where apple is putting their money, finally. let s head to the markets desk where julie hyman has a look at where investors are putting their money. much and stocks. after we got retail sales numbers earlier, we re just getting university of michigan consumer s been a, better than estimated like the retail sales were better than estimated, coming in at 95.8. expectations better than estimated, 87.5. when you look at the retail sales number, that defied expectations as well. even if you back out cars and gasoline, a cayman better than estimated. a lot of that strength because of non-store retailers. because of e-commerce. that number includes catalog and direct mail sales. nonetheless, it looks like e-commerce, and accounted for each some of these strengths. a bit of a muddling along to end the week. take a look at the groups on the move. technology a strong, only at .4%. consumer discretionary leading the losses, because as betty mentioned, we do have individual retailers o
is a huge search and rescue operation off of some of the greek islands where we have lost atck of the egypt airplane 2:30 local time last night. is very fluid. we are watching for the aggregation of headlines. we will have a map soon. i know we are going to cairo soon. it is a nation that has seen too many of these accidents. francine: let s get to the bloomberg first word news. here is nejra cehic with more on egypt. jetliner fromtian paris to cairo has disappeared over the mediterranean. egypt s prime minister says he cannot rule out the possibility of a terror attack. flight eight 04 was lost on radar at 170 miles from the egyptian coast. it was an airbus 823. andtian military aircraft ships are searching for debris. we will have more in a moment. iran has launched a charm offensive for europe s elite. their meeting with their european counterparts. they re trying to break a deadlock in investments caused by the few remaining u.s. sanctions. credit suisse says the bricks o
target and macy s. let s go straight to the markets desk and julie hyman. it s a pretty sharp decline. we have a raised all the gains. it s interesting that this is happening because yesterday after the fed minutes came out, there did not seem to be much of a negative reaction to the increasing perception we would see perhaps an increase in rates in june or july. now we are seeing an acceleration and the clients since the opening bell this morning. stock losses have about doubled as we have gotten out of the gate. this is what is declining the most. the groups in the s&p 500 are lower with the exception of consumer staples, thank you walmart. otherwise telecom stocks in energy and oil prices. that is part of the reason we are seeing the sell off is oil prices are off by about 2%. we got week supply data coming out yesterday. industrials and financials and tech, it s a broad taste selloff. would be the bright spot and that s the reason consumer staples are higher. that s docke
the u.s. trading day. julie hyman is tracking the all-out from the surprisingly hawkish fed minutes yesterday. julie: but we are having a delayed reaction. yesterday, stocks came down afterward but finished little changed. also, as we hear from other fed members who have been making comments this morning, saving to support again that june is on the table, july could be on the table. , s&p, and nasdaq are all trading lower, up off the lows to some extent today. yet, when you look around at other markets, they are not necessarily supporting this narrative. you could look at the two-year as well as the 10-year, and yields are actually lower, which is not what people would take if .nterest rates are going higher i m looking at world bonds and two-your notes around the globe. the u.s. and canada at the top. as you go down, that blue column, you see a lot of negative numbers, so you are not getting yield elsewhere. the yield still at least relatively by comparison looks attractive.
stronger dollar story. people are still going shopping in the u.k. retail sales numbers really strong in the u.k. yields up by around two basis points. much more on that in just a moment. most the yields rose the it almost a year. abn egypt air an egyptair flight has gone missing over the mediterranean sea. we have the latest with riad hamade in dubai. please tell us what we know at this point about this egyptair flight. unfortunately, we know very little. it took off from paris, disappeared around 2:30 a.m. egypt time from the radar. airbus 320. is an it was given to egyptair in 2003. it is not a very old airplane. the pilots were very experienced. right now, the militaries of egypt and greece are searching forn any debris. david: we ve heard president that no causeris has been ruled out. was it at cruising altitude and what was the weather like? riad: as far as we know, the weather was good. this is from the air traffic controllers. it was at cruising altitude come a sudd
having this dream. it is only a matter of time before they called me up into the light where there are knives lean. where there are knives their knives gleam. that is what people need to hear. i urge you to enact president kennedy s civil rights will into law. it ain t going to be easy dr. king. we will have to hold his feet to the fire. wii in the senate plan to filibuster this bill. if you get in my way, i will credit you. this civil rights bill just killed your election chances. is that a threat? everyone wants power. they think it ought to be given out, free of charge like mardi gras will beads. do you think everyone will start dancing to your tune? all we are asking is to live as decent human beings. my people want results. it is time to act. no one is surrendering. we are making history here. you ll have to decide how you int history to remember you am pleased to have anthony mackie back at this table. you turned down an earlier chance to play mar
another terrorist attack. when will we get smart and vigilant? politically speaking, trump has suggested in the past that his candidacy is buoyed by the projection of strength in times of global instability, as he said on this program after the attack on brussels in march. mr. trump: i thini every time we have a problem in this world, we have to do better. i d rather not have any problems and do worse, and i really mean that. but i think the retirement we have a problem in the world, i do better. whenever there is a big problem, i go up. because people view me as much stronger. nicole: hillary clinton on the other hand waited on this afternoon to weigh in on the news across today using an interview on cnn to comment on donald trump. sec. clinton: it does appear to be an act of terrorism. exactly how, the investigation will determine. he says a lot of things that are provocative. he makes defeating terrorism more difficult. why? sec. clinton: for example, when he says bar
destroyed three central sri la nkan villages. three bodies have been recovered. tensions escalate between the u.s. and china over disputed international waters. two chinese fighter jets intercepted an american reconnaissance plane over the south china sea. the jets came within 50 feet of the u.s. plane. ruledrado jury has cinemark holdings is not liable for shootings in 2012 that left 12 people dead. they could not have predicted an attack from gun man, james holmes, sentenced to life in prison last year. i am mark crumpton. bloomberg west is next. emily: i am emily chang, and this is bloomberg west. coming up, a question of trust. did a high-profile meeting with mark zuckerberg convince conservatives that facebook is a friend? we get details from someone who attended. plus, google and xiaomi a plan to take on apple and amazon. i caught up with xiaomi global vice president and former google exec, hugo barra. and dyson s second wind. the manufacturer is reinventing mainstr
anthony mackie: i keep having this dream. a comanche war party searches the house. it is only a matter of time before they call me up to where their knives gleam. he s gone. the president? an accidental president, that s what they will say. i urge you to enact president kennedy s civil rights bill into law. that ain t going to be easy, dr. king. we will have to hold his feet to the fire. we in the senate intent to filibuster this bill. if you get in my way, i will crush you. this civil rights bill just killed your election chances. government does not do what is right, this will no longer be an option. is that a threat? everybody wants power. they think it ought to be given out, free of charge like mardi gras beads. nothing comes free, nothing. do you think everyone will suddenly start dancing to your tune? all we are asking is to live as decent human beings. i m trying to turn this country around. my people want results. it is time to act. to st
will the focus shift from fx to fiscal stimulus? and the hud for the missing egyptair airplane enters its second day in they ve dismissed reports that debris from the jet have been found. it looks like we are going to get a positive start. watch the luxury stocks. the dax is up by 0.9%. in 29 minutes time looking solid here in europe. it looks like less concern around the world. this is a lot more than we are pricing in at the beginning of the work week. it doesn t seem to be affecting markets as much today. we have asian markets up overnight. their biggest back-to-back slump in a month. brent crude oil is rising as well. at 48 56.p there trading almost and parity the dollar index has been earlier.ttle bit that may be because the slight possibility of a june fed hike has been priced in over the next couple of days. the new york fed president bill dudley says the federal reserve is moving closer earlie. that may be because the slight possibility of to raising rates as one