economy and markets. cost of's the shocking high fashion, and when i talking about the prices. we have the director of a shocking new film. anna: as the monaco grand prix hits this weekend, we look at formula one. ♪ matt: good afternoon. we're going to take a quick check -- scarlet: of the markets the last itr of trading, although feels like everyone has already taken off, given how little changed the indexes are. the dow industrials down .1%. matt: not a lot of movement here. not terribly exciting except for

the fact that the s&p 500 is swinging back and forth in gains and losses. if we get again, even if it's only .01%, we'll see a new all-time record high for the s&p. 2130, even though doesn't look terribly exciting today as people had to the hamptons, where at an all-time record high. scarlet: it still counts. if you look at how treasuries are doing, they are mostly lower. we had data this morning that showed an increase in core prices. that is what the federal reserve' focus is on. to be people more reason hawkish. finally, let's look at the dollar. the dollar stronger on that cpi data. you can do the dollar versus a basket of currencies -- mainly -- though.he let's take a look at the

top stories this hour. inthings continue to improve the economy, janet yellen says she expects a rate hike still this year. she said she is expecting a gradual pace of rate hikes. she said improvements in the job market and inflation at the fed's 2% target continue to be the criteria for rising rates. we'll have more on this top story in a moment. scarlet: germans are talking about the return of a greek currency. ministern finance raised the possibility of a parallel currency for greece if talks with creditors fail. the comments suggest some in germany are preparing for a worst-case scenario in the ongoing greek financial crisis. in eu summit in latvia failed to produce a deal today. german chancellor angela merkel says greece needs to do more to get the next round of bailout funds. sounds like the same old story. fed as well. it's a most like we are reading a recap. says it's ok to merge

according to tom wheeler. executives had expressed concern after the ftc scuttled the 45 million dollar merger of time warner cable and comcast. scarlet: regulators on the verge of okaying a big takeover in the cigarette industry. bloomberg news reports reynolds american is about to win 20 $5ust approval for billion takeover. reynolds is best known for its camel brand. to win approval, reynolds has cigarettes sell its e- and cool brand. boston and four of its immediate suburbs added the most residents run july 2013 to july 2014. boston itself gained nearly 6000 residents. the suburbs of cambridge, everett, watertown and chelsea closing out. the reasons for the growth were immigration, an influx of young people drawn by the area.

scarlet: matt knows this -- americans will party like it's 2005 this memorial day weekend. aaa says 37 million americans will travel 50 miles or more during the holiday, the most in a decade, and it's a five or cent increase from last year. a couple of reasons -- disposable income is up and gas prices are down $.94 a gallon since last summer. closedhe eiffel tower is to the public today. the reason -- too many pickpockets. tower workers walked out to protest any crime in the area. crowds of tourists are locked out of the paris landmark because the french are stealing too much. those are your top stories. up in the next half-hour, the economy may be improving, but fresh graduates still face daunting futures. matt: and expanding the arts here in new york city. has much higher

cost than the amount of the price tag. how one documentarian traveled around the world to get the facts on the plight of garment workers in other countries. storynow more on our top -- here's a bit of what janet yellen had to say today in providence, rhode island. yellen: if the economy continues to improve as i expect, i think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy. to support taking this step, though, i will need to see continued improvement in labor market conditions, and i will need to be reasonably confident that inflation will move back to 2% over the medium-term. after we begin raising the federal funds rate, i anticipate that the pace of normalization is likely to be gradual.

headwinds that are still restraining the economy, as i said, will likely take some time to fully abate, and the pace of that improvement is highly uncertain. if conditions develop as my colleagues and i expect, then objectives of maximum employment and price stability would best be achieved by proceeding cautiously. itch i expect would mean will be several years before the federal funds rate would be back to its normal, longer run level. matt: joining me now, our chief washington correspondent, and bloomberg intelligence correspondent, josh wright. thanks for coming, although you could have just sent a recording of the last time we spoke to you about this, right? as ben said there's absolutely nothing new in this speech. josh: i would not say absolutely

