♪ matt: good afternoon, i'm matt miller. alertm is on his highest as to her strikes, european union capital. ron's go off at the airport and the metro station, -- bombs go off at the airport and the metro station, islamic state is claiming responsibility. reaction is pouring in with world leaders from angela merkel to david cameron promising cooperation and support. president obama tells belgians prime minister he will help bring those responsible to justice. we will speak with former nato ambassador nick burns. u.s. stocks are holding up despite the terror attacks in belgium. markets gaining in late trading with health care and tech leading the way as crude oil dips.

let's continue our coverage of the terror attacks in europe today. to recap, there were three bombings at two locations, beginning first around 8:00 a.m. local time at the brussels airport, and a second attack about an hour later at the maelbeek metro station. this is the worst terror attack ever on belgian soil. leaders around the world have been speaking out against the act of terror, pushing for allies to stand side by side in order to fight back. these are difficult times, these are appalling terrorists, we must stand together and do every thing we can to stop them. and make sure that even though they attack our way of life, we will never let them win. matt: in the last hour, belgian police tweeted an image of the suspect wanted in the airport bombing, let's go now to ryan chilcote, live outside the european commission in brussels with the latest. how is the city holding up? i know that was in order for

people to stay off of public transportation, a lot of it was closed. has that opened up again? visiono, public transit has not opened. much of the city, particularly the central part of the city is still closed. let me you the lay of the land where i am right now. over my left shoulder you can see the maelbeek subway station. that was the sight of the second of the two attacks. it was at about 9:00 in the morning here in brussels. people were just commuting, making their commute into work. it's where the majority of the in these twoilled attacks. the other one, of course, as you said being at the airport behind me. you see one of the main arteries that leads into the heart of brussels. you can see that is closed. the old people using this road right now our search and rescue vehicles, police, to get to the site of the attack. at the subway station. which is in a couple of am go by, people here telling us they are actually going to pick up

some of the bodies that remain at the site. finally, over my right shoulder, if you're able to show this is a corner of one of the buildings belonging to the european commission. it's wherehappens most of the eu of financing and economy ministers meet. it was really a strike at the heart of the european union, and its seat of government right here in brussels. matt: the heart of the european union, and it often forget that belgium is also a constitutional monarchy. , the king iselgium speaking right now. what you expected hear from him and what is belgium's response? ryan: look, this is something that has never happened before. in brussels or in belgium. it's the largest terrorist act in this country. there has been lots of threats of terrorism, including last week as they apprehended the

last of what they believed to be the suspects in the paris attacks. there were concerns that could be reprisal attacks. on here, i was in brussels friday and people were patting themselves on the back, that operation to detain the final suspect from the paris attacks went off without a hitch. known was injured and there were no real reprisal attacks. fast forward to today. many people drawing the line. but we aren't hearing too many government officials saying that just yet. certainlyhe king, and this is what we've been hearing from the prime minister of belgium, to be reassuring the people here that they are trying to control the situation. much of the city is in lockdown. but you know how it is, matt. that's pockets of the city, where these attacks didn't take place, where there aren't man hunts going on, because there are manhunts going on right now. it is a little bit like life is normal in brussels. matt: even before the wave of immigrants came in the last

year, we have had issues, or in paris, the urban pockets of the city that aren't very well integrated. in belgium, there's an immigrant population that is very well in the -- integrated. what is it like in belgium? we hear a lot more about paris than we do about brussels. ryan: that neighborhood, matt, and russell's -- in brussels, is of great concern in western europe. it's largely seen as sort of a hotbed for islamic militancy. it is where the suspect was detained on friday read it's where many of the suspects that took part in the attack on paris are believed to come from. it's a really impoverished place , it's very homogenous, not very integrated. it of people from north africa there. it's a source of a great deal of

concern that right in this very heart of this very prosperous auntry, have to say, you have large population of people that don't appear to be integrated at all. with a large amount of unemployment, very little opportunity, and a lot of people preaching violence. this is an area that people will be talking about as we go forward, and to figure out how this happened. matt: thanks, bloomberg's ryan chilcote station for non-brussels. less than two hours from the close of trading in new york, stocks are holding up well. julie hyman has latest. julie: we've been talking about this all day, ever since this morning when this first happened and you were covering the markets early on bloomberg television. much of a't been that negative reaction, particularly when you're looking at the u.s. markets. ast holds true even now

