i'm joined now by joe weisenthal. e, it was sort of a bumpy day .or stocks at one point it almost closed high but then pulled back to about 10 points. real story today has to be what we continue to see in the market in europe with the german boon selloff, the 30 year treasury going after 3% for the first time in a while, a continuation of what we saw last week and several days ago. that ite idea being takes deflation of the table, mean we are seeing a little bit of european growth in the forecast as upgraded by the commission and perhaps that are global growth. do people buy it? is this an inflation try -- inflation trade or more the hey, you know what? thatthere are signs european growth is better than expected, but those signs have been here for the entire year. some talk about china stepping up its stimulus efforts, removing the forces that might be on the global economy. or it could just be a technical factor of the selloff in changing her mind. i think it's too early and too difficult to say. alix: especially when

alix: i am joined by managing .ditor joe weisenthal it was a bumpy day for stocks. the s&p touching the closing high and pulling back, ending by denver points -- ending down by 10 points. the 30 year treasury today went over 3% for the first time in a while. whatis a continuation of we saw last week and several days ago. alix: and the idea of taking inflation off the table, maybe we are seeing a little bit of growth. by thet upgraded european commission. perhaps we have better growth globally. do people buy it? is this an inflation trade or is it they will take more money off the table? joe: there are signs european growth are better than expected. those signs have been here for the entire year. some talk about china stepping up its stimulus efforts. therefore removing that they are for removing some of the deflationary forces on the economy. -- they are for removing some of the place very forces -- removing some of the deflationary forces on the economy. alix: we will take a look at overall stock markets. we had that major rally at the end of last week and we are s

i'm joined by joe weisenthal -- it was kind of a green day across the board. almost 2%. joe: we talked about the selloff and the fed -- alix: you did, i was on vacation. joe: we saw the transportation rally. there had been talk of the transportation sector being a red flag, but today it was strongly up. alix: it was weird and the discretionary world because we had a split in the retail world -- michael cores and tiffany -- michael kors just tanking on earnings. joe: of course, we had this amusing thing in greece where we have these signs out of greece that a are patching a deal together and other sources saying no, we are not. that seems to be the story for so long where you get all of this optimism and then the creditors are like what? what stood out to me was the emergency liquidity assistance not being raised. which egged the question is that or is thess capital ecb trying to apply some pressure? joe: you don't know but as the clock ticks there, they are doing whatever they can to build pressure. alix: there is no more money in the greek banks to take out. just kidding

i'm joined once again by bloomberg markets managing editor joe weisenthal. in the industry groups s&p 500 finishing down. do not the only member of the dow industrials -- dupont the only member of the dow industrials that did not fall. joe: still counts. scarlet: the s&p 500 and the nasdaq seeing their worst day since may 5 and at its session low, the dow lost 242 points. so, that was certainly be slow down leading into the three-day weekend and now that we have come back for memorial day everyone has responded by selling off stocks in a comes on heels of data that was fairly encouraging. durable goods, consumer confidence -- joe: the story has been dated disappointment. everything with the exception of the labor data was bad. then stocks were raised to record highs. there is solid on may factoring, confidence, capital goods orders. would news ise bad news. maybe this brings us back to the discussion of the fed rate hike and something like that. were still very close to a record high. today is not dramatic. it's not a huge a lot, but it was a different trade-

i am joined by "bloomberg markets's" managing editor joe weisenthal. it was a green day across the board, but really tech. joe: yesterday we talked about the sell-off. we talked about the fed. alix: you did. i was on vacation. joe: right. today was forget about all that. another rally was the transportation sector. there had been talk about the transportation sector being a red flag, but today it was strongly up. that was one good sign. alix: it is a discretionary world. we had a commit. core doing. joe: both companies are individual stories and probably say less about the overall economy. then we have these signs out of greece, like we are hashing a deal together and writing it up, and other sources in europe saying no, we are not getting close tore a deal. that seems to be the story for a while. alix: rhetoric and rhetoric. hat talked out to me was the emergency liquidity was not approved. is that because the e.c.b. is trying to apply some pressure? joe: you don't really know, but you have to assume that as the clock ticks, they are together what they

i'm joined once again by bloomberg markets managing editor joe weisenthal. you can hear the closing bell ringing right now. all three industry groups in the s&p 500 finishing down. dupont the only member of the dow industrials not to fall. only up by .001%. it still counts. the dow suffering its worst decline in months. the s&p 500 and nasdaq seeing there was days since may 5. at session lows, the dow lost 242 points, so that streak we have seen of the doubt not swinging at least 100 points comes to an end. now that we have come back from memorial day, everyone has responded by selling off on stocks, and it comes on the heels of data that was fairly encouraging, right? .urable goods new home sales? joe: the story has been dated disappointment. the first quarter was a massive disappointment. everything with exception of labor data came in really bad. scarlet: we ignored all of that. joe: today felt like the opposite. strongmen of data in the morning. solid on housing, manufacturing, confidence, capital goods orders, and yet, here we are, market down. it's sor