nothing new. a lot of familiar language. not a lot has changed, but what was interesting to me was janet yellen came out saying she fell on one side of the debate. there's a big debate of what's going to happen in the second half of this year. she came out in favor of the optimistic case, and she said a lot of the weakness -- tot: she has to if she wants raise rates this year, right? she's been saying she's going to raise rates this year for a long time. josh: but people started to question that because of the weakness in inflation and the jobs report we had in march. she's reinforcing the message, particularly combined with this mornings inflation report, markets are going to pay attention. it's not life-changing, but it is something. do you think she saw this mornings inflation report? she did not mention it. peter: she would have certainly seen it by the time this speech rolled around. if she had seen those numbers when she wrote the speech or initially is another question,

but she has got to be encouraged if she's looking to see inflation run closer to their target of the medium-term. she has reason to be more optimistic about the economy and her outlook going forward. i think it is important what josh said that there's a debate as to if that weakness was something more persistent or a temporary thing. she is clearly of the view that it's temporary, and arguably, her vote, her voice around the table is the most important, which is why it's a friday speech that did not move markets, but it is still important. i cannot believe she did not even add a comment. it was a huge number. because she's cautious. who knows if it's going to last? josh: the one thing she did drop was the only thing i know is that my projections, whatever they are, will end up being wrong. you don't hear that that often. scarlet: to what extent is the debate in the fed in contrast to the certainty of the market that the fed does not have the guts

to raise interest rates even by 25 basis points? the market has been so convinced that the fed will not do it. josh: exactly. that's why the fed was trying to send a message with those meeting minutes i mentioned before. they are concerned about the bond markets being too complacent. use all the news -- almost like a cry for help, i felt. they said its really hard to manage financial stability unemployment and inflation all at the same time. they are really concerned -- they did not say it in these words, but the message was they are concerned people will expect that they are not going to raise rates, and when they do make the move or even talk about the move, we will see rates spike, and that will choke off credit. -- janet yellen knows she will go down in history for if she can manage this exit gracefully. that means avoiding joking and often avoiding letting inflation kickoff. -- that means avoiding choking it off. matt: she is a brown graduate, and i'm sure that's one of the

reasons she was in providence, but she's also carrying a little favor in washington, isn't a she? peter: she is. we mentioned earlier, but one of the reasons she is there is because of the democrat from rhode island, to help coordinate this visit. he sits on the banking committee. when they were in the majority, democrats, he was in charge of the sub to midi that was in charge of the fed, so he knows janet yellen very well. i know she has spoken to rhode island business groups that have come to washington at the invitation of jack reed, so she was doing him a favor, but toarly, a place she is eager come back to, since she spent so much time there is a student. fed has we know the been watching very carefully how the bond market reacts. they are very mindful of that, but is the fed keying off the equity markets in any way in determining when to lift off? >> at think the fed wants to focus on this actual mandate. they have to issue a report was

you year to congress, and is now a proposal in the senate with them to do this four times a year. they may or may not be thinking about than a talking about that behind closed doors, but i don't think it's an important part of their functions because they don't want to be seen to be looking at it, even if they are. matt: thanks so much for joining us, pleasure to have you here. scarlet: still ahead, the economy may be in better shape. new grads, however, might argue otherwise. we'll have some data and some charts for you right after the break.

matt: welcome back. scarlet: we're going to head over to julie to take a look at stocks that are on the move. tell us about the excitement 's commentsyellen generated. julie: you know the answer to that -- very, very little. let's talk about the excitement surrounding individual movers today. we do have some. expedia, for example, trading at a record. it has been one of the best forming stocks in the s&p 500 throughout the day consistently, and this after the company said it was selling a stake in a chinese company. to a group ofon investors. those shares, i mentioned, trading at a record on that news. we are also taking a look at deere today. the tractor maker, you would think, would have fallen victim to what we are seeing are poor fundamentals in the farming industry, and yet, it's not.

shares are up after earnings beat estimates. construction makes up about 18% of the company has equipment sales, but construction is a source of strength for the company. that's why we are seeing those shares trade higher. into it as well -- expectations .ere not great turbotax software has not been doing well. there has been a rise in fraudulent state filing. it is not necessarily sold as it alsot nonetheless, beat estimates. revenue in particular came in ahead of what analysts had been anticipating. aeropostale, however, in the loss column. even worse against its teen retail rival american eagle, which did better earlier in the week. the company predicting a loss per share of as much as $.60. analysts had been looking for a loss of only $.37 in the quarter. scarlet: thanks so much. we will check in with you later on. the top stories crossing

