fifth straight down day for the dow we haven't seen five down days since last march a year ago mark and nasdaq is down for the fourth day in a row and your other numbers will be right back. lemme warhawks selling you on the idea that dropping bombs brings pennies to the chicken hawks forcing you to fight the battles they don't believe the new socks credits tell you that celebrity gossip and tabloid bias files are the most important news today. off of advertising telling you are not cool enough to fight their product. these are the hawks that we along with our audience will watch. elliston is getting international recognition with the help of israel at least in the world of zoos. dismiss it as you like and. this is my complicity is going to sunday i'll meet you there. john tell me. the only palestinians who gets the most help from it's to restore the counterparts i don't think of those who are under the vision there are no one who could do this . and that's to sell off your therapist you have to this lady of the muscle that you had i don't know if you compete in the doesn't seem to do more. com

fifth straight down day for the dow we haven't seen five down days since last march a year ago mark and nasdaq is down for the fourth day in a row and your other numbers will be right back. and is getting international recognition with the help of israel at least in the world of zoos i'm in build a commission to do it like you know. this is my complicity is going up on sunday oh maybe you know john. the only palestinians who gets the most help from his to swim counterparts i don't think there's some of those who were on the commission didn't know who could do this. and the with the zoloft if not as to how to display any of the muscle that you have i'm going to continue muslims you know do more in the middle sauced them but there's no. welcome back the united kingdom is considering new legislation to require companies to publish what they pay chief executives and compare that pay to the median pay for the rest of the workforce the move is in reaction to recent studies about average wages at u.k. firms which kept secret the largest company salaries of that of chief executive officers the effort

fifth straight down day for the dow we haven't seen five down days since last march a year ago mark and nasdaq is down for the fourth day in a row and your other numbers will be right back. and is getting international recognition with the help of israel at least in the world of suze a member of the commission to do it looking like you know. this isn't like complicity just going up on sunday oh maybe. they're old john you tell me they should be the only palestinians who gets the most help from it's to restore the counterparts i don't think this is about those who in the world under the old regime didn't know when to do this. and that is unfair that you have to this lady of the muscle that you have i don't know if you can do it. in the doesn't seem to do one the most awesome companies often. applied for many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super money billionaire owners and spending sure didn't twenty million and one player. it's an experience

fifth straight down day for the dow we haven't seen five down days since last march a year ago mark and nasdaq is down for the fourth day in a row and your other numbers will be right back. join me every thursday on the alex i'm i'm sure and i'll be speaking to guest of the world of politics school business i'm show business i'll see you then. seemed wrong. roles just don't call. me old yet to stamp out these days comes out today and in detroit equals betrayal. when so many find themselves worlds apart we choose to look for common ground. welcome back the united kingdom is considering new legislation to require companies to publish what they pay chief executives and compare that pay to the median pay for the rest of the workforce the move is in reaction to recent studies about average wages at u.k. firms which kept secret the largest company salaries of that of chief executive officers the effort is part of an increase corporate responsibility move which spells out inappropriate business behavior in the continuing wake of the financial crisis corporate boards will also be required to provide p

and the nasdaq is up more than a 10th of 1%. looks like mark zuckerberg is about to speak again. >> i want to make sure there is appropriate attention on how the platform of facebook and even other platforms -- you mentioned it a little bit -- how you help us in this country keep our country safe from terrorists. i talked with lots of people who actually continue to remain very concerned about recruitment of their younger family members and now we are seeing around the globe and has recruitment of women as well to join terrorist organizations. i am very concerned, and a former u.s. attorney, and when 9/11 happened, facebook didn't exist. since the evolution after 9/11, we note that al qaeda and isis have used social media like we could not have imagined. can you please talk about -- and then you talked about the fact if there is content that is objectionable or a danger that people report it to you. what if they don't? what if everybody assumes it is being reported to you? i need you to assure us and a mac and american people, but is facebook's

s&p almost at the 2% plus mark, and the nasdaq is there, gaining 135 points. >>> apple is announcing y renewable energy including retail stores and corporate headquarters. most of the green power is coming from solar. the new headquarters in our area is covered with supercells, and it's helping suppliers to power all apple production with 100% clean energy. >>> tonight the santa clara county supervisors will hold the first of three meetings to discuss the affordable housing crisis. a family of four cannot afford a home in the county with the real estate prices out of control, and rent has increased by nearly a third in the last 5 years, and that means teachers, retail workers, and other people are being priced out of the area. tonight's public meeting beginning at 6:00 at the palo alto center. >>> uber is buying the bike company jump. users can ride bikes around town and then lock them at certain stands. they were in 40 cities last year, including the bay area. for now the bikes cost $2 for 30 minutes. >>> ben & jerry's is offering free ice cream today. an annual tradition that starte