i'm scarlet fu here with joe weisenthal. we are pretty much at our session lows. joe: it is a fairly ugly day. no bounce at all and if you look at how the dollar is .oing, we have resumed higher prices, lower yields in treasuries. that's following what we have seen in the european government bond market. there is the yield on the 10.4 percent.to of those good one news means bad news days. you see the dollar rally -- scarlet: and the remarks from janet yellen. joe: we have a lot to chew over. scarlet: a lot to chew over. john malone has been after time warner cable for two years and now he is getting it. charter is buying time warner for 50 $5 billion of cash and stock. time warner rejected a takeover bid last year, and accepted a deal from comcast, but as you know, that deal fell apart in april. charter's ceo says he does not mind paying a higher price. john malone: time warner is more valuable. the have kept their eye on ball. we're comfortable with where we are today and the price today. it's a different circumstance than it was then. their behavior and our behav

joining me now is joe weisenthal. joe, we keep getting the bad data. everyday i am saying record high, and where up, what, a couple of points? it is not a huge takeoff. joe: yeah, it is basically the same story every day that we have been getting for, i do not know, 60 years now. which is the data is not that great, but it is not that bad. you're going to say goldilocks right now, and i will totally roll my eyes. joe: i am trying not to say it. we have got more mediocre data, but the bottom is falling out. alix: you know what is not moving echo transportation stocks. goes, dow transportation there goes the dow. 6% off closing high, and without the intraday record high, interesting bird that is an outlier. joe: definitely a yellow flag to watch, i would say. as you point out, there is a believe that they often leads the market. he want to watch rails and airlines, leading indicators, definitely something to watch. obviously this is all central-bank driven. how much ammunition do central bankers have? a cool note today saying the world economy -- this is

i'm joined by joe weisenthal. if you look at the sectors, tech of almost 2%. you had health care of 1.5%. you had a little bit of risk, a little bit of safety, a little bit of dividends. joe: everything is up. today was that day. all of a sudden, greeks and from or whatever -- last week tantrum or whatever seems to be like a distant memory. alix: and we started to move into national -- international stocks versus domestic stocks. joe: and you have the dollar hitting a four-month low and you would imagine that benefiting international stocks. alix: you nailed it right there with the dollar. it limits the longest losing 2013. since the big impact is on inflation and then corporate profits. joe: it's interesting, because we've had a few dollar stories this year. lately, that comes after the beginning of the year when all anyone could talk about was dollar bullishness. we just wrapped up q1 earnings season and that was during a time of significant dollar strength. the report from goldman today was when they identified the four big that they heard on earnings calls.

i'm joined by bloomberg markets manager joe weisenthal. know you hate the records thing, but another record. we saw another close for the dow. joe: i don't hate records. it's exciting. part of it was apple, for example, a big mover. carl icahn noting that they want to put more buybacks to the company. target of the reporting at definitely helps to move the tech sector. open letter ton tim cook, and it was pretty amusing, because in addition to the buybacks alchemy was talking about how great apple could do stuff, hehe buyback was talking about how great apple could do with cars and other things. he would probably not be the first person i would listen to about assessing a company's position in some new technology. no offense to his previous record. had all terra jumping after a potential acquisition by intel. you also had a big pharma deal pharmaceuticals for about $8 billion. joe: especially on the farm aside. we just keep seeing it over and over again. alix: and retail also. joe: there was this deal where the parent company of ann taylor

here to talk about this is joe weisenthal. at what was weighing on markets overall was a transportation stock. you have the dow jones average sinking. like it is af feel summer day. we have been having more down days than updates recently but we are still there record highs. there is it too much going on in equity markets. in hard.tals came not a lot of demand, not a lot of transportation joe: you imagine that they would be economically sensitive, movie stuff across the country. that is something to pay attention to. the thing to pay attention to is the chinese stocks. it fell six and a half percent. because the market has been rallying so much lately, that only brings it down to where it was on may 22. it is hilarious when you see a market fall that much and it goes back a couple of days. whilst the u.s. market is so quiet, we have china to look at for endless excitement. did have the tightening of margin roles. joe: there is excepted that there was tons of retail. so, it makes sense, the huge run-up, tighten the rules. you'r

i'm joined now by joe weisenthal . it was a pretty doll day in the markets, but sectors were actually moving. by .5% and utilities and consumer discretionary down, which was interesting because we had that weaker retail sales report and lots of things lower their. department store sales, car sales, furniture, electronics, that was lower, weighing down the consumer discretionary. thatit makes sense consumer discretionary was week because of that load number. we will have to wait longer. there were some bright spots in the retail sales number. i was particularly interested in people going to restaurants and bars. it was a strong number. tople don't go out restaurants and bars unless they are feeling pretty good. so it is hard for me to believe that with numbers like these and the consumer sentiment numbers we have seen that the consumer is as bad as some of these headline numbers are showing. and we should point out that they are going to eat in restaurants and bars but they are not shopping at grocery stores. we just do