the terminal at this hour -- america's largest food retailer wants to change the use of antibiotics in harm animals. walmart telling suppliers a want fewer antibiotics used in the production of the meat and eggs that it sells. today, farmers use the drugs not just in the treatment of disease, but to fatten animals as well. experts say walmart is the first major retailer to take such a stance. scarlet: it is a house that has probably seen it sheriff flappers, bootleg gin, and parties, and you can now buy the home where scott fitzgerald is believed to have written the classic "the great gatsby." the house has been listed for $3.8 million. what do you get for that? if the 200 square feet, seven bedrooms, six fullbacks, and one half bath. matt: that is awesome. scarlet: and a lot of maintenance. matt: i'm sure that's going to

go for more than $3.8 million. not because of the size of the house -- 5200 square feet is large, but not monstrous, but if that's got fitzgerald wrote one of the most important american novels in our history there, that's pretty awesome -- if f. scott fitzgerald wrote one of the most important american novels in our history there, that's pretty awesome. to the class of 2015, we bid you good luck. you are going to need it. even though the economy is in much better shape the exterior out from the recession, fresh grads still faced wanting theircts, starting with pay. scarlet: this chart from the san francisco fed shows the .ifference in wage growth overall wage growth has been less than stellar, as we keep talking about, but it looks like it's gone gangbusters, at least when you compare it to recent graduates, that orange line. in april months ending

2014, the earnings of recent college graduates was $692 a week, only a 6% increase over 2007. matt: there's a great article as offeringloomberg.com career advice to the new's batch of millenial college grads. the first is get out of dodge. you will have more opportunities if you are willing to pack up and move. mobility is something employers like to see. ofrlet: plus, getting out where you live in going somewhere else. you left ohio. i left new york. we both worked overseas for a while. maybe new graduates will want to go to the dakotas where the employment rate is less than 4%. california is where everyone wants to go, but employment is much higher -- but unemployment is much higher. job hopping is not a bad thing. get exposed to different people, companies, and there's even a slight pay advantage to switching jobs early on. with age comes loyalty.

typical 20 to 24-year-old's state of their jobs for 1.3 years. euros, it was three years. overall, 4.6 years. scarlet: how long have you been a bloomberg accor matt: i have been here 15 years. i'm a loyal person. scarlet: what was your first job? records.eration but that was a different kind of job. a little bit more, rock. scarlet: i worked at general electric for six months, and another network which shall remain nameless for a year and a quarter, and then on to bloomberg. matt: we are glad to have you here, and we're going to keep you here a little bit longer. the american ballet theatre just opened its 75th season. we'll hear from the ceo when we come back. ♪

scarlet: every friday, we're

celebrating the good life, a look at the entertainment and culture coming up over the weekend, and today, we're talking about how they. the american ballet theatre opened its 2015 season this month. moore: we are star culture. there are definitely dancers who show significantly better than others, and the first star people think about is baryshnikov. he sold a lot of tickets. , arlet: what's more valuable female versus male ballerina? female dancers drive ticket sales more than males. they are the star of the show. they really do drive ticket sales. very, very important, the ballerina. scarlet: i wanted to get your take on what's going on at the metropolitan opera. they are trying to attract a younger audience, remaking old favorites into cirque du soleil-type shows.

they spend a lot of money in an good a lot of donors. is there a cautionary tale here for the abt? -- they spent a lot of money and angered a lot of donors. moore: ballet audiences tend to be much younger than opera viewers. scarlet: that has stayed consistent? the last 10 years, yes. we also have a lot of little girls who come to see our ballets. our matt hayes are filled with a lot of dances wearing their own tutus -- our matinees are filled with a lot of young dancers wearing their own tutus to the ballets. beauty"ballet "sleeping cost us about $6 million to produce. maybe 10, 15 years ago, that would have been $2 million. scarlet: why is that back when general inflation, and it

also includes labor expense. it's become much more production heavy. sets and customs have to be much more elaborate than they were, and we had to follow suit. the audience has come to expect that level of production. as much as the old guard that has been antagonized, the protest generated a lot of media. do you think that controversial buzz is necessary for a performing arts company? don't think it's just about the controversy. if the quality of art is excellent and the message may be difficult, that's ok, but if it's controversy for the sake of controversy, i'm not a supporter of that. scarlet: i'm sure you had about the headlines from auctions. are you seeing a flow of money into the performing arts as you do another parts of the per -- other parts of fine arts? moore: absolutely not.