and the nasdaq gaining 1.2%. back in the black for the month of april. and treasuries extend losses. markent trump is stepping up his attacks on special counsel robert miller following a rate i has personal lawyers office. the present tweeted that attorney-client privilege is dead and called the pope a total which on. according to the washington post, fbi agent seized documents related to the wonder $30,000 paid stormy daniels . beijing rejected the trump administration's demands that china stop subsidizing the high-tech industries. china will cut the deficit by $50 billion and open the sector at a faster rate. german chancellor angela merkel is responding to a proposal that experts from international chemical weapons one stock agency visited the site of a poison gas attack in syria. asked if she would support the idea, she said that the evidence i can call weapons was used there is very clear. poisonedtwo russians in england by a never agent has been released from a hospital. the doctor says it is a significant milestone, but it is not the end of her treatment. her father remains hospita

and the nasdaq are getting on. now it's time for the film review with jane hill and mark kermode hello, welcome to the film review on every day, a teen romance with a difference. we have let the sun shine in, juliette binoche, in the new film by claire denis. and the awkwardly named the guernsey literary and potato peel pie society, which does exactly what it says on the tin. what are you starting with? let's start with every day, adapted from a levithan adapted from a ya novel. basically it is a teen love story in which one of the characters, known as a, moves from body to body. every day, they wake up they are a different person. 0ur central character, rhiannon , finds herself essentially falling love with somebody who every time she sees them, is a different person. it sounds like an unworkable conceit. and yet somehow, and against all expectations, it works rather well. here's a clip. why are you doing this? the day we met, i felt something i never felt before. i don't want to let that go. about that day, how is it ok what you did? i let you kiss me because i thought you were just in.

mark: sox holding on to their losses, often lows of the day but still down again on concerns about a global trade war. stoxx 600. a similar decline for the s&p 500 and the nasdaqthis is bloomberg. ♪ ♪ amnie: live from new york, i vonnie quinn. mark: live from london, i am mark barton with the european close in 15 minutes. vonnie: stocks trading lower on trade tensions. let's get back to steve englander of rafiki capital. of our markets live blog. what incentives are out there as this chess game progresses to checkmate? steven: it is painful politically. there is an incentive for them to come to a deal. chinese tariffs are still higher than u.s. tariffs in a number of areas and the principal of reciprocity seems intuitive, given the chinese state of development, far different than 20 and 30 years ago here in -- years ago. if they can take a first up, relatively easy, grab low hanging fruit, they can discuss the longer-term issues, intellectual property and investment policy, much harder to deal with. , this point regan is that the market is the arbiter. it is not really -- financial assets are not suited to be the barometer for political trade words. -- trade w

you have syria and mark zuckerberg the s&p down 24 and the nasdaq down about 53. oil been strong. the ten year yield has been lowered. down under 280 again thank you. >> thank you for hanging out. >> thank you for having me. >> at lot of people want you here and becky back, too i don't know what it means there's only so many chairs. anyway. >> you don't have time to explain the back story. >> it's better that way. >> join us tomorrow "squawk on the street" is next. ♪ >>> looking at a live picture of the hearing room on capitol hill where mark zuckerberg will testify for a second day welcome to "squawk on the street." premarket took a spill about two hours ago as the.open twitter told russia to get ready for missiles in response to the suspected syria chemical weapons attack oil jumped yields dropped, as well. in about an hour, mark zuckerberg goes back to capitol hill he'll appear before the house energy commerce committee. yesterday faced a senate from the senate judiciary and commerce committee members here are some highlights >> if you and other social media companies do not ge

morning, laura and marcus, wall street first looks like it's going to start in the red today, just slightly below the even mark. markets are coming off a negative session on friday but the dow nasdaq and s&p 500 still saw their third positive week in the past four. there's going to be a busy week for economic data with reports on home sales and consumer confidence, durable goods and first quarter gdp which meshers economic growth. it is also the heaviest week of earnings season which is a big, big time around here. about a third of the s&p 500 set to report. today we're going to hear from google's parents alphabet and amazon later in the week. friday the dow fell 201 points to 24,462. the nasdaq dropping 91 to 7146. prices at the pump continue to climb but i probably don't have to tell you that. the latest survey shows the average price is up ten cents over the past two weeks to 2.83 a gallon nationally. driven primarily by higher oil prices. 37 cents higher than this time last year and we're going into the summer so they are expected to rise even more. in the bay area gas is averaging between 3.60 and $3.70 a gallon. americans are taking a more critical view of big tech companies

