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Transcripts For BLOOMBERG Bloomberg Markets 20160512



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 ....

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Transcripts For BLOOMBERG Bloomberg West 20160512



were part of a state run dop ing program. global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the country, i am mark crumpton. emily: i m emily chang and this is bloomberg west. facebook response to accusations that the social network has been suppressing conservative news story. apple shares slip below $90 as with apple that with al phabet at its heels. the winklevoss twins are back. first, our lead. facebook faces accusations that is human editors are more involved in choosing what you you might think. gizmodo sourced several anonymous contractors who accused the social network of censoring its trending topics by pushing certain stories and suppressing others like conservative stories. the chairman of the senate commerce committee sent a letter to mark zuckerberg saying if facebook presents its trending topics section as a result of a neutral, objective algorithm but it is subjective and filters is a or suppress part ....

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Transcripts For BLOOMBERG Bloomberg West 20160513



incidences.rsonal we talked about what it takes to unify, where our differences were, and how we can these gaps going forward. mark: trump spoke separately with mitch mcconnell. a federal judge has ruled that some of the affordable care law is not allowed under the constitution. the legal challenge was brought by house republicans, a ruling that was stayed pending a white house appeal. the new york times reports dozens of russian athletes at the sochi olympics or smart of a state-run doping program. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the country. i am mark crumpton. emily: i m emily chang and this is bloomberg west. facebook responds to accusations that the social network has been suppressing conservative news stories. we will bring you the latest. apple shares slip below $90 as with alphabet at its heels. we will discuss the increasingly bearish road ahead. the winklevoss twins are back. this time, they are ....

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Transcripts For BLOOMBERG Bloomberg Markets 20160513



where apple is putting their money, finally. let s head to the markets desk where julie hyman has a look at where investors are putting their money. much and stocks. after we got retail sales numbers earlier, we re just getting university of michigan consumer s been a, better than estimated like the retail sales were better than estimated, coming in at 95.8. expectations better than estimated, 87.5. when you look at the retail sales number, that defied expectations as well. even if you back out cars and gasoline, a cayman better than estimated. a lot of that strength because of non-store retailers. because of e-commerce. that number includes catalog and direct mail sales. nonetheless, it looks like e-commerce, and accounted for each some of these strengths. a bit of a muddling along to end the week. take a look at the groups on the move. technology a strong, only at .4%. consumer discretionary leading the losses, because as betty mentioned, we do have individual retai ....

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Transcripts For BLOOMBERG Bloomberg Surveillance 20160516



there is news out there. every nuance is interesting. we move on to the challenges of venezuela over the weekend. i would suggest you have in your lead, brexit, front and center. we will talk about the brexit dynamic over the weekend. francine: we have more research and survey saying we should do this or that. let s get to the first word news. in iraq, a series of attacks have killed at least 29 people. 14 died in the attack. a series of bombings killed 15 others. dozens more were wounded. it is the fifth straight day of attacks in or around baghdad. in saudi arabia, john kerry met with about conflicts. he is trying to shore up a fragile truce in syria. there have been violations on both sides. discuss syrial again tomorrow with the russian foreign minister. the first time, joint military exercises will be cooperative into missile launches from north korea. six weeks to go before the votes. the campaign over whether the u.k. should leave the european union is growin ....

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