david: let's go to julie hyman. lked about soybeans at an 18 month high because of what is going on down south in argentina. there has been a squeeze down there, whether reducing output. argentina is the top shipper of soybean exports. twice as much as brazil. when you have this kind of constraint, it has an effect on the price. up by 3% today. we are seeing a gain in some of the other agricultural commodities. corn prices are trading at their highest. week prices are also rising. the weatherly about in south america, but the forecast here in the united states. this has a ripple effect across the companies who service the agricultural industries. are also intocks focus today. david: thank you. up, the sales process marches on for yahoo!. a new suitor, at&t. why are they of such interest to the phone giant? that is next area --. ♪ david: this is bloomberg markets. at&t is joining the list of bidders for yahoo!. --will join verizon in the in submitting bids in the next few weeks. shery: emily chang joins us. at&t was r

julie hyman is standing by. julie: falling is languishing a little bit, but we see the recovery continue today. the dow, which was the burst performer yesterday, has been leading gains today, now up i nearly 200 points. -- the dow, which was the worst performer yesterday, has been leading gains today. value across the board, a broad-based rally. materials and energy leading as we have underlying commodities rallying. industrials, financials, consumer discretionary, technology, all those groups up by at least 1% in today's session. if you look at energy stocks, some of the percentage standards, crude oil up by more than 2%. concerns about supply disruptions in libya and nigeria. thehwestern is one of biggest percentage gains today. financials are doing well. they are raising as we see little bit of a bump up in treasuries to not a big one, but enough to see an upsurge in the financials. bank of america leading percentagewise. broad-based rallies. any hidden movers? julie: agriculture. alix steel would not say they

david: let's head to the markets desk with julie hyman. e: the plunge we have seen today related to a potential scandal involving the chief executive officer company, down 27% at at a record low, as you might imagine. an internal review found abuses tied to the sale of a loan and failure to disclose personal investment funds. leading to the departure of the founder and ceo. the company saying that $22 million of near prime loans were sold to jefferies group. jeffries later than solve them back to lending club, not apparently what the client wanted to have happen. what's also interesting about the story is who was on the board and some of these individuals who invested money into the company, including the former ceo of morgan stanley, larry summers, mary meeker, and well-known tech analysts and investors. so, this saga continues but it is creating a bit of a ripple effect across the peer-to-peer lending industry. looking at valiant pharmaceuticals again, the firstg across quarter, saying they plan to file on june 10 ahead of the july 31 dea

scarlet: let's head over to the markets desk and check in with julie hyman. a better-than-expected retail market not do much for equities. julie: you just abide buy today between the individual retailers in the retail sales numbers. they are showing different pictures of what's going on within the retail industry. individual retail showing sales letter disappointing even as the overall number does beat estimates. women mixed picture at the moment the major averages is the nasdaq is down thing but the dow imap is the the best technology group. telecom and consumer staples shares are lower, however today. retail, when you're looking at different times of retailers today, it's an interesting story. walmart and amazon, for example, we of walmart which is rising -- falling by 2%. but amazon is also down after her recent winning streak it had. walmart reports its warnings next thursday -- it's earnings next thursday to be head of that. first quarter comes could come in in line or below what analyst are estimating. declining,se stocks investments and owners are falli

let's go to the markets desk with julie hyman. rts it had signed a nondisclosure agreement with pfizer and amgen. there was a bid for the company. that was at $52.50 a share. continued to climb today. if you look at the other companies that have bid for medivation, they have an increase, too, does not seem to be specifically linked to a medivation offer. a 60 7% surge -- in fact, $10 above the offer price. this is from bloomberg intelligence. this looks at similar recent deals in the biotech industry, and particularly the analyst is focusing on the enterprise value to sale. 10.9. the analyst says if you look at 2016 sales, estimated sales, it would be priced at something like $62.70. rising, it is getting closer to that level. who will be the most likely takeover candidate, we crunched the numbers and look at the cash file companies. amgen is at $31 billion. pfizer at 23 billion dollars. we will see who will prevail. there were a number of names mentioned, too, that were not in today -- hyman, thank you so much. it is time to check

julie hyman has a look at the retailers. e are looking at the retail etf, which is falling among the most of these various sector etf's, down by nearly 2%. we have got an april sales for many of these retailers, and they are not looking good. -- the owner of victoria's secret down 11.5% after coming out with a luminary profit that missed estimates, but also talking about a 1% decline. to be veryving disappointing to investors today. some of the other companies coming out with april sales, all of them missing estimates. estimates,e missing whether they rose less than estimated or fell more than estimated, depending on the case. buckle saw a 13% decline. all of them being punished by investors in today's session. there's a ripple effect even among those that did not report anything. gap in particular, not only seeing the stock fall, we are seeing the put call ratio go up today. you are seeing the put call ratio start to pick up. that is bearish puts outweighing bullish aclls, -- calls, leading up to monday's sales report. just