major averages are positive and have been holding onto gains. one thing i do want to mention is the volume continues to trend low. yesterday was the lowest line trading day of the year here in the united states. now again today we are seeing volume run about 25% below the average over the past 20 day span or 100 day span for that matter. that is the thing that has characterized trading as well. take a look at the s&p 500 over the course of the day. you can see a little bit of bouncing around. it the trajectory has been higher. we've held pretty steady for the last hour or so of trading with these gains. at the same time, the stocks have built on some of their earlier gains. we've seen some of the so-called safety trades not do as well. gold, which climbed after the bombings were first reported has since come down. it still up .2%, down substantially off of the early highs after again the bombings were first reported in brussels. matt: which of the sectors that are doing the best and worst?

julie: health care is doing the best, there is an seemed to be it driving reason behind it. it's a sector that has been beat up as of late. information technology is doing well, consumer staples on the downside along with telecommunications. interestingly enough, some of the defensive groups are doing the worst today. they were helping lead some of the gains yesterday. within pharmaceuticals, some of the best-performing stocks if you look at the large cap pharma, you have allergan, amgen, and pfizer all on the rise of this point. the drastic by index is having a big day as well. a specialty pharmaceutical big cap pharmaceutical, but also biotech higher up by 2.5% right now. that's a big part of the game we're seeing today. again, complete with divorced, really, from what we are seeing happen in europe today. matt: interesting stuff, julie will keep covering the markets. we will check on the first word news with mark crumpton. mark: the latest on today's attacks in brussels, which have

left 31 people dead and another 230 injured. islamic state is claiming response ability for the violence. a total of three explosions rocked the city, including two over the brussels airport which will be closed at least through wednesday. another blast included a downtown subway station. world leaders have condemned the violence. belgium's prime minister has declared three days of national mourning. president obama says he is in cuba to bury the last remnant of the cold war. came asident's remarks he delivered a televised address to the human people. president obama: with the united states was doing was not working. we have to have the courage to knowledge that truth. isolation designed for the cold war made little sense in the 20th century. the embargo is only hurting the cuban people is that helping them. mark: the president also met with cuban dissidents today, he

praised what he called their extra ordinary courage. right now, mr. obama and raul castro are attending a baseball game between the tampa bay rays and one of cuba's national teams. hillary clinton donald trump run opposite sides of the bloated will spectrum, but they do have one thing in common. themority of voters view unfavorably. 57% of voters view mr. trump unfavorably, 52% have the same opinion of mrs. clinton. that's according to a cbs news new york times poll. no other front runner for either party's nomination has had an unfavorable rating higher than 41%. former toronto mayor rob ford has died of cancer. his tenure as mayor was marred by revelations about his braking problems and illegal drug use. he was repeatedly videotaped and photographed while intoxicated in public. nevertheless, he was later elected by a landslide to a city council seat. the former toronto mayor rob ford was 46 years old.

global news, 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. i am mark crumpton. matt: up next on "bloomberg -- ben," been horowitz, horowitz joins us to talk about andy grove, who died yesterday. he calls grove the best teacher and ceo he has ever met. ♪

matt: this is "bloomberg markets," matt miller.

andy grove play the central role in the creation of the semiconductor industry and was also a mentor to silicon valley's elite, including larry ellison in the late steve jobs, and our next guest as well. emily chang is standing by for an interview with venture capitalist been horowitz -- ben horowitz of andreessen horowitz. emily: my condolences, notices and emotional day for you. very close. were you called him the greatest teacher and the greatest ceo ever. i would just love to know more about your relationship with and in what he meant to you. -- with andy, and what he meant to you. ben: it started with me reading his book. it's an amazing thing, here is this guy who came here literally --a refugee and then builds built the most important technology company in the world. , with himt time sitting as ceo, he wrote a book

called high output management. books, butos right no ceos read books about how great they are, what an awesome company that builds, something like that. he wrote immanuel on the right way to run a company. that is still come i think, one of the best management books ever writt. career tochange my have a book like that. the mostat are enduring messages of his management philosophy in that everyone knows that famous quote that only the paranoid survive, there was so much more to his style. he was known as an inspiring, scary, and brutally exacting leader. that, heas known as didn't waste a lot of time, and he didn't have a lot of tolerance for people not putting

in the right amount of effort. andy was heng about saw something in everyone. he can really see the potential in people. he would put so much effort into getting out of them. a taught his entire time as ceo, he taught management training at intel. and then he put out the book for the rest of us. but that book is so incredible is not only my favorite management book, you go back, steve jobs, larry ellison, bill campbell, their favorite book. you go forward, mark zuckerberg, it's his favorite management book. the reason is, and he actually dealt with the actual issues you have the manager, as opposed to the easy things he dealt with like, the things you didn't quite know how to do. everyone knows you shouldn't let people be late to meetings, because the big waste of the hards time, but thing is what you say to someone who comes in late to a meeting?

