betty: julie hyman is in the newsroom with the headlines. julie: a lot of the decline had to do with aircraft orders and transportation. if you back that out you get an unchanged reading. 1% which orders fell was from a .5% drop. x air capital goods orders, the ucla see a decline of 3/10 of 1% . it looks like this has to do with transportation. in terms of reaction that we might be seeing in stocks, you're not seeing much. maybe a leg down from where we were just before these numbers came out. thank you. betty: let's look at what else is making news. auto sales were better than expected. gm had a 3% rise. analysts forecasted growth would be flat. fiat chrysler had its best mate beatingcade, up 4%, estimates. sales of the chrysler 200 scythian sword. ford fell last month. lincoln was up almost 4%. greece plus creditors have --ched an agreement to un to unlock bailout. hans nichols is in london with more. hans: we have had a whirlwind morning. there weree heard five liters. mario draghi, lagarde, merkel, hollande, they worked late into the nig

thank you julie hyman. a look at the top stories making headlines at this hour. a free ad supported tear to the streaming music service. hoping to capture the millions of people who click on the app every month. and then go elsewhere when they are asked to pay. google pay streaming music service costs $10 per month. has died.atten he appeared on broadway as a child, starred in tv in his infancy and in middle age found lasting name as the father on enough." he died in california at the age of 86 years old. donald featherstone invented the the pink lawn flamingo. he was a sculptor with a classical art background. he created the flaming goat 1957 for plastic company modeling after birdies on national geographic. millions have been sold. that is a look at the top stories at this hour. lack very posting a wider than .t orderly lost handheld shipments to the lowest since 2007 this comes despite releasing the classic phone. i'm joined by emily chang in the san francisco -- in san francisco. you spoke to the ceo earlier today. what did he say about the strategy? it is go

alix: julie hyman, thank you for the latebreaking market action there.s there one sector that has not had as much m&a that will in the future? you have seen the tender offers in the financial sector be lower than average due to government regulation. ultimately that could help -- that could change. i think that is likely probably is reasons. in health care, in consumer. we track the offers in the cohorts in the market. i think it will continue unless the rates back up. they will maturely backup. it is a positive at this point in the market given how much these stocks are doing the acquiring are going up. alix: that's a good point. are you worried that that is why companies are spending the money? they can't find organic growth, they have to go buy it? adam: no, they have done share purchases that have outperformed. the markets are telling us companies, hey, the benefits for accretion are probably not as good as my fears about your long-term growth rate. so, they look around and say, how can we grow? so they are going to look to see if it is m&a. i do not

mark: julie hyman, thank you so much.uerto rico may be headed toward a debt spiral according to the governor. the island is unable to make immense on the $72 billion debt. the puerto rican legislature is meeting now to vote on a budget. betty: puerto rico's economy has been in trouble for years. now the u.s. territory is dangerously close to default. here to outline what is ahead is lark keller, following that story. onjust got a headline out the bloomberg terminal saying they will keep paying their debt. different froms what it sounded like the governor have been talking about. i think investors are looking to see what he can clarify when he speaks at 5:00 today. mark: is the governor giving investors advice? >> they have been carrying on conversations for a long time. i am assuming there are creditors saying we need clarity. otherwise, how can they make an investment based on these changes without knowing more information. betty: whose money is at stake? >> euros, mine, everybody we know. these are investors in mutual f

i had to julie hyman in the newsroom.ie: we had a lot of headlines on this, but this one seems to be significant. germany is said to be considering for one greek reform upfront. a staggered plan here. according to our story, chancellor angela merkel's government may be satisfied with greece committing to at least one economic reform instead of the whole package to then open the door to bailout funds. that is according to two people familiar with germany's position. the germans are still insisting on a full or package that could include things like higher taxes, state asset sales, retirement benefits, but they might settle for one of these measures in the front end of negotiations in order to unlock aid and then perhaps a staggered plan for the rest. this could potentially be a breakthrough in the negotiations. as you can see on the chart behind me, we're looking at the s&p 500 today. we are seeing at spike up and european stocks rise to the highs in the session as these headlines come out as well. really across the board,

scarlet: we're going to cross over to julie hyman at the news desk. apple music confirming what we have been talking about all day, its new subscription plan. it will start at $9.99 per month . this will be available after will be offered a free membership. the radio broadcast live. it matches spotify's previous spotify's premium subscription and compares with pandora, which has no ads and creates radio stations or you the artist you put in. that is $4.99 per month. the cofounder of beats has been conducting this presentation. it looks like it may be wrapping up at this point, but we have the fully fleshed out details now what exactly apple music will be. in terms of how much music, it looks like it will be 30 million songs available on the service. of we will see how they do versus others -- we will see how they do versus others in the field. scarlet: coming up, jeb bush heads to europe. we will talk about what is behind all of this international travel. ♪ this >> the apple developer conference is underway with tim cook just unveiling the highly anti

