into a courthouse and look up cj's information and what a trail you're leaving then. >> detective hyman is deliberately given limited information about his target. >> sometimes when you're walking into an undercover job such as a murder for hire, if you know too much, you can actually mess up a lot easier than if you don't know too much. so basically what i would do is just give cj some background on phyllis and let him take it from there. >> on december 3rd, the two have their first meeting in the parking lot of charlotte's eastland mall. while the support team positions itself nearby. >> the first meeting was hey, see what she has to say, see if she's serious about this or if this thing has been blown out of proportion. >> initially, agents restrict eavesdropping to audio surveillance. >> cj wore a wire, old style wire, has tons of wiring in it, it has batteries in it, the batteries will die, the reception is poor at times. you may or may not be able to record. you may or may not hear it clearly. >> okay, guys, i'm pulling in the mall now. >> i was trying to get those verbal queues ov

julie hyman.t iron ore once again because it is trading at a 10 month high. ton ore used most notably make steel and it is up 49% rate unexpectedly rally to many analysts and traders. it has been driven by a number of different factors but bhp and rio tinto, the largest business, cut the output forecast for this is one of the things that has been spurring the gain in the iron ore prices. something else spurring the game has been chinese demand for iron ore because of steel production. we have got quite a number of charts now. this is a version, i don't know if you saw earlier, of the charts that were created this morning. china has been producing more steel. here you have this rebound we have seen in the prices. note, on theelated thisse steel output, demand for iron ore to make steel in china. indeed, they are also getting a boost. scarlet: the earnings results should be interesting. julie hyman. tracy: turning to the world of under for shoulder just d shelled out- for just under $200,000 to buy

it's good to the markets desk julie hyman has the latest. julie: an unlikely rally. when we heard about the no hot talks collapse, the expectation was oil woodhead sharply lower and stocks would fall along with it, yet that is not what has happened. have&p and the dow each .5% -- not a runaway rally but if you look at the s&p 500, you will see what i'm talking about here. a gradual increase throughout the morning and what is interesting is as we have seen ad itslly, the dow highest and nine months, we have seen people dumping their short nuts on the s&p 500. but you have here is the measure of short positions on the s&p 500. we've seen a decrease in those positions at the fastest pace in four years, sort of a far and of this chart. beenosition has substantial as people have been squeezed out as stocks go higher. mentioned stocks year with oil wiping out some of its losses. julie: you can see it was lower but climbing back substantially, down almost 2%. flirt with the positive before closing down by a little bit and we continue to watch the correlation between oil and

julie hyman has a look at the latest.ng a pullback of about .3% across the

scarlet: let's go to the market desk and julie hyman.of companies are coming out with earnings in the metals industries. newmont mining reporting first quarter earnings that beat estimates by a wide margin, coming in at $.34 a share. $.18 is what analyst predicted and sales were up by 3%. year aftersen this we talked about the average price during the quarter lower than the first quarter a year earlier. newmont cut costs aggressively in order to keep its bottom line relatively robust. in the face of what has been an unpredictable metals environment. the shares are up by 4% today. if you look at their mining cost per ounce during the quarter and over the past several quarters, its costs have been going lower as it has been cutting the cost of production. that has been what is helping support the bottom line for the company. we heard from a couple of steelmakers. newmont focuses on stainless steel. littleynamics was changed after that company's earnings beat estimates but revenue came in and matched estimates. shares are not doing much. if

julie hyman has the latest. julie: a lot of big events are happening this week like the fed and the bank of japan. we will hear from all of those folks. today, it is more micro driven. .e are seeing a drop in volume as we were reminded earlier, spring break for a lot of folks we see some people participating in the trading day. averages are up off the lows of the session. now only one third of 1%. at some of the earnings highlights and lowlifes as the case might be. estimates,elow because of data. since they declined reported results that beat estimates. still seeing struggling legacy business continue to lay on the numbers and taking the charges as a result. rising today after earnings estimates. always a little bit good and a little bit back. potential deals are not happening to talk about today. bid for the unsolicited the company to create a larger newspaper company. $815 million unsolicited it, 1225 per share in cash. you do not see the l.a. times and the tribune -- then there is the long-standing >>. halli

