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product profit increase but can it be sustained? we ll find out when we speak to the cfo in 45 minutes time. we are now half an hour away from the european open, caroline let s take it look at where we think it will take us this morning. it looks like a mildly negative start for the european day. this is the fair value calculation. the dax :00 it will be just positive, everything else looks like it will be negative but only just. it looks like a fairly flat open. rebound iny we saw a minors when it came to europe and that seems to move into asia, helped by copper trading up 0.8%. brent crude oil is currently flat. there have been concerns about nigeria and the niger delta being evacuated and concerns about the safety. there seems to be a supply-demand dynamic. yesterday andckup it seems that commodities go higher and so do stocks. we will be digging so much more into the dollar index because it s down a quarter percent but goldman s sex says go long on the dollar. we ....
european headquarters at what we are seeing, gains across the board. yen gaining a touch. this is on the speculation that currencies biggest today rise slide. two day there been wariness that the japanese government will intervene. this is dollar spot, one of the biggest stories. lifted to first word news with nejra cehic. nejra: the brazilian president is facing what may be her last day in office. the senate is gearing up for a vote to force her out and into an impeachment trial. surveys suggest the president opponents have at least 50 votes . donald trump has won the west virginia and nebraska primaries driving his can test driving his competitors out of the driving his competitors out of the race for the white house. enter theays he might contest if he performs well your desk performs well. well.forms toyota has said annual net income will probably decline for the first time in five years. japan s largest company todicted net income may drop $13.8 billion. that i ....
strong number but they did not hold on. we ended with red on the day. still less than 1% but it felt like a selloff. scarlet: look no further than retail. i have a weekly chart of some of the names that got taken out to the woodshed. jcpenney s reporting earnings, the rating was downgraded to junk and macy s cutting forecasts. you had nordstrom s falling the most in the s&p today. cutting its annual forecast and , thehat dragged on the xrt spider retail etf. you brought this question of earlier in the week. for retail spring the way summer was for media? at some point you realize media is up against a wall with the cord cutting and there is no hope and there was that huge selloff and stocks. are we here for retail? joe: i want to look at the 210 spread. and 10 year.ear those have been tumbling. earlier in your year we talked about the flattening that was going on then it started steepening a little bit. the narrowest spread in eight years. there is that anxiety that if ....
has opened hearings that could lead to the impeachment of the irs leader. they will look at targeting of conservative groups. latimer putin is promising that russia will take steps to retain strategic parity. rizal s new finance minister brazil s new finance minister promises to reform the country s pension system. brazil is in its worst recession since the 1930 s. i m mark crumpton. bloomberg west is next. brad: i m brad stone and for emily chang. this is bloomberg west. coming up, apple drops a billion dollar, investing in one of uber s rivals. what this means for apple s current mission and its relationship with the chinese government. and hypersonic pods a step closer to becoming reality? we have the details. tesla shifts reduction into production into ludicrous mode as ceo elon musk promises to deliver half a million cars by 2018. can he get there? we will discuss. but first to our lead apple dropping $1 billion on uber s rival in china and it s a big dea ....
well but they are not doing much for stocks. not seeing a big decline. one would think, a b that is because it is bringing forward when the fed might raise rates but we are not seeing bond yields rise or the u.s. dollar. take a look at the bloomberg map . we have energy shares trading higher, consumer staples lower. a diverse group of groups doing poorly today although it seems like there is a little bit of a rotation out of the defensive s. within the consumer staples, have kraft heinz pulling back today. it does not look like a specific catalyst that is driving them lower. in terms of the dow loggers we have coca-cola and then we have been talking a lot about the home depot. they said the first quarter would likely be the high point for the year in terms of sales growth. it is off from january to february and february to march, slowing sales growth. that appears to be behind what we see in the selloffs. scarlet: and a bright spots? it looks like energy is the bright s ....