julie hyman has more.re about an hour away from the bell. >> gold futures are in the red after finishing higher for the third straight week on friday. joining the with a look at what is moving the price of gold, bob igeochino. we have seen this snap back in gold recently. it is really interesting after the big down year it had last year. bob, what do you think we are seeing here in terms of where we will see gold go from here? some of the impetus comes from what we are seeing in iraq. will the the continued -- will it continue to be a reasonable buy? >> i think so. you are looking at the first back-to-back positive quarters for gold. i think the fundamentals for gold in the medium-term or not that great. we are on the other side of fed easing. in the euro zone, we are getting stages of aggressive easing. other than the dollar, the other currencies are going to be weaker and you will continue to see global demand just a stone that -- just based on that. greg, you are not seeing -- i mean, you are seeing the

julie hyman has more on this. part of the problem is a lot like what we do in the stores -- we are browsing online. >> except we do it at a higher rate. forrester research put out a report looking he -- looking at the name reason why people abandon their e-cart. they say shipping and handling is too high. they're just not ready to purchase for whatever reason. i spoke to a retail consulting group yesterday, and there are a lot of reasons -- your online, cries,ne rings, the baby whatever it may be, and you do not get back to it. also, 22% wanted to compare prices. saysee something, and you maybe i can get it cheaper somewhere else. piecee of that shipping we have seen an increase in the number of transactions that offer free shipping. amazon has been aggressive on that front and set the standard. other e-commerce sites have followed suit. in terms of why people are shopping online, part of it is fast shipping, getting it quickly. a lot of them are picking it up in the store, even if they are buying online. they're

julie hyman has more. >> thank you. time for futures in focus.d is in the spotlight as prices make their largest declines of far this year. hedge fund managers have been selling, pulling their bets on prices rising, with money managers trimming their net long positions by 24%. for more, i am joined by our metals and mining analyst. and a senior market strategist joins me from the floor of the cme. it's got, but start with you. why are we seeing this hedge fund selling? this isnow, a lot of bad debts and the bond market. many of these hedge funds had been short bonds looking for rising yields. with the end of the month just behind us, they had to close out positions. you know what, they really had to raise some money to pay for those positions. there is just a lot of pressure in this old market. quite frankly, now that we are below $ 1250, you look at $ 1230 as the next point down. if you break that, gold is headed probably sub $1200. there is no momentum. there's nothing going on in the gold market that tells anybody that they have to rush to get

i am julie hyman. an hour left in today's session.o the close, much steady where we have been for much of the day, a slightly higher market. last week we sell stocks fall for the first week in a month. amid -- a bit more of a downward bias, in part due to what is happening in iraq. creating a lift in the price of oil and concerned generally. in terms of what we are seeing today, utilities and energies gaining the most. financials and materials following -- falling back the most. treasury market seeing yields move higher. now seeing a turnaround. a couple of things happening to affect the perception. the imf cutting the forecast for fromrowth to two percent 2.8%. in terms of individual stocks, looking at shares of level three. buying pw to get direct connection to business customers. contente largest delivery companies. continuing with the telecom theme, black hairy due to report fiscal first-quarter earnings this thursday. analysts estimating a loss of $.26. the big question is, do the quarterly results matter that much? john butler j

julie hyman joins in. number 10, sony. the xbox one, extending a lead for a fifth month. microsoft started selling a lower priced version of its gaming device to match the 399 dollar price of the playstation 4. >> at&t will be the carrier for amazon's new smart phone, expected to be unveiled tomorrow. this is according to "the wall street journal." at&t provides wireless service to the candle the reader. newitigroup purchased headquarters in hong kong, making it the largest ever office acquisition and the city. the 21 floor office building will become citigroup's new city enter. >> solar city, the company whose agrees tos elon musk, acquire a solar technology and manufacturing company. solar city plans to open a plant in new york. terms of the deal were not disclosed. its first energy contract from the pentagon since the lifting of government sanctions imposed after the deepwater horizon disaster. the $43 million natural gas deal was the first contract in almost 18 months. >> siemens, joining with mitsubishi heavy industri