here is senior markets correspondent julie hyman. yes, the losses a year ago were more than 400 million dollars. sears is up 20% year to date, and that is on its plan to spin out many of its properties into a real estate investment trust and have the operating company leaseback those stores. shares have been up over the longer term. however they are trading lower today, at a one-month low. even though the losses did shrink, retail operations are still struggling to save the least. overall sales were down 11%, 7% -- 14.5%and 14 point at sears. and this has been the case for years, those sales waning and that is changing the structure -- and that is something changing the structure of the company does not seem to be fixing. julie hyman, thanks. boeing is considering building the largest ever jetliner. a boeing executive tells bloomberg that airlines want a plane that is larger and flies farther than the current narrowbody. meanwhile airline profits around the world are poised to set a record this year. up $29 billion. north american ai

julie hyman is standing by. julie: the week is starting off with a bank.nal incomes are rising even as spending remains stagnant. it looks like people are saving more take-home pay. manufacturing coming in better than estimated. and the reason is largely a positive one. we are seeing stocks rise to the high of the session. if you look at the dollar versus a basket of currency, the index is up half of 1%. it took a decidedly up word movement as we got that -- got thatvement as we information manufacturing. if you look at my bloomberg terminal, we have a index of the top 14 currency funds. yes, it has been a pretty good run until the last two months. we paired back monthly declines. that is the first time that has happened in more than a years time. down 1.1%. beenis because it has difficult for the traders to read the tea leaves. take a look at what we are seeing in the 10 year today. we are seeing yields on the rise. at 2.81%. not a huge move, but again a more decided move. to all of this and speaking of the unpredictability banks, we had a fed vice chair,

mark: julie hyman, thank you so much.ore bloomberg market day in just a moment. ♪ mark: welcome back to the bloomberg market day. matt: the streaming music wars just got hotter. apple music launches today. it will be free for the first three months and then cost $10 per month for individuals, $15 for families. new: shazam is unveiling a connectivity feature. what's it going to take to grab the europe listeners -- year of listeners? thank you for your patience. are people going to pay that money? >> i think they will. the ability to have all the music you want for a fixed monthly fee is increasingly popular for people to consume music. i think apple will deliver a great service. matt: you think you are competing with them on this? i've been using shazam for years. i automatically go to itunes to purchase because you have a direct link. do you work together or will you eventually can be? >> apple is one of our largest partners. we have integrated apple music in two shazam -- into shazam. we will let users by or stream or li

betty: thank you so much, julie hyman. at the top stories, mater hastor's alma dropped his name and accepted his resignation from its board of advisor. he graduated from the small christian liberal arts school outside of chicago in 1964 and last week he was indicted accused of lying to the fbi and making withdrawals to conceal past behavior. microsoft will come out with the latest version of the windows operating system. windows 10 will be released in time for back-to-school season and will be available for pcs and tablets as a free upgrade for people with windows 7 and 8.1. a bay area real estate broker is now a billionaire. someirm currently has 2800 commercial properties for sale. million,hem below $10 which make up the bloke of real estate sales. the firm has more listings than any of its competitors and closed 7600 deals worth $33 billion. those sales are adding up in a big way. he has a fortune worth 1.9 billion dollars and that is a look at the top stories this hour. another piece we want to flag for you was written

let's go right over to julie hyman.ie: the dow and the s&p have both seen rallies, it is the best since march. so a rally across the board on this perception that the feds signaled yesterday that the interest rate is going to be gradual. we have a longer-term chart of the nasdaq as well. and this goes all the way back to 2000 when we saw a prior record for the nasdaq. at my bloomberg terminal, i have a chart of the three major averages adjusted for percentage. this is the best since the market bottom in march of 2009. so in percentage terms, the nasdaq has had to climb the most. up a0% and the s&p is little bit over 200%, the dow is so those are5%, the percentage increases that each has seen. 175%, so those are the percentage increases that will each has seen. harley davidson is having is best single day in an eight , the company yesterday said it was expanding its buyback authorization by 15 million shares. this added to an authorization from february of last year for 20 million shares, but it has only used about 16 mi

pimm: thanks very much, julie hyman.lis to go look at some of the top stories crossing our terminal right now. president obama's trade agreement is getting its second chance at a house that lawmakers are expected to vote on the proposal. the measure is attached to an unrelated bill. democrats blocked the trade legislation last week. company isbuffett's increasing its insurers to 2.5%. this comes after the catch maker's merger with kraft foods. investors could put stake in heinz for just one sense to share -- one cent a share. burger that added supersize to the american vocabulary is slimming down. a decade,st time in mcdonald's plans to close more restaurants in the united states that it plans to open this year. scarlet: it has been almost three months since ellen pao lost her suit against kleiner perkins. pimm: in the firm's first interview since the trial, emily chang spoke with john doerr in an exclusive interview. emily joins us now. emily, tell us about this conversation. hey, pimm and scarlet, very interesting to h