julie hyman has the latest.are happening this week like the fed and the bank of

we're going to reveal the mystery stock with julie hyman.aining steam and speeding to a six-month high, back on track, the royal name in it sector. alix: we were thinking royal caribbean. scarlet: it was a sports reference. the kansas city royals. [laughter] julie: we are talking about a railroad stock. kansas city southern is up 27% this year. that is where all disputing track funds come into play . the stock is on done well and is doing well today. at one dollarn zero three cents, but revenue did follow year-over-year. it was down 7% because carload volume fell by 5%, but the stock has still been rising today. if you look at the daily performance, you will see that nearly 4% gain in the stock. say this is the smallest class one railroad based on revenue and traffic, but what is unique about kansas city southern are its mexican operations that are unique among the other class one rails. it also makes it more vulnerable to changes in the mexican peso as opposed to the more domestically oriented railroads . we also may see a pickup in volumes

let's go to julie hyman with the latest. it's a tough day.

let's head to the markets desk were julie hyman has the latest. julie: on days like this when you have so many earnings reports, 10% reports today alone , it is not unusual to see a lack of big moves on major averages because a lot of the movement is driven by individual stocks. that appears to be the case today. we are in a at the" he thought we are getting earnings after the close. higher.tocks trading on the downside, health care and consumer staples putting a bit of pressure on the major averages. as we get further into this earnings season, let's take another look at ea. quarters,the past forward quarters. . drop of .9% in sales in earnings, and decline at 7.8%. we still have a long ways to go. anderms of the highlights low lights within today's session, whirlpool coming out with sales misting -- missing estimates. sales in the shortfall -- procter & gamble with numbers that initially looked strong. --rd-quarter revenue fell by it appears to be a sales issue weighing on the shares. up 9.7% after raising its production forecast. the earnings w

julie hyman has the latest.use today after the major averages reaching their high for the year. .3% pulled back by about today. three orders coming in below estimates.

david: that is julie hyman there at the markets desk.he yen weakened the most in 17 months and there is a possibility that the bank of japan will take it easing measures as early as next week. as wethe yen is now venture into negative rates, people are wondering about it. lisa: will this yen move last? this is what japan wants. they want a weaker yen. let's look at what drove the decline in the end versus the dollar. are rumors orre speculations of that the bank of japan next week will decide to not only cut negative rates ieper into negative territory, but also to try to offset the damage by banks to basically pay them to make loans. david: something that bloomberg reported this morning. lisa: correct. instead of having a stick for the banks, there is a little bit of a caret -- of a carrot. there is a question of whether deeper negative rates will stimulate borrowers to ask for these loans. that is the big problem. where is this loan demand? it is nearly nonexistent, well, not nonexistent, that it is not in demand. this is something tha

alix: julie hyman has more details.lysts think go higher, at least until the first quarter of next year or so. 50 peruld at around $13 ounce they say. all trading higher today. even though we have seen a little bit of a pullback from the highs of the year, we have still seen a lot of volume in gold and gold etf's. take a look. lineis gld, the white price. it is down from the highs of the year. people are investing into this etf, and that has continued to be on an upward trend. wanted to point out since we have been talking so much about the yen today is the yen-gold correlation. typically look at the yen in its correlation with gold. right now, it is at 0.8, pretty close correlation. the credit suisse number is interesting because they talk about supply. thanks so much, julie hyman. scarlet: our next guest is launching two new gold etf's. than he has launched more 75 exchange traded products over the last 10 years. greg, welcome. gold hedge to investing etf's. what is that? greg: it's a first in the u.s. etf market. the

scarlet: julie hyman has the answer on the mystery stock.e talked about it clear picture, prints double he in price. convinced it is 3-d printing stock. julie: she is correct. but there are a number of them. d the one that is named, after 3-d printing. analysts say the company has the potential to improve for profitability with revenue growth. there is a new ceo over there. used to be at hewlett-packard and he is taking them in that new direction. here is this chart and it has already done extremely well your to date. and in today's session, they're getting a lift from a relatively shorted stock. we are also watching to pull play from jpmorgan. sales are set say to sequentially improve from the bottom in the first quarter. and analyst says that in the school 2017, earnings per share will nearly double to close to what they were in 2014, because they have come down. chipotle is a highly meaningful brand. though shares are up i nearly 3%. and i want to get back to the semiconductors. we talked about intel if you moments ago. a timeline semicon