julie hyman is a senior markets correspondent. in normandyama is on the 70th anniversary of the d-day invasion. it is in remembrance of the historic they were allied forces stormed the beaches at normandy into not ci guide france. this was caught on 16 millimeter color film by an unlikely soldier. hollywood director george stevens. we wanted to share this footage with you. it is incredible. president obama spoke at a cemetery. we were in normandy with the president. right now he is having lunch with other heads of state. >> that is right. there are 17 in all. british prime minister, the german chancellor, the ukrainian president and the russian president. the president of france is , but also use this as an opportunity to try to forge some kind of peace in ukraine. withd some ceremonies president obama at the first american cemetery that was established on european soil during world war ii. the russian hosted president for a private dinner at his palace. he greeted him this morning at the state lunch. both he and president obama h

i'm julie hyman. let's take a look at where stocks are trading intraday.he record from yesterday. we continue to see a pullback after the world bank cut its global growth forecast. let's take a look at oil prices. opec tea -- keeping its production targets unchanged today. littleh center media changed. also, inventory data on oil today. and if you look at wii prices, we have had a big decline in wheat prices over the longer-term, however a bit of a rebound on speculation that it may be rekindled because of the low prices that we have seen. and sticking with the commodities, this year's el niÑo could have big invitations in soft commodities. that could affect a number of emerging companies. joining me is the director of market strategy at new edge. el niÑo is not something we are used to thinking a lot about. we've talked about global warming, about the winter and how horrible that weather was and the effect it had. and now we have to contend with el niÑo. for those who don't know, el niÑo is a warming effect in the ocean. >> yeah, warming. it is one of the

julie hyman is outside the arena. how much of this has come up during the annual meeting?uestions shareholders are asking? >> very little. it is a discussion around it. one thing that has come up is leadership and corporate governance. there is a measure on the ballot that does not have a chance of going through because of the walton family control. it would make the chairman of the board and independent position. you have all this fanfare inside and some of the talk about the sales slowing down. when it comes to that extravaganza, walmart does pull out all the stops. we had for a williams reforming. it has definitely been a big hearty. the shareholders have been very enthusiastic. you enjoyed for al -- pharell. what do you think the biggest thing that walmart needs to fix? >> some of it is macro. they need to get the traffic going again in the event it states. some of the international markets like brazil and china are having some struggles with traffic as well. those are some big issues. some of this is just a tough economy. and in they are doing it my conversations so f

julie hyman joins me..10, the electric carmaker offering its patent to any company that wants to build vehicles. opening up its patent. elon musk said that inventions on electric cars will be free for anybody to use in good faith. cracks disney -- >> disney expects global sales on its infinity videogame to reach $1 billion. >> morgan stanley is at number eight. organ family sold its independent wealth business in mumbai. number seven. facing a lawsuit claiming the company violated customers privacy rights for marketing purposes by accessing their external e-mail accounts and downloading their contact addresses. this company is trying to buy the botox maker. it is now worth less than when it attempted. valeant offered a bit and it was rejected. >> number five, general motors. it did what it does well, another recalls. 500,000 current generation chevy camaro's. the ignition system is unrelated to those used in the vehicles included in the ignition switch recall. >> number four is twitter. the biggest executi

julie hyman put it really well earlier, they have a kitchen sink approach now to recalls. they're going to recall aggressively and as many cars as they can for anything they think may be out of order. in the past we have seen recalls for small things that may not affect the safety. , 3.1 6s a real recall million vehicles they know of, with eight injuries. it is the same kind of i gnition switch problem that they recalled the vehicles at the beginning of the year for. vehicles, it will cost them $700 million. that will be a grand total of $2.3 billion that this has cost them year to date. that number will only continue to go up. ken feinberg has yet to release his findings. there were probably be calls fine orgress for a real punishment of gm like we saw in the case of toyota. criminala $1.2 billion fine for the recall issue which had to do with the excel ridder or pedal.accelerat fromhevy and follow a couple more buicks, and chevy monte carlo, it is a wide range and you can expect to see more of this from gm. they want to get as much of the out of the way as possible befor