and aluminum. take a look at u.s. stock right now. dow futures down eight points. s&p 500 down two points. nasdaq futures down 3.5 points. you are watching that "fbn:am." ♪ anna and marknto retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. cheryl: welcome back. adam: garrett maxes herewith the highlights. you were pretty impressed. the braun was even more than lebron james if that's possible. from start to finish and they offered a word start. took over from the opening tip. the second, third and fourth all the way until everyone else is nothing. the pacers but fewer than five minutes into the game. it was lebron 16, pacers one. scored 20 in the first quarter. finished with 46, the highest scoring in four seasons. winning 197. houston rockets under barbara

mark zuckerberg's testimony at facebook. the tech complex up 2% the nasdaq up 140 points s&p and dow jones also had good days this is the fifth strong session in the last six. one of the top stories is that facebook ceo mark zuckerberg has apologized for a lack of data protection on the platform during the first of two rounds of questioning, mark zuckerberg did not back specific regulatory changes to facebook. facebook shares rose during the hearing posting their biggest daily dane in almost two years the move added about $17 billio back to facebook's market cap after suffering heavy losses arjun joins us with more on mark zuckerberg's testimony >> i want to recap some of the key points here from the testimony. we had zuckerberg speaking to lawmakers. he took questions from the senators lindsey graham pushed zuckerberg on how facebook regulates itself >> what do we tell our constituents given what's happened here why we should let you self-regulate? what would you tell people in south carolina, given all the things we just discovered here, it's a good idea for us to rely upon you to regulate your own business practices >> wel

you have syria and mark zuckerberg the s&p down 24 and the nasdaq down about 53. oil been strong.yield has been lowered. down under 280 again thank you. >> thank you for hanging out. >> thank you for having me. >> at lot of people want you here and becky back, too i don't know what it means there's only so many chairs. anyway. >> you don't have time to explain the back story. >> it's better that way. >> join us tomorrow "squawk on the street" is next. ♪ >>> looking at a live picture of the hearing room on capitol hill where mark zuckerberg will testify for a second day welcome to "squawk on the street." premarket took a spill about two hours ago as the.open twitter told russia to get

and as we said, it has surpassed the 23 mark now. the dollar index back above 90, even with all the trade war talk, but the major industries are lower and the nasdaqst. 1.9%.w is down so you can find all this go.entary at -- this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. julie: i'm julie hyman. this is "bloomberg markets." another check on the markets, as we have seen the selloff accelerate here on this a monday after easter. we see a lower than average volume, but volume has been accelerating throughout the day as the selloff has been accelerating. it is steepest in technology, the nasdaq and nasdaq 100 down more than the major averages, but the dow is down less man 1% earlier and it is declining now, down 2% and s&p 500 off 2.3%. and watching the stocks, the large cap tech stocks, facebook one of them. down 3% on the session and it is seeing acceleration of losses also. your today chart on the bloomberg of the facebook and looking at the decline from the highs earlier this year, those back in early february, now down by 20%. and now if we want to dig more into the facebook story today, sara is in san francisco talking to us a

and financials have also been up. up 2.2%, the nasdaq gaining more than 2%. treasuries losing ground with a 10 year rising a 10th of a percent. very near the 2.8% mark. ushing off concerns of a potential evaluation after reports that policymakers could be using currency as a tool in trade negotiations, but traders not really buying that. gaining now about a 10th of 1%. 30 is the level. the ruble is weakening after u.s. sanctions. losing ground in the session. now first word news, here is mark crumpton. mark: at a cabinet meeting today, president trump again condemned the suspected poison gas attack this weekend on civilians in syria. president trump: i want to begin by condemning the heinous attack on innocent syrians, with banned chemical weapons. it was an atrocious attack. mark: at least 40 people were reportedly killed. the president said he will be meeting with military advisers to consider options, "and nothing is off the table." speaker paul ryan says his joint fundraising committee has raised over $11 million this year ahead of midterm elections. the committee says it raised more than $40 million so far in the 2017-2018 and election cycle, in