julie hyman, thank you very much.lix: there is yet another contender in the crowded republican race -- donald trump. he announced his campaign this morning under the title "make america great again. here are a few tweets on his fellow running mates -- do we really need another bush in the white house? we've had enough of them. marco rubio is a complete disaster. iraq,interview concerning he says he was as foolish as jeb. scarlet: mark halperin joins us now. trump is brash as he is known to be and was rash during his announcement. what is your report card on how he did? mark: i gave him a e minus across the board. it's hard to grade the nonstandard people, but he has great strengths this famous are rich, confident, speaks in a way that attracts a lot of people -- and he has weaknesses -- rash, and his thinking and displays both the good and the bad at his announcement. was quite something. in trump tower, on 5th avenue, the building he owns and where he lives and works. it's the first time i have seen an escalator arri

julie hyman has been following and has details.: he is giving a speech, not just speaking to the greek people. one of the more interesting assertions he's making is greeks will survive even without a bailout program. greeks will not abandon democracy because the bailout program ends. he says greece will implement the decision at the ballot, of course the referendum about whether the greeks are going to accept conditions proposed by creditors. he says the greek government was given an ultimatum and banks were closed because the lending program was not extended. says creditors don't want a greek referendum. they don't want the people making this decision. pieces creditors are giving greece a deal that is not a solution -- he says creditors are giving greece a deal that is not a solution and the greek government did everything it could do. -- it seems to be a gamble he is making send this to the people of greece to decide whether they will accept the conditions of the creditors. we have had another development in a near crisis situati

julie hyman. mark: coming up on "bloomberg market day" we will look at the latest sports -- sports scandal with the st. louis cardinals under investigation for allegedly hacking the internal computer networks up a rival team. issued thisntire week is dedicated to coding. we will like how one of the man behind one of the largest operating systems wrote his first line of code. "bloomberg market day" will be right back. ♪ betty: welcome back to "bloomberg market day." five betty liu here with mark crumpton. mark: the union claims walmart assets in offshore tax payments. the commercial -- the commercial workers international union says 97% of walmart overseas assets are by subsidiaries in the netherlands were tax rate is less than 1%. betty: walmart tells bloomberg that the design is designed to fccead and they comply with and irs rules. joining us now is reporter jesse drucker who wrote this story. jesse, sort this out for us. walmart is saying that this is a misleading report but is it really? well,

julie hyman as you can -- is here.hree let us look at the big performers in the s&p 500 and let us start with h&r block. the largest tax preparer and the united states says that revenue rose for the third straight fiscal year, up i 1.8%. this even as tax filings were down 1%. the company says its customers were hit harder to the informal care act. the implementation related to had customers affected. 16% of the customers affected by that health care law. shares of the by 5% today. let us look at joy global. the stock has not done well as of late. the world's largest maker of underground mining equipment rising today after insider buying. the ceo and chief financial officer both making purchases revealed and filings. you can see the shares up 3%. i saw a on the bloomberg terminal that maps out insider buying and selling. you can see the stock pricing over at joy global. insider selling and the green tags are insider buying. the last time the ceo bought was actually in december. we saw the stock go up at little after tha

julie hyman is with me now. again a mixed picture. telling us a half hour ago the s&p had turned lower. julie: stocks coming off of their highs of the session. any bigot seeing catalysts, but it is the russell rebalancing today. they are rebalancing the indices, so that provides an uptick in volume, especially at the close. right now s&p very little changed. the s&p, atinside the sectors, and you get a feeling of this push and pull. , consumer discretionary, financials on the rise. tech and materials and health care declining. sort of counterbalancing the moves we are seeing. another chart, to show you today has to do with how companies are spending their cash. this is coming to us from david wilson. this is his chart from today. this shows by backs and dividends as a percentage of operating profits. this is from data compelled -- dow jonesy s&p and indices. this black line is above 100. companies are paying out more in dividends and by backs to shareholders that they are earning in operating profits because of this push we have seen

julie hyman in the newsroom. let's look at how stocks are .erforming the dow jones industrial average is another story, mainly because of the move higher for shares of nike. the dow jones industrial average after nike comes out with sales and profits that exceed analyst estimates. let's move on to oil and gold, commodities. oil prices down a little bit, $59 will buy you that barrel of nymex crude. gold futures are up $.70 an ounce. markets? --, bond what do we want, bond markets? betty: how treasuries are doing. yields picking up slightly there. how dramatically have we changed here in the last month? over in the currency markets, the euro has been getting hit by all of these headlines coming out of greece. as you heard from julie, the agreement has been rejected and that cannot be good news right now for the european currency. pimm: we will watch what happens with the euro against the dollar. let's look at the top stories crossing the bloomberg terminal at this hour. it was an historic morning at the supreme cou