our own julie hyman with the latest on the bidding for alstom .r father's greyhound anymore. the company is celebrating its 100th birthday. we will speak to the ceo. ♪ >> this is market makers bank." makers."s "market greyhound has been moving people around the country for years. what is their strategy to stay relevant for another 100 years? with us is the ceo. how is business? >> business is great. a 20% up in the new york market this year. >> how about nationwide? >> we are about 12% in passengers. >> how does that translate into revenue? >> revenue is up about 8%. we are working on some airline pricing strategies to get people in the bus and try our new services and our new product. >> that raises the most important question. how do you get people to want to ride the bus? >> you have to make the service relevant. big cities, lots of people moving to big cities, lots of congestion. what we are seeing from that congestion really is an opportunity for us to play a role in relieving that congestion. so what you do is you put in a whole bunch of fre

julie hyman has more on this developing story. the trading at the center of this investigation is three years old. >> it is. >> do we have any idea why it is becoming public? >> there was a lot that we don't know. we should make that clear first off. the us is coming from "the wall street journal" and "the new york times." it is interesting that they came out with the news simultaneously three years down the line. the investigation has to do with clorox,hn's offer for and offer that never ended up coming to fruition. there was a lot of activity around it and in advance of it profiting handsomely. profiting in part for phil mickelson and billy walters. it has been three years now since that happened. nothing has come of the investigation, in terms of charges being brought. itself, it is not an unusual investigation. >> not necessarily. >> what is unusual here is that we are finding out about it. >> before anyone is being charged or anything concrete is being discovered. leakn't know where the came from, why these papers are finding

more, julie hyman. leaders are using this phrase. why is it catching on?ly a way to denote stop --eriod, full president obama used it to say that the u.s. will always go after terrorists. it has been common in -- american soldiers held in captivity. it has been common in -- common in finance. we looked at various conference call transcripts and we have seen the phrases popping up a lot. >> also, the apple siri could be responsible for this? >> you can go all the way back to the 1500s when the painting press badge printing press came along and you had to figure out how to do nobody end of a sentence in a more uniform fashion and that is when the period became more common in this came out of usage. if you are having to transcribe something, having to dictate amething, so, siri is more of dictation device and it will accept either period or full stop, and some linguists are saying maybe that is one of the reasons it has been more in, and usage. -- common usage. >> we are all entertaining a headless voice on our phone. >> we are getting used to talking to a co

for more on the ipo, i spoke with julie hyman and max wolf earlier today. i started asking max my the ipo filing is so unique. >> the appearance and the marketing has always been important to alibaba. they make a lot of the money pushing ads to the platform. it is a pretty major deal to be on the nyse. >> let me ask you about that. in terms of the facebook adventure from what was almost two years ago, the new york stock exchange, it is surprising to see them getting so many technology listings. >> in talking to people at of the choice of where to list, they really set in terms of the services that the two exchanges offer, there is not necessarily substantial differences. it really does come down to reputation and status and where you want to live. the nasdaq had historically been that tech place to live. there is definitely something to be said for the safeco effect. if they're looking for the place to list, perhaps that could be one of the elements that puts them over the edge towards that stock. >> in terms of the business for alibaba, what kind of things

