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low. kidding, it ist down and today was not a boom day. alix: the fact that retail and apple just got hit was actually kind of impressive. we have to look at coal to look at the damage and that retailers were dealt today. call was called the worst-performing stock in the s&p today and you can really see how bad it was. it is down to its lowest level since 2009. people aren t buying apparel, they are not buying clothes, and that has changed the whole retail sector. macy s and gap has their own problems and apple has a similar story. this illustrates really how ugly it was for them today. low.y a two year we heard that apple s asian suppliers will week and that they really rolled were weaj abeak and that they really rolled over today. it is really anxiety-producing. joe: a little bit of increase in yields across the curve, but not too much going on there. it is sort of quiet like everything else. scarlet: the notable mover in fx was the pound. actuallymerica had forecas ....
from germany and we are now getting gdp from the italian economy, growing 0.3% in the first quarter. the vague question is whether a lot of this growth comes from the ecb and a lower euro or whether it comes from sustainable growth thanks to reforms put in place for example by the italian government. gdp growthent, that pretty much in line. this is your market, or these are your markets this morning. stocks in europe dropping a touch because we had quite a lot of earnings that disappointed. we also had subdued economic data. gdp in germany was a little better than expected. haven assets including japanese yen, gold, also in fencing. also advancing. the australian dollar slid to a two-month low. we re also just kidding, i believe, breaking news from china. aggregate financing number, 751 million . let s get straight to the bloomberg first word news with nejra cehic. nejra: germany s economy grew at its fastest pace in two years. gdp rose just north of 2% in the month e ....
taiwan has its first female president. it may all come down to what she doesn t say in her inauguration speech. these are live images from the capital. oflet us know what you think our top stories. follow me on twitter @rishaadtv, and use #trendingbusiness. china markets underway in 30 minutes. let s take a look at what s going on out there. markets have turned positive in the last hour or so. we had a weaker start, but things are looking up. new zealand down by a quarter of 1%. we are processing the reaction to the fed saying june remains alive event. the s&p 500 wiping out its gains for 2016, falling the most in seven weeks. taiwan online. malaysia pretty flat. cpi numbers out of malaysia later on at noon hong kong time. gaining 2/10 of 1%. , fairly stable, trading at that 110 handle. up about a225 is 10th of 1% as well. the retracement in the u.s. dollar gives a boost to oil prices and commodities. taking a look at the movers of the day, it is about the energy names. ....
markets feeling a little bit better. existing home sales are the number we are getting. we are seeing a rise month over annual payril for $5.455 million. u.s.argest part of the housing market. that is a three month high. there was a surge in the midwest. there seems to be improving numbers in the housing market. we are seeing stocks higher today following a rebound we saw around the globe. especially commodity lenders, we will dig into those in a moment. nasdaq is leading gains today up i 1%. showing gains. let s look at the bloomberg. technology is performing the best today. that explains why the nasdaq is doing the best today. financials are bouncing back as well. they were sharply down yesterday. it is not quite all of the groups in the s&p that is higher. staples and utilities in particular. today,look at the banks goldman sachs holding its annual meeting here. the majority of shareholders voting to keep the ceo and chairman role as one. all the banks bouncing bac ....
over in europe, snapping back, all of yesterday s post, up 1.2%. the dax fell. euro-dollar, 112. that is not much ammunition. they need for the g-7. it is a weaker japanese yen. yields up a little bit. that is a market that is stabilized. up a basis point. david: let s check in with our bloomberg team. mike mckee in new york on a possible summer rate hike. we will look at goldman sachs to annual meeting we will look at goldman s annual meeting. we will begin in paris with egyptair bound to cairo bound for cairo from paris. it seems that debris has been found. yesterday, there was a report that it had been found from the greek navy. not from theat was flight. the egyptian army has come out with an official statement says saying debris has been found a few hundred miles north of alexandria, which is the area that is the area with the plane was expected to go down. they found passenger items and bits of the plane. i don t know how long it will be before they can get ....