how do you deal with that super awkward moment. and it would explain to you exactly the way to think about , how to deal with it, things like that. it was such an amazing gift that he took the time to do that for all of us. emily: it's interesting, because he reigned at intel threw fits and starts, it wasn't always perfect. think was so important about him when it comes to the history of silicon valley? how did shape this place that we know today? not only did he build literally the foundation of the company, the microprocessor, and to get to the microprocessor, intel was in the memory business for the first 13 years of its attorney inis an tech, usually that's it for you once you get to 13 years. he faced incredibly brutal competition for the japanese, including subsidies from the japanese government to his competitors. which forced him to switch the

business that late in its life to microprocessors. something that he first saw might be a big market. but the time, was tiny. u.s., and as a result, the ended up being both the center of the microprocessor market, and also the center of the pc industry, which led us to be the center of the internet or at city kind was a foundation for the u.s. leadership in technology. that was a really big thing. beyond that, he was also the cultural foundation of silicon valley in that his leadership in turning around once he achieved what he did and making sure that other people knew how to do it was unprecedented, and no one has done it as well since. we have all lived off of it. it's made every company that has been built or read that book or followed him any -- followed

andy grove much better. emily: the idea of a turnaround is still elusive to most big tech companies out there, with perhaps only apple truly turning itself around. now we are seeing yahoo!, ibm going through very difficult times. what do you think andy's advice would have been to them, what did you think about them in his final months? there are probably some things he said to me that i shouldn't share. but i will say this. thing that andy and steve jobs had in common was to take the courage company in the direction that may be nobody at the time really thought was a good idea. i think it what you see in a lot of leadership now is what i would consider more followership. what to the shareholders want us

to do, what to the analysts think is a good idea? if you look at what steve jobs did with apple or what andy did with intel, nobody reported on it, nobody was an armchair strategist would have sent either of them in the directions they took. but they did the work, they knew what the right direction was, they were ok with whatever happened to them. they were ok with doing what they believed was right. i think that really kind of defined andy as a leader. and the thing i think that people who follow them take away is that courage, and a determination to do what is right. it seems like so many young people want to be entrepreneurs, not to come silicon valley and live the silicon valley dream. what was his take on young entrepreneurs today, some of whom they be called overly arrogant or naïve? and what lessons should they take from andy grove?

emily: i think andy really continued --ben: i think andy continued to believe in people. even in young people who were considered arrogant. he spent time with a lot of the young ceos, mark zuckerberg at atebook, and if you look mark's career and what he has done both with the company and philanthropic way, i think you can see that he learned a lot from andy. he knows, particularly the importance of giving back. and his career, if i could characterize it, was so influenced by how grateful he was that this country took him in as a refugee. at 18 years old, he had nothing. he came over on a boat, he got a few dollars per month and we let him be a citizen. ever stopped trying to repay that. he painted forward to all of us.

in such an amazing thing. that level of gratitude and belief in humanity i think is what we all try and take from it. iix: i.r. number -- emily: remember when you presented him with a lifetime achievement award. horowitz, thank you for joining us today and sharing your story of andy grove and his legacy. mats, back to you. matt: thank you. we sure to catch emily later today on "bloomberg west," for all today's top tech stories at 6 p.m. time, 3:00 eastern. still ahead on "bloomberg markets," following the terrorist attacks in belgium. prosecutors say police found a nail bomb about four miles away from the brussels airport. they have also uncovered chemicals and islamic state flag. stay with bloomberg for all the details.