julie hyman joins me for a roundtable discussion on u.s. retail sales. it we begin with peter cook on capitol hill. the scramble for the leadership of the republican led house of representatives. good afternoon. kevin mccarthy is looking to move up in leadership. >> that is right. it's down to two people in terms of replacing eric cantor. it did not take long for the conversation to shift to eric cantor's loss in virginia to who would replace him as the number two. kevin mccarthy, the republican from california. pete going against sessions. he is not part of the leadership right now. he is making the case that a red state republican from the state of texas needs to have a seat at the leadership table. that is his argument. it is pretty clearly mccarthy who has the early advantage in this race. anarthy is well-liked and is affable guy. popular among the group. he is not from one of those red states. he is from california. he is popular with the business community as well. he is someone very well known in the business community. has the early edge because

let's go to julie hyman. this thing is rushing ahead. they are going to make the august offering. >> yes, the filing is just out so that appears to be confirming that indeed they are going to be listing with the new york stock exchange. this has been a battle, as you mentioned. the nyse has been gaining ground in terms of the big tech listings. it does not necessarily mean it will mean a lot to the nyse's bottom line. a prestigeefinitely play and gives them bragging rights and in terms of the ticker,f baba for the it does not just mean it is a part of the name. there is a lot of interpreting of what it is all about. there are two common interpretations of the word. one of them is eight and the other is fortune. if you look at baba, it would be gives us a hint as to when the ipo might happen. it is going to be the nyse and set of the nasdaq. >> -- instead of the nasdaq. >> i want to bring in max. this is an interesting listing, ipo filing. because of the jobs act, we have not seen the public iteration they used to be common when companies

. >> julie hyman joining us live from fayetteville. horse racing's highest achievement.e will bring you the triple crown. ♪ >> the 140 sixth running of the belmont stakes takes place on saturday. california chrome will attempt to become the first triple crown winner since 1978. president and ceo of the national thoroughbred racing joins us on bottom line. horseracing's greatest event but belmont is probably the sports's greatest challenge. aside from a longer distance than what we have in the derby, what makes the belmont so tough for triple crown hopefuls? they can taste history. but they always seem to get their heart crushed. it is the third race these horses have run in five weeks. that is a frequency you don't often see. especially in this case, california chrome will be running back for the third time in five weeks. that is a challenge in and of itself. turns,lso wider sometimes the track can get deep. of there are some challenges negotiating a bigger venue and for the jockeys. making history, what does it mean for california breeding?terms of >> you can ask five d

bloomberg is "on the markets their julie hyman is standing by.the trading action, we have not seen a big move. and nasdaq were down. now they are down less than 1/10 of 1%. very little movement after the records we have seen in recent days. we are seeing more movement on an individual basis. green mountain got a jolt in trading after a partnership with subway. put out --ing to subway is going to put thousands of singleserve brewers in their restaurants. that may help put customers in the door for breakfast. we will have more in about 30 minutes. you will get more "bottom line" next. ♪ . . >> welcome back to the second half-hour of "bloomberg. online ergo i'm ark crumpton. we turn our focus to two business development companies. a private equity firm is sponsoring its second annual trends conference at the nasdaq today. of mympanies are part gladly's overall strategy to the first choice advisory to the middle market. joe adams is the managing partner. ."lcome back to "hot online how do business development companies change or adapt to the global e

julie hyman. >> take a look at the markets today.ng a mixed picture with the nasdaq a bit higher than the dow and s&p. its forecast. we are looking at go pro again today. shares surging in their second day of trading. the company makes those cameras. byraised $427 million selling shares for $24 a piece. at the stock was already up more than 34% yesterday. also looking at dollar general. it is looking at a new seo. ceo.oking for a new the shares falling by the most in a year on that news. interesting story because there is so much consolidation in the dollar stores industry. on the markets again in 30 minutes. more "bottom line" is next. ♪ >> welcome back to "bottom line." much stuffho have to in their closet, there is now an easy way to clean them out. make money at the same time. the company has a website and then after that allows women to sell fashion items they no longer want. they can also shop of the women's closets. joining me now is pot smart ceo ceo.sh smart's i've heard a lot about this website. i've heard it mostly from me

