we saw a lot of bank results out, but the auto sector is also underperforming. vonnie: here in the u.s., we didn t see too much movement following the trade headlines. it was just a very brief dip lower, probably algorithmic trading on the headlines. ,he dow still down about .5% the s&p 500 down 4/10 of 1%. companies such as coca-cola and netapp are also dragging on the s&p 500. netapp getting a lot of downgrades by analysts today following their earnings. cisco is higher by more than 3%. it had a good quarter, and analysts are upgrading that stock. two developing stories. trade teams from the u.s. and china said to be far apart on reform demands. and there are a whole lot of questions with what is going on with retail. joining us is our economic policy correspondent michael mckee. there were questions about today s retail sales data, although we did see that despite of a government shutdown, data was collected as normal. michael: and more data than usual. usually you get rev
to support cold water on this idea ahead of the queue next tuesday. we have also seen action in the foreign exchange market elsewhere. 1.26% againsty the u.s. dollar, and the u.s. dollar trading higher. that ports earlier sugge reports earlier suggest that troops are massing on the province and that is making people nervous where that relationship between the united states and ankara is going to go. so the turkish lira under pressure. vonnie: we are well off are those in the united states. the s&p 500 down one third of a percent. still the best performer in gm, having given a much better outlook and even a profitable forecast. that is not something investors anticipated. you will be able to hear from mary barra later on on bloomberg tv. performers the worst in the s&p 500, with problems losing key personnel, having to give away some of its gain and .evenue stream and then i got currency rise, we would have a quick look at the rmb, which broke through an important barrier ear
e.u. leader summit. let s check the european markets and show you where we are. the dax is trading higher .7%. eurosterling fairly flat. we did see the pound making gains. the euro going down as theresa may started speaking. but it has come up rather quickly. big. is we are paying attention to the saudi story. oil as a weapon. we have not seen that as the 1970 s. huge cues on petrol stations. and vw trading very strongly as we see the cfo talk about potentially monetizing the value that could be there in porsche. let s talk stateside. abigail: i am looking at next markets and the dallas up .1% and the dow is up .1%. nasdaq underperforming once again. seven out ofown the last eight sessions, so the bears remain in control after last week s big selloff. the s&p the s&p down three weeks in a row on continued fears around uncertainty having to do with trade, rising rates, plus the idea that markets have gone to could do far, too fast. o far,t could go to good too fast. the na
let s talk about where we are with the markets. the bond market certainly at the center of the action. we have yields picking up, prices. declining. ,tp s have been on the move bunds on the move. bund market trading down by .ix basis points the cac has suffered the most today. there is a concern surrounding asf its luxury slot stocks and chinese consumers ability to buy them. the ecb is looking at an operation twist to reinvest in bonds. brent down 6/10 of 1%. taylor riggs, what have you got? as stocks and chinese consumers ability to buy them. : on the major averages, everything is lower, including the nasdaq. the story you were talking about , chinese launching an attack. that is pushing the nasdaq and some of the tech stocks lower, although everything is in the red. some of the movers like constellation brands and eli lilly, because we are kicking off earnings season. asstellation brands up 4% they report earnings per share and topline revenue growth beating estimate
groups. information technology, the best-performing groups in the s&p 500. materials stronger. cyclical rally today, financials go up as well. utilities and telecoms, the only groups lagging on the session. asrgy stocks up, oil prices, we were just talking at the cme, going for the lows of the session. the president tweeted this morning that opec has been inflating the prices are helping to keep prices afloat. oil prices down a quarter of 1% but still above $70 a barrel. in terms of technology stocks, chips doing the best within technology or among the best. the philadelphia semiconductor index up 1.1%. there has been concern recently about where we are in the memory chip cycle. that will be highlighted by micron, which reports after the close of trading, rising out of after a positive mention at bank of america, merrill lynch, sky works growth is not dead. shares up nearly 3%. analog devices trading higher. we talked about sales last hour, the low estimate, unchanged last mo