julie hyman has a check on company movers right now.ulie: we have a number of auto related movers by general motors chief among them. the first quarter profit of $2 billion beat analyst estimates by a wide margin. the net income doubling from a year earlier. sales down 2.5%, revenue rose by 4%. is because of the mix of its sales. this is a chart from kevin of the company's light truck volume versus car volume. trucks have a double benefit, higher margins than the cars and they tend to sell at a higher price. also, looking at other car related movers. the owner of 138 dealerships in 15 states around the u.s. at cutting its new vehicle sales forecast for the year. on the flipside, johnson controls coming out with a forecast that is above what analysts had been anticipating. elsewhere within autos, we watched those volkswagen shares getting a boost after the news that the company had come to a settlement with the u.s. government agreeing to settle $10 million of civil claims related to its emissions rigging scandal. mitsubishi motors had i

scarlet: julie hyman is tracking stocks.re lower on the week, even at the highs of the session today, we have given those up today, at several points today dipping into the negative. right now, it is hanging onto a small gain we have also been tracking the japanese yen. day, falling for the first first session in six, even though the decline has now updated and the u.s. dollars advance against it has been paired considerably. very close to unchanged at one point in time. the weekly action in the yen has also been considerable, it's best week going back to february. this has caused an uptick in the volatility. you have a measure of volatility in the g7 currencies in white, emerging market currencies in blue. essentially, you have near the highest level going back to 2011 , particularly spurred by the japanese yen. elsewhere, we are looking in oil prices which have been gaining pretty aggressively throughout .5% --sion, now up six 6.5%, and a lot of commodity related stocks leading gains in the s&p 500 today. if you look at so

julie hyman has the latest in a day that has been

let's head to the markets desk where julie hyman has a look at the latest. julie: stocks took a leg down midday and the net leg right back up. we've made a round-trip here. w remain higher by .2%. technology is lagging today. we've got information-technology down about .6%, paring its earlier decline, but still the biggest drag on the s&p 500 as it is the heaviest weighted group. consumer discretionary also lagging. energy shares up 1.7 percent and financials being led higher after those goldman sachs earnings. alumina is a health care stock, but the company does make genetic sequencing machines, down 24% after preliminary earnings that missed estimates. netflix down after its forecast for international subscriber missed estimates. we have amazon and google also lagging today, perhaps because of their exposure to video as well. announce that standalone video service and google the owner of youtube. facebook with a price target related to facebook messenger, those shares up by 1.4% today. overall, the clients and technology today. lisa: talk about up and down

julie hyman has more than his desk. getting a 1% decline.igherget a revision than the prior month of 519,000. that is part of the reason of the month over month decline. this is the third monthly decline we are seeing in new home sales. it is the weakest pace of the man on the west coast. weakest place of demand on the west coast. sales are a much smaller part of the market than existing home sales. look at the stock market, we continue to see declines for the major averages. steady withlatively those declines. you got the doubt leading the drop -- you got the dow leading the drop. theave been watching evolving situation of oil and its interplay with stocks. on bloomberg look here, you have consumer staples as the least worst group today, but energy is the worst performer, down by nearly 1%. industrials also following suit. one of the large oil companies, if you look at how they are trading, exxon, mobile, we will hear from more of these companies in the next couple of weeks. halliburton's trading higher. that company coming out with prelimi

we need to get a snapshot of today's action with julie hyman. julie: we haven't had big pullbacks recently. there has not been that much movement either way in u.s. averages. the fact that we are seeing a pullback that is good -- getting there are these concerns about growth. the strategist over at goldman sachs says today that the recovery we have seen in the united states in the stock market is likely to falter before gets a second wind. -- there arere was two big issues. a slowdown in the buyback activity. he thinks the other reason is going to be the drop in profits for the s&p 500. take a look at the bloomberg. we are seeing the s&p 500 -- strategists are still pessimistic. the median forecast is 2150. and i'm going to send it back to you. belowthe dollar falling ¥110 for the first time since october of 2014. that means the yen is at its strongest level in a year and a half. it just illustrates the risk off trade we have been seeing. negative interest rate policy -- continues to give jim at -- japan's a pop economy -- economy a boost -- ali