i'm julie hyman. total -- untiln the closing session. not a very large one.n talking about intel coming out with a higher forecast that has helped sentiment to some degree. we are watching oil prices because of what is going on in iraq. nymex crude is up slightly today. it has had more of a winning week. not really indicative of the bigger move we have seen. as oil trade higher, the etf is also going up. seeing increased volume as well. with a look at how you can play those rises in oil prices in both short and long-term is our etf guru. eric, it is a tricky thing to do when you're looking at a conflict like this entering two game oil. -- to game oil. is themost liquid one uso. it is very liquid. people like it. it is slightly more tied to the u.s. market. you think about global come on one of the etf's that is not as popular that may be more --ropriate is united states it is more tied to the global markets. at this. conflict last year and -- dealing with that bm o the issues of that, that might be the best one. >> you are wanting to get less volatility, you

julie hyman has the story. the founder of the company had a colorful and very controversial year last year. >> we don't know exactly why he has been ousted. apparently there was an investigation into misconduct, possibly sexual, on the part of charney by the part of the company. whatever it revealed let american apparel to move and it moved relatively quickly because over andill be taking he has much more of a traditional sort of retail background. he was with old navy. he is a much different figure then charney who is a native of montrÉal and ended up dropping out of college and is a self-starter and someone with a very colorful history. >> he is very outspoken. he is an outspoken ceo. i remember in 2005, the infamous profile of him where he fondled himself in front of the reporter and she described it where he was very open about having sexual relationships with employees and did not see anything wrong with that. if you see the ads for american apparel, many times they are scantily clad and they have this 197

julie hyman is reporting on this. what took so long for this to happen? >> this is a fascinating story. i am happy to talk about it. i had been following his story for years as are many people interested in retail, it is crazy that he has done a wacky thing after wacky thing if not worse and has remained ceo. the reason he's being ousted is shadowed in mystery. the company has had some kind of investigation, perhaps, according to the l.a. times in regard to his behavior towards women. >> but these charges were nothing new. if this is worse than what is already out there, it has to be pretty bad. we have catalog what has been out there. in 2005 he gave an interview with a female reporter and self pleasure himself in front of her while she was conducting the interview and he also encouraged employees to self pleasure themselves in front of him, both male and female, in one story or allegation. he has been sued for sexual misconduct and the ads that you have seen a women being scantily clad, often he will do those photos and he has been open with his -- on h

julie hyman is here with more. click through rates are part of the problem, right?urth fiscal retailer -- physical retailer on the conversion rate. getting someone to actually buy something. the online cash register or physical cash register. the conversion rate is lower than the store. 70% do not end up fighting it. several reasons why. or a stir has done research and says about a third of them did all the way to the checkout and then see the shipping cost. this.ay we will not do 30% say they are just not ready to purchase or whatever reason. talkedto a consultant -- the phone rings or it the baby cries, just do not feel like you can do it at that time. compare prices. he also said there are simple things that it has taken a long time for e-commerce sites to figure out. for example, when you check out, do not ask me a million questions. do not ask me to sign up if i wanted -- do not ask me to sign up for the newsletter. do not ask me if i wanted you the product on multiple pages. >> it is missing it used to be about price. only cared about making sure they have a l

i'm julie hyman. let's take a look at where stocks are trading.e have the nasdaq leading with gains of about one third of 1%. manufacturing data is missing. that helps account for some mixed xers that we are seeing. in terms of individual stocks, mankind is on the list. biotech companies are surging after inhaled diabetes treatment received a strong approval from the fda advisory committee. mankind says it will need a partner before it launches the treatment. that partnership as well as postapproval data will be the next likely catalyst for that stock. we will be looking at the markets once again a little bit later on. "bloomberg west," will be right back. ♪ >> he's been called the start a whisper. reid hoffman is the executive chairman of linkedin i'm a and an investor in some of the most successful companies of all time, including facebook. he was and on track to be an entrepreneur. a student of philosophy, hoffman at one point pursued a career in academia. but he took his first job out of school at apple, and then joined the paypal mafia. now a