i enjoy now by our bloomberg markets managing editor, joe weisenthal. within the s&p, you saw energy have a big run, up by half of 1%, and we saw tell a conflict into positive territory, while materials and health care really lagged. : yes, that has been the surprise story of the last several weeks. this energy, which everyone thought was finished, and oil was going to go to a low, and here it is, once again, having a solid day. the names like health care, financials, utilities. : yes. i think that coincides with the reverse we saw in treasuries and the reversal, as you say, outside. health care is an interesting day in that respect. nothing talked about anything else, but then there is a pause today, and the question is, what is this? is this a sign we are seeing inflation in the market? pop up, ortarting to is this purely a technical trade? take of america says there is something a little bit more lying on here than this inflation on the side. -- banc of america says there is something a little bit more going on here. the idea that germany is coming o

i'm joined now by joe weisenthal.

i'm joined once again by bloomberg markets managing editor joe weisenthal. hear the closing bell ringing right now. all three industry groups in the s&p 500 finishing down. dupont the only member of the dow industrials not to fall. it's actually

i'm scarlet fu here with joe weisenthal. we are pretty much at our session lows. fairly ugly day. no bounce at all and if you a

joining me now is joe weisenthal. joe, we keep getting the bad data. saying record high, and where up, what, a couple of points? it is not a huge takeoff. joe: yeah, it is basically the same story every day that we have been getting for, i do not know, 60 years now. which is the data is not that great, but it is not that bad. alix:

i'm joined by joe weisenthal -- it was kind of a green day across the board. almost 2%. ed about the selloff and the fed -- alix: you did, i was on vacation. joe: we saw the transportation sector

in global markets this morning, joe weisenthal is with us. urther. joe: the chinese economy has been slowing dramatically presumably missing official growth forecasts. yes, they need to do more but this last one came as a surprise. erik: in previous chinese moves we have seen more of a reaction at least in u.s. equity index futures. joe: who knows what is factoring into u.s. equity markets today question mark there was a big move in china and their work -- i think the shanghai composite up 3% overnight. there were some notable moves and asian currencies. we will have to see how it shakes out. stephanie: does not feel like you was investors are confused question mark a look at the jobs numbers fridays and immediately people were excited. the unemployment number looked good but nonfarm payroll stunk and wage improvement stunk. it's not like there is a clear positive picture. all the data has not been that good. joe: it's the same story we have been getting for six years which is improvement but not amazing. and not bulletproof. stephanie: that's

i enjoy now by our bloomberg markets managing editor, joe weisenthal. you saw energy have a big run, up by half of 1%, and we saw tell a conflict into positive territory, while materials and health care really lagged. : yes,

here to talk about this is joe weisenthal.kets overall was a transportation stock. you have the dow jones average sinking. like it is af feel summer day.

i'm joined now by joe weisenthal .day in the markets, but sectors were actually moving. by .5% and utilities and consumer discretionary down, which was interesting because we had that weaker retail sales report and lots of things lower their. department store sales, car sales, furniture, electronics, that was lower, weighing down the consumer discretionary. joe: it makes

tom: joe weisenthal crushing me on twitter. let's look at the chairman.lan greenspan at the peterson institute. here is the chairman talking down to thousand 15 gross. -- 2015 gross. >> i don't believe the -1% is accurate. the problem exists that it is very difficult to envisage going up to 3.5%. tom: greenspan saying we are heading toward where ethan harris is. the cohead of global economic research at bank of america. where is the old 3%? array going to get back to 3% or is there a new number -- are we going to get back to 3% or is there a new number? guest: we can bounce back from an awful first quarter but on a sustained basis the 3% is long gone. tom: politically we don't want to accept that and our kids don't want to accept that. it is unacceptable. guest: it is the nature of the world. lower growth and activity is not as strong as it used to be and we have to accept that the speed limit is lower. tom: brendan, it is simple yellen at the zero bound. brendan: what is the natural rate of inflation? guest: i think what the fed is trying to do makes per

weisenthal. i know you hate the record thing but we saw another close for the dow. joe: i don't hit records. i love them. alix: you make fun of me. that's why i say it. r.o.i. con noting that they wanted to put more buybacks into the company. noting that they wanted to put more buybacks into the company. an open letter to tim cook. it was pretty amusing. he talked about how great apple could do in cars. is a great investor. nobody can argue with his track record. he would not be the first person i would listen to in assessing a company's position in new technology. alix: did not mention the phones. mentioned the cars. also m&a, a potential acquisition by intel. the purchase of pharmaceuticals for $8 billion -- that is not nothing. joe: especially on the pharma side. side. we just keep seeing it over and over. alix: retail also. joe: the parent company of ann taylor was bought out. but people don't think this is some sign of, like, incredible optimism in retail. people see this as cost-cutting. we are looking for some signs of life in retail. that the consumer will come roaring back. alix: le

weisenthal. i know you hate the record thing but we saw another close for the dow. joe: i don't hit records.alix: you make fun of me. that's why i say it. r.o.i. co