pimm: let's go to julie hyman in the newsroom. she is looking at spots that are affected by the supreme court decision. seeing rallies in shares of hospital stock because analysts say that their revenue was most at risk if this decision went the other way. if the tax subsidies were eliminated. highlighted as being particularly horrible. it might have been cut by as much as 5% if the subsidies went away. tenant and community health systems were also perceived as being at risk. i just spoke with jason mick gorman and bloomberg intelligence, and he says every aca some of these hospitals were riding off of 30% or more of the revenue because they have to treat everyone, if they have insurance or not, and they were not getting paid for that treatment. there was a risk they would have to go back to those days. much, julie you so hyman on the reaction coming in from health care insurers, including anthem who said, we are pleased that there is coverage for individuals across the country. pimm: for more, we are joined by an analyst with mor

betty: thank you, julie hyman.a's trade pushes back on track after several near-death moments. that is thanks in large part to republican scraps do by him. the senate is expected to grant the president fast-track trading of shading authority this afternoon. the final passage will require only 51 votes. with congressional support, the trade negotiating som powers would extend into many years. joining me now is phil mattingly and so is mark crumpton. phil, we thought this was all but dead about a week ago. what has happened here? phil: the padding what headlines whatead, testifying on headlines you read, the president was a lame-duck and had no power. what a difference a few days connected the key point is that when the president and the two leaders controlling the chambers in the house and the senate want something to get done, there's a decent chance that went to figure out a way to do it that involves a lot of procedural machinations here and getting commitments from senate democrats to go along with this. the big

thank you very much, julie hyman. now to look at this hour.not take long, but the folks at ben & jerry's quickly moved to celebrate the supreme court decision legalizing gay marriage. chocolate chip dough, ie cream "i dough." those gals look pretty happy on the cover. will bee of mouse .anning selfie sticks they will also be banned a disney parks in paris in hong kong and yes, disney will be checking bags. and heads up, and harry potter nerds. author jk rowling says a new play will open at london's palace theater about a year from now. it will include an untold part story.y's i am really excited about this. i will have to fly to london to see it. i did everything harry potter. into ais heading decisive round of talks with finance ministers while the greek people have been protesting austerity measures. the country has little wiggle room to extract concessions from creditors for a last-ditch package to free up a. -- aid. joining me from athens, bloomberg news's tom mackenzie. thank you for joining us at this late hour for you. what is it like o

julie hyman.he shanghai index was the best performing earlier this year, now it is in a bear market. was senthai composite lower for a third consecutive trading session. the index down his more than 20% since its june 12 high. it previously gained as much as 152% since the third quarter of 2015. with scarlet fu and stephanie ruhle and explains what he thinks cause be reduced interest rate in china. guest: i think there were reduced interest rates, certainly there was the idea of supporting the market behind it, but i do not think that was the primary motive. beenhinese economy has slowing consistently for several years now and this is the chinese authority trying to spur growth. stephanie: how do you point to the chinese stock market having such a bull run? how do you explain it? guest: there as been a certain amount of government support behind that bull run. the government wants an index -- what's an exit for state owned enterprises. .nd a market gives them that exit. it gives them the ability t

let's take you back to julie hyman looking at early session movers. talking a lot about the deal in the chip industry today. there is another one that may be happening. it is the subject of a triangle. integrated silicon solution's is the subject of interest from two different buyers. cyprus raised its bid to more than $20 a share. it says it will be in discussions with cypress. there is another company attempting to buy it so the socket is continuing. this was upgraded to outperform from neutral. analysts are looking at increased optimism for a recovery in las vegas and stability in atlantic city. juniper is going in the opposite directoion. those were downgraded to sell. maintaining the $22 price target. it says that and a potential acquisition ignore the multistep network that includes fewer routing nodes and fewer opportunities for juniper's business. erik: we have been talking about intel and altera. we are going back to that to point out that even though intel has put $54 in cash on the table -- altera stock is trading at a discount to that pric

let's go to julie hyman for some breaking news from the newsroom.ulie: we were just talking about tesla and as i was speaking, tesla spokesperson says the model three does remain on schedule and the company plans to show the vehicle in 2016. we were talking about an industry report that said it was not running on schedule and as we were talking about the shares, they are down about .6%. the u.s. air force is going to buy more f 35 joint strike fighters after the senate passed a new appropriations bill last week. included in that packages the law key martin state of the s -- whichof the art simulator simulates the feeling of flying these aircraft. cory johnson traveled to the the five billion dollars simulation industry to take a test flight. cory: before the troops are deployed, the latest technology is deployed to simulate the site and sounds of combat, blurring the lines between combat and the real thing. all this tech emanates from orlando, florida. >> there is in a single soldier, sailor or marine who hasn't deployed to afghanistan or iraq that

