good morning, everyone. this thursday in new york city. you are watching bloomberg television. i am erik schatzker. i am stepping in today for stephanie ruhle. see the resemblance? time now for the new speed. top business stories or around the world. twitter. at cfoame to the company as and moved to coo in 2012. retail sales rose .3% of a percent in may, less than forecast. still on the upside. revised figures show april sales were much larger than first report. is co-coo of bnp paribas stepping down in the midst of the investigation. he will leave at his own request. askedp bank regulator that he be dismissed. authorities want bnp paribas to pay as much as $10 billion to settle claims of illegal dealings with iraq and sudan. big implication overseas. this could affect oil prices around the globe. al qaeda has seized control of the second largest city in moving closer to baghdad i the day. here is how this is playing out in the oil markets. you can see the response. in a mo