and tech's leading that rally. the nasdaq is up 1.5. a's --bt is also up for dow is also up. david: markn is here with bloomberg first word headlines. late into epa chief scott pruitt for the ethics and spending scandal that were prompting bipartisan calls for his dismissal or resignation. the public grilling and a house hearing came as support has aoded for pruitt after month-long hammering of negative headlines about outside security spending. joined with i ranking member comings of the oversight committee to request an additional investigation by the office of special counsel into your troubling pattern of apparently retaliating against epa employees who question your extravagant spending. i am confident these investigations will affirm what i have come to believe is true. that you are unfit to hold public office and undeserving of the public trust. as itave nothing to hide relates to how high run the agency for the past 16 months. i'm not afraid to admit there has been a learning process and -- when congress finds problems with our decision-making i want to maker that does not happen

and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. scarlet: let's get a recap of today's market action. must stocks are rising, and the s&p and nasdaqto gains, and the dow coming down closing off 38 points at 24,748. snp, it comes on the heels of mixed earnings, especially since ibm gave a disappointing report that was a drag on the nasdaq. morgan stanley results were stronger, and it lifted the financials as a group, but morgan stanley came off of the highs. after the market close we heard alcoa, and this is a stock that is at a 10 year high because of sanctions against russia have resulted in a squeeze, and that has given a boost the aluminum prices, going up better than 3%. and we also seek american express in after-hours trading, after than 3% better-than-expected estimates. 2018 revenue is also up at least 8%, priestly it was anywhere from seven to 8%. julia: mike pompeo travel to north korea to meet with kim jong-un about a possible summit on denuclearization. president trump said the meeting went smoothly and a good relationship was formed. details of the summit are now being worked out and denuclearization will be a great th

look at the nasdaq and russell is up right now. mark zuckerberg will face questions. we'll bring you highlights as soon as it gets under way. we'll have more with gundlach and including his take on bitcoin. we'll be back in a couple of minutes. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >>> welcome back to "closing bell," i am eamon javers chinese tariffs were announced this morning this trade official saying chinese tariffs were in attempt to intimidate the trump administration the trump add mministration wil not back down. described as u.s. effort on trade as a real effort by the united states to get china to change its ways and said that china is good at promises but not good at delivering on them we'll see whether the tic-for-tac here continues on throughout the week. i talked to a white house official last night suggesting that it is all under is discussion kirsten neilson is briefing reporters right now at the white house's press briefing room

nasdaq up 143, s the added 43 as well. >> and now to facebook which was at the center the drama in washington. ceo mark zuckerrg fac more than 40 lawmakers in a crowded hearing room on capitol hill. walking into the room, the notoriously camera shy zuckerberg faced a barrage of cameras clicking to capture every movement as he sat down. members of the institute judiciary and commee committeys peppered him with y'estions over his comp handles of data of tens of millions of americans. he looked serious and began by apologizing. investors didn't flinch sending the stock up 4.5% to its best day in two years. lia boorstin is covering this story for us from capitol hill. good evening. >> reporter: good evening to you, zuckerberg taking the stand for four years ashe senators took their five minutes to ask w,h witstions and follo zuckerberg stressed throughout his questions that he is taking responsibility for facebook's file to protect its users' data and is making a range of differentchanges. apologized repeatedly prompting this question from senator sothune. >> how is today's apology and why should we trust

and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. ♪ scarlet: let's get a recap of today's market action. it was to the downside on u.s. stocks. the nasdaqplelosing 1.25% getting hit pretty hard on a deteriorating outlook on china. the computer chipmakers and or thee tech companies brunt of the selling their as the s&p fell for a second straight day. we just wanted to recap some breaking news we told you about earlier. a u.s. probe over mobile technology. the doj investigating coronation by these two companies along with a standards group that would make it harder to switch mobile phone carriers. you can't just take out a sim card and replace it with another sim card, you get your phone unlocked. joe: people come here and there like what is the deal? scarlet: we will continue to keep you posted. julia: what'd you miss? president trump and prime minister abe met. the prime minister did not convince the president to rejoin the transpacific partnership and also on the radar, the bank of japan's decision is out on wednesday night as well. great to have you with us. let's start macro and we can drill down into micro. obviously doesn't change

mark zuckerberg. is he walking? let's look at these futures looking good at the golf 193. premarket, s&p and nasdaq higher by almost 8%. you're watching "fbn:am." ♪ from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. this scientist doesn't believe in luck. she believes in research. it can take more than 10 years to develop a single medication. and only 1 in 10,000 ever make it to market. but what if ai could find connections faster. to help this researcher discover new treatments. that's why she's working with watson. it's a smart way to find new hope, which really can't wait. ♪ ♪ [fbi agent] you're a brave man, your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. y