first, let's go to the markets desk and a julie hyman. e holding onto the gains through this last day of the week after what had been a rocky week in the wake of the fed minutes and fed commentary about june being alive meeting in the fed perhaps moving sooner than the market was pricing in. major averages are hovering near the highs of the session. trajectory has a that had this gain early on and has now moved mostly sideways. the volume today is relatively high compared to what we have seen recently. even on the s&p 500 on the 20 a moving average. looking at the various group volume, slightly higher for financials but we are seeing a surge in volume for technology stocks and consumer staples. technology has been gaining the most today. even as stocks gain this week, we have seen an uptick in volatility of stocks, particularly versus other types of assets. and even though it's down, it has seen an up take closer to the higher over the longer-term average. we are looking at this versus bond volatility and golden oil. stock volatility has b

julie hyman has more from our report today. e: one of the worst performing groups today, this etf among the sectors fighters is the worst performance today down .9%. gold prices are pulling back once again, even though we have a picture for stocks and markets overall. prices, we are not seeing a gain there. it means at least some of the miners are under pressure. down by more than 2%. ubs is out for a forecast for gold. the federal reserve will raise rates twice and the dollar will rise as a result and that will put pressure on gold prices. there is an inverse relationship between gold and the dollar. andhave the dollar index gold prices. you can see they have been trading inversely. you start to see the dollar pickup more steam. we have seen gold come off its high. that trend could indeed continue. look at broad sentiment among folks that forecast gold prices. measure bullish and bearish sentiment, you can see things getting a little more bearish and a little less bullish in recent days on the forecast front. something else i w

shery: let's head to the markets desk julie hyman has the latest on the rally. lie: it's been gaining steam with all three averages at highs for the session. the nasdaq leading gains. as i mentioned earlier, we are pending this rally on the changing perception of what the fed is going to do in terms of raising rates. we've not seen news since yesterday on that front. it is not only a steep rally, but a broad-based rally. that means the s&p 500 is now in the green for the month. ifay may salvage the month this rally does continue for the next several days. it has been a very tight range for the s&p 500 over the course of the month by about 50 points. that is unusual and a low bit different than what we had seen in april. giving back to today's session, we have all green on this wheel. that does not happen very often here. technology is helping lead the games along with the financials today. we are also seeing a big lift and health care industrials and consumer discretionary. it back to the cyclical oriented or economic sensitive stocks. they have been rising this

julie hyman has a check of the individual movers and our mistry stock. investors are eating their hearts content. match.com -- the spoiler alert from earlier on. earnings came in above estimates and revenue beat estimates largely thanks to tender, a , passingy that scored one million paid members. it also owns match.com. lot of growth came from plenty that itand tender, so affected their revenue per user, but overall, the revenue went higher. you can see how match has traded and today's gain put it above that price of $12. want to bring some headlines from the stone conference -- jim chanos, the sellerort -- noted short reiterated his short of alibaba and expanded in an interview, saying he is heading against china and says alibaba has no free cash flow and he is shorting the company for accounting reasons. lower. see shares moving but thate decline company reports its earnings tomorrow. he is talkingany about is valiant. he was expanding upon it in an interview on cnbc and said the pro forma on this company is misleading. these are reiteration's of shor

let's head to julie hyman for a check on some individual movers. e a look at what is going on with gold prices. we see a continued pullback in the price of gold. we see sentiment turning we seet more bearish as the forecast for the federal reserve to raise rates more times than people were expecting. -- is the latest example bullion will be at $1150 announced by the end of the year and the fed will raise rates twice and the dollar will rise as a result in that will put pressure on gold prices. inversely dollar move and that has given gold a boost so far this year. has -- gold prices have moved up as the dollar has moved down. one of the cool things you can look at is the commodity price forecast. this is a measure of sentiment. sentiment is bearish in terms of the sentence -- the sentiment we are getting from commodity analysts. alix: thank you so much. scarlet: investors should brace for a selloff in chinese stocks as investors shut down for a holiday weekend. says chinanalyst shares would fall below 7500. basis did on an intraday in mid february.

julie hyman has your market check. looks like markets will close it just about the highs of the session. stocks have been rising through the day and the nasdaq is broken above 2% for the day. the down about 223 point here, as investors look at the prospect of higher interest rates and are not too frightened by it, because it appears to be underpinned by better economic data. sales the latest today to rise to the highest since 2008 -- new home sales the latest today to rise to the highest since 2008. look the advanced decline number. it looks at the stocks rising versus falling. it is the biggest one-day gain for the major averages since march 11. you have the steepness of the advance and the breath going for 10 look at the bloomberg, another way to measure it is looking at the imat. all the groups are in the green. it is a broad-based rally. all the groups in the s&p 500 are higher. big-cap technology has been part of it. if the economy is doing better, this is a group that is poised to benefit. microsoft getting an ext

