thank you so much, joe weisenthal, cohost of "what'd you miss?"s coming up next and tune into his conversation with jeff korea: sex one o -- with jeff currie of goldman sachs. much more ahead on "bloomberg markets." the close of trade is moments away. all the energy sectors are in the green with materials and industrials, the top performers. ♪ betty: this is "bloomberg markets." i am betty liu. 10 minutes closing of the session hybrid julie hyman has more in your markets check. julie: we have stocks closing of the highs, it looks like, and if you are a bull, that would be encouraging to you, one would think. the dow in particular of nearly 217 points. we have seen the rally just build and build and build throughout the day. the s&p 500 has continued to come if highs steadily you look at the intraday chart. that has been happening through the course of the day. pretty gradual but straight line upwards here. not seeing any hiccups, really, in the rally throughout the day. the rally we have seen through the past three days for the s&p 500 has sparked

our "what'dg us now cohost joe weisenthal. joe: i'm really excited about this. we've been talking about how workers have been losing out in this economy. more of a share is going to profits than the worker. we see that changing. when you look at broader composition -- compensation, they have been trending up lately. there a long-term decline on this. before -- thes, data did not materialize, because we possibly see a sustained shift so workers get a greater and greater share of the national income? it's a huge question, especially for investors worried about the margins. scarlet: a lot of people look at inflation as well. alix: inflation -- corporate profits are already rolling over. that will not make you happy if you are a cfo. watch at 4 sure to p.m., as we will talk about the resurgence of labor bargaining. 4 p.m. eastern time on bloomberg television. -- a reprievep for brazilian president dilma rousseff. ♪ >> 2 p.m. in new york , 7:00 a.m. hong kong. welcome to "bloomberg markets." ♪ ♪ david: from bloomberg's world headquarters in new york, here is what we'

that one is not mirrored by the other high yield etf's/ alix: joining us now is our cohost joe weisenthalis relatively constructive take on the high-yield in credit market when that has not been the feeling in the last week. joe: we have seen more concerns this past week but it's interesting this idea that we have had this long credit expansion. even if we had a clear pick up since the beginning of the year one is that -- what was that credit ice age, you have to wonder how long this will last. it was a brief ice age. just a regular winter. we will talk about retail and the horrible week that it was for retail. this is the amount of stuff that is left in retailers back rooms because they cannot get rid of it. inventory to sales ratio for clothing -- you can get something mark down by 80% at this point. alix: it's a good sign for macy's but a bad sign for tj maxx. joe: should i be taking advantage of this? it shows the pain and how much retailers will have to apply to move inventory. scarlet: that means it will be another bad quarter once we get those results. joe: not much light at the en

joining us to talk about the numbers is joe weisenthal, "what'dof -- cohost of you miss." have been troubles when it comes to the department stores. reporter: about this did a good job of clearing up what this is really about. is this a secular shift? the department store is not a thriving business model. with all the sales of -- sales and liquidations, maybe i should shop at them a little more. but people go to specialty shops and by home goods, but a lot of what people buy a department stores they buy online or at cheaper places. we bring back that charge, because you guys did a battle of charts earlier. reporter: i think it is the crucial charge today, non-store retailers, amazon and whatnot, up over 10%. department store year-over-year sales down 1.7 percent. not that confusing about what is going on, and that chart shows it. carol: you are kind of looking into some of the brick-and-mortar versus who is doing well and who is not. isorter: one area that really strong under retail sales is restaurants and drinking establishments, which you can't do online, obviously. you