mark zucker's testimony. >>> vincent rinehart will join rick next. dow is at session highs. up 24,501. s&p and nasdaq 2% a piece as well. "squawk alley" will be right back need a change of scenery? the kayak explore tool shows you the places you can fly on your budget. so you can be confident you're getting the most bang for your buck. alo-ha. kayak. search one and done. >>> i'm scott wapner is the bull market back on track? we'll debate where your money is likely to go from here mark zuckerberg on the hot seat. trading facebook ahead of that big moment and speaking live to an analyst who said he would buy almost every other stock on his list before the social media giant. we'll find out why back in style bank getting back in style today we'll see you in about 15. >> thank you, scott. >>> meantime let's get to rick santelli with the santelli exchange. >> i would like to welcome my guest, vincent rinehart. thanks for joining us this morning. >> thanks for having me. >> listen, i've been saying for years, in many discussions on this trading floor, that each central bank really needs to acknowledge that

the nasdaq is at 6966 below the 7000 mark and the s&p 500 is down 1% as well. >>> another data breachpped at fifth avenue or lord and taylor you should double check your bank and credit card statements. the stores say that hackers stole information from 5 million credit and debit cards. the cards were used at the stores but there is no indication the breach affected online purchases but again check your statements because they are offering free credit monitoring for anyone affected.>>> a realtors group has come up with a solution to some of the state housing shortages. the california association of realtors is working to get a ballot measure that could give some older homeowners an incentive to move out of the big homes. california property taxes are based on the purchase price of a home. that means for people who have lived in their homes for many years property tax could go up if they move even if it is to a smaller house, but the realtor proposal would transfer the current property tax bill to the new home as long as the value of the new home is at the same or less than the home th

the questions lawmakers have been putting to ceo mark zuckerberg >>> the dow up just over 300 points, not far from session highs. 1.25%. s&p and nasdaqost 1% higher, nasdaq a little over 1%. if the rally holds it will keep that streak going. more "squawk alley" straight ahead. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. lower carbs. ♪ lower calories. ♪ higher expectations. the light beer you've been waiting for has arrived. introducing corona premier. >>> facebook's mark zuckerberg wrapping up testimony on capitol hill ap snapping this now viral photo of his notes which included a section on potentially breaking up facebook, its impact on chinese companies. joining us for more on the testimony, u.s. tech editor at the economist and charles duhig, pulitzer prize winning journalist we've talking about the takeaways, charles w

and the nasdaq. all three trading network in reverse order. the nasdaq the worst performer. this is bloomberg. ♪ mark is bloomberg markets. i'm mark barton from london. vonnie: from new york, i'm vonnie quinn. time for a new segment that focuses on the top stories in the municipal bond market. >> municipal bonds just posted their worst fourth quarter returns since 1996. joining me now to discuss this is peter hayes, head of the municipal bonds -- group at blackrock. how do you feel going forward? >> i would say we feel very positive. you have to go back to 1996 when first quarter returns were -120 basis points. we were -111. but most of that came in january. we've told a lot of performance in 2017 because of tax reform. when you look at february and march, the backdrop we feel is very good. supply is low. demand is strong. we are actually pretty positive. >> neutral duration. how do you feel about high-yield? high-yield outperformed relative to the invested grade. it's that conducive in a fed tightening environment? high-yield is really important in a municipal portfolio because if you look at 10 of

the nasdaq gaining .2% and we have earnings kicking off without the vet after the close. -- with alphabet after the close. here's markmpton. mark: senate foreign relations committee may vote against confirming cia director mike pompeo as president trump's secretary of state, but it may not matter. probably leaders say they will still bring the nomination to the full senate, where pompeo is expected to win confirmation. some lawmakers question whether he has the temperament for diplomacy. officiald nations top is urging all participants the landmark nuclear deal between iran and six world powers to remain committed to the accord. she spoke in geneva at a conference to mark the 50th anniversary of the nuclear nonproliferation group. >> such a general remains convinced the joint conference of plan of action continues to be the best way to ensure the exclusively peaceful nature of iran's nuclear program and to realize that from the tangible economic benefits for the iranian people. mark: president trump has threatened to withdraw from the agreement i made 12 of us negotiators agreed to pick -- fix what he says are seriou