it's time to check in on the markets with julie hyman.e earnings from barrick gold and freeport-mcmoran later on today. tracy: cost-cutting is a big theme for any commodity producer whether you are talking about gold or oil, even though we saw a recovery in the first quarter, they are still cutting costs. cost topany cutting inc. -- to improve its cost of production for gold and it got a boost as gold prices rose in the first quarter. elsewhere, hearing about some of got anarious minors, we upgrade from newmont mining due to valuation. you can see those shares getting a boost from that upgrade. freeport-mcmoran coming out and reporting its earnings. have to dig into what is going on here. some of its -- shortfall was due to its energy business. the company had been trying to sell its oil and gas unit as an entire unit. they try to sell it off in pieces but in the meantime, it is looking at job cuts and restructuring those operations. any of those were offset by the week this in the energy group. the companies net loss coming in above what

word julie hyman has the latest.by what it was earlier. >> the down the s&p are each up half of 1%. those gains have comments oil has paired its declines. we tend to see a correlation there. oil is up sharply off the lows of the session. now down just about 1% as we have been talking about. strikes that kuwaiti oil and also a lot of commentary, saying they expected some investors to buy a dip today. what isars to be happening with energy stocks. energy producers, energy index has been climbing throughout the day and it is up i 1.5%. the best-performing group in the s&p 500 did individually, some of the big oil companies rising today, exxon mobil, chevron, all of them gaining traction, which again, as we talked about earlier, is not what you would have expected in the wake of a failure to come to an agreement. >> earnings coming up as well. i wonder how those will play out. you're talking a little about the stocks last hour. i wanted to get a check on how they are trading. amazon as they announce the amazon prime vide

julie hyman hyman has been tracking the moves. it is a positi

i want to get back to julie hyman. want more context on at some mobile losing their top credit rating which is a big deal for this company. >> exxon mobil has had the triple a credit rating sinks 19's -- 1930. it is astonishing. there are only two other u.s. corporations that have at this point. this downgrade looks like a big deal for this company. it is going to aa plus over at standard imports. it had a warning. it was but a in february and had tried to keep that top credit .ating s&p said credit measures will remain weak through 2018. that is what it said when he gave exxon mobil this morning in the first place. why is this important? mobil'sraise exxon borrowing costs, and it could also affect its status among oil-rich governments in terms of negotiating drilling licenses. exxon vice president of investor relations said it is time of this warning, the aaa rating have been a key selling point when competing for those licenses in oil-rich nations. that is why -- that is the context and white is so important. that sa

scarlet: julie hyman has the latest. it is the first game this week. seeing a big ounce back after a two-day decline the largest in two months. rising to about the highs of the session with the nasdaq leading. has been lagging throughout the session for one thing we have been watching highlighted in a bloomberg news story today has to do with short interests and stocks overall. we have seen them climb and climb. that in the recent rally, the recent move has been fueled in some part by a short covering. take a look here. s&p 500 and the games we have seen -- games we have seen in the past several years. it coincides with an uptick in short interest, about at its highest going back each year. it has come back down slightly here as we have seen the gain in stock. nteresting phenomenon we will continue to keep an eye on. thee watching the groups in s&p 500 health care continues to help lead gains, neck and the, getting a boost with oil prices paired with health care, it has canceled deal now from pfizer and allergan. those stocks are trading higher. likely

