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highs we have seen. the nasdaq is the worst performer of the three major averages. being a tech heavy index, it is down 1%, twice the declines we are seeing in the s&p in the dow this point. we were seeing much more green on the screen earlier. health care in industrials have turned more deeply into the red. we have been watching apple in the selloff. it has been mirroring declines in the major averages. taiwan semiconductor shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70% to 80%. we are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. we re seeing a ripple effect within technology. a lot of different kinds of chipmakers are following today. if you thought yesterday s decline in retail, that that was it you re in for a rude awakening. calls in particular are tumbling by 12%. comparable sales are down 3.9%. analysts had estimated a gain. consumers are not buying ap ....
meeting much more important. i know we re going to do that in a minute. basically, the journal article suggests that what carl weinberg will has talked about maybe finally happened. we will talk about that. francine: we have been reporting this for a couple of weeks. it s something i addressed. they have been asking for some time and debt relief. they have done this veiled threat that if they don t get that relief, they may not participate. news.get to the the u.s. is backing libya s request to find islamic state. john kerry is in vienna where he met with russia s foreign minister as well is the bromance from other countries. they ruled out the use of u.s. troops. the majority of britons want to remain in the european union. 55% of those surveyed what the u.k. to stay. that s up slightly. 40% want to leave. the referendum is june 23. in france, the french president will try to head off strikes. last week, demonstrators in paris announced the plan that he forced to th ....
quarter progressed really hit the company among all these retail concerns. joe: an ugly day all around, consumer staples losing, consumer discretionary energy being one area that was positive. in looking for companies or sectors that did not decline, take a look at that xle. oil and gas companies make up the only sector that did not drop. this was along with oil prices. also, transportation needs seemed to decline. shipper reaffirmed its guidance, but rising oil prices ending t demand, improve their oil barge business. joe: in the government bond arena, we ve been watching a spread between the two year and year at its- ten flattest level since late 2007. 2-10 spreadsheet continuing to flatten out today. data, thehat cpi housing start pushing the dollar firmer against the yen. perhaps a sign that investors are cutting back on negativity surrounding the dollar. joe: on the commodity front, we mentioned energy stocks. one of thing down today, milk prices. this is good new ....
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. ....
issues. about 30 minutes into the trading day in the u.s. let s into the markets desk. julie: the preliminary reading on consumer confidence for june coming it at 94.3, a slight decline from 94.7 in may. it is above the slight average economics economist estimates. it was rated stronger than at any time since 2007. that is the fascinating figure from this. tothe same time households not see the economy growing as fast as they did last year. that is what accounts for a little bit of slowing in consumer sentiment. the broader economy appears to be what is weighing on investors minds this morning. not just here in the united states but around the globe we have seen a selloff as investors are trying to gauge the ability of central banks to stay off some kind of global economic downturn. also people not necessarily wanting to be long in the weekend ahead of the week for the federal reserve that the bank of japan are meeting, and then ahead of the brexit vote. the nasdaq d ....