and the nasdaq 43 points to the up side. treasuries holding steady. two year note at 2.49% just shy of the 2.5% mark a relatively quiet night overnight in asia. they're closed with holiday observance the asx 2 h00 in australia is u by half a percentage you see here the u.k. and ftse up by half a percent now checking on the broader markets, if we take a look at the oil picture, a big case for oil because everyone's watching whether or not we can see that strength continue. wti crude is off by 1% $73.71 as for the dollar, let's check that out as well we are seeing a little bit of a move euros, 121.07. yen 109.27 let's get a check on gold prices they have been moving a little bit as of late 13.18 contessa the last trade there. >>> in corporate news, after years of courtship we have a deal to create the third biggest u.s. carrier the new firm will be led by john legere there are a lot of players involved in the tie up 42% owned by t-mobile parent deutsch telecom and the public will hold the remaining 31%. the new company will have more than 127 million wireless customers. in a statement legere says it w

mark is looking to rebound after a tough day yesterday. treating the spine of about 40 points. s&p is up eight and the nasdaq up 25 right now.technology weakness dragging the broader markets down 450 points on the dow. nasdaq was the worst performer of the day down nearly 3% closing and on correction territory, which would be a decline of 10% in the most recent highs.

and that's helping the broader indexes. the dow jones up a full percentage point. nasdaq up 1.5%, getting a lot of help from netflix. s&p back above the 2700 mark2704, up a full percentage point as well. >>> starting this week, you may see your credit score improve. three of the biggest credit reporting companies will now exclude tax liens from their reports. with less debt attached to your report, your score will improve. this comes after a survey from the consumer financial protection bureau found problems with the credit reporting. the new change is expected to affect 12 million people who could see as much as a 30% jump in their scores. >>> on this tax day, whether you're getting a refund or have to pay, there's some reason to celebrate. some companies are offering tax day deals, and the applebees you can get $1 margaritas, all the way through april 30th. boston market and corner market cafe 10.40 meal after the 10-40 taxerer form bill. there's deals at some mcdonald's and staple's and office depot offering free document shredding. >> auto dealerships is also big one. >> yeah, and a lot of times on tax day, 4th of july, memorial day, often

down around about 74 points it's yo yoing around between that 50-100 point mark for the dow, down a third percent, and s&p and nasdaqown half a percent each. >>> a new partnership with google, we'll tell you which it is when we come right back let's begin. yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. with dell small businessout your technology advisors you get the one-on-one partnership you need to grow your business. the dell vostro 15 laptop. contact a dell advisor today. >> welcome back, one market mover, fitbit announced a partnership with google for health care today. that sent the stock higher by 11% or so initially, but now up about 4% as you can see, giving back gains tl

mark for the first time. that optimism is now on shaky ground. asian markets were down slightly after monday's big sell-off on wall street that saw the dow drop 459 points and the nasdaqlunge almot 3%. the tech sector is taking a fair share of the blame. the so-called f.a.n.g. stocks, facebook, amazon, apple, netflix, and google, have seen their market value drop by more than $300 billion in the past two weeks. >> it's the continued implosion of the f.a.n.g. stocks due to president trump's tweets, partly due to what we've seen out of facebook. >> reporter: president trump is publicly criticizing facebook's business practices and sparking fears of a trade war with china. the u.s. recently announced new duties on steel and aluminum imports. china countered by slapping tariffs on more than 120 u.s. exports. we all say the market can deal with bad news, but it just hates uncertainty. it hates that we don't know what the final trade deal is going to be about china. this week the trump administration is expected to unveil plans for additional tariffs on between $50 billion to $60 billion worth of chinese goods. beijing has promised to retaliate with new sanctions of its own

nasdaq is the laggard, and the dollar index is not headed anywhere. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters in new york am vonnie quinn. mark from bloomberg european headquarters i'm mark barton. the endn hour away from of the wins the session. stocks are down as investors grapple with high bond yields. lower. is down 1% let's get over to vonnie. we seem to be getting continuous surprises week over week. saw a build. -- crude oil we saw a build. we were anticipating a drawdown. we are seeing crude oil react on the decline. in terms of gasoline inventories we saw those even though we were expecting a decline. and that did come in on the right side of zero. more than we expected. 2.6 million barrels. utilization,nery it was down 1.6%. the market was looking for refinery utilization. oilekly surprise from crude inventories and all of the things associated. crude oil trading here in the usa down a third of a percent. the french president will address the house and the senate in a few moments, the first time a foreign leader has spoken before congress in two years. macron is excited to make the case for keeping the current irani