matt: we are breaking headlines out of brussels. police say they found a nail bomb in a neighborhood closer to the center of belgium, just about four miles away from the airport. police also saying they found chemicals as well as and islamic state flag. follow theinuing to terrific events that started off at 8:00 this morning local time, about 3:00 a.m. new york time, when the first bomb went off in the brussels airport. about an hour later, another bomb went off in the subway, the

maelbeek subway station. at least 31 people have been killed, about 200 injured. here you see u.s. markets, resilient in the face of terror. only so500 rising slightly, just four points to 2055. a green our oh nonetheless, -- green arrow nonetheless. we did have oil fall today, which is fairly unusual in times of terror. you tend to see crude oil rally. take a look here at the nymex crude, we come back down a little bit. 23% -- $.23 at $.29 a barrel. the commodities closed, we get a look at the impact. ♪

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belgian prosecutors say that police raids are taking place around the country after what authorities believe or two suicide bombings at the brussels airport. and an attack that occurred in a downtown subway station. the police have issued a wanted notice for an unidentified third suspect. meanwhile, german chancellor angela merkel has pledged belgium's prime minister germany's full solidarity. today's attacks in brussels left at least 31 dead and another 230 injured. islamic state is claiming responsibility for the violence. security will be tightened at airports, railway stations, and ports in the united states. that is according to a government official briefed on the plan. it includes additional law enforcement personnel in those

facilities. donald trump and hillary clinton will try to pad their elegant delegate lead. a short-handed u.s. of prim court decision ended in a tie for the first time since the death of justice antonin scalia, involving discrimination under a federal equal credit law. a 4-4 split upholds the lower court ruling without setting a nationwide precedent. matt: commodity markets closing in new york. let's look at some of the biggest movers on the day. explosionsfter two tore through brussels and another -- at an airport in another in a subway, causing death and injuries.

safe havens caused the middle to rise. and oil traded above $41 a barrel after the terror attack. initially reacting, but it was short-lived. crude inventories climbed from an 86-year high and put a small damper on the prices. it's interesting to see the price come down on a day like this. in liam darling -- liam denning. first of all, welcome to new york. did you think it was interesting to see crude him down? attacks, when you saw the london bombing, for example, or 9/11 are the boston marathon bomb, typically, oil will rise with unrest.

paris attacks, those were different markets because they were a lot tighter. attacks,o the paris unless an event like this takes place in an area which is a big are in the middle of the middle east or somewhere like that, really the old market looks through it and says, ok, what is happening with supply and demand? matt: so what is happening with supply and demand? liam: we still have a glut of oil out there. we have seen some production declines in the u.s. we have seen some struggling opec members like nigeria and venezuela. but inventory is still exceptionally high. not just crude, but also gasoline and diesel. this market is really struggling to clear. a yeare are still come to date, 11% so far in 2016? right?dle

a freeze of january levels doesn't help the market clear. a chance tohas raise production and are not interested in a freeze, then that will produce a glut. they are already has 3 million barrels. they already -- they are already on their way. liam: that's right. i think they were looking to get to 3.6 million by the end of the year. if they do get anywhere near that, it is a real problem for the market in terms of clearing

in the second half. matt: what about u.s. production? i've seen figures it would have come down half a million barrels. in production can you as producersl. -- barrels in production. -- slumbeberland rger was talking about the yesterday. the big missing ingredient is capital. will investors come back and invest in these companies to turn on the rigs again? having said that, we have seen companies issue a lot of debt this quarter. appetite toarly invest. it would take longer for actual drilling to start again.

matt: thank you. you write for gadfly. it's on the web. bloomberg.com/gadfly. matt: that is a great resource for terminal users and now anyone can be desk and access it. gold prices surged to do to the global unrest. but they have been on their way up anyway. gold has been building. i was chock -- talking with charles de gaulle this morning. it is not unusual. joe: i did hear that. it is not unusual, something we are hearing right now. ago, we started hearing more and more asset manager saying they were keeping and i'll gold. eye on gold.

i sorry before the break that we saw the s&p turned slightly positive, but european stocks were firmly in the red following the tax in brussels. it appears -- the attacks in brussels. people heard a few mentioned reasons for buying gold. central-bank action around the world is ongoing. volatility is also another reason people mentioned. at least in equities, volatility has really calmed down. joe: in the gold side, would people have been looking at is what has been going on in the equities. you have had a lot volatility. things haven't it's a great. people are saying, you know what, maybe it is time to turn to gold. sure, the fed raised rates in december. but we see negative rates are in -- rates in the rest of the world. it's been a who say couple of years. it's been pretty better gold.