i'm julie hyman. take a look at where stocks are trading today.e a little bit of a rally overall for markets today. a look at some individual stocks as well. general mills is one. the results still missed analysts's demise. the company said it started a review of its north american manufacturing and distribution. we will have more on the markets in the next hour. ♪ >> you are watching "bloomberg west." i'm cory johnson, in for emily chang. i want to get to google. the new version of android software for smart phones, other devices being discussed in san francisco. wherelichman is live google i/o is taking place. the ceo of ever note and paul kedrosky still with us. what is the biggest thing you have seen come out of the conference today. >> it is still ongoing. the improvements to android are very exciting. there is a ton of capabilities that we want to take advantage of. >> exciting in what way? >> i believe you, but prove it. we have been huge fans of wearables. google's announcement that the new watches are coming out is fantastic. >> we notice

we begin with our senior markets correspondent julie hyman, and alibaba announcing plans to list its shares on the new york stock exchange. julie, good afternoon. >> good afternoon. there has been a heated battle between the nasdaq and nyse to win this prestigious listing which might be the largest ipo ever and certainly would be one of the largest tech listings on either of these exchanges. click the new york stock exchange has indeed won this. it is now owned by intercontinentalexchange, or ice. at $160e is estimated billion. it would be behind ipm and oracle among tech companies listed on the nyse. there is a lot of talk about the importance to either of these exchanges in winning this listing. it is more of a wrist each idea here. if you look at actual revenue it isisting fees to ice, a relatively small part of its overall revenue. so it is more of a question of bragging rights. it is also a question of, can they then market other of their services, data services, other kinds of dusting services, to alibaba? also remember that the listing fee for the company is based on the number

i'm julie hyman. the markets ended and not much movement. the imf cutting its u.s. forecast to 2%.ction did beat estimates and once again on a monday, a number of deals were announced and that helped. ♪ >> you are watching "bloomberg west," where we focus on the future of business. the san francisco giants are leveraging their relationship with the tech community both on and off the baseball field. in addition to using technology to track and improved player performance, they are keeping an eye on the recent tensions between the technology industry and local community. in part two of my interview i started by asking him how recent debates over technology and inequality have impacted the team. take a listen. we have a -- as a have a chance baseball team we have a chance to sort of take a whack at that inequality in the sense that i see our all park and ballparks around the country as kind of town centers, where people come together. three world series games i would see a hedge fund guys sitting next to 14-year-olds from the boys and girls club who happen to be at the game together.

also julie hyman. we will get news any moment about siemens did. bid foren's alstom. the bloomberg technology summit in london -- the diversity of cities like new are exactly why tech companies are drawn to do business here. >> not only does london need tech, but this is where tech wants to go. one of the reasons of the diversity of the two cities, if you're going to build products to sell to the world you need to know about the world, you need to show to the world and ask the world what you want. they live here and they live in new york more so than any other city. >> troops in the north extend over the oilfield. they're holding the fourth largest well from islamist militants. for more on the battle i am joined by elliott stockton, who is in tel aviv. of tell us about the latest on the tensions and violence over the weekend. >> the extension of the kurdish militia, as it is known to cover those oil fields to defend this front line between the semi-aton a miss kurdish region in the semi-autonomous kurdish ision in the north -- this really a direct response to what hap

the only trades you need to know about erie julie hyman joins as well. let's start with number 10. among smaller rivals, a merger to create the industry's largest company aerated is still on target for at least three-or percent organic roof. number nine is the jug maker who signed a deal with biotech to develop therapy drugs for cancer. an upfront payment of $80 million and providing funding. as itgeneral electric seeks to thwart the counterbid according to people familiar with the matter. it really does not land to raise cash proposed rights offer. >> a company cut its fourth quarter forecasts. expects 2015 to be a year of stabilization and recovery. expected's you to is to block videos not agree to be part of a plan fiction service verified this and of the labels google worked with have not signed up. class adobe, shares soaring after second order result and forecast strong and half of the year ended at it added a better than estimated 460 thousand customers for its creative cloud software. number four is general motors is eeo returns to answer questions about the automaker's ign

