versus expectations of 103.6 again, a touch light of expectations finally, the third component of the ifo survey, the expectations index, that came in at 95.2 for april verz consensus expectations of 96.1 all three of those metrics, the expectations, the current conditions, and the business climate index all came in light of expectations. in terms of commentary around this, the ifo institute says the german business morale has fallen in april. it continues to lose steam that is the german economy continues to lose steam. shouldn't really come as a major surprise given the data we've seen recently out of germany in particular those manufacturing pmis nevertheless, taking a look at the euro on the screen in front of you it is trading lower about 25 basis points let's take a look now at how european markets are trading it's just a couple of moments now after that data has come through, but beyond the data, there is a huge number of corporate earnings in focus today for investors to digest. as i mentioned there in the headlines, we are coming off of a recordbreaking day on wall street that po

joining us from skype in munich is the ifo president.always, thank you for giving us a little bit of your busy schedule. are you disappointed in the figures are you think the trend is upwards? clemens: it is a disappointing result. [inaudible] francine: mr.fuest, i'm going to cut you off because we are having trouble understanding what you are saying. i will get back to you. k, we were speaking to the leader of credit suisse who said germany will be disappointing. how much do you worry about the german economy? erik: i do not worry a whole lot. today wase from ifo that it was disappointing but it was all on the manufacturing and trade side. while manufacturing confidence is at an all-time high. so this division between the internal and extra. it -- external. it comes back to what we have talked about before, the main thing keeping germany down is the slowdown in global trade. that looks like it is picking up , it is picked up in the numbers out of china. and typically, a month or two later, it moves to germany. so i'm not fundamentally w

mark: we will watch for ifo revenues.t estimates i saw was year-over-year iphone sales could fall about 20% so that is pretty significant. we are going to see another annual overall sales decline. we will be watching to see when i will start turning around. emily: we will be checking in with you for the numbers tomorrow. bloombergs mark gurman who covers apple from l.a. that does it for this edition of bloomberg technology from washington. we are live streaming on twitter. hnology. out @tec follow our breaking news network, tictoc, on twitter. this is bloomberg. ♪ paul: welcome to daybreak australia. selina: i'm selina wang in san francisco. sophie: i'm sophie kamaruddin in hong kong. we are counting down to asia's major markets open. ♪ paul: the top stories we are covering in the next hour -- u.s. stocks touch a new high at the start of a data rich week. financials lead the gains in the s&p 500. google's parent a loser after hours and shares tumble after first-quarter earnings reveal

on the positives, we did see the ifo come in a little better than expected. i do think there's emerging evidence that germany is beginning to stabilize. from my experience of visiting germany and seeing our clients my don't get the sense of any kind of economic downturn or crisis unfolding in germany. a temporary element to what happened in the second half of last year. i would expect us to start to see relatively quick evidence that the sentiment will improve and the german economy in particular with stabilize. vonnie: if you were to look at u.s. markets right now, you , bondsee the s&p 500 up selling off, but the 10 year yield at 2.47%, the two-year yield at 2.31%. what would that tell you about the u.s. economy? guest: again, it would tell you from the way in which equities have performed relative to rates in particular that the power of fed communication, to the extent of moves in the rate market. it was very much dictated by the monumental, rapid change of communication we got from the fed. when you see the incoming economic data, certainly it is more mi

around 10 to 20 miles per hour it feels chilly.n 45 ellicott city. 45 in germantown. 48 in leesburg. 45 ifo st, virgia. 5 1 here in washington. your planner today, t breezeiest part of the day i think will be between now and lunchtime. e winds will turn more to the southeast later in the day today. that should help aid in a warmup. afternoon highs today around 68 degrees. sun's down at 7:14. fortomorrow, we're likely to be dry through at least the first half,ay even the first three quarters of the day tomorrow. rain chances really go up as we getlor to sunset tomorrow. it will be mild with heights in the 70s. we'll show youad the b news about the weekend forecast coming up. >> all right. thank you. >>> d.c. police also tweeting about in crash in southeast. southern avenue between pennsylvania avenue and suitland road, all latinas shut down because -- all lanes shut down because of aehicle crash. in purcellville, 9 near shady line, a brand-new accident there. 66 and 95, looking good into town and out of town. inner loop and outer loop othe beltway, no complaints. maryland city, southbound bw