with go to the markets ask julie hyman. rt with lending club which has been seeing a sharp tumble again today. it's off more than 50% this week. this is after the company said investors have suspended purchases of its loans. it's appear to lenders so if you don't have someone on the other side of that loan, it's not good news. it says it received a department of justice subpoena related to the recent events surrounding the departure of its founder and ceo. the shares are now down by 10%. going in the other direction, we are watching pandora. analyst isund pressing the company's management to explore a sale saying the company has not been able to boost returns for shareholders even though it has a great product. the investor also disclosed about a 10% stake in the shares and derivatives. the shares are up by 6%. going back in the down direction, red robin torme burgers, worst one-day decline in about nine months. the company cut its revenue forecast and scaled-back expansion plan saying revenue will only grow 8% this year but

let's get a check of the markets with julie hyman. low volume was a hallmark of trading. we are seeing that again. julie: you get low volume in the summer months. it is about 14% low the average. you can see there is not a lot of movement in terms of one direction or another. the dow is pretty deeply in the red. the s&p is not falling nearly as much. we have this recalibration of what the fed may do. they may raise in june or july. the personal spending data is coming out ahead of estimates. leadingstops have been gains. consumer staples are lagging today. that is a counterbalance that we are seeing. let's check in on the first word news. taylor riggs has more. taylor: president obama is being pressed to speed up efforts to help syrian refugees. the administration had promised to resettle 10,000 refugees. eight months after the program started, only 2500 have an admitted. jerry brown is endorsing hillary clinton for president. brown says he believes clinton has the best shot at stopping donald trump. says while he is impressed with how well bernie sanders is done, he belie

alix: let's go over to the markets desk and julie hyman. the blame for thinking monsanto recently opened. alix: so did i. julie: let's take a look at what's going on in the broader market. there is a significant rally today. all three major averages are hovering near their highs of the session. that out jones is up 221 points and not only is it a steep rally but the breadth of the rally is broad. advance/timeline look like it's the highest it has been since march 11. it isr way to look at using imap. you will see everything here is green and everything here is higher and not just by a little bit. telecom stocks are up the least but technology and financials have been the two groups that have been leading the charge today. we have seen this correlation between the financials and bond yields moving higher all year. where you look at groups versus one another. you have what has been going on with bond yields and this is the bkx which is banking stocks and they have moved in tandem. upwe see the bond yields go on this increased perception of the

thery: let's head to markets desk where julie hyman has the latest. how are we seeing the market today? julie: still holding up pretty well at study with the gains here with all the major averages continuing their upward climb. the dow jones leading the gains up by 160 point. the groups on the move, we see financials lead the pack again. have seen these bank stocks rally along with bond yields and this perception that the u.s. economy is improving. we don't have a big economic report like yesterday but energy is hanging onto gains as we see oil prices fluctuate in the wake of that inventories report. hpcentage wise, we've got enterprise on the deal to spin off the enterprise part of the deal. transocean rising as oil prices continue to rise even as they are fluctuating. has beene energy gaining as well. let's take a look at oil after that inventories report. it has paired some of its earlier advance. we spoke to an oil analyst about the good and the ad in reports and it was a larger than estimated drawdown in crude reports. we did see a build in gasoli

we want to head to the markets with julie hyman. julie:

let's head over to julie hyman who has been tracking the moves. julie: we have seen the stocks trading in a pretty tight range today. it feels as though they are waiting more direction. that said, stocks are new the highs of the day. earlier, we were offering -- we were saying major averages trade lower. on the plus side, we have the financials, which have been writing today along with technology. on the downside, consumer staples and consumer discretionary. apple is one of the stocks on the rise today. tony over a bernstein says the company could reach a trillion dollars in market cap if it shifts toward a subscription services type of model where people will pay a monthly fee for their iphone and other apple services rather than one lump sum for the iphone of front and so an interesting call and the stock is trading in the obit higher. we are watching the banks trade higher. they have been going up along with rates today. that is treasury yields on this outlook. perhaps some insight in the fed minutes that we will see in interest-rate sooner rath

julie hyman, how are stocks holding up? julie: relatively well. janet yellen is not derailing the rally, small though it was. we have pretty much made a round trip to where we were before she made her comments about interest rates potentially going up at some point this year. there had been some expectation going into her comments that she might be more dovish. basically, with that more dovish commentary, that created a market reaction. if you look at volume on the bloomberg, it is definitely down. down, in fact, more than 25%. you see various groups on the s&p 500 and the drop in volume. from harvard interviewing janet yellen made a good economy joke, saying there were investors delaying their private jets to the hamptons because they wanted to hear what she had to say. the stocks contributing to most of the gains today, google on the rise after a victory over oracle in court yesterday and a dispute over the origins of android. verizon gaining after news that it came to an agreement with unions, and microsoft participating in the game. , apple is

