— This is the script of CNBC's news report for China's CCTV on April 22, Wednesday.
BIRD FLU FEARS GROW: An Iowa chicken flock numbering about 3.8 million birds has been hit with avian influenza, the USDA said Monday, marking the biggest poultry operation to be affected by a virus outbreak that began late last year.
Also Monday Wisconsin Gov. Walker declared a "state of emergency" to authorize the national guard there to help contain the disease. Meanwhile Hormel issued a statement discussing the impact (but reiterating guidance).
What's at stake as virus fear grows & which industries/companies have the most at stake?
Brennan ex EC
STORYBOARD: P-SB-BRENNAN BIRD FLU
035534 Well the outbreak of EBN influenza seems to be escalating in a farm in Iowa called Sunrise Farms which is owned by privately held Stanz xx foods company is the latest to confirm an outbreak.
035547 Stanz xx says this farm houses 4M layer hens, hens that lay eggs and that it went to great lengths to prevent its birds from contracting EBN influenza. 035557 Now the farm is under quarantine while officials decide how to dispose of the flock and this isthe biggest case that has been reported by the US DA so far.
It brings the total number of chickens and turkeys affected by bird flu in the US to 6.5M. 035613 That's since the outbreak started late last year.
035616 A dozen US states including Wisconsin where Governor Scott Walker has declared a state of emergency to deal with the issue, have been impacted. 035624 But keep in mind, there have been no human cases detacted in the US. The USDA says there's actually little risk to humans. But there is growing risk to the poultry industry.
035635 So far this year China, South korea, Canada, Mexico and the EU have banned or limited poulty imports from the US because of this flu.
035645 Hormel Foods saying that Turkey sales will take a hit this year due to the significant challenges resulting in its supply chain as well that 2015 earnings will come in at the lower end of guidance.
035716 From CNBC World Headquarters, I'm Morgan Brennan. 035719
A loss of 3.8 million birds represents more than 6 percent of the egg-laying hens in Iowa and more than 1 percent of the U.S. flock, meaning "there definitely will be some customers that will be impacted by this," Northey said.
And taking a look at stocks on Tuesday, some poultry companies' shares were hit by these headlines. Tyson food and Pilgrim's Pride are both fallling in trade on Tuesday as investors worry about the escalating impact of this outbreak.
For commodity futures, bird flu fears infect corn and soybean markets, with both prices heading lower during the previous CBOT trading day.
The Agriculture Department has spent at least $45 million responding to the U.S. outbreak, including costs for testing, quarantines around infected facilities, and compensation for producers whose birds have been killed by the virus or culled.
The infections also have hurt the $5.7 billion U.S. export market for poultry and eggs.
CNBC's Qian Chen, reporting from Singapore.
SHYP BILLS ITSELF AS THE EASIEST WAY TO SHIP ANYTHING - ANYWHERE. HERE'S HOW IT WORKS.
LET'S SAY YOU NEED TO RETURN a bunch of items you bought on Amazon. You would DOWNLOAD THE APP, SNAP A PHOTO OF the items, AND THEN REQUEST A PICK UP AT YOUR HOME OR OFFICE.
SHYP TAKES CARE OF THE REST - FOR A FLAT FEE OF $5 IN ADDITION TO THE COST OF SHIPPING.
[SOT] "gibbon sot1 in/out"
"Today we're aimed at just consumers, but we're growing the market. So I think the existing opportunity is very large but thinking about expanding it is really exciting."
SHYP WORKS TO FIND THE CHEAPEST WAY TO MAIL THE ITEM, WHETHER THAT'S THROUGH THE POST OFFICE, UPS OR FEDEX.
IT'S NOW AVAILABLE IN SAN FRANCISCO, NEW YORK, MIAMI AND WILL LAUNCH IN LOS ANGELES NEXT MONTH.
SINCE ITS LAST FUNDING ROUND IN THE SUMMER OF 2014, SHYP SAYS ITS NUMBER OF SHIPMENTS HAS JUMPED 500 PERCENT, AND CUSTOMER GROWTH REMAINS STEADY, SURPASSING 20 PERCENT MONTH-OVER-MONTH.
THIS GROWTH DUE IN PART TO PARTNERSHIPS WITH BANANA REPUBLIC AND OTHER RETAILERS TO BEEF UP ITS POPULAR "SHYP RETURNS" PROGRAM.
WE DON'T KNOW THE MARGINS OF THIS BUSINESS, BUT WE DO KNOW THEY NEED TO RUN WAREHOUSES AND PAY A LOT OF WORKERS TO PICK UP AND MAIL PACKAGES.
SO IT'S HARD TO SEE HOW THIS COULD BE A VERY PROFITABLE BUSINESS- AT LEAST RIGHT NOW. BUT THE COMPANY'S CEO INSISTS THAT WILL CHANGE AS SHYP SCALES.
[SOT] "gibbon sot2 in/out"
"I don't want to necessarily say as a business that when or if you would be profitable, but for us, it's all about growth. And as much as we can continue to invest in growth, I think we'll be better long-term as a business."
AND AT LEAST ONE LEGENDARY INVESTOR IS A SHYP BELIEVER: KLEINER'S JOHN DOERR ANNOUNCED TODAY THAT HE IS JOINING THE STARTUP'S BOARD.
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