julie hyman has been talking to investors. traders tend to care about the numbers.estors, do they mean any and? mean something in that they have a big and momentous implication. in other words, there is a psychological effect. my colleague in bloomberg news, michael reagan, talked to a number of invest his compared it to turning 40, 50, 6 c, but it has a psychological importance of reaching big round numbers. you look at how much the s&p and the dow climbed from their lows, you can see how him orton it is to get to -- that close to the milestones. 190%.p 500 is up the dow is up about 100 and 39% kerry for the dow, the amount of time between the big triple between 50,000, 60,000, and 70,000, they have in compressed to sonics and. in some cases, it goes up and then below the milestone again. >> what is interesting is we take a look back and the s&p had a hard time going to the 1000 level there and i wonder if we will see that resistance this time? >> we could. a pullback in the next few. take a look at what we saw going back to 1997 when the essence he rose to mind 50

we want to ring in julie hyman who has been following this. he knows where to get it.here is one year now. that is how long this lasts. there can be no hostile takeover. no one shareholder can garner stakes of more than 10%. you can't build up a more sizable stake than what he has right now. he can put pressure on the board to make changes. broker ay to foster or friendly deal between family dollar and its competitors. >> what about family dollar? where do they go from here? >> they have talked about making changes at the company. >> if you are a dollar store, where can you go? >> they are not literally a dollar store. there are some stores that are literally dollar stools and it just denotes cheap basically. higher than are those at walmart and dollar general. they have talked about cutting the prices more. they are also closing 370 underperforming stores. the company has embarked on a plan to make some changes and improve the business. >> the stock went up 13% yesterday. people don't bid up the stock because they expected to improve margins by that much. all he has d

the only sauce you need to know about today, scarlet stays with us and julie hyman joins in.ding ready list shares of the company's exchange. at least $2.5 million. 20res are trading below cents. a giant step for mankind. and inhales a diabetes treatment, coming after an almost decade-long application process. >> a company is getting ready to release data on its delivery drug for my grants. the findings will be at the 56th annual meeting. >> the company's third day for publicly traded company. 31% on thursday. it closes on friday as well. >> number six is international pay shares which could encourage it -- increase 40%. the magazine said and improving global economy for its cast for stock buyback could be significantly higher. >> american apparel adopted a plan designed to prevent the ceo from -- rejected chinese request for a special shareholders meeting. number four is walter energy. the company warning it has an unsustainable level of debt. it also says it has a negative outcome. it expects the market to peak over the next 12 months. >> number three is yahoo!. the tock pr

tillie hyman has the breakdown -- julie hyman has the breakdown. are proposing with that $20 billion offer is that the cash component will be increased. they are trying to reduce the complexity and increase the attractiveness. the cash will go up by 1.2 billion euros to 8.2 billion euros. siemens is still offering to buy the gas turbine business. remember, they have a third partner. there's still that level of complexity. mitsubishi is going to hold the in a singles holding company rather than a trio. that is one thing that it is attempting to do. ge came out and said that our cash component is still higher than yours. not giving exact details. ge's offer value of remains below that. so, there is that layer of complexity. there is definitely battles her e. >> the stakes are high. what are people saying outside of this? >> it is a really tight situation here. the stakes are high and that is illustrated by the fact that jeff then melt is going to paris to meet with francoise hollande again. the ceo of siemens will also meet with hollande. one analyst