maybe there is something there. matt: in the past, the blessing gold as an inflation hedge. with the world facing deflation, gold interesting to see rise. : it really depends on each individual person why they are by into the market. right now, the gold market on the upside at 18% year to date could be a number of factors. matt: thank you. latest on thehe terror attack in brussels. we will speak with former nato ambassador nicholas burns. as we go to break, let's take a live look at european capitals lit up in the colors of the belgian flag to honor the victims of today's attacks in brussels. ♪

matt: ambassador, thank you for joining us. there are statements coming out from leaders all around the world, including president obama in havana, about a response to this terrorism. what you think government nice

to do to defend our allies against attacks like this? ambassador burns: we have to identify what has happened with the europeans. it happened here in new york. the terrorist group that took responsibility, islamic state, is a threat to both the u.s. and canada and to all the europeans. what it means is we have to rally around them. traditional cooperation, law enforcement cooperation, and making sure that error -- that our intelligence agencies are working together. when you have homegrown terrorists in the city of brussels and in the suburbs of move withhave to their allies. we have to have an engaged america to help the europeans. matt: i think nato as a coordinated military operation. i don't think of it as

counterterrorism or an organization that gets involved in domestic issues area ambassador burns: nato as a lot of things. it is our political commitment to europe. we are part of the structure. it is our military alliance and but most of the terrorism cooperation is taken up by other organizations. that's where they u.s.'s of decades of experience working with the europeans, they came to our help. i remember the europeans gave us a lot of assistance. we now need to help them out and consider this to be really a common problem. because the islamic state is our adversary, our enemy, not just that of the european people. matt: nato is fighting islamic state in the middle east. how is that fight going and how difficult is that? ambassador burns: i think we have done well to contain islamic state, but we clearly haven't defeated it. has metastasize. islamic state has set up an outpost in libya.

they control 180 kilometers of libyan coast line. and they are able to have sleeper agents in places like brussels, the people who conducted these terrible attacks today. so it is a really difficult fight. what we have learned since 9/11 is that it is a fight the goes on. one of our generals said several years ago it's a long war. it means we have to be on the our police camaro fbi, intelligence sources to help the europeans. we will see these attacks in europe. we really -- missing them in the middle east. we will see them in parts of west africa and north africa. it is really a fight by 30 or 40 countries. not just in europe, but in north africa along with the united states against these terrorist groups and it will go on for a long time. matt: we finished speaking of a andy grove, who died yesterday, the founder of intel. he was himself a refugee and came to this country, not only to found the most important microprocessor company of all time, but it led to the creation of a u.s. computer injured --

computer industry and made the u.s. the center of the internet and help us to prosper. you worry about people that getting creatively -- that get in currently xenophobic at a time like this. you have to worry about the european immigration problem as far as kind of the trojan horse theory goes, right? toassador burns: we have control our borders. people.to check you are right to say that refugees rejuvenate our country. we are a refugee-immigrant nation. all of us come from someplace else. and these people, i think him on the whole, are going to strengthen us, not weaken us. and it pains me to see the protectionist and closed attitude of our leading presidential candidates. -- says the says" door to all muslims and build a

war -- a wall against mexico. matt: do we need to take a greater role? angela merkel said that germany has taken upwards of 2 million immigrants. more than half of those immigrants have moved on to other countries through german borders. should we be playing a bigger role in taking these refugees from violence in the middle east? burns: we should. since world war ii, we have taken half of the refugees. we have not done that this time. we are taking in 10,000. that is the number that president obama has committed to. that number has to be much higher. but in reality, we have only taken about 1700. we should do what we could to help at the europeans and help the middle east. these refugees are people who have had to live under russian bombs, iranian and assad bonds. bombs. to accommodate --

we have to accommodate refugees. matt: right in the capital of the eu, so close to the heart of nato in europe, does it surprise you or is this the kind of thing that we need to expect to live with as we continue on this war with isis? ambassador burns: i'm afraid to say that we have to expect that this kind of attitude is going to it -- to continue. we saw the pair's attacks in the last year. now we have brussels. we have been attacked in our country. we have to strengthen our defenses. the gets down to painstaking daily police work and intelligence and law enforcement worked. that is where the frontline of this fight is. the outer fight is what our pilots are doing in trying to strike at the islamic state in syria and iraq and now libya. so there are fights going on in multiple dimensions and we have to be active with the europeans to help them because it is our fight, too. we are not immune to this. we saw that with the san bernadino attacks. for: thank you so much