scarlet: julie hyman has been tracking some m&a for us. s been a big subject of discussion today after bloomberg news reported that bayer of germany may be interested in acquiring the company, creating the world's largest supplier of seeds and chemicals. monsanto has been rising today. bayer fell by about 5%. in terms of relative size, we are talking about a $40 billion company in the case of monsanto $96 million in the case of bayer . also a report yesterday that basf may be interested in making a bid form on center as well. interesting to see how this evolves. speaking of takeovers, infoblox received an offer to go public. the offer a prayer of the coming from thoma bravo, a tech focused equity firm. they are hiring advisers to study their options. shares are up 20%. finally, we are also watching annenextera energy. shares up by 1.3%. scarlet: thank you. we will be speaking later about how dealmaking has gone from boom to what feels like a bust this year. alix: is can best financial system more risky than reputation would have it? they ar

julie hyman has latest. julie: we have gone on a round-trip today for the major averages. we are near the highs of the session. the nasdaq still remains in the red head but considering the earlier it was down more than by 1%. take a look at the groups on the move. we still have technology in the red. care has been lagging. tech just barely in the red. materials, consumer staples, utilities are leading some of the gains here. look, ifnted to take a i may, at what is going on with oil. because we have also seen the s&p track very closely today with oil prices. white yellow, the s&p in and you can see clearly what is going on. around and made a round-trip. so have oil prices there are concerns about supply constraints in nigeria. but supply in canada has been coming back online. that has been pushing oil around today. in the most toe gains, we've got microsoft higher, exxon mobil also rising with the rebound in oil prices. and amazon.com on a five-day winning streak at this point. percentagewise, some of the winners we're looking at today tied to news include monsanto, which

alix: julie hyman has the latest. p of this is some people have already taken their helicopters to the hamptons. trading volume today is already quite then. any moves you might otherwise see can be exacerbated in some cases, exaggerated in some cases. if you look at stocks right now, we're pretty much where we were before she began speaking. maybe a little bit smaller a rally in today's session. take a look at the s&p 500 intraday, you will see the movie are talking about here. a little bit of movement down on her talking about emphasizing the idea that june could be on the table, yes we could see more hikes this year. when the expectation by some was that she might to the opposite. said theye capital thought she would be more dovish, and that was not correct. a little bit of a zigzag in stocks. if you look at what's going on with rates, with the treasuries, we are seeing more dramatic of a move. one that also had more staying power. this uptick, although the magnitude is small, still at 1.85%, the same goes for the tw

let's go to julie hyman with the latest. julie: i wanted to mention a headline on consumer borrowing. fastestin march at the pace since november 2001. $29.7 billion. os and credit autio card debt going up. all three major averages rising to the heights of the session. take a look at the trajectory of the s&p 500. it has been all over the place. futures, andine in then we had stocks bouncing around for much of the session, going green around 2:00 p.m. the dow was the first to make that move. to weigh whatng exactly the jobs report means and it looks like not really coming up with a unanimous decision. if you look at what is contributing to gains right now, you've got amazon bouncing back from some declines to past few days. facebook rising and alphabet. also if you look on the flipside, what is dragging the most, we've got apple going down . it has been almost a straight down the line going back several weeks for apple. walgreensalling and as a. aer to commodities, we've got gain in oil prices. fires in canada are cutting prod

julie hyman made reference to those canadian wildfires. the prime minister land and inform them are he to assess the damage. the flames and smoke forced the evacuation of war than 88,000 capital. the oilsands he arrived almost two weeks after the wildfire ignited tearing through the alberta town and surrounding areas causing several oilsands operations to shut down. dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus around the world. are talking about retail sales in the month of april. that is the biggest gain in a year and wholesale prices rising. the consumer price index gaining point two of 1%. will data influence the fed is a gets ready for its june meeting? here to talk about that is jim o'sullivan. nice to have you here. the data points, retail sales forecast. economist what does that tell you? jim: that helps the case for gdp growth bouncing back after the pace in q1. it is consistent with total real consumer spending. for consumerter 2% spending. this is not the only report that matters but it cert

julie hyman has been tracking the latest, including the implications of oil passes rally. tions for at least today when it comes to stocks. we see a rally in part because of the strength and energy though we are seeing industrials and other shares doing well today. technology is also part of the story. .ur -- all three major averages we see a study trend up through the morning. we reached the highs of the day and then we have stayed there. we will have more on that in about 10 minutes. ,il is part of the story goldman sachs upping -- saying they underestimated how long it took the deficit to come back to the oil market in terms of supply. you see oil at 4756 per barrel. this is a commodity price forecasts, the consensus forecast. forward on current oil. here is the fourth quarter of 2016 and where we are seeing oil prices, around $50 per barrel, just shy. the forecasts are a little below that for the fourth quarter of the year end then they start to trend upward. we are still seeing a consensus for oil prices a little below $50 per barrel is -- by the end of the year. it do

