Both the u. S. And iran need to show compromise and flexibility. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. From washington, i am Alisa Parenti. This is bloomberg. Emily this is Bloomberg Technology. I am emily chang. All this week, Bloomberg Television and radio are on the ground in boston showcasing tech giants and startups and Breakthrough Technologies in robotics. We are speaking with innovators, Venture Capitalists, educators across the city. Caroline hyde joins us from the ge interim headquarters in boston. What have you got on top today . Caroline so much, emily. Weeke had such an awesome so far, spending time at your old font, harvard university, yesterday, and the museum of science. Today, ge kind enough to post us in their interim headquarters. They relocated from connecticut to boston last year, bringing hundreds of jobs to the local area and receiving 145 million worth of incentives and tax breaks from massachusetts
The lowest since october of 15. The road map begins with a rough week for retail. Nordstrom and penney are down this morning. Nbcs lester holt sat down with President Trump and well bring you the highlights on russia and more and plus the tweet storm this morning, threatening former fbi director comey. Apple is taking aim at another all time high today and two analysts raising the price target. First up though, Government Data showing retail sales up 0. 4 in april. The strongest gain in four months and nordstrom beat on revenue and comps are down 0. 8. Penneys swinging to the surprise profit, but Revenue Misses on a 3. 5 decline in comps. Jc penney is going to give its all time low run for the money today. What can i say . Minus 3. 5 comps. They did talk about how march and april improved from february. Now, kohls said the same thing. There was a lot of etf selling yesterday. Really came off of macys. Ebitda, here 40 million down from 176 last year. Theres no growth and its really hard
Theres an me in team. Always has been. Well, im happy to be here. Youre fired up. If youre up at 4 00 a. M. , you might as well get fired up. Why not. If you put in that what time did the alarm go off . 4 05. So you im a 3 handle. Me, too. You say you can do this. You did it once. Try five out of five. I can barely do this. 52 out of 52. Youre a stud. I say it all the time. We have a big market day. Good to have you here. A check of u. S. Equity futures. This is what weve been matching all morning long. This could be the biggest move in the markets. About a half percent move or so. This would be on the s p 500. That would be the biggest oneday move. Weve been 0. 3. The dow looking to lose 100 points at the open. The nasdaq looking to lose 24 points at the open. The volatility index is surging this morning. Thats an interesting turn of events. Up by 11. 25 , almost 12 at this moment. Action in asia, big development. Here is long eem is snapping a sevenday advance. The nikkei finishing l
Im wilfred frost. The longest winning streak for the dow and s p since february. The dow up about 0. 2 as is the nasdaq, the s p just behind that. Materials and utilities leading the gains while telecomes and financials the worst performers. Intuit, mattel and nrg Energy Better than expected earnings. Dupont is leading the dow on news there are changes to the dow dupont post merger plan. And ge around session lows following the presentation by the ceo jeff immelt, worried about the neglect it tiative im an accounting change. Here is what else is happening this hour. Five House Democrats are asking Deutsche Bank for information on president trumps alleged russian tries. Maxine waters and four others on the House Financial Services Committee Want to see any information the german bank may have on dealings the Trump Administration had with it. The nba says it will play the 2019 allstar game in charlotte, north carolina. This comes after the league moved this years game away to protest. An
Also raised. Very interesting cutting edge, well talk about that. An fda panel backed an experimental Breast Cancer drug. Shares of the company soaring, it was up 50 on monday in anticipation of this. The news came out now, another 26 . Meg tirrell will have details in a little while. Puma is good jumpers, we know theyre fast and can get up a tree. The name of the km is puma biotech, not a totally nonsec ter. Treasury secretary mnuchen making comments on the debt ceiling. Reporter thats right, he was testifying before the house ways and Means Committee and called on lawmakers to raise the debt ceiling before the august recess. I urge you to raise the debt limit before you leave for the summer. It is absolutely critical that where we spent money, that we keep the credit of the United States as the most critical issue. Reporter he said that he believes congress should pass a clean bill, meaning that nothing else should be attached to it. Thats already running into resistance from conserv