks. you know, my guess, i don't have a crystal ball, but you know, just don't go crazy. not toilet paper. that is the joke around here, we've become the new toilet paper now. reporter: amid this meat shortage beyond meat stock is surging today. a lot of people seem to think that is a good alternative. that is plant-based but some people say, maybe it is not a good time to buy that stock because

united states some of the country's largest food processing plants have been ordered by states to temporary league clothes as thousands of workers test positive for the novel coronavirus including tyson foods smithfield and j.b.s. all meat producers but president donald trump has announced plans to require plants to stay open citing the defense production act after tyson foods announced that millions of pounds of meat were expected to disappear from store shelves and this operations continue so far at least one large chicken processing company was forced to reportedly killed 2000000 birds due to worker shortage is a pig and cattle farmers are also considering euthanizing herds due to supply chain interruptions even potato farmers and i don't know have been forced to deal with having too many crops on hand one farm is reportedly giving away 2000000 potatoes so they don't go to waste just a lot of people are worried that we're going to run out of food here in the united states but experts say that's incredibly unlikely the main problem is that we just can't seem to get food from the factories or the farms out to the people how can the supply chain possibly break in such a high tech int

united states just warned that more meat shortages are coming. jane king live in new york with those stories and more good morning jane. >>hi robin good morning, yes, tyson's the 2nd quarter profits fell 15% as the coronavirus just up is the food supply chain, the largest meat producer said more shutdowns are likely and that it cannot predict the full impact it will have tyson employs about a 100,000 people and it has been forced to temporarily closed several of its meat-packing facilities because workers there got sick california will need to borrow money to pay out unemployment benefits, illinois and connecticut could be next over 30 million people filed for unemployment for the past 2 months and this unprecedented surge has overwhelmed states safety net states of our own money from the federal government may have to readjust their budgets and make some tough decisions down the road by sales are booming during the lockdown there the highest since the early 70's people are turning to buy stirring current team as they look for ways to get some exercise and be environmentally friendly cruise line says it will resume some of its ships sailings this summer co

united states, more than 800 people dying in the last 24 hours. brazil is behind only the us until cases with 374,000. >> the largest meatpackers being investigated by the feds for price-fixing. political reporting focuses on tysonods, national beef, the meat causes increased during the pandemic, cattle prices have gone down. companies say they raised costs, several plants are shutdown due to outbreaks. jillian: the country coming down with the to state law down lose as we await to fully reopen. >> the editorial board arguing democrat run states slow rolling that process hurting the national recovery. when will we bounce back? >> peter morici joins us with a potential timeline. there are so many business owners saying if big-box stores open, i did the same thing but i'm independent store, why can't i if i can take all the same safety precautions and do everything the big-box stores are doing how important is releasing a day matter for these business owners? >> every day that goes by, more small businesses fail, the reality is he's a progressive who believes in compliance, control, regulation and individuals won't be responsible the way they are being asked to be responsible in florida, we have the contrast betwe

tysons food, g.b.s., cargill, and number four, national beef. because these companies control a large percentage of slaughter and processing capacities in the united states, they have the unique ability to influence the price of live cattle. they use tactics such as bottlenecking, process speeds, importing foreign meat, utilizing private formula contracts, and piling up meat in cold storage to delay the need to purchase live cattle from the family farmer. i'm glad the president asked the department of justice to look into these schemes to see if any of this behavior is illegal, the same request i made to barr about a month ago. independent producers will always struggle with negotiating prices when there are only four large multinational corporations that control prices. however, in iowa, it's a little different. our producers sell 50% of cattle to negotiated gas -- through negotiated cash prices. this allows for market transparency so producers know the market price of cattle and the price more accurately reflects the costs that the producer incurs when raising livestock. however, this isn't the case across the entire united states as more than 80% of a