julie hyman has the latest on more economic numbers. julie: it has been a busy morning. the i.s. service report coming out at 55.7. that is higher than what was estimated. services is the largest part of the u.s. the economy. factories up 1.1%. a little a revision bit lower in the prior month in february of 1.9 percent decline. i am looking at durable goods orders with a gain of .801%, in line with estimates and transportation falling .2 of 1%, which is worse than had been themated, but it looks like numbers are coming out better than analysts had anticipated. the other big economic report of the morning has been next. adp employment report showing a smaller than estimated gain in employment. perhaps the precursor to friday's report but there is not always correlation between the two. productivity falling 1%, even as the unit labor cost rose by 3.1%, so there has been a lot to digest this morning for investors. overall, we are still seeing this concern over global growth with a scenario coming back into play in the markets. that said, all averages are already up off of the early

those shares are being estimate. >> think so much, julie hyman. much more coming up after the break. overall, the dallas of the and the nasdaq off by 1%. we will be right back. julie: stocks under pressure today. we can earnings, tepid growth in the u.s. as well as china. take a look at what we have seen and stocks of the bloomberg. volatility for the s&p, the green line is a 1% swing from open to close. we saw a relatively subdued trading in march and april, but starting to pick up right now and may. for more on what is leading the market jitters, gabrielle is a global market strategist at j.p. morgan asset management and joins me now. why the discontent? >> overnight, the big piece of news we got was the chinese pmi manufacturing service coming in a little weaker than expected. that affecting the commodity complex. i think more than that, it is a period of digestion. we have come a long way since the bottom, february 11 for the s&p. we expect this one in market takes a breather. look at take a emerging-market currencies and stocks, getting hit ha

let's head back to julie hyman for more on some of the big stock movers this morning. lie: a lot of it having to do with him and a activity -- in the day -- m&a activity. connect raising its offer for tribune to $15 a share. tribune shares are rising getting a significant lift. tribune previously rebuffed gun annett's overtures. adopted a poison pill plan to defend against acquisition. gannett shares not much changed. one of the few deals done during the turmoil within energy, range it inces to grind to buy the $3.3 billion all stock deal. .75 a share is where decided. they're using more valuable currency to acquire this company. range resources getting additional properties in northern louisiana as part of this deal. becauseooking at this they have agreed to buy the lifting gear business for $1.3 billion. shares are doing well today and this paves or clears the way for zoom line of china to buy the rest of it aside from the lifting gear business. matt: thanks very much. julie hyman with your look at the markets. still ahead, we are staying on him and a -- m&a. pfizer i

i am betty liu. 10 minutes closing of the session hybrid julie hyman has more in your markets check. e stocks closing of the highs, it looks like, and if you are a bull, that would be encouraging to you, one would think. the dow in particular of nearly 217 points. we have seen the rally just build and build and build throughout the day. the s&p 500 has continued to come if highs steadily you look at the intraday chart. that has been happening through the course of the day. pretty gradual but straight line upwards here. not seeing any hiccups, really, in the rally throughout the day. the rally we have seen through the past three days for the s&p 500 has sparked a new record high with big movers in the s&p 500. which we were just talking about is at a record today. about $700. facebook also rising to a record today. pepsi-cola and mcdonald's, as the company continues with its turnaround. we have other records to talk about as well, whether you are looking at kraft heinz, austria, and lockheed martin, certify -- sort of a diverse group of different stocks at that level. there is one stoc

let's head back to the markets desk where julie hyman has a deeper check into lending club shares whichre nosediving. julie: we are looking at the broader markets as well. let me start there. all three major averages are pulling back by about one third of 1%. a consumer staple and more value stocks, perhaps, are doing a microsoft,worse so png, and coke are some of the worst performers with the biggest drag on major averages. another one that falls into that category is abbvie. the u.s. patent offers said the patent on humira may be invalid. this is their largest selling drug that accounts for about 60% of its revenue. the company that is challenging it is surging. this is something according to abbvie that was already talked about in the patent review, the challenge to it. it is dismissing this as invalid but we will see if there are any more developments regarding this . a lot of news in retail today, home depot, there are some concerns about flowing growth for the balance of the year. the shares are down 2% despite what was a stellar first-quarter. tjx holding up well, corporal sales

let's head over to the markets desk where julie hyman has the latest on what is going on with equities a look at other stocks moving on earnings today. julie: the 3-d printing company came out with numbers. in particular, revenue fell by 5%. a bigger drop than estimated. shares down about 3%. the company has been trying to shift its strategy. it is trying to cater more to corporate clients. it has been trying to execute this turnaround for quite some time. shares are up more than 50% year to date. there is relatively high short interest, although it has come down. look at short interest. you have the stock price and short interest ratio. as the stock has climbed this year, we have seen some shorts get squeezed out. of sharesbout 24% floated are sold short which is a relatively elevated level. another company we are watching is activision's blizzard. first quarter profits almost double what analysts were projecting because of the acquisition of king digital. benefiting from online sales in particular. the forecast for the second quarter also above estimates. those shares up nearly 8%. t