welcome back to inx: let's go to julie hyman the final hour of the first half.carlet: that is very dramatic. really appreciate the enthusiasm. let's take a look at how stocks are doing in this final hour of trading. they are holding up ok. the s&p right now 4/10 of 1%. the nasdaq up about two thirds of 1%. sort of a flurry of headlines on different topics. they stocks have come back down, potentiala improvement in the economy. steel keeping fed rates gradual. really, on anye, kind of change. all of that equaling some muted gains for the averages. i want to check on the so-called crisis trio. thatis the greek etf fell yesterday. it has rebounded by 6% today. sxi is rebounding by 2.2% after falling yesterday. here is one that is not rebounding, the bond insurer that fell yesterday. 23% on concerns about its in thee to puerto rico event there is a failure. we are seeing it down much less than it was earlier today. saidafter a lot of analyst the drop yesterday was overdone. i want to look again at peabody energy. yesterdayrallied about 9%. that saidhat ruling the ep

julie hyman, senior markets correspondent. a look at the top stories. recalling the beats uphill speakers after customers that they overheated. eight problems with the battery. one person's finger was burned. apple says customers can apply for $325 refund. receive also elect to credit for the same amount of money. a day after announcing his decision to resign, seth blatter back at work at fifa headquarters. meanwhile, intercooler has added six men to ties -- with ties to fifa to the most wanted list. it will be a first for the nfl and yahoo!. the league has signed on with yahoo!, the first free global stream of alive pro football game. yahoo! was strained the game between jacksonville in buffalo october 25 in london. because of the location the game :30 a.m. eastern0 time. that is a look at the top stories of this hour. mark: a political environment drowning in cash. what if you do not trust the groups themselves? how about starting your own super pac? that is what john winery ceo of jordin did. phil mattingly has that story from california. >> this doe

julie hyman, a wealth of information.ow a look at the top stories crossing the bloomberg terminal at this hour. another sign inflation may take some time to reach that target -- the cost of living excluding food and fuel rose by .1%, the smallest gain this year. overall, the consumer price index rose by .4% thanks to higher fuel costs. filedile, fewer americans for unemployment benefits, indicating employers are optimistic demand will pick up and they are holding onto workers. warren buffett is increasing his .take in h.j. heinz the move comes ahead of its plan merger with kraft foods group. he was able to add a five 14% stake for one cent a share under terms of the 2013 deal when berkshire took the food company private. the burger king that put supersize into american slang is downsizing. mcdonald's is downsizing, saying the number of u.s. restaurants it has is actually shrinking. mcdonald's says it plans to close more restaurants in the u.s. that it opens this year and that has not happened since 1970. this is accorded

olivia: thanks, julie hyman. we look at some of the stories crossing the bloomberg terminal this morning. oil prices shot up briefly after the government's report on crude inventory 45 minutes ago. julie also broke those for us. and stockpiles rose for the fifth straight week -- i'm sorry, stockpiles fell for the fifth straight week. that is the longest decline since last july. thel oil inventories remain lowest we've seen in 80 years. those designed to make the industry safer have also made markets last quick -- less liquid. it is the biggest donation harvard has ever gotten. john paulson has given harvard's engineering school $400 million. in return, harvard will name the school after him. i hope so. paulson didn't get an engineering degree at harvard, but went to the business school there. those are the top stories this morning. pimm: uber is celebrating its fifth birthday and it's unlikely it will slow down anytime soon. in 300 cities in 68 countries and have evaluation of $50 billion. plouffewe asked david a

data is outeres julie hyman is in the newsroom with the headlines.ulie: we are seeing an increase in the new home sales, the highest levels since february 2008. indeed a milestone similar to what we saw for existing home sales yesterday, the highest level in seven years. to 2.2%, 546,000 eat all of the forecast in our survey of economists spirit i it is thephasize biggest advance as well since february of 2008. februaryaw a reading through april higher. all of these point to good science for housing. also, the fact that mortgage rates have been picking up. on a 30ee them reach year mortgage rate, we saw them reach 4% over the past several weeks, the first time we have seen that in about eight months. we have been seeing that and you tend to see an increase in home sales as well as people try to increase inan rates. it could potentially be a factor here. you know all the other factors we have seen, an increase in wages, all of that in theory would be supportive of these stronger home sales. betty: thank you so much, julie. stocks rightook at now. big

it seems that julie hyman is at the breaking news desk. ruled thatcourt has chris christie does not have to fund a $1.7 billion pension budget gap. this does not mean that the issue is resolved. it means it is pushed back to some extent. this poses a political challenge for christie. he is a potential presidential candidate as is everyone nearly. this ruling does avert immediate cash crunch. there is a pension hold on schools and tax relief and municipal aid. he has vowed not to raise taxes. a little bit of a stay of execution or a stay of him having to deal with this issue more directly. pensionlowing unfunded liabilities to grow is almost by definition a ticking time bomb. the time bomb just keeps taking. olivia: chris christie is going to do what he wants. julie, thank you very much. shrinkingng up, balance sheets and job cuts, ise of the challenges hsbc facing. we will take you to britain for the latest in the restructuring at europe's largest bank. ♪ erik: let's take you straight to julie hyman. julie: more selling as what is happenin

