Coming up on the show, we have Dale Stafford. He will join us on all the dealmaking and unmaking going on. We will preview aprils retail sales. Jon looking forward to that conversation. S p 500 futures negative five. Switch over to the board very quickly. 1. 1345. Lar, foot. Llar is on the front yields are down by two basis points. What a week for wti. 46 thought. Flat. Lets go around the world for indepth coverage. Selena wang as the latest. We are 90 minutes away from the april retail Sales Numbers. Speaking of ecodata, guy johnson has latest on euro area growth. Julia tells us what to expect a day after Dilma Rousseffs suspension. Apple has found a way to use its enormous pile of cash and it could have an effect on the uber. Lets get the details from selena wang. Selena this is a huge deal. This is the single largest investment they have ever received. Was in talks to raise 2 billion. This is very unusual for the smartphone maker. They dont normally invest in startup funding rounds
Julie the worst week since early february. It keeps accelerating as we had through the session. The nasdaq has consistently been fearing the worst, down 1 right now because we have a drag from large cap tech stock that has been declining. We saw a rebound in european stock and commodities. That is not happening in the u. S. Markets. Take a look at the s p over the course of the day. Stocks opened, they were not down nearly as much. If you take a look at the bloomberg to see the groups on the move, energy chairs and gains we see in oil prices. Tech and Consumer Staples are dragging the most. Particularly tech. Apple is leading the losses within technology after a court ruling in beijing that said the company violated a chinese phone patent. Apple says it has appealed the decision but there are still sparks of concerns. And microsoft have also been declining today. Oliver this has been the week of the vixx. It is interesting, you see the divergence between the u. S. And europe. Up hereei
And in one weeks performance, and macys, and nordstroms and kohls all down double digits, and coming in short on the topline, and only macys beating on the bottom line. And jcpennys, and daillards ae down on the bottom line. And macys, and nordstrom put up the worst comparable sales in nine years, and jcpenney is also down, and jcpenney missed the comp sales estimate base wide margin, but it is holding the guidance due to the recent comp trends in the last two weeks in ape are ril. I spoke with Ceo Marvin Ellison on the phone, and he is interested in bringing in less weathersensitive categories, and rolling out appliance, and growing Sephora Beauty in more stores. He does not believe that the quarter is a reflection of those moving to the amazon, because he said that the customers feel good about their financial situation, but it is more of the lack of confidence in the future of the economy, and specifically the economy under a nonincumbent president. And thank you, courtney. The reta
The dow and s p essentially erased about 80 of the losses incured after the brexit vote of last thursday when the uk voted to leave the eu and bank of England Governor Mark carney hinted that more stimulus is coming. Listen. In my view, and im not prejudging the views of other independent members of the mpc, the Economic Outlook deteriorated and some Monetary Policy easing will likely be required over the summer. What selloff . A little quantitative cant take care of. Just wipe it all away with easy money. Hershey rejecting the 23 bid and hershey shares are still higher. The market seems to think mondelez comes back with another offer. Trading above where it was before they rejected the offer. Netflix known for keeping the ratings under wraps and nielsen says it has numbers for some of the streaming services most popular shows, including season premier of orange is the new black. Those details coming up. Hef hertz signed new deals with uber and lyft. The stock is down more than 20 this