julie hyman is standing by. ing a little bit, but we see the recovery continue today. the dow, which was the burst performer yesterday, has been leading gain

julie hyman has more. you have more of what is going on at the conference. t of provocative comments, and you were just gundlach.bout jeff talking about preparing for a trump presidency. i was e-mailing with some of the reporters there, and it was not clear if it was in a good way or a bad way. he just said prepare for it. on the investment front, he criticized the negative interest rate regime and method and said low and negative interest rates have not been effective. -- effective. he is talking about the utilities -- the sl you -- the utilities etf. he says you should short this etf and look at mortgage rates instead. if you look at that mortgage up. etf, it saw a it is up number 1% today. why is he making these calls? these are groups that benefit when our low interest rates, and he says normally they are correlated. here is a similar chart what he brought up at the conference. these are the same etf's. the mortgage one is down here. the utility one is down -- up here. usually, the correlation is closer, but because utilities pay higher dividends, for exa

scarlet: let's go to the markets desk with julie hyman. looking at a retailing consumer because we have earnings news out today. limited brands has preliminary profit that missed analysts estimates. it talked about victoria's secret comparable sales in april which fell 1%. analysts anticipated again in the shares are down by nearly 10%. we are seeing a general decline and other retailers. if you look at the spread between different kinds of specialty retailers like gap in urban outfitters and clothing manufacturers on the gap and look at its put/ca;ll ratio that is going into monday's report of comparable sales for the month of april. the company tends to give preliminary numbers for its earnings. the full earnings report is out on may 19. the ratio has been rising going into the report. in consumer related stocks, we're watching whole holds and sprout which is their smaller competitor. whole foods had earnings that beat estimates largely because it is cutting costs. sprout is seeing that the coin in sales. the comparable sales are falling

attend to the markets desk, where julie hyman has the latest. julie: ok

let's check in with julie hyman. what does it look like right now? julie: although a lot of investors did not expect janet yellen to make any comments, there were some with a more dovish tone. some were expecting a more dovish tone, and she did not deliver that dovish tone. she has been saying more of what we've been hearing from federal reserve officials, that june is on the table, that may be the market is not pricing and effectively the number of expected interest rates. stocks across the board are still higher, but not as high as when she began speaking. nonetheless, holding up relatively well. as they have for the past week or so in the face of this changing sentiment. take a look at treasuries as well. an increasing yields, particularly on the shorter end of the her. curve. we are also watching the u.s. dollar. .05 percent. we also want to take at w.a.r. t on the bloomberg. t on the bloomberg. an increase of two percentage began since before she talking. at one point, it was fluctuating a little bit above that level. shery: what about individual

shery: julie hyman has a check on some company movers. lie: a lot of deals that have great plainsd -- energy buying westar energy for billion.lion -- $8.6 we've seen a lot of futility deals in the past year. this is the latest in that streak we have seen. there's been a flattening of electricity demand. that's why we've seen a lot of these companies teaming up. , jazz agreeing tobuy celator to get access an experimental cancer treatment. jazz down, but not down by that much. the maker of marketing software being acquired by vista equity partners. $1.79 billion. been analysts today coming out and saying there might be a competing bid for this company from a giant like microsoft or sap. some kind of acquisition of the company has been rumored for quite some time. still, quite a pop. , how dotill ahead advances in artificial intelligence could lead to janet yellen competing with a machine. that is next. ♪ david: artificial intelligence could be a disruptive force in more areas, including a central banks shery:. you can read about it in the la

attend to the markets desk, where julie hyman has the latest. lie: looking at the latest volume figures for the s&p 500 75% from the 20 day average. not much price movement, and not as much participation on the part of investors are traitors. all three are in the green. the dow and the nasdaq are up, 2/10 of 1% each. after the gain that we saw last recalibration of investor expectations for a aseral reserve rate hike, well as hearing from some fed speakers. groups on the move, material solidly in the top spot throughout the session today. you don't see any movement of 1% or more. utilities and telecoms pulling back the most. of a changing landscape here as we head into the afternoon. stocks we have been watching, viacom has been experiencing a lot of drama. cvs, not moving much, but a developing battle going on. sumner redstone controls the company. both of them vying for control at this point. suing to block that. the redstone family is asking for that to be confirmed. it is sort of a back-and-forth situation that is continuing. just a note, tho

