dayal news 24 hours a powered by 24 hundred journalists in more than 150 new spirit around the world.k you. markets close in 30 minutes. abigail doolittle is live in the the daypositive for after fluctuating all morning. abigail. >> well put. high.sdaq is ever so briefly turned down around 2 p.m. health more so by biotech than the other averages. ofe than 3% for the month may. overweighting technology, some of the best shares are apple, off of that, microsoft, and amazon. apple of daily 6% for the month of may. plus, warren buffett in apple .as disclosed any position taken on really seems to have helped the psychology around apple and the investing momentum there. the stock is down on the year, down in january, flat in february. up in may. we take a look at a one-year chart and we see wild swings up and down. it is not clear whether the buyers will push shares of apple to the top, 108 at 110, or if -- sellers might manage apple shares. >> for the index, it seems it is higher in may. we have any standout losers for the month? >> there is. no international shares, plums who company down

dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus around the world.ark crumpton. scarlet: let's get a recap of today's market action volume and u.s. stocks lower than average. about 60% below the 10 day average. not much movement when it comes to where the index. losing 35 points. a rally in health care shares offset by declines. joe: continuing this theme we have seen over the last several , generally pretty flat overseas. we are down earlier and we came back. alix: and commodities, started in china after that relatively weaker export import data hit all of the commodities pretty freeport the worst performer on the s&p. shares of lending club down 30% today. a laundry list of negatives. the enforcement division said to be reviewing lending club disclosures. the ceo resigning and an internal review finding abuses tied to the sale of loans and failing to disclose personal interest in an investment fund. what does all this mean? tracy alloway joins us on the phone from dubai. you have been following lending club for years now. what was your biggest take

dayal news 24 hours a powered by our 24 hundred journalists in more than 150 news bureaus around the. let's get a recap of today's market. we had a rally underway earlier today at around 1:00. then start -- docs started to slide in closed relatively neutral on the day. volume was quite light. tomorrow's jobs report. we had the initial jobless claims move higher last week. at gold --king looking at gopro, they have had a rough year. they did beat on the revenue, which clearly the market takes pre-well. for a company that has had as much trouble as it has, it might take a little more to get the stock moving higher. scarlet: news corp. has just come out with its results -- revenue slightly lighter and analysts were looking for. this is the old-school part of that is miss, the newspaper business, not the new media assets from news corp.. that was spun off into 21st century fox. adjusted earnings per share was four cents. not much of a reaction in after-hours trading. alix: looking at should near energy, that company reporting a loss -- estimates were for $.42 a share. loss forlike a seve

dayal news 20 for hours a powered by our 2400 journalists. thanks a lot. we have much more coming up on bloomberg targets, the european close. we are looking at the bloomberg dollar index. this is a five-day winning run it. it has come to an end. it is falling today. what a run it's been. it has risen by 1.5 percent. mark: i am mark barton. you've got some, we've got rain. lucky you. betty: i am betty liu. this is the european it's time for the bloomberg business flash u.s.job openings in the have risen for the second highest level on record. the number of jobs waiting to be filled rose to almost 5.8 million in march. demand for workers has remained steady. lockheedhas told martin to fix quality control measures in ships. delivery ofayed the a ship. secretary has reduced the rope ships that will be built from 40. a springtime come back has not come back. salesn -- same-store fell. comparable sales were down 10%. gap is the largest apparel retailer in the united states. that is your bloomberg business flash for this hour. mark: is slow global growth the new

dayal news 24 hours a howard by our 2400 journalists in more than 150 news bureaus around the world. betty: today's stock games come after the biggest one day rally still recovering nicely from winter lows and goldman sachs says now may be the time to take a break, sell, and go away. in alex young, investment strategist from oppenheimer funds with $216 billion under management. the sell inribe to may and go away theory? don't.we if you try to time the market along those lines, we find that you do better over the long run. years, it is more compelling than others and given the big rebound we have had understandary, i can people wanting to lighten up, but the very caution we are seeing among investors, the net sellers of stocks across funds in january and february went back into equities and in april, they took almost as much out as they did in april. the american association of investors do a survey and normally neutral runs about 30% and right now, 15% are neutral. people are not panicking come a but they do not have conviction that it can continue. of investor caution is usually ass

dayal news 24 hours a powered by our 2400 journalists in more than 150 news euros around the world. - bureaus around the world. today, basically read across the board. the s&p down and nasdaq little worse. not very impressive in emerging markets. after the bell, late in the day, we got news out of turkey with ongoing political strife there. a red day all around. oliver: the nasdaq down and the russell small cap down even more. though oilm oil even pulled higher, energy stocks never quite rebounded. and the winners were utilities and staples, the safety areas. alix: it was a crazy earnings day today after the bell. you have tesla reaffirming its delivery forecast and accelerating its assembly out but, pulling ahead by two years its plan to produce 500,000 cars a year. you have kraft to beating estimates on the revenue side as well as the earnings side. full foods topping estimates with that stock higher, held by cost cutting measures. trip advisor missing on estimates and second-quarter it -- prettyfit ugly fat stock, but on the whole, positive earnings with tesla and whole foods highe

dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus around the world,ggs. shery: still ahead, it was a busy may as corporations around the world went on a bond vendor. we are taking a closer look at corporate credit activity next. ♪ shery: a gorgeous view of the big apple as we had to the memorial day weekend. live from london and new york, i ahn.r shery mark: this is the european close on bloomberg television. coming up on bloomberg business flash to that, let's have a look at some of the big business stories in the news right now. the world biggest private equity property investor plans to sell several hotels in europe for more than a billion dollars. according to people with knowledge of the matter, the blackstone group of hotels are in london, dublin, amsterdam, and operates under coat and doubletree brain nd. royal philips raised $859 million in an ipo. to list theided company in amsterdam after failing to sell it privately. tech companies have an insatiable demand for bandwidth. two of the largest are teaming up on a big intercontinental project.

dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus around the world. are talking about retail sales in the month of april. that is the biggest gain in a year and wholesale prices rising. the consumer price index gaining point two of 1%. will data influence the fed is a gets ready for its june meeting? here to talk about that is jim o'sullivan. nice to have you here. the data points, retail sales forecast. economist what does that tell you? jim: that helps the case for gdp growth bouncing back after the pace in q1. it is consistent with total real consumer spending. for consumerter 2% spending. this is not the only report that matters but it certainly does influence the fed and kill a deadly numbers matter. >> you have the elections also and you think about when they will have a press conference and not. for is likely the scenario fed moves this year? think that is reasonable. i changed it to 2 after the and ultimately if unemployment is falling and we are getting some drifting up, exactly when, it is up for debate. i would not rule out june. we need th

dayal news 24 hours a powered by our journalists around the world.now joined by paul allen in sydney with a look at the markets. good morning, paul. paul: it is looking like a pretty good day across the region after u.s. equities as well.gher, and oil, new zealand, currently the only market up and running, already up 0.5%. we are expecting gains locally nikkei.sx 200 and the is expecting a profit for the year of just under 8 billion, much worse than expected. westpac banking shares will be interesting to watch in australia after the regulator released more details of its probe into the bank, accusing it of attempting to fix the bank bill swap rate. this is australia's equivalent of libor. denies the allegations. also out today, the reserve bank of australia minutes for the previous meeting. we will be looking for some more clues as to where we might be going in the future. i am paul allen for bloomberg tv in sydney, australia. ♪ amazon is upping the ante, planning to roll out privately-labeled goods across our range of categories, like perishable foo

dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus around the world.: it is a struggle playing out in front page headlines -- google and microsoft hiring more women. ellen pao is launching a new initiative called project include that aims to tackle the problem of diversity in technology. bias is not gender just a problem for silicon valley. employing women in so-called stem careers will be a necessity. telle whitney aims to help that happen. welcome. telle: it is great to be here. scarlet: you joined the anita borg institute and in 14 years, a lot has changed. what hasn't changed? it is really important to have women at the table. the work we do is to bring more notice to this and what has emphasis and the fact that we are talking about this more than in the past. scarlet: what has stayed the same? telle: the numbers are about the same. we have the top companies in technology and the numbers have stayed pretty flat in the last five years. alix: why is that? my daughter is 19 months old. i have to assume it starts to build a -- an excitement and interes

dayal news 24 hours a powered by our 2400 journalists in more then 150 news bureaus around the world.let: thank you. we got disappointing data out of china and forget about it. it has no impact when it comes to u.s. equities. up by better than 1% as oil prices climb. alix: let's go to abigail doolittle looking at some tech users on the day. >> we have the nasdaq in full rally mode. shares of the chinese internet stock up sharply. the entire sector of the chinese internet stocks trading higher. we will dig into that. , yahoo!nternet stock on theare up sharply news that warren buffett is said to be backing a group of investors who will be hitting on yahoo!. this group includes the quicken loans founder, dan gilbert. it is perhaps a new thing for berkshire hathaway, moving toward technology after sitting on the sidelines of two internet once. perhaps we are seeing a nascent trend in positions. >> this is pretty bullish. what does it look like now? >> it is still very bullish. of yahoo! is up more than 10% on the year. it did recently -- the big day moving average moves up, signaling lots

dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus you.d the world,ncine: unicredit ceo federico ghizzoni will step down after leaving the company -- leaving the company for six years. tice.g us is jonathan this is not really him stepping down. this is him and pushed down because he lost the investor confidence and he is not growing the bank. jonathan: ultimately this comes down to capital and the lack of execution of strategy. , they areency ratio the key solvency ratio, -- the fact that they have things that strategically do not look as attractive as they did years ago, put that together and i think the straw to break the camels back was very much when the board looked tohe underwrite the popularity. francine: this goes back to government pressure, which he has bowed down to. they have been pressuring a lot of the ceos. if you look at number two, in yellow isnicredit, in the bank of sao paulo -- sanpaolo. unicredit is the only italian systemic bank. jonathan: unicredit has a lot more interest. intesa is also very important. they had a better capital

dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus around the world.mptive republican presidential nominee, donald trump, is taking on everyone, especially mexico. that president has a lot to say about his rhetoric. sat down with them to send a fox and he shared his concern at trump's portrayal of mexicans. we have been offended by his language, but we are mostly worried about his thinking. his thinking in relations to trading and to the economy and how it works, his thinking about and imposing duty to import. this is something that happened in the united states 100 years ago. president hoover proposed the same policies, to tax people and limit the efforts of corporations to invest abroad to keep themselves competitive. the end result was depression. the depression of 1929 was the result of those policies. it is rhetoric for now and it is all hypothetical. is it government paying too much attention to that and not enough to issues going on in its own backyard? : in mexico, we think it is substance, so we better watch out and worry. that is why i have b

dayal news 24 hours a powered by our 2400 journalists in more than 150 newsrooms around the world. francine: thank you so much. we are getting breaking news. tom keene, king philippe day of spain has called for new elections from june 26. we did have elections three months ago. it is incredible when you look at what is happening, the political landscape in spain. they were not able to form a government. it does not bode well. a lot of people are concerned that it is the more extreme parties that will go in. again, june 20 6, 3 days after when we referendum is have referendums in spain -- june 26. tom: i'm going to make a new screen. futures -12 shows a linkage, the independence of currencies. the yield comes in a solid five basis points. the euro i'll talk a lot about today. it is the unspoken 1.1592. three standard deviations is a 1.1625. euro i s on a tar this morning. -- -- on a tear. dollar index is shocking with 91 earlier. the yen we know 105.73. there's euro-dollar. one more time. what do you have? francine: i wanted to show you some of the banks because we had disappointing

dayal news, 24 hours per powered by our 2400 journalists and 150 news bureaus around the world.isa: thank you. up next, signs revealing that growth is improving. we'll preview all of the economic data on deck today. john: the south money exit is with berkshire hathaway taken in a $1 billion asset. david einhorn and warren buffett see value. lisa: several key pieces of u.s. economic data out this morning. athave industrial production 9:15. citigroup global markets economist is still with us. bloomberg intelligence chief u.s. economist is here. karl:re you watching for? it is important to see if there will be any support in consumer led growth. of a mildet evidence contribution. what is most interesting to me that the cpi at the industrial production data out. so, as long as we are glowing close to the trend come inflation numbers will eventually cooperate. industrial production -- there is a big? . we have seen some signs of life in a lot of these reduction surveys. q1 and early in the current order. as i said yesterday, things seemed to have rolled over. we have not seen much jo

dayal news 24 hours a powered by news bureaus around the world, i matt miller.egan: coming up, a drop in trading is weighing on goldman sachs, pushing the firm to make further job cuts. we discussed next. ♪ matt: here's your bloomberg business flash. largest right hailing services taking another big step in its battle with cooper for the world's largest market. is close to raising about $2 billion in its latest round of funding. the company is seeking a valuation of $25 billion, making it the fourth most valuable start up in the world. a german chemical maker is closer to buying materials and added it to unit from air products and chemicals. the deal will be valued at $3.5 billion. the ceo ensured investors that the company would not overpay. a trial made for hollywood. it begins today in los angeles. 92-year-old whether media mogul sumner redstone was mentally competent when he threw his ex-girlfriend out of his home and remove her from overseeing his medical care. whoverdict could decide ends up can strong his stake in cbs and viacom. that is your bloomberg bu

dayal news 24 hours a powered by journalists in more than 150 news bureaus around the world, i am vonnienn. jonathan: call it federal confusion. we get a soft data point and a miss on payroll on friday. 200,000 and bank of america and goldman sachs throw in the towel on the june rate hike. muddying the waters is bill gross of janus capital. take a listen to what he had to say. >> i think they should raise rates in order to give savers tha a break at the bank and the money markets. at the same time, the fed probably has to support the arket -- that is the long bond market. this has to be a slow and delicate process if they are going to raise rates and there cannot be a lot of volatility . i think qe has to come back at some point only to provide funds for fiscal spending. jonathan: joining us to weigh in on this is tom keene straight off the radio. tom: you nailed it with the goldman sachs call right after they throw in the towel and say we do not know where we are. confusion is the right word. it is baffling the polarity of what we saw with the dynamics of nonfarm payrolls versus good ho