people by visual arts as investments, and you do not do that for performing arts. it is an ephemeral experience. i think there's more money being spent on tickets and 10 years ago -- scarlet: why is that? moore: ticket prices have gone up, and broadway has driven more expensive ticket prices, which has allowed us to raise our prices as well. scarlet: we were talking about have difficulties to be to recruit male dances. that is no longer the case. moore: we said a huge influx of boys and i have to thank shows like "so you think you can dance" who have demonstrated to all these little boys that this is an athletic endeavor, and you can be masculine, and you get to dance with girls. scarlet: we have a former male dancer with us. matt, you took ballet when you were younger? the: my mom went to become department head of dance at the university, so i took a little

ballet. i demanded i get black ballet slippers, so not pink. it is an athletic to lever, i agree, but it's definitely not masculine. "dancing withaid the stars" has changed the perception of it. it's not male ballerinas, that my mistake. the term is a premier dancer. matt: right. scarlet: you knew that, of course. matt: i would just a male dancer, but i still appreciate the ballet. i love to go see it. i'm glad to give a little bit of money to support it. thelet: check out matt at abt next weekend. you are heading up to barcelona for the weekend. we'll be back with bloomberg "market day" after this. ♪ . . .

thelet: welcome back to "bloomberg market day," i am scarlet fu.

the state department is releasing a trove of e-mails from the time that hillary clinton was secretary of state. some of those e-mails include information about the attack on the u.s. embassy in benghazi, libya. hillary clinton says the emails have nothing to do with the attacked in benghazi. and hillary clinton also releases speech fee data. she stopped giving speeches when she became a presidential candidate. president obama is taking a steps to repair his connections with the jewish community. he reaffirmed solidarity with israel. president obama: it would be a failing on the u.s. government and part of the people at a moral failing on my part if we did not stand up firmly and steadfastly.

this is not just for israel's write to exist but to thrive and prosper. scarlet: only three u.s. presidents have spoken before an audience at a u.s. synagogue. dog oscar founders, trover, is leaving gso. he is the o in gso. and coming up on "bloomberg market day," we look at the market on this memorial day weekend, and speaking of memorial day, the busiest days of the year are behind us, and summer is officially here for us worker bees. that is coming up on "bloomberg market day." and debt restructuring is moving forward to help move ukraine

forward. ryan spoke with ukraine earlier today. >> i remain confident that we will reach an agreement. the date is not specific. the timing is urgent. i am confident we will come to a collaborative agreement. the creditor group obviously said they don't see any need for a reduction in principle for a haircut, have you come back with a counter you give us acan sense of what kind of haircut you think would be appropriate? i am not going to get into the details of the unit -- of the negotiations, but we are constantly making talks and constantly making progress. i think the idea of needing a haircut is ready clear.

we have word from financial greeters -- financial leaders globally and you see investment , i don't thinks there are many institutions that would agree that at this stage, given the very difficult situation we find ourselves in, and the fragility of the cease-fire, and the incredible lows that have been on our people and our nation that a restructuring is not necessary. ryan: minister, you have threatened to stop coupon payments, and when would that be that that would happen? when you woulde create a kind of deal to come together with your creditors? i have not threatened, but we have granted the government authority to suspend payments.

i am very hopeful and confident that our creditors will come to the table and have collaborative discussions and will reach an agreement. thell make sure that all of tools are available to protect my nation and protect our taxpayers. scarlet: that was ukraine's finance minister. high-fashion costs a lot, but there is also humanitarian costs. there was the brutal conditions brought to light of the 40 million people forced to work. women make up 85% of the workforce. the minimum wage for a bangladeshi garment worker is $66 a month, and that is after months of protesting. it was previously $38. the factory fire inspired this man to make this film, andrew,

think you for being here, what has changed? andrew: and the last two years, we have seen and increased increase -- seen an of attention on this, but we are staying -- seen girl changes. -- seeing very little changes scarlet: -- seeing very little changes. scarlet: are we seeing cosmetic changes? clothinge are wanting produced in a way that does not lead to unnecessary harm. scarlet: we know that walmart policies into place and we know they are very vocal in generating buzz, but what kind of difference is it making? andrew: there is a lot of good things that have been done, but this is an industry that has wanted to write its own rules in a way.

