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interest rate increase is likely in the coming months. japanese shares rose. treasury bills are closed worldwide today. the yen is back to a one-month low against the dollar. the sales tax increase scheduled for next year will probably be delayed. japan s retail sales growth stalled in april. economy grew slightly faster than originally estimated. growth accelerated. it beat the estimate. france s gdp report showed that investment jumped 2.4%. billionaire is offering $4.4 billion to buy out and privatize. that is a higher valuation. relocate.ate will they have been out of the spotlight since they voiced concern that such transactions could flood the market. markets are closed in the u.s. and u.k.. let s check in on the markets that are open. the stoxx 600 is pretty much unchanged. we have seen gains in the dax this is after european stocks of their best weekly gain since february. the story is about dollar strength. you see a stronger euro against the dollar. just a qui ....
if you look at what is going on with stocks, we are not being much of a positive reaction, but we will keep an eye on it and see if we see any kind of delayed reaction. not to mention the fact that the oecd is also cutting its growth forecast for the u.s. to 1.8% from 2%. let s take a look at the groups on the move. energy in the bottom spot, followed by materials, initials. we have a cyclically led decline in stocks at some of the defensive groups like consumer staples and utilities are doing better, but a relatively broad-based decline with the exception of those two group. i want to pinpoint what is going on with the auto sector. in general, sales we are seeing worse than estimated numbers, particularly at general motors where numbers plunged 18%. all four of the brands within gm reporting to clients at least 13%. for vehicle sales down 6.1%. fiat chrysler sales actually beat estimates, unexpectedly rising 1.1%, but that is not helping the shares. we are seeing them ....
about 30 minutes into the u.s. trading day, let s go to the trading desk. julie: after this three-day rally, we are pulling back, not helping. we are have got bearishness, but it was the trigger for what has been a healthy rally. the s&p 500 rose or to its record closing level. closer to its record closing level. imap.get a look at the there are various places in agreement, utilities, staples. financials are down as a group, which continue to see a pullback in interest rates, which we will get to in a moment. materials and energies also pulling back after we had something of a commodity recovery earlier in the week. oil prices in particular are being hit. crude oil down 1.4% after it also had rallies for three straight sessions, still holding above $50 a barrel however. some money flowing into gold. copper futures falling as well, 2.1%. how is that feeding into stocks? tech energy is what we are watching, down 5%. it was downgraded to underperform over the rbc. there ....
in medicine, biology, and many other areas. we were at the new york economic club for a wide-ranging conversation. let me begin with a couple of questions. , theyou went to google said to you, we need an adult in the room. [laughter] because it was a good day for you. eric: it was a good day for me. it is an honor to be here. thank you for inviting me. they had decided that they anded someone to run things have spent 16 months interviewing people and made them do things. ceo, you had to go skiing with them or go to burning man with them. and very few people met the test, apparently. to them i wasn t going charlie: 10 years as ceo. what was the most wonderful thing? my world is full of brilliant ideas that are not monetize a bowl in the sense that people have amazing ideas. in order to build a company of that success my google or r,cebook or cooper, or ube you need to have a significant change in the way the revenue will come in. we invented targeted advertising whic ....
other areas. i sat down with eric schmidt in new york at the new york economic club for a wide-ranging conversation. here is that dialogue. let me begin with a couple of questions. when you went to google, they said to you, we need an adult in the room. [laughter] because it was a good day for you. eric: it was a good day for me. it is an honor to be here. thank you very much for inviting me, and charlie, thank you for doing this as well. larry and sergey decided they needed someone to sort of run things, and they had spent 16 months interviewing people, and they make them do things. to become ceo, you have to go skiing with them, or you have to go to burning man with them. and very few people met the test, apparently. but i was fortunate enough. i told them i would not spend the weekend with them, but we made a list of things to do. charlie: 10 years as ceo. what was the most wonderful thing? for you, for the company as you see it? eric: my world is full of beautiful i ....