erik: julie hyman. stephanie: we have got to move on. hate letters by the tough mudder enthusiasts. i kind of get that. let's picture this. blowing up riff -- with really fit people. okey-dokey. how about this here this is horrible. a fire that roque out monday night, it is still burning days later, sending thick and dark smoke into the sky. at least five people have been killed so far, including three of the firemen there to perform rescues on the scene. at least eight storage tanks are on fire and that the emergency is now under and show but residents are obvious event waited. the fire is still going and the cause is still unknown pair these current images what is today, thursday? erik: it is wednesday. stephanie: wednesday. my gosh. erik: welcome to my world, everybody. katniss is back. the teaser trailer was released for "mocking jay part 2." stephanie: there she has her jennifer lawrence. erik: here we go. ♪ erik: the official twitter account movie related poster. stephanie: i'm guessing your daughters are huge fans. erik: they are.

thank you so much, julie hyman.ow for a look at the top stories crossing the terminal at this hour -- regulators are fuming over that takeover bid from last month. etsy has filed a claim. avon shares rose 20%. a crazy story. the global oil glut. pumping moreaq oil. the iraqi oil ministry says that they will increase exports. why opec's may be former head of research is predicting $40 oil by the end of the year. have a three-amy and her study on the effect of fracking on water pollution. it has contaminated some drinking wells, but the impact is not widespread. the agency also says the controversial drilling technique could affect drinking water of safeguards are not maintained. fracking means that chemicals are shot into underground shale formations to free natural gas or oil. the industry lobby groups feeling very positive, very validated. on the flipside you have natural resources defense council coming out and saying, there was a lakh of data. the epa lacked key data to assess it safety. this sounds like it will

julie hyman is standing by. to seewe continued selling today.ked this morning after there was no progress on greek negotiations with european officials. other major averages are trading lower, and it is a pretty bottom placed the klein -- broad-based decline. can see there is no green on this screen today. and that is because it is a broad-based decline, energy health care, you -- energy, health care, they are all trading lower today. energy is the worst performing group. in one of the stocks that were falling yesterday are calling again today. yesterday we had an analyst call berkeley, and also one on chesapeake energy that went down again today. if you look at what is going on with oil prices today, we have some falling or the second day in a row. this is a today chart, down 2% in less time. there is a lot of concern on supplies, and is putting oil under pressure. mark: thank you. we have breaking news. we are going back to capitol hill. standing by with more on the vote in congress affecting the presidents trade agenda. official,is now democr

check thes just markets with julie hyman. triple digit on the dow?ulie: it is about the best in a little over a month. definitely notable. we have a couple of things going on. we have the greece-germany headlines a little while ago, perhaps signaling process on negotiations in the greek bailout. , alls are snapping back the major indices up by at least 1%. , netflixotable movers shares trading at a record after shareholders approved a stock split. we do not have exact details, we only know it was approved. but the shares are up by 5%. target to $722ce on the stock. marriott is saying it will roll tv's inlix service on some of their hotels if you already have an account or it take a look at johnson controls. largestime it was the auto parts company in the u.s., but now it is boring -- it is exploring some sort of option for its auto business. this still makes a little over half of its overall revenue. deutsche bank says a spinoff is more likely than the sale of this business. those shares are up by 5%. we also seeing a rally in the banks. we have real

in the meantime, we will check in with julie hyman.last time we spoke, stocks have fallen to the lows of the session. we will see where they are at the moment. it looks like they are continuing on that trajectory and s&p nasdaq and dow all falling as investors wait to see the potential greek exit from the euro. a derivative strategists. here it is, the event we have been waiting for, sort of. how is it playing out in the stock market? up. the big test pick in our -- the vicks has picked up. has begun. we think this is an event where you really have to respect the unknown and be more cautious, not believing it is a one-day event, but something that will play out obviously next coming days, but eventually weeks as well. julie: what about the ideology of the side, that it is contained, even if it is the that it ise idea contained, even if it is the worst scenario? jim: going back to the crash of 2008 and then again in august 2011, investors felt the worst was over. people felt after the close was it.y that that is a risk. that said, i don

stephanie: we've got a get to julie hyman. absolutely we do.ook at the stocks on the move. just moments ago we saw the bell being wrong. the u.s. army is down there today. julie hyman is here. what's moving? julie: we have seen a downtrend in recent days. today we are looking the clients out of the gate. right now there is a little change. lululemon, this is a favorite of stephanie's. the profit doubled. the ceo continues to lead a turnaround at lululemon and it is bearing fruit. we are watching the automakers once again. they are not giving up on the quest to try and consolidate within the auto industry. he has been contacting hedge franz -- hedge funds to persuade general motors to do some sort of the deal. we are seeing a fiat with little change. gm is up 6/10 of 1%. speaking of something else, airlines are in focus once again. american airlines is down 2%. it is the latest airline to come out and cut its work -- forecast for measure of revenue. it's now looking for a drop of six to 8%. it had been a drop of fort to 6%. -- four to 6%. stepha