it is like playing a game of soccer and the rules are being created by the players on the field. this is been a way for them to say, we don't need outside rules put in place, we will handle this ourselves, and that has failed to clean up the industry to a place that we would like to see it. scarlet: part of that is that there is always another country to move to. once it was china, but china has priced itself out of the market, and now it is a --, but where will the next eglin -- factory fire be in the next 5-10 years -- and now it is bangladesh, but where will the next factory fire be in the next 5-10 years? andrew: we need to begin to set rules and businesses that can be sustained across a supply-chain. for companies, you must have a chain that operates across printable and not just

country-specific. scarlet: can you give me examples of that? andrew: there are companies that are becoming very responsible, there is the caring group. impressiveing things and letting people publicly see the amount of resources and the environmental toll being taken. we are slower to see any real accountability transparency on the business models. scarlet: in 1960, this is straight from your film, 60% of our close come from the states, and today, 3% only come from our country. preventing those companies from following the lead of american giant or new balance? one is the increased amount of consumption, making a cheaper and cheaper product,

making a more disposable product, and the need to make that very cheaply has what has led them to go overseas for very cheap labor. that is done in a way that has removed any kind of responsibility. like if i don't employ those people and i don't own that factory, it is not on me if something goes wrong. tois about a return responsibility and in return, our customers are going to care and we are going to set up our business in a way where we are doing this awfully. -- thoughtfully. moreet: do you see technology doing the job and that will remove the turmoil? i think so, we are talking about incredibly low level developing markets, and it is also the employer of a huge portion of the poorest of the working poor. clothing is still made by

human hands, and that is a really important thing to recognize. scarlet: something that not a left -- not enough people recognize, that is andrew morgan, the director of "the true cost," the film focuses on the garment industry. ♪

scarlet: welcome back to the "bloomberg market day," i am scarlet fu. fed chair janet yellen said she expects a interest rate increase rate increase. the core increase, that means without food and without fuel, is up, and that means it puts pressure on currency. this is falling right now over the last two days, but it has declined and is currently stuck level, $59and change barrel.$59.69 per let's see how copper is trading s well, currently down

4.25%. the lowest price this month. is up earlier, but it has really, right back down and as erased its advance, so very little has changed at the moment. now to look at the top stories crossing the terminal this hour. coming soon from phillip morris and other cigarette makers, they make cigarette intentionally designed by manufacturers insured -- that assure addiction. this is according to a racketeering case. the same court that said companies don't have to say that they lied about the dangers of smoking said this. philadelphia's district attorney said he will wait for the federal report on the amtrak crash before pressing charges on the engineer.

investigators have to prove there was negligence and not just a mistake in the crash. and it is a development that they reduce those irritating delays in travel, the faa has approved an e-mail link between the control tower and planes. this system is expected to save airlines of time and money. those are your top stories. headed out of town this memorial day weekend, brace yourself, because aaa predicts this weekend will be the most easiest memorial day travel weekend in a decade. mark crumpton is on the road, matt miller just left for the road, and betty liu and i are holding down the fort. betty: thanks, guys. [laughter] scarlet: this might be our last amount of activity for a while, but if you consider pre-labor reaching out to

these big guests, is it hard to get a hold of them? they must all be out of town? betty: it is, if we try to get these guys in wintertime, they are all down in florida, and they come here, but they are on vacation for july and august. story out bloomberg that counted the number of days, i can't remember exactly, but summer break is longer than this year than prior years. scarlet: it is messing me up that memorial day is this weekend. betty: and labor day is extra -- betty: it is messing me up that memorial day is this weekend. scarlet: labor day is also extra late as well. -- that'st's white right, so you only have 60-some days to get this done. scarlet: and then you go to thanks giving when everyone is scrambling and then they skimming comes around and nobody does any work until christmas. i feel like we are in

europe, we are like europeans, we are getting lazy. scarlet: let's hope our boston not hear that. janet yellen's speech was the last thing we were waiting for. was thehat's right, it last big thing that everyone was waiting for, and it is chose to dothat she this on a day right before people would leave for holiday. it is a good thing that she did not throw any curveballs at the markets, because there would have been a lot of traders angry , especially with the bond market closing at 2:00 p.m. scarlet: nobody would have gotten anything done. the market reaction or non-reaction might come next week when we really start to digest what she said. scarlet: betty liu will be back in about 15 minutes. coming up on the "bloomberg disneyland is marking its 60th anniversary, and see how it is sharing within