mark sergeant coming in. we are seeing escalation in selling of dow futures, down of 5 now, we are hearing from exxon chevron today, s&p down and nasdaqding in the green. 5 and a half in the upside. you're watching fbn:am this case wide open! turns out the prints at the crime scene- awwwww...did mcgruffy wuffy get a tippy wippy? i'm serious! we gotta move fast before- who's a good boy? is him a good boy? erg...i'm just gonna go. oh, you wanna go outside? you gotta go tinky poo-poo? i already went, ok? in the bathroom! as long as people talk baby-talk to dogs, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. >> top story coming out of korea, leaders to rid oh peninsula of nuclear weapons after historic summit. the announcement from kim jong un and moon-jae-in of south korea after talks tat border. two agreed to push towards turning that indicated korean war in 1953 into a peace treaty for the first time this year. the leaders to allow reunions of war-separated families and all of this coming as president trump prepares to meet with kim jong un sometime this spring, a lo

nasdaq down. this is bloomberg. ♪ mark: this is the european close on bloomberg markets. vonnie: a live picture on the east room. this is the bilateral earlier andy, it moved back to the east room, where there will be a news conference in a little bit. macron and president donald trump may be delayed for a few moments but either way, let's get to michael mckean, bloomberg's correspondent. here with me and studio. d.c., our chief washington correspondent is live at the white house. i mention you have heard through remarks, it sounds like they haven't come to an agreement. michael: they have not. in fact, president trump calling the iran deal insein, macronous, and emmanuel doubling down, saying he is urging president trump not to withdraw from the iran nuclear 12l ahead of the may meanwhile, in geneva, the nuclear nonproliferation treaty meeting, a u.s. representative has echoed what president just said, saying that iran was dangerously close to rapid web visitation. that exports from iran to european nations between 2015 and 2016 have increased by 375%. acting, president macron in the interests of his nation as his talks continue between world l

and the s&p 500 did go lower, 2670, and nasdaq lower by 1%, and russell 2,000 off two-thirds of a percent. joining us today, cnbc's commentator, mike santolli and markamerican express will ibm trail teches winning on the s&p 500. philip-morris the laggard as people smoke less. mike, starting with you. apple is a big focus today >> yeah. >> a lot of concerns about the phone. should we extrapolate more to that worry about china? worry about the domestic economy seeing weaker iphone sales because they are so a part of the lives? >> two, three months you get a report that supply chain is sending signals, apple takes a hit. what i take away from the last two days in apple, the fact it's 10% down from the high or so, i that the market is receptive to the slightly less positive headlines on big take. i take it as the reverse leadership has wobbled a little bit, so it's not a macro story other than the automatic growth of big tech is now more largely in question. the market in general is just -- it's on -- back on the heels is how i put it >> evan, do you think apple sold off at all because of the data privacy issues that we had from facebook over the last

the dow, s&p 500, and the nasdaq, and apple is in the spotlight, tracking at the 200 day moving average. we will talk about what is going on. this is bloomberg. ♪ markfirst world news. president trump indicated travel -- he will travel to russia if vladimir putin visits the white house. he said resident to make the offer last month to congratulate putin on his reelection. fight the moments at another florida school when a gunman opened fire, wounded one student, before taking to custody on a day planned for a national custom walk that the protestant violence. the shooting happened is morning at forest high school, which was put on lockdown. the wooden student, a 17-year-old boy, was taken to a hospital -- the wounded student was taken to a hospital for non-life-threatening injuries. students led a nationwide walk out on the 19th anniversary of the combine high school shooting which left 13 people dead in littleton, colorado. south african president has cut short of a visit to the u.k. to return home and do with filing protests. demonstrators and police pots during protests over alleged government corruption. ramaphosa is calling for

mark zuckerberg releasing the latest results and tell you what to expect. u.s. stock index futures taking a look down 79. the s&p 500 down as well. nasdaq down 35 bucks.we've seen lower stocks overnight. you are watching "fbn:am." ♪ there was an idea. to bring together a group of remarkable people. to help save the universe... from paying too much on their car insurance. hey, there's cake in the breakroom... what are you doing? um...nothing? marvel studios' avengers: infinity war, in theaters april 27th. now...where were we? cheryl: welcome back. here is what is happening. take a look at futures right now. as you can see we've gone back and forth about 20 points on dow futures. we are down 94 right now. s&p down 11. nasdaq down more than 40. warnings about the 3% 10 year treasury and now they say mr. caterpillar and 3m. we are in the markets for you. also, talking about this. to dallas police officers and a security guard are in critical condition after being shot train to reprimand the home depot. rolando boris eventually got away, but police caught him after leading police on a five hour manhunt that ended in a high-speed chase. all of the victims r