julie hyman hyman has been tracking the moves. it is a positive day for the stocks. julie: i want to look at facebook. the shares dropped suddenly just in the past 15 minutes. they are bouncing up off the bottom of little bit. there is some talk, i saw some tweets about ad spending and figure out exactly what might have been said to cause the decline in the shares. the reversal, really -- they are down 1.6 percent. we will keep digging and bring you an update when we have news from that conference. for a look at the broader markets, we are seeing a rally across the board. we see a gain of 1.2% in the nasdaq. if you look at the dow, the dow is also up .8%. we have been seeing a range earlier in the day and a leg up around 11:30. jpmorgan is a big part of what is going on in the dow today. the earnings falling year-over-year and trading sales falling euro per year that all of the declines were smaller than analysts had been estimating. jpmorgan has actually been building on its gains throughout the day. this may shares are rallying. jpmorgan is raising the analyst esti

julie hyman is with us.e a trade weighted is somethingknow one is a look at because it is something to look at the slice and dice. you want to walk us through it? currenciesagainst like the korean and many asian currencies that they trade heavily with. not as much strengthening versus the u.s. dollar, which has to do with central banks dynamics. thing tor interesting look at because you look at how much the trade weighted yen has declined over the last three years. it is hurting companies in japan. julie: right. another corner of the market i wanted to look at that is affected by this yen trait is options purposes. this is options purposes on etf that tracks the currency 84% above average on wednesday. it is the highest since mid-february. definitely seeing a lot of volume increase there. hisracy share etf having particular highest volumes this year. vonnie: when it comes to currencies, it is always more sophisticated investors so it is interesting to watch. we have been looking at sterling over the last few

we had to the market desk where julie hyman has the latest. we are four hours closer to the start of the earnings season. julie: as people get close, maybe they get my -- more nervous. alix: is the kickoff really official anymore? scarlett: i don't know. wednesday is official because j.p. morgan is reporting. julie: whether you are talking about alcoa or the banks, there is not a lot of optimism when it turns to earning broadly with energy or financials. we have seen a pairing of gains today as we have gotten deeply into the session. the s&p 500, if you look at the intraday move we have seen, it has been moving from steadily lower, a leg up in the past few , downs, but none the less sharply from the highs of the session. let's take a look at the s&p 500 profit estimates and the change we have seen in estimates. this is the change that we get quarterly. we are talking about a 10 percentage point swing in these estimates overall. the estimate is for earnings to fall 10% in the quarter that we are about to learn about. definitely a lot of pessimi

let's head over to the market desk and check in with julie hyman. julie: it is gaining steam as we go through the day, session highs in the past few moments, and at one point, we were seeing the dow and been closer to 1% than they are right now, so very close. that weisk on scenario are seeing come back into the market, so what happened with oil, as we have been talking about throughout the day, earlier a report that russia and saudi arabia had come to an agreement on some kind of protection freeze, but there was not really confirmation for more information until the roman came out and said there was a path forward to some kind of an -- until in delhomme the russians came out and said that was a passport of some kind of an agreement in doha, and oil is trading above its 200-day moving average. this is a look at the intraday move, and there is the moving average, now bouncing up above it for the first time in quite a long time, as against the. we, technicians are saying are continuing to see and oil rally. is that a sign that the autumn has been put

desk head to the markets where julie hyman has the latest on how markets are trying to climb up today. lots of earnings. julie: it would be a surprise if we got any gain at all. we are seeing some gains in the dow and s&p in particular. the nasdaq is being dragged down by some of those numbers. i want to hit some of those big stories. it seems like the focus is not macro, it is on these individual companies. let's get to some of them in .echnology third-quarter earnings sell short because of a higher tax rate. kind of mirroring the situation with ibm, both of these are legacy tech giants that are trying to push forward to the corrupt -- to the cloud, to other businesses? way still do things the old , in the case of microsoft buying software packages rather than subscribing or doing it through the cloud. on the flipside it is moving into the new age. that is hurting it. that is more expensive for alphabet or google. when people are surfing on their mobile phone. there is a shining star with him technology. it is advanced micro devices. even more importantly it is licensing its technolo

