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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 ....
this is the first declined so far this week. six of 10 major indices were lower, financials and cyclical groups were the worst. we started lower and did not close in the green, but finishing well off the lows to continue this trend of a bid supporting the markets. alix: materials and banks were the two were sectors. take a look at what happened to them today. it was a brutal morning, near a 10 month high, kicked down, and claude back to neutral. back to neutral. you had that great treasury rally that put pressure on financials. joe: you are never going to onieve this, but yields government debt are lower once again today. there is the 10 year yield. every day. this is my favorite part of the day when i announced the new lower yields. falling below 1.7% for 10 year yields today. grinding lower there. same in the u.k., brand-new low there. , but we can get more of them tomorrow. scarlet: take a look at the dollar recovering, but not against the kiwi. the kiwi the stronges ....