let us go out to the newsroom where julie hyman has number three. julie: could they offer you the holy grail which is good service? opec says it is maintaining current production targets even though the targets are elevated because there is supply the demand out there. there was some speculation that opec would actually be raising the production targets and bring even more supply onto the market. also take a step back and look at the jirga three that we have seen -- trajectory that we have seen from when prices. oil had an 11 week winning streak. even with it today, that street looks to be coming to an end with oil trading lower by 3% on the week. they game today will not save it from that weekly loss. erik: number 4 -- it is goldman sachs. the bank is close to settling an investigation to sales of mortgage backed securities. the settlement would be with the justice department and could be anywhere from $2 billion to $3 billion. we forgot about these mortgage settlements. goldman sachs and morgan stanley have yet to settle. we are not talking about

let's go to julie hyman for those. julie: also known as sales of

julie hyman has more. julie co according to an official who did not want to be named, greece is set to request a bundling of its imf payments until june. the deadline is supposed to be tomorrow. in recent days in greece and other countries of the eu, ministers have been in tight negotiations over the outcome of this. apparently, this is following a government,he greek for a lump sume payment. rather than having these various deadlines, bundle them all and make it one deadline. it is not clear how that is going to make it easier of course, because greece will have to pay all the money eventually. again, this is according to an official familiar with the matter. a greek government spokesman did not respond to phone calls seeking comment. this is something that christine lagarde alluded to when she made comments. she said she welcomes the constructive meeting with the greek prime minister and european union officials. to thes have been made imf directly, and we will find out what the imf response will be to t

let's go to julie hyman for those. as sales ofknown previously owned homes.his measure rising at the fastest pace since november of 2009. it rose to an annual rate of 5.3 finally homes. this is representing every down as well. we have seen this measure fall even as pending home sales were taking up. it was a little bit of a disconnect in economic or looking for a rebound or catch up if you will. was 5.2 6 million. coming in above what economists had it the forecast has first time buyers driving this trend. this may be a sign of budding momentum in the residential real estate market. we have seen hope from the pending home sales numbers as well as the link permits. that number is also taking higher. matt: now let us get straight to the markets. olivia: what is happening? we have a rally underway. guess, a rally could be used. 18,141 on the dow jones. same on the s&p 500. nasdaq also up. these markets did not open up this high. in the last half-hour, that managed -- they have managed to climb in crime. olivia: it is not a strong rally, but maybe help that they

julie hyman joining us from the breaking news desk. thank you.g by for more developments from the apples developers conference as miscone center the center live in san francisco. we will bring you the latest as we continue in just a moment. ♪ mark: welcome back to the bloomberg market day. i am mark crumpton in new york. the announcements are coming at the worldwide development conference where a keynote address is underway. tim cook making an announcement moments ago about apple watch at. -- apps. >> today we are bringing native apps to the watch with a new version -- [applause] with a new version of the watch os, which gives the developers even more time to create even greater apps for the watch that world change the world. all of thelaw -- for latest headlines, we go to adam satariano. you have a revved up crowd. they were pretty excited about that announcement. are the true believers at this apple events. the thing tim cook is announcing there is a new software language for the developers to write apps for the watch. so poor they have not had

julie hyman in the newsroom with breaking news.ll a few weeks ago there was a bogus bed filed with the fcc for avon. now the securities and exchange commission is apparently suing the firm. real or not, unclear at the time or at least the people behind it. we will bring you more details as we get them. also, a quick check on stocks. we are now seeing a sellout gaining steam as we approach the midpoint of the session. commodity-related stocks leading declines. joining me for the inside is chief kelly. volatility has been a hot topic. yesterday getaid used to higher volatility. we have mostly seen bond volatility elevated. you actually say stock volatility might be higher than it appears. if we go back to last year, the average fixed was 14. five months this year compared to last year, we are up a point. 17.5.m 15 to about if you start looking out, everyone is anticipating volatility coming up. we can see that earlier this morning. someone took mario draghi's words literally and went out and bought 55,000 contracts on the july 26 col

julie hyman, thank you so much. our senior markets corresponded.m: let us look at the top stories crossing the terminal right now. the trader blamed for helping costly 2010 flash crash faces and asked her to your -- extradition hearing. held in prison since his arrest in april. and united states wants to extradite him and put in on trial for market manipulation as well as wired fraud. feelingpackard is still the aftershocks of that ill-fated takeover of software maker autonomy. hewlett-packard will pay $100 million to settle a lawsuit by shareholders who say they lost money on the deal. hewlett-packard ended up writing off almost all of the $10 billion purchase price after claiming that autonomy misrepresented its value. netflixcan call it style noshing. bloomberg news is reporting that catalog is looking to -- kellogg's is looking to start a subscription snack service. they have assembled a team in the direct to consumer food business. just last week, general mills and in its subscription snack offering after a year and a half. and those are your

