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begin in august. the state of michigan is paying all the water bills for flint residence this month. he ll wait toays debate the official presidential nominee and not candidate bernie sanders. the senator s campaign released a statement reiterating its interest in debating trump, saying the campaign has received two offers by tv networks. global news 24 hours a day powered by our 2400 journalists in 160 news bureau around the world. i am mark crumpton. bloomberg west is next. emily: i m emily chang and this is bloomberg west. coming up, the plot thickens around the $81 million heist be a bangladesh central bank. is the infamous group behind the sony hack behind it? plus we ll speaking to a former employee about his experiences in the facebook unit. plus are cell phones increasing our risks of cancer? some scary findings for the very first time. but first to our lead and i report from the cyber security firm that suggests a recent hack on the central bank of banglad ....
low volume was a hallmark of trading. we are seeing that again. julie: you get low volume in the summer months. it is about 14% low the average. you can see there is not a lot of movement in terms of one direction or another. the dow is pretty deeply in the red. the s&p is not falling nearly as much. we have this recalibration of what the fed may do. they may raise in june or july. the personal spending data is coming out ahead of estimates. leadingstops have been gains. consumer staples are lagging today. that is a counterbalance that we are seeing. let s check in on the first word news. taylor riggs has more. taylor: president obama is being pressed to speed up efforts to help syrian refugees. the administration had promised to resettle 10,000 refugees. eight months after the program started, only 2500 have an admitted. jerry brown is endorsing hillary clinton for president. brown says he believes clinton has the best shot at stopping donald trump. says while he is im ....
number came in a confused everyone. julie: we are still seeing troxel stocks trade lower. eurozone, wethe get manufacturing data that was not worse than expected but only , justsmall expansion above the 50 line. in the u.s., the number came in ahead of estimates and was not that far above 50. nonetheless, we are seeing not a positive reaction. the nasdaq is leading in terms of gains. it s not even of one full point. the dow and the s&p have been lower intermittently. the dow is the laggard just like yesterday. the s&p 500 over the course of zigzag,had a kind of almost going positive at one point midmorning before dropping back down. june has not been a very favorable month for the s&p 500. this is a busy screen so focus on this column. this is the june column. the average decline in june over the past 10 years has been 1.5%. six of the past 10 june 7 negative. it has not been a kind month. worstay s session, the drags her in the s&p 500. apple, microsoft, general elec ....
the federal reserve says the economy is growing at a modest pace. the central bank saw inflationary pressures rising. will it be enough to raise interest rates? erik schatzker is in washington with the latest economic data. give us the interesting points of the book this time around. the book could have strengthened a case for a rate ite two weeks from now but did not. you heard those words and you said it yourself, modest. the key word in these anecdotal reports, modest economic growth, modest wage increases, modest hiring. not an assessment that turns doves into hawks. if anything, it raises the stakes for friday s jobs report. you have to figure policymakers are struggling. there is a tight labor market. there are signs of building inflation as a backdrop. you have consumer spending just yesterday, home sales, and that surprisingly strong manufacturing data reported this morning. then you have the book you might characterize, as i have, as meh. there is just not a ....
edwards. we will be joined by manus cranny from dubai. let us get to the risk radar can the last 24 hours or so. today s show brought you by the city of vienna. on the opec front and the ecb. putting aside for one moment, let us have a look at the asian session. the nikkei to do five down by 1.9%. it was down at one point by more than 2%, looking for the biggest drop around a month. and that is amid the wildly expected stimulus package by abe. level, towards that 109 perhaps more again strengthening this morning. a host of factors in here. here, boj,ax news in resident risk, all of that working its way to the japanese currency. and we have about her index in there for you. down two cents, and the page veryovernight, a keyword, often used in that report, 23 times mentioned in just six pages. setting up the jobs report tomorrow and the meeting on the 15th of june. let us to the bloomberg first word news. here is rishaad salamat. trading for a fifth day, opec ministers mee ....