here's julie hyman. >> it is not safe to ride a motorcycle with stephanie role.stalling. near all-time highs. we are seeing little movement, despite merger activity. existing sales off of manufacturing numbers are not giving much of a boost. joining me with insight and a look at where the markets may be headed is jim struger with mkm holdings. we hit that record on friday. now things are stalling out. there are some interesting activity with the ft wide. quiet monday. a there. equity markets remain impressive. from a volatility perspective, it has been suppressed. around 14, up to almost 46 days. compare that to the 23 day average. there have been some geopolitical flareups on the world. an impressive performance across the board. our message continues to be that implied volatility makes a lot of sense to use listed options strategically. to your point about spies -- justin the etf, opening of this week's trading, some protective positions put on. 190 rises very quickly. almost $3 million. similar in july. a quick spread in the q's. that is the nasdaq 100. those

julie hyman has been following this story for us and he has -- we have been hearing about occupancy issuesany months. >> if you put it in perspective, and this is what i heard from many real estate observers and people in the industry, the first twin towers, the first big project, also had some struggles in leasing. aere has always been disconnect in manhattan between downtown and midtown in terms of the pricing, in terms of the demand. historically, lower manhattan, transportation was not as strong. you did not necessarily have workers who wanted to commute there. it was not as convenient. that has changed because transportation is much better and they're trying to improve this site in a new master plan to make it more human friendly, and not so much the old scale of the old site. there are some people who do not want to be on site at all. >> there are some legacy issues as well. >> one of the things we have been doing is cutting prices. we always see if the brand-new building is a technologically advanced building. to arday, i spoke spokesman, one of the developers and he saiding, yes, i

julie hyman has more. >> thank you. bit today following those reports that new home sales rose by the most in 22 years and consumer confidence was up in june. joining me for the options insight is mark sebastian, the chief operating officer of optionshit.com. the side with activity one could call it over the past couple of weeks that we have seen in stocks, sideways to slightly higher generally, what is the read in the options market? the vix remains relatively low. are we seeing any kind of options activity that is interesting on the various etf's? >> yes. one of the things to recognize is that in a really low volatility market, which is what we are in, we are in a historically low volatility market, the last 21 days have been the slowest in terms of volatility for the s&p 500 in the last 10 years, when we are that slow, you get these little explosions of activity. last week we saw that in utilities. when consolidated edison was seeing massive call buying, upside call buying and speculation. now we are seeing that in f

here is julie hyman. >> thank you so much. we are seeing stocks falling today.ank cut its global growth forecast, it is trading lower after record closes. bit higher.oving a joining me for the options inside is in equity derivatives strategist from baycrest. slow.x has been very even though it is moving up, it is still relatively low. are we seeing change in the future and what the pricing is for expectations of volatility? implied volatility, the expectation of future volatility, is slightly trending higher, whereas realized volatility, historical volatility, is still very low. it is good to see a little bit of volatility coming back into the market. arehe same time, we post-earnings seasons now and there will be along period of economic data that is coming up. see areally good to little bit of expectation. >> what about overall for the s&p 500 and options trading with the s&p? even though we are off the record, we are still very close isthe record to read trading in a very tight range over the past month or so. as you say, if we are in it period of low economi

hyman. julie> it is time for us to move on to the newsfeed thomas the top business stories from around the world. -- interest rates may rise. the central bank may raise sooner the markets expect. -- risingys right in mortgage debt may threaten the uk's recovery. may be off to the races. i was yesterday. liberty global and discovery communications want to buy a 49% stake in the formula one are racing series. the two sides are about $1 billion apart and how they value the company. popularity clinton's is officially slipping. according to a new bloomberg national poll, 52% of americans view her favorably, that is down from 70% a year and half ago. plus she no longer has an against support republican possibilities. >> when we come back, we could be on the verge of a civil war. iraqrenewed violence in means for countries to do business there. >> lust, who needs a bank when you have a mobile device? solutionsinancial and worried, when banking with millenial's. ons is "market makers," bloomberg televisio