today's economy. ♪

scarlet: in the fast-paced world of formula one, the difference of winning and losing can be in the milliseconds, so teams have .o find whatever edge they can so even if you have the fastest car, it still can't be enough. wins, and a first place in the championship, last red bull was knocked from its four-game winning streak. >> this is what i study all the time, so you basically have almost an unlimited amount of channels you can have, from

casings,res to tire this is a new way of life and i can't imagine how you could live in the past. >> engineers can make the difference from behind their desk. we will have all of the data going in both directions and go direct to the factory and audio intercoms with the driver talking to the engineers. >> the team rely on data, tons of it, flying in at lightning pace. there are a few things that you can give to an enterprise, of simulations or understandhave to when they actually get onto the track.

>> thousands of way from the circuit in shanghai or monaco, there are data centers with valuable information coming through on a serving -- unassuming server racks. we are not even allowed to know who is who. there is the largest submarine fiber network connecting hundreds of countries. that means on race day, there can be a gigabyte of data going through their service every second. -- they canof the configure everything in real-time. >> for example, you feel that three, anddoing lap you can't really remember all the way back then, but you press the button when those things

happen and when they come back in, you can say, hey, i can press the button there and it is a reminder. >> recent rule changes mean a maximum of 60 track crew are allowed crew side. -- loud trackside. -- allowed trackside. we have all the information coming from the car and all of these changes that you make are recorded and analyzed for the next time that you go out. >> afterwards, we will analyze what we did do, and what would it have been like if we had done it differently. could we have done more? cars,t: speaking of fast "cars" was a big hit for disney, and disneyland is marking its 60th anniversary this summer, and it has a shiny new veneer on

the sleeping beauty castle. parks and resorts account for almost a third of $50 billion are joined more now on a theme park business, and so much of this has to do with ticket prices. they can raise ticket prices because they are doing so well. that's right, they surpassed disney world, but 60 years ago today, do you know how much a ticket at disneyland cost? scarlet: i shudder to ask. >> one dollar. talkinga full screen about the disney world prices 2900%, it may that rise, it went from $3.50 to $105 to this day. whohave to get the people are buying at the tickets and we are seeing a record numbers

coming into disney world to the tune of about $108 million back in 2013, that was the latest available data that we have. people are not stopping, and even during the financial crisis, we saw a slowdown in growth, but every year since 2008, it has been a record numbers in attendance. scarlet: nonetheless, it keeps rising, i was just there at disney world in november, and that was supposed to be a quiet. period, and people were knocking us around as we walked about. >> how long did you wait in line? , butet: we had fast pass it was complicated, you had to plan in advance to make the most of it. >> and that is the thing, with the investment of fast pass and magic band, it is supposed to make them better. did it make you happy? scarlet: it is supposed to make it easy for any kid to buy whatever they want, my son went

whata store and bought you wanted. many of youw how went and how many will be coming back and how old your kids are. they can really tailor your marketing towards you. if there arean say too many crowd here, let's make a distraction or let's create a parade here and bring it over. they want to see if that can be expanded here and we're looking forward to disney and shanghai. scarlet: that is going to be a big one. >> that is the 13th property from around the world, and so many people are waiting to get their heads on mickey mouse or to go on a ride there, and one interesting thing from yesterday, the biggest disney store opened and that was in shanghai. scarlet: of course. >> one hour later it closed because it was to clout is -- it was too crowded. scarlet: that is modern china

and the modern chinese consumer in a nutshell. it is the biggest store in the company's history and they have to shut it down. >> they love it. scarlet: they love their disney. his knee'so california adventure lester, it was fun, i would go back -- disney's california adventure last year, it was my first time, it was fun, i would go back. much, whenank you so we come back, we will get your thoughts on the economy, and the last hour of trading as it wraps up on the last day of this memorial day weekend -- as it wraps up for the last day until this memorial day weekend. ♪

and in san is new daycisco, and it is market -- and this is "bloomberg market day."

we enter the final hour of training. betty: new york city schools are lower interest rates. scarlet: and the summer movie season is upon us. it is all about summer sequels. scarlet: good friday afternoon, i am scarlet fu along with betty liu. betty: let's see how markets are trading right now, stocks are mixed. they started to retreat a little bit and started to make up for the losses after janet yellen spoke. it does not look like we are going to hit that record high