you, julie hyman., america's managing director mike mayo on the state of affairs in the banking industry. fedthoughts about the rate hike. ♪ jonathan: pfizer terminates -- 160 billion dollars merger following obama's crackdown. controversial rules announced today facing intense opposition from the financial industry. greece beat to the u.s. labor secretary first on bloomberg. speak to the u.s. labor secretary first on bloomberg. the jump in crude prices have not stopped the cost of low equity. york,8:00 a.m. in new 1:00 p.m. in london and in the clock p.m. in hong kong. i am jonathan ferro along stephanie ruhle and david weston. research, director of billion andover $11 a leader of the house team leader. stephanie: he is working overtime. david: a lot to cover, but we want to start with the market. jonathan: futures positive across the board. doubt features of 36 points. the dax is up by five points this morning. the ftse up .8 of 1% as we had into the close over there. switch on the board, wti climbin

trading day, so let's check in with julie hyman to get a snapshot on how we will

we go straight to the markets desk julie hyman. earnings.ng out with >> they had earnings far ahead of estimates. all regions ofss the globe, the have record results in north america. that income doubling from earlier. even after vehicle or sales were down, so, it is interesting here what we saw happen. , kevinook at unit sales over a bloomberg intelligence oneself that it was really truck sales driving profitability at general motors because it had a renewed appetite for trucks. they had volume of light truck sales versus the general motors car. and, because trucks are more expensive, it boosted sales numbers, and has higher margins. , that companyhium is coming out with a second order forecast. the maker ofols the auto components is out of the numbers that the estimates. then, there are various emissions scandal's. ew, according to people with direct knowledge of the matter said the company will set aside $10 billion to resolve civil claims by the u.s. government. they are also over the rigging of the diesel. shares are rising. t

david: julie hyman at the markets desk. coming up, my conversation with jeff koons. think's about the business side of art and his relationships with the people who collect his work. about the thinks business side of art and his relationships with the people who collect his work. ♪ david: this is "bloomberg markets." let's turn now to one of our bloomberg pursuits stories today. turns out you do not have to be a billionaire to own a jeff koons balloon dog sculpture. the american artist has teamed up with a french porcelain maker to produce plates that are 1/10 the size of the original stainless steel statute. each dish will sell for $8,000. i sat down with jeff koons to talk about the project and more broadly the business of art today. jeff: to work with somebody where you have a reliable quality product and we are able to achieve this quality each time and i don't have to worry about variation of quality, this is really important to me. david: how interested are you in the business of art? is it secondary or something you enjoy thinking about and being a part of? je

let's go straight to the markets desk where julie hyman has the latest. possibly a bad earnings season, but you could not tell from how the markets are trading. julie: the sentiment is terrible going into the season with a pullback of about 10% in the s&p on average. all three major averages trading higher. some talk that investors are now looking past this earnings season, seeing it as a bottom for earnings. all three major averages are higher, the dow doing the best of the three. if you look inside the moves today, sector wide, financials are leading some of the gains, even though there is a lot of pessimism around the bank earnings. energy and technology rounding out the top movers. health care is the laggard, but at the moment it is not much changed. the other big story has been a japanese yen, which is not doing much today, after that 17-month high for the currency. we could see a shift there, even as we are seeing a very bullish sentiment in the end. take a look at the bloomberg terminal. this is looking at the dollar yen versus the cfpc long, yen l

julie hyman at the market desk. that is it for bloomberg markets. "what'd you miss?" market closes next. here are the major averages as we are left four minutes away from the closing bell. will we hold onto these games? we will find out. ♪ we are moments away from the closing bell. alix: u.s. docs closing mixed at this afternoon. the dollar falling to its lowest level since june, sparking a rallying commodity. "oe: "what'd you miss? scarlet: please breakdown the numbers for you in minutes. joe: our guest says commodity prices haven't been more important than they are right now for emerging-market currencies in over a decade. >> and putting an end to the tear any of the noncompete clause. the wide-out strategy has worked out well for silicon valley. we begin with our market minutes. stocks closed mixed. the s&p 500 tried to get to 2100, didn't quite make it. the dow industrial seeing above 18,000.