let's go to the market desk where julie hyman is looking at the corporate movers. lie: a lot of them having to do with earnings. : minera earnings after the close of trading. --: minera earnings after the close of trading's pretty can see shares plunging by 12%. by 7%.ore sales fell old navy was down 10% incomparable terms in april, 2.6% increase is what analysts estimated. i used our bloomberg intelligence tools to look at comparable sales for the three chains, banana republic in blue am in orange, gap in white. old navy was the only one holding of well for a while. that has changed as the lowest price of the three chains has turned to the downside. speaking of declines, solar city shares almost 25% as the company pulled back its installation time ins for the third seven months, and announced a new loan program for residential solar customers. it led one estimate to say "what is solar city?" confusing. is you are changing your business model, what are you doing as the company has introduced different finance packages for customers as it has changed the installation

the than one hour from close of trading, let's head the market desk where julie hyman has the latest,tarting with oil. julie: yes. an hour or so of trading. lower.ces are they were higher by 1%. approaching and broaching the $50 level. it got close in the past hour or so and then fell want again. in addition to the technical level, commentary from around the world were supply has been constrained. in nigerian oil minister saying it is too early, that oil has made a recovery. the latest on the alberta saying they are going to start to bring people back into that. various headlines, it really does look like $50 per barrel. look at the major averages. they have fallen over. all three have fallen in the red. the nasdaq has been a holdout and now no longer. the s&p is deeply in the red. the dow has in lagging. take a look on the bloomberg here. the sectors on the move, energy, the worst-performing group. really coming from oil prices, consumer staples also today. this is coming in the face of what looks like positive economic data earlier this morning. big-time gainers, how does that work?

julie hyman has the check on the latest moves. lie: it is funny that we are sentimental now about the old euro notes. cbs was higher and has been giving it those gains, even after the company reported first-quarter results that beat analyst forecasts, partially on the strength of viewership for things like the super bowl and the grammys. sales overall were of 10%. the company's broadcast network performed well as well. seemed totrends that benefit cbs's rivals as well. time warner above what estimated. turner cable unit, including tnt and tbs, up 7.2%. here we see a chairman of the gains from earlier in the session. msg networks also benefiting from these trends, and the company reporting earnings that beat estimates because of ad and affiliate revenue, nation. finally, in a different part of the industry, live nation, the concert company, that company out ahead of estimates. it reported a loss that was slightly smaller than estimated and had a 10% jump in sales in its concert unit. in itsexceptionally well secondary unit. vonnie:

julie hyman has a latest. julie: we might be three in a row down.hat is what we could be looking at today. we have stocks little changed here. but they opened up higher and then gave up those gains. so this would be a three-day streak, the worst losing streak, the longest losing streak going back to early february. if you look at the s&p 500, you can see that your directory threat the course of the day, where they opened up higher and then went lower as the day went on. kind of made an attempt to recovery but couldn't quite make it there. we've got a lot of different sentiment indicators that are still negative on stocks as we close out earnings season. look at some of the biggest drives on the s&p 500 at the moment. there is a mix of earnings and not in apple, for example, falling for the 10th session in the past 11. this mammoth earnings losing streak that the stock has been on. it is still training near a record high, but hasn't been able to get there. merck coming out with sales and missed estimates. and l brands reporting pulmonary profits belo

julie hyman has the latest. lie: i want to check on a stock we have been watching lately following -- falling once again. lending club shares down about .hat -- down about 7.5% the company says it received a subpoena from the department of justice looking into the departure of its ceo and founder and the circumstances surrounding his departure. was there anything untoward. the company also said investors have been pulling back from buying loans so the stock was down more sharply in the premarket, now down only 7%. really it has collapsed and you have been watching this story as well. matt: i have. i'm looking -- i pulled up the short interest function which of sure you know very well. if you click on the third tab, you can see how much the borrowing costs have gone up for lending club shares. looking at a gain of something costs forn borrowing lending club. a massive again. i think it's very interesting because if you want to borrow these shares is going to cost you a pretty penny. julie: that's because the share

let's cut to the market desk for julie hyman with a closer look at the economic news coming out thisorning, including consumer confidence. 92.6 is the consumer confidence index number coming out for may. by6 uses 96.1 estimated economists. lower than estimated. we have a lot of data, including the case schiller number and a personal spending increase that was the largest we have seen in seven months. we have been seeing strength in some of the economic data. that seems to be feeding into the narrative that the fed could move in june or july. change in stocks. the s&p and nasdaq were higher, but not huge gains and the dow is lower by four points. not moving on the consumer confidence data. aregroups on the move, we seeing more gains and losses in terms of the sectors in the s&p 500. telecom doing the best, followed by energy and utility. discretionary with consumer are doing the worst. apple is in focus after the rebound that the stock has been experiencing. up 11% since a low on may 12. that was the lowest since june 2014. it is slightly lower today. it is only down 1/10 of 1%. that