taking the time. really appreciate your visit today and your words. nicholas burns, currently with the harvard kennedy school of government. stocks are holding up well in the face of those terrorist attacks in brussels. going down for an eighth straight day of gains. that would be the longest winning streak in three years. and today, health-care stocks and biotech, the biotech sector are helping to lead the way higher. julie hyman has more. on the x bia,g couple of moreex than 3%. if you look at the large cap movers today, the stocks with the most gains and biotech. jen, all on the rise today. -- amgen, all on the rise today.

acorn is seeing a big a&p and it is at 41%. the company came out with earnings that was a little bit of a mixed -- missed picture. it has been working on restatements of its earnings. the company's ceo says they are hoping to put any material weakness behind them and move forward pass this restatement. that is the best performer among the biotechs today. take a look at the bloomberg -- this can tears -- this compares spi.bi and the we have really seen underperformance in the biotech. the little bounce we have today is from a very low level. if you take it back and look over the past five-year period, then you have outperformance of

biotech before it really plunged. really in the last year come over a lot of different issues, probably which is questions about drug pricing, not only at biotech but specialty pharmaceutical makers as well. we saw the big run-up. we saw the come down in the past year. and now we are seeing a little bit of a bounce. matt: thanks for that. coming up on bloomberg markets, another worry for walmart. its low prices may not be low enough. we will look at how one german competitor may be winning the war on prices and weighing down walmart. ♪

a new german grocery store chain is beating walmart at its own game, selling food at

rock-bottom prices. walmart stores have dropped nearly 19% in the last year as a german rival aldi pumps up its expansion across the u.s.. how big of a threat is aldi to walmart? i lived in germany for years and years and i knew -- i know about -- i didn't realize they moved here to compete with walmart. are they really better at what walmart does than walmart itself? janet: when it comes to prices, they typically can beat walmart are priced an. a survey found that it is 20% less than walmart. there were some items that were 50% less. of course, not everything is less than walmart, but a lot of things are. all of these become the low-price leader, which is what walmart's claim to fame was. i have been to a few

walmarts. when i am there, i look at things like aska balls and bicycles and semiautomatic weapons. sells mostly just foodstuff and they are much smaller. shannon: they do sell food and you will not be able to get your ammo at aldi. but it is a much smaller competitor and they are different from walmart. they do carry food. they don't carry national brands. they only have their private label brands. they are sort of a fly buzzing around walmart's head, but they are going at the key customer, the low to middle income, discount-minded shopper who is looking for the lowest prices. if walmart loses one or two trips a year from a current test my fraction of those customers who are going to aldi to get cheaper serial oars cheaper catsup,p, -- or cheaper catch

that makes a big difference. just needs to find a thousand square feet and hire a few people and they are done. shannon: we have seen walmart, to your point, go to these smaller format stores, more like a traditional pressure store. how many more supercenters can the united states hold? there's already 3500 of the supercenters. walmart does seccombe if they want to expand more in the u.s., they will have to go to smaller stores, even more to like an aldi model if they want that type of growth. i is still owned by a billionaire family and not a publicly traded company. shannon: right. company,a family-owned a german company. they have a big presence in europe yet they have been in the u.s. since the 1970's, but

mainly in the midwest and the east coast. california will be a big market for them this year. but we do not know a lot about aldi. walmart is family-owned as well. the are majority owned by walden family. we don't know what time of -- what type of profit aldi generates. they are very secretive. yes, they don't have that kind of pressure that walmart faces. matt: thanks so much for joining us. today'shave more on terror attacks in brussels in the next hour of bloomberg markets. ♪

david: welcome to bloomberg markets. here is what we are watching this hour. terror he and europe, the latest on the attacks in brussels that left dozens dead and hundreds hurt. the police are not -- are on the hunt for a suspect. and what is left for the intelligence community after an attack like this? trading,cover in late largely higher despite the attacks and dungeon, offsetting declines in consumer staples. we continue with our coverage of the terror attacks in europe. islamic state reportedly is claiming responsibility. at least 31 people are dead, more than 200 injured. the bombs exploded during rush hour this morning, fir