has a looklie hyman at the markets. it simply quiet.ie: i wanted to focus on group what we are seeing a lot of activity, which is packaged food. trying to fix the thing on my computer. today. of about 10% the best performer in the s&p 500. this is after jana partners disclose it had taken a 7.2% stake in conagra and that it might push the company by nominating three new directors. it has to conagra to delay the deadline to nominate directors. it also said the company's performance had been disappointing since it acquired ralcorp, and other packaged food company back in 2013. according to jenna's filing, following that purchase, we saw disappointing performance for negative revisions to long-term earning targets, no dividend per share growth and operating performance challenges. some pretty negative reactions there. since the closure of that deal, on january 30, 2013, we have seen the shares climb, if you exclude today's gain, by about 20%. that's half the performance of an index that tracks in the industry. we look more that in a moment

. : i cannot julie hyman has number three. julie: sorry to be the buzz kill here peerless look at micron. down more than 14% and premarket trading. that is after a week fourth-quarter sales forecast was given. the company's sales fell last quarter for the first time in more than two years. analyst say almost, what can you do the company does make chips for things like servers and networking. but demand for that is not making up for the drop in demand in pcs. pimm: thank you a number four who is the best thinking chief executive. there is a tournament racket online. round number one the ceo's looking at return on equity. then stock performance compared to indexes in the regions in which they are based. round three, we measured the growth input value per share. then we narrowed it down. there were only four. goldman sachs, bnp paribas, citigroup, and wells fargo. and then percentage of profit. winner is -- the wells fargo chief executive beating out goldman sachs' chief executive. all right, congratulations. olivia: i love that

thank you, julie hyman. of the soccer's ifa says he would be nonsense to begin the process now over the next awarding, and there would be the u.s., mexico, and other countries from your. do you hate getting up early but love tv westward a will and your early wake-up call. they say the announced that of any nominations will now be held at 11: ernie a.m. eastern -- 11:30 a.m. eastern. the nominees will be announced on july's. of a larceny in the stakes novels, the upcoming 50 shades of grey seat has been stolen. publication date is just a week away. they are investigating the theft of the new book which retail -- details the erotic adventures of the 50 shades trilogy from the billionaire christian grey. those are your top headlines. elon musk as the wait for the tesla s is almost over. he said tesla will start threering the s the end or four months, and for more, i "m joined by "bloomberg west anchor emily chang. do we believe him this time? been pushingave back, pushing back, but they have stuck to the dead,

thank you so much, julie hyman.ia, the nikkei and hang seng deposit ending the day in the rent. they are holding off from adding the mainland stocks to the benchmark indexes. region,story out of the china's second-biggest nuclear operator surging in its shanghai trading debut. tocomes as the company hopes boost its nuclear power generation and cut pollution. this report from hong kong. has become the first nuclear power operator to list in mainland china. analysts say the company has a distinct advantage in the the mystic power market and strong earnings potential as the country expenses nuclear power industry. the listing itself is an indication of china plus nuclear ambitions. the country aims to more than double its capacity by 2020, and analysts say this will require $16 billion of investment every year. nuclear power firms needed to raise capital fast. to use itsit plans ipo funds of $2 billion on 4 nuclear projects. now here are some of the top stories crossing the bloomberg terminal at this hour. in the wake

betty: julie hyman is in the newsroom with the headlines.

pimm: thank you very much, julie hyman.livia: herbalife is going on the offensive against the nemesis bill ackman. pimm: it has launched a website called the real bill ackman.com which paints bill ackman as any responsible opportunist. bill ackman hasn't shorted $1 billion worth of herbalife stock and accused the company of running an illegal pyramid's game. during this now from atlanta's bloomberg's own way in stamford who has been covering the herbalife story extensively. bill ackman has been making these accusations for more than two years -- why is a black only acting now? duane: herbalife has taken heat from investors over the last couple of years. saying that they have not been proactive enough and that they have not gone after bill ackman fighting fire with fire. that is what this i say what they are doing now. they hired a new head of the communications divisions, almost one year ago, who has been getting in there and retooling the department. inhink part of this is effort to say, look, we are going to take the glov

time for today's insight and julie hyman. is indeed, let's take a look at how the major averages are trading. we have been seeing declines slower than they were initially will be got out of the gate at the opening bell this morning. all down about 1/10 of 1% as investors weigh what is going on in greece as well as economic data this week in the united states, meeting with the big drops -- big jobs report at the end of the week. joining me for today's options is senior equity derivatives trader at the mo capital and of course, you like everyone else, has been watching the situation in europe. anhave also been watching interesting move in the euro today. han nicholas has been mapping that up in europe. is there optimism here? is optimism, whether it is well-founded is another question. the trend in the euro is downward. it's been today on the back of some hopes that a deal will be struck by this friday. big debt repayments due to the imf this friday. there is no hard evidence that they are getting closer to a deal. i think they