friday. you are watching market makers. olivia: i am olivia sterns in for stephanie ruhle. erik: we have some breaking economic news. mike mckee is in the newsroom. mike: wholesale inventories up 1/10 of 1%. the forecast was for a 3/10 gain and this is why it matters. the commerce department assumed a big gain and inventories when it calculated gdp. this suggests we did not get it. the ford strike represented a lot of delayed imports coming in and they should come in wholesale inventories. they are not, and that may mean gdp in the first quarter was even lower than we thought. the good news, they are set to build inventories and we may see accelerated not only imports but manufacturing. it is a number worth watching. it does tell us where the economy is. olivia: michael mckee, thank you so much. the labor market bounced back last month, adding 223,000 jobs in the month of april. the jobless rate falling by 1/10 of 1% to 5.4%, the lowest level in seven years. all this after a
saudi oil export hits a nine-year high. bikers arrested in waco are said to be members of motorcycle gangs. capital charges are expected. president obama has joined twitter. erik: the world s largest retailer being hurt by the strong dollar. walmart posted profits that missed analyst estimates. the company is dealing with a broader shift than how consumers spend their money. americans spend more on homes in the last three months. that boosted earnings at home depot. first-quarter profit beat analyst estimates. the early arrival of warm weather spurred people to work on exteriors. stephanie: regulators want to know if fiat chrysler is fixing vehicles fast enough. a hearing will be held in july. we have concerns. there will be a chance to have a hearing where we will collect information diversely from the public, safety advocates and it will not be a press release. we will be looking at evidence to see if they are meeting obligations. stephanie: fiat chrysler disagrees
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