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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 ....
is a huge search and rescue operation off of some of the greek islands where we have lost atck of the egypt airplane 2:30 local time last night. is very fluid. we are watching for the aggregation of headlines. we will have a map soon. i know we are going to cairo soon. it is a nation that has seen too many of these accidents. francine: let s get to the bloomberg first word news. here is nejra cehic with more on egypt. jetliner fromtian paris to cairo has disappeared over the mediterranean. egypt s prime minister says he cannot rule out the possibility of a terror attack. flight eight 04 was lost on radar at 170 miles from the egyptian coast. it was an airbus 823. andtian military aircraft ships are searching for debris. we will have more in a moment. iran has launched a charm offensive for europe s elite. their meeting with their european counterparts. they re trying to break a deadlock in investments caused by the few remaining u.s. sanctions. credit suisse says the br ....
target and macy s. let s go straight to the markets desk and julie hyman. it s a pretty sharp decline. we have a raised all the gains. it s interesting that this is happening because yesterday after the fed minutes came out, there did not seem to be much of a negative reaction to the increasing perception we would see perhaps an increase in rates in june or july. now we are seeing an acceleration and the clients since the opening bell this morning. stock losses have about doubled as we have gotten out of the gate. this is what is declining the most. the groups in the s&p 500 are lower with the exception of consumer staples, thank you walmart. otherwise telecom stocks in energy and oil prices. that is part of the reason we are seeing the sell off is oil prices are off by about 2%. we got week supply data coming out yesterday. industrials and financials and tech, it s a broad taste selloff. would be the bright spot and that s the reason consumer staples are higher. that s ....
the u.s. trading day. julie hyman is tracking the all-out from the surprisingly hawkish fed minutes yesterday. julie: but we are having a delayed reaction. yesterday, stocks came down afterward but finished little changed. also, as we hear from other fed members who have been making comments this morning, saving to support again that june is on the table, july could be on the table. , s&p, and nasdaq are all trading lower, up off the lows to some extent today. yet, when you look around at other markets, they are not necessarily supporting this narrative. you could look at the two-year as well as the 10-year, and yields are actually lower, which is not what people would take if .nterest rates are going higher i m looking at world bonds and two-your notes around the globe. the u.s. and canada at the top. as you go down, that blue column, you see a lot of negative numbers, so you are not getting yield elsewhere. the yield still at least relatively by comparison looks attra ....
stronger dollar story. people are still going shopping in the u.k. retail sales numbers really strong in the u.k. yields up by around two basis points. much more on that in just a moment. most the yields rose the it almost a year. abn egypt air an egyptair flight has gone missing over the mediterranean sea. we have the latest with riad hamade in dubai. please tell us what we know at this point about this egyptair flight. unfortunately, we know very little. it took off from paris, disappeared around 2:30 a.m. egypt time from the radar. airbus 320. is an it was given to egyptair in 2003. it is not a very old airplane. the pilots were very experienced. right now, the militaries of egypt and greece are searching forn any debris. david: we ve heard president that no causeris has been ruled out. was it at cruising altitude and what was the weather like? riad: as far as we know, the weather was good. this is from the air traffic controllers. it was at cruising altitude come ....