let's head to julie hyman who has the latest. julie: we are seeing a little bit of a bounce back to we are not say much magnitude in terms of percentage gains across the board. for major most averages. following on the today decline that was the largest since early february. to be what wears are seeing here. earnings continue to play into the equation. if you look at the stocks gaining on earnings use, first quarter results they're beating analysts estimates and also a 1.5 lien dollar buyback. chesapeake, you can see one of those volatile energy stocks we are tracking. said it signed a deal to sell its oklahoma drilling rights for $470 million. ,raft heinz coming out expanding beyond catch up to mustard and barbecue sauce. that helps boost sales. alibaba also rising after that posted a 45% in revenue. trip advisor following on the heels of priceline yesterday but the shares have turned around despite missing estimates. meeting estimates despite a not optimistic forecast. shares are plunging and that company policies short of estim

julie hyman has the market check. ill take a short-term look today and then look longer term not much is happening today overall in the market. by ms. lower than the 20 day average. -- volume is lower. stocks are not moving very much, the dow slightly higher and the other averages slightly lower. the nasdaq pretty much unchanged. it's now one year since the s&p 500 made its record close. that was may 21 of last year. since then stocks are down about 4%. we made a few attempts to get back to that record and it has not quite materialized. longestone of the standing runs without a new record for the s&p 500. days which ties the street back in 1995. days duringwas 361 a bull market. i went back and crunched some of the numbers to see index point wise what were the biggest gains and losses. , we have apple which is not had a very strong past year. kindergarten falling along with oil prices and gilead sciences also participating in a pullback we saw in biotech. on the plus side, we had amazon.com which had quite a run and fa

julie hyman has the latest. the market continues its fall a bit lower. julie: the s&p and the dow heading more towards their lows of the session. the nasdaq just flipping into unchanged. on my bloomberg, i'm seeing it up a bit. we will have to check those numbers. init of a decline overall sentiment, which is already been poor. retail is continuing to be a part of that conversation, even though the overall retail sales number coming in above sentiment, mostly having to do with online sales. nordstrom's falling sharply, the company cutting its annual forecast in terms of sales growth. it is looking for 2.5-4 .5%. to changes in spending patterns among customers. customers looking for lower prices. dillards missed estimates, but they are now rising. flipping over to unchanged even after that company's revenue trailed analyst estimates as well. gies we have yet to hear from, walmart. the company's first order comparable sales appear in line to slightly below consensus. -- first quarter comparable sales. we are looking at other areas creating downward pressure

i want to head to the markets desk where bloomberg's julie hyman has the latest. the decline of the inventory numbers we saw for oil. julie: stocks are sort of bouncing between gains and losses. the nasdaq remains in the green, but the dow and s&p, little changed. maybe that will change after this afternoon's fed minutes. take a look at the bloomberg for the imap. we have a pretty direct split between red and green. care financials, health are trading higher. financials getting a boost as we see bond yields move higher. on the downside, consumer staples and discretionary shares leading declines, and that's because of target earnings. missedore sales estimates. its losses are accelerating here in terms of the stock, now down by 10%. the biggest one-day decline in about seven years. walmart, which reports tomorrow, down. costco down as well. says there is an opportunity for the company to enact a subscription model that people might be more willing to pay, say $30 a month, instead of one big, upfront some to -- sm an iphone.o buy this is something we have seen others

vonnie: let's go to the market desk with julie hyman.oming offks are their highs today and we should point out that one of the movers constraining any gains is apple. the shares are falling to their lowest in nearly two years since june of 2014. recent losinga streak along with the rest of stocks as they moved down 1.6%. market capking its advantage over at-bat -- over alphabet. honeywell plant to spend -- spinoff its chemical business early next year. ix.will be called advanc there is no impact on financial guidance. this company makes a polymer resin used to engineer plastics, and fibers. thatmake plastic packaging goes on different types of products. the shares are not doing much of the moment but were up earlier in the day after this was announced. we have been talking about che nere energy. ere new ceo replaces neil she who was there on an interim basis after the former ceo was ousted. carl icone investor was the biggest shareholder inset in the past that he thought the former ceo was not taking the company on the right to. he says

let's head to the markets desk where julie hyman has a look at where investors are putting their money. much and stocks. after we got retail sales numbers earlier, we're just getting university of michigan consumer's been a, better than estimated like the retail sales were better than estimated, coming in at 95.8. expectations better than estimated, 87.5. when you look at the retail sales number, that defied expectations as well. even if you back out cars and gasoline, a cayman better than estimated. a lot of that strength because of non-store retailers. because of e-commerce. that number includes catalog and direct mail sales. nonetheless, it looks like e-commerce, and -- accounted for each some of these strengths. a bit of a muddling along to end the week. take a look at the groups on the move. technology a strong, only at .4%. consumer discretionary leading the losses, because as betty mentioned, we do have individual retailers out of disappointing numbers, despite the headline number coming in. and beating estimates. energy also lagging today, down 131%. wanted to check on apple an