let's head to where julie hyman has the latest on the trade. kind of all over the place. julie: it is the biggest one-day pullback in almost a month we have not had big swings in stocks as of late. thatght not be part of metric because we are down. definitely coming up off the lows of the day. note whereut with a he said it would be difficult after the latest recovery in stock to get a second wind. he thinks there are two main obstacles. one is that the buyback, companies themselves have been a big source of demand in stock. also, corporate profits would be difficult in the coming reporting season. that means stocks will rally. take a look here. this is the median strategist forecast for the s&p 500 here and in yellow. there is a lot of pessimism over u.s. stocks right now. the median forecast, 2150. this deftly a consensus at point that stocks will not be able to maintain gains. he is not alone at being pessimistic on -- specifically. this the change going into the earnings season. we have had about 10 percentage points in the earning estimates for companies in the s&p 5

let's get over to the markets desk the julie hyman. in the u.s., things are improving.f you look at the major averages, we turn higher on the nasdaq and s&p 500, although the dow -- the s&p is slightly higher. looks at the dow is hanging on to a little bit of a decline. bottom line, the s&p and dow little change in mastec is getting a lift at the moment -- change in nasdaq is getting a lift at the moment. we have a lot of mac pro moves -- macro moves. verizon, it's magic estimate is saying some of its labor negotiations will put pressure on its second-quarter earnings. coca-cola without with earnings yesterday. down 6% over the today period. -- down 6% over the two day period. think thet suntrust metrics that came out from coca-cola were fine and they were puzzled by the drop of shares. the price target being raised $50 per share. today, it is below $44. mattel -- barbie sales falling. united continental saying its passenger revenue for each seat flown amile -- seat mile has been reduced. i want to check on a headline coming out that viacom and dish have agreed to a mul

julie hyman at the markets desk. let's go to mark crumpton in the newsroom. governor mike pence endorsing ted cruz for president. ted cruz needs a victory in byiana after getting swept donald trump earlier in the week. >> i have come to my decision and i'm not against anybody but i will be voting for ted cruz in the primary. mark: the endorsement marks a setback for mr. trump. indiana's primary is tuesday. passengers on a cruise ship in virginia have been sacked in sickened with nova virus. 159 crew and passengers became ill. the ship operated by fred olsen cruise lines [in april 16. there are more than 1400 passengers and crew aboard. rejecting anourt emergency appeal to stop texas from enforcing its voter id law. the justices said they could revisit the issue as the november elections approach. the law has been in effect for recent voting even after a trial down --- judges drag it judge struck it down in 2014. whethern iran deciding moderates or hardliners will control parliament. it was a setback for those opposed to last year's nuclear deal with the u.s.

julie hyman has the latest. julie: stocks falling to the lows of the session as the nasdaq pulls down by 1%. global growth worries continue to return to the market. that is manifesting itself in the reaction we are seeing in the japanese yen, going to the highest versus the u.s. dollar actually now below 108 again. going back at least to october. 10 year yields are going lower today and gold is rising. so today there is more of a risk in the market. what is interesting is that lately, we have seen more of a risk on. or have we? recently, we have seen this rebound in the stocks. this is the white line. and this is the world index, the broad index of what we have seen around the globe. it happened at the same time that we did see indicators with caution. gold has also been rallying and treasuries have been rallying and he yields have been going lower. that is because lower church is here. so even as stocks have been going higher, we have seen investors with timid behavior that indicates they have been cautious. an

julie hyman has the highlights. julie: we're following from jamie dimon's letter from earlier in the week. the near-term environment will prove challenging. he said he is generally optimistic about the longer-term. he said the combined ceo chairman structure serve from goldman sachs, he also said he was to continue a dialogue with the fed and sec. he looks like the lead director for goldman's ford is making commentingnts, he is on his optimism about the longer-term. also, he goes through the pay package. goldman sachs is awarding a $7 million bonus over eight years. that is if the firm meets certain targets. $30 million is down from 31 million from last year. ceo amonghighest-paid the u.s. lenders for the fourth straight year, even though, and the income has gone down by 28%. will continue to monitor this letter. i will be back and erik schatzker will be back with any further updates and highlights. note, the annual meeting for the company will be may 20 in jersey city. mark: coming up, have you ever wondered how br

let's head to the markets desk where julie hyman has been tracking the moves.es to equities, we are moving to io

lettuce head over to julie hyman. tracy mentioned apple.g break, so it's wait-and-see for the market. julie:

