United States, Kpmg, America discussed on The Opening Bell
Joining us for another addition of the opening bell and another business day getting underway in. Hey, it's may nother month getting underway as well. We've got lots to cover this morning, including markets from around the world and places where markets are open today. It is a major holiday around the world May Day is usually the big celebration in many countries. And so we'll get to the number of markets that are closed today. We'll also hit the futures market in the US to see what Wall Street may look like a little bit later on this morning and also some business headlines coming up as well. This morning on the program. We're going to have a conversation about healthcare as we kick off things this morning. Dr Mark Brunell will be here from KPMG international the conversation focusing on not necessarily health insurance or health coverage, but the health workforce, and the crisis growing crisis in finding doctors, and nurses that'll be first up this morning. A little bit later in the program at about five thirty eight this morning, Amazon has selected an area high school to take part in their future engineering program, and we're gonna the interim president of trinity high sister Judy Schaefer will be here at about five thirty eight it's morning to talk about the importance of this and the good things that are happening at her school again at five thirty eight this morning, but first let's begin on the WGN associated market desk as the opening bell gets ready to ring on Wall Street today after stocks ended the day mixed yesterday due to some weak corporate earnings from Google parent alphabet at the closing bell yesterday. The Dow Jones industrials down nearly thirty nine points. The NASDAQ fell fifty four and the s&p was up just three points. This morning futures are pointing toward a positive open. Dow futures up seventy five points nearly a quarter of a percent s and p futures are up nearly a third this morning. Nasdaq futures are up nearly three quarters of a percent. I'd mentioned it's a holiday in many places around the world today. And so we have no market information this morning from Japan where the new emperor has just ascended to the throne there also in Germany, Hong Kong, Mexico, Italy, France, Brazil, Chile China, India number of stock markets closed today for either Labor Day or another local holiday so markets will get back we think to full speed tomorrow or the next day in some places in Asia. Crude oils at sixty three thirty eight a barrel down about fifty three cents. Some headline tests. We begin this morning fast. Food chain subway is closing more than double. Will the number of restaurants? It had previously announced would be shutting down in its annual financial disclosure statement this week subway says eleven hundred restaurants closed in two thousand eighteen it had forecast only five hundred shut down. And that is the most closures in a year for the company. Subway has more locations than any other fast food chain with nearly twenty five thousand still open around the country earlier this month when announcing the forecast five hundred closures the company said it was looking to expand internationally with one thousand new locations in other countries. Mcdonald's bottom line is enjoying a boost from Donut. Sticks and bacon. The fast food chain beat giant analyst expectation as it released first quarter earnings and revenue yesterday. Thanks to the strong menu items and promotions, including the new doughnut, sticks baking, the company out of those doughnut sticks to its breakfast menu and held that one day bacon event. Back in January that call the big success number of sandwiches now include bay. And there are those bacon cheese fries as well. Mcdonald's. Global sales grew nearly five and a half percent in the first quarter of twenty nineteen and Facebook is getting a makeover CEO. Mark Zuckerberg showed off the redesign of Facebook's mobile and web apps yesterday and his keynote address at the company conference. In California suckered says the apps are built around private interactions and community. Facebook has taken a public relation shelling over the past two years about privacy and security. He promising to deal with those things as well. Let's begin front and center this morning with the health care as we discuss the growing healthcare workforce crisis this morning. Dr Margaret Nell is with us global chairman for healthcare government in infrastructure at KPMG international. Mark welcome to the program. I want to start off this morning by laying the groundwork for our conversation when we talk about a crisis in the healthcare workforce. How bad is it? Came in solving. Estimates. It will be eighteen million outlook is short by twenty thirty which is roughly twenty percent whole capacity to catch. Ability specifically in the United States by twenty twenty five we can expect. Another pool of one million in the United States and just able to one hundred thousand doctors by twenty eight. This is breaking now too close to the world, and it can get in the United States in America. A lot of us are concerned about health care. And a lot of the news coverage we see lately, and especially now that we're entering another presidential candidate can't campaign is health insurance. And the lot of the discussion has been over the Affordable Care Act, and whether we're going to keep that this seems to be based on what I'm reading from. You is a more serious, and it should be getting more attention. In american. Following the comments that he's on days? Jay, Biden, the Republican politics. Then sense about Medicare little is the right debate to have just a financing tonight. Ready money despise human beings. You came in bangs that fast and healthcare. That's the night -bility if you like cat. Listening quite attentively to the debates about medical think. Well, actually, it's about human beings, you need enough human beings to kind of a human beings face a future at the moment in the United States and also play play. But that will be simply much healthcare will connotes NFL says I'm haven't heard anyone talk about that yet now days your election is is in nineteen twenty. I'm. In the democratic primaries, and and the election itself, I would hope that people will talk about this mole because they all the way to financing health systems, but more importantly than that is to think about people who can't the cameras and Sammy my message, Michael human is we need to spend more time thinking and talking about that because there's a Tuesday, which basically says those mohel without the world we need to be talking about this senior all later. Yeah. And you know, we probably should mention to that. We're talking about all kinds of healthcare professionals here in Illinois. We have been having a debate about nurses, because of the nursing shortage to the point that there's a discussion about relieving some of the staffing hours of nurses are on duty longer. And they don't have to take as many breaks. That's where the discussion is at least. We're nurses are concerned having the work longer hours because there are not enough of them. The same applies for America as well. We know that about twenty percent of the tolls. About twenty percents Patel's. They can be done by the people. So you could have. Physician's assistants and also cool can be supported by technology. But the issue of extending shifts or working now is is to try to get more productivity towns style. And I might book that healthcare is is roughly about homes productive industries, depending on how you measure it. So long shifts to a point it doesn't really solve the underlying problem because if you do that you coming crease spice, and we do know that you'll necessary doctors in America, put stress and experiencing now, which is. In one sense. Because as you know, American navy spends eighteen percent of its on health guy, the richest country on the planet is spend more than any other country on how you would expect it to be able to Catholics because that's most sympathetically, and I it's a complicated all the many and combs about this. But simply extending shifts while it increase productivity. Showtime isn't a sustainable long term solution to the global workforce places in healthcare. We're on this morning with Margaret Nell, the global chairman for healthcare government and infrastructure at KPMG international. His new book is called human solving global workforce crisis in healthcare. We're going to continue our conversation. Mark hang on with us as the opening bell continues in a few minutes. But first we have to take a quick break here to update traffic.