david: julie hyman is ticking on company moving. julie: selling 52 million tores at 446 to raise money pay down debt and those shares are down 72%. they were down more steeply overnight after announcing the share sale but once the pricing great care to losses to some extent. we're seeing an advance in some of the miners today. gold and copper are both tired today. gold as we are seeing a little bit of a risk of scenario and the lower dollar, copper getting a lift from the lower dollars. and some assurance on the chinese friend. agreement.g after an just seems to beginning on that as well. generally we're seeing the materials talks down. a duo of stocks that are falling session,econd straight field air declining after porting earnings and sales that came in below estimates. falling for second day after being downgraded at nomura. all these -- let's take a look at how the stocks have done this year. freeport has done very well but remember last year it did very poorly. falling 75%. newmont also. some of the mining stocks, see industri

let's head to julie hyman. the gains in the markets are about half what they were earlier.

back to the bloomberg best with julie hyman.st move is -- the first movers are not in the green. drives, company is reporting third-quarter earnings that missed estimates. they are saying demand in china was weaker than they had participated -- anticipated. the company says fiscal third revenue will be $2.6 billion. teslas $2.7 four billion. was -- the previous report $2.7 billion. steep declines for seagate. airlines are doing better did delta coming out with its numbers. more important than the numbers for last quarter, it's the fact the company may be willing to reduce capacity in order to increase revenue. that is a shift for delta. it has been increasing capacity. those shares are up better than 2% if you look at the rest of the airlines. we are seeing advances for them as well. spirit, american, jetblue -- spread between the low-fare carriers in the more traditional carriers. i wanted to take a look at the charts of the company's it he. it's available seat miles. i got this from bloomberg intelligence. to 20 13. goes back

let's check in with julie hyman at the markets desk. we talk about how amazon's earnings are so amazing in that they beat estimates, yet not giving a lift to the broader market. >> no, not even to technology, yet alone the broader market. we are seeing stocks fall to their lows of the session. we've seen a sharp gyration during the course of the session thus far. some of it appears to be driven by oil, perhaps some people paying attention to those comments by robert kaplan. but overall, we are definitely seeing a negative at this point for the major averages. take a look at the bloomberg here for the groups on the move. healthcare is the worst performing group. then there's technology, financials and energy. i should mention amazon is actually in the consumer discretionary index in terms of where it is sector-wise, and that index is very slightly higher, so it's not grouped with technology in the s&p 500. when you look at healthcare and see the big decline, at least some of that is due to gilead. the company's profit missing analyst est

let's go over to the markets desk with julie hyman. japan.tory was julie: there is a lot going on today at the macro and micro level. it is equaling a negative stock market. we started off with early gains and they melted away led by the declines in technology and nasdaq listed stocks because we had big earnings disappointments. the dow and the s&p are also turning lower. 500 was swinging from a gain at the open to a loss. we are bouncing around near the lows of the day. looking at the groups on the move, energy is up most today. financials are gaining some steam but on the downside, technology is inescapable. thanindexes down by more 2%. when it's down that much, it has a big effect overall. individually, we are watching microsoft which cannot with earnings that missed estimates because of a change in its tax rate and forecasting numbers below it analysts anticipated. it is held back by its legacy business. alphabet also known as google came in below estimates and that's because of increased for the use of mobile phones. facebook is down alo

julie hyman a rundown of that. from: falling in april march to 96.1. economists were estimating.urable goods orders earlier also coming in below estimates. so for those folks watching the fed, most people in the markets, this might give more fodder to the doves. in their statement tomorrow. markets have increased, up by about one third of 1%. earningse watching very closely. about 10% of all members of the they00 will report, if have not already. very busy for earnings. apple is the big capper after the bell. we see a concentrated in industrial, for example. for whirlpool. sales increase in north america but saw declines in all other regions. dupont raising its earnings outlook for 2016. merge with dow chemical by the end of the year. 3m, not much change. that company also beating estimates in terms of earnings. sales in the electronics and energy unit down by 14%. us more aboutk to what else is going on in terms of not just earnings but also the oil markets and in currency. julie: currency still in sharp focus. the japanese yen in particular. is now back to mark. mark: let's loo