and the nasdaq down 1.2%. european stocks down but not as much. the dollar index has reversed all of its gains. crude oil is falling. this is bloomberg. ♪ ♪ markrg's european headquarters, i am mark barton. were down 610 to 1% but it went positive for a few minutes and then back down again. all about trade concerns, dominating the equity agenda for the entirety of this week. down for a third day in for. -- four. stoxx 600 gain for the biggest a month since june of 2016 and on track for a second weekly gain, best stretch since february 23. this is the city economic surprise index in the eurozone, down to the lowest level since 2013 as evidenced by this chart. economist puzzled over this range of different corporate what a recent area data that pointed lower -- lower economic data. inflation output and retail sales, german factory orders come all failing to meet expectations and continuing the underwhelming start to the -- the data asking -- economist asking if this mirrors a true slowing of momentum that could lengthen the timeframe for the ecb to normalize policy. another wonderful chart on the bloomberg, the oil and gold ratio, a history of t

with the u.k., and that could mark a shift in how publicly the president is willing to push back on russia. >> we got some last-minute of trading, with indexes peaking around 3:00 p.m.. nasdaq closing up 1.6%, still remaining the best performance year for the day. >> volatility has repriced, valuations have come down. i think -- is a lot better now than three months ago. ♪ >> still ahead, as we review the week on bloomberg best, an exclusive conversation with the imf managing director, christine lagarde. >> many elements are -- standardized documents, to the entire markets. they need to go further. >> first, more of the weeks top business headlines. will restructuring solve deutsche bank's problem? ♪ >> first, more of the weeks top >> this is bloomberg best. abigail: let's continue our global tour of the week's top business stories with china shaking up the world's future market >>. >> the global oil market getting a bit of a wake-up. china's earned oil futures, -- the world's largest oil consumer, -- for chinese commodities. the question, does this mean china will get a bigger say in pricing? >> this is a massive victory for china in the long-term. we can't expect the impl

and materials. the nasdaq is also positive for the year. remember, tomorrow we get jobs report. we got some positive signals from the bp data yesterday. markn ambassador to the united kingdom said today the international community is under pressure from the u.k. and the u.s. to blame the kremlin for the nerve agent poisoning of a and his daughter on english soil. it is believed that countries that voted against russia's call were joint investigation written against voted transparency. >> we want to see the evidence. notant to have access, but only russia. we think it should be available for the whole world. that was the purpose of our decision. course, we are not happy with that. he says many countries doubts moscow was behind the attack, and that russia now plans to take its denials of involvements to the united nations purity council. it has been recommended that the ony proposed shock testing the uss gerald ford aircraft carrier. they previously asked the department of defense to delay testing for at least six years and perform the resiliency test on a different festival. this is the costliest worship ever, and isship scheduled for duty

mark: will kennedy, thank you. vonnie: let's get a quick check on the markets. we turned around a little bit. here is the picture for the dow, s&p 500, and nasdaq.s lower, too. we were at 18. some of the banks lower by reporting good earnings. wells fargo down 3%. retailer macy's is also down 1.3%. cardinal health leading the s&p lower. we have been up and down already this morning. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. mark: from london, i'm mark barton. this is "bloomberg markets." more consolidation in active wealth. federated investors is taking a 60% stake in hermes fund managers. your to talk more about this is the hermes ceo. what does this mean? >> it is fantastic news. we have been looking for a partner to grow with. this has always been about finding someone with whom we share values and with whom we have no overlap. hard to find. better rated, who has a 60% stake in us as a last night, closing business in new york, have complete complementry terms. they are a large u.s. asset manager, not big outside of the u.s., but we are big outside of the u.s.. we have no presence in the u.s. hardly every overlap in pr

and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. scarlet: let's get a recap of today's market action. earnings season pushing stocks higher. s&p 500 closing at almost -- the nasdaqlosingscarlet: 7/10. lots of different pieces of news. among them was the fact amazon shelf a plan aboutug selling prescription drugs. netflix beat analyst estimates. joe: a libertarian professor actually made the case that maybe regulations are not that bad? alex tabarrok began studying the correlation between that are regulations and business growth, he was sure the data would prove studytions -- his actually concluded something different. he joins us now from washington. thank you very much, professor. tell us about how you went down this research in the first place. what did you set out to show? alex: i did not set out to show anything, but what i set out to study was there was a long-term decline in dynamism in the united states, the number of new startups has been going down. the job creation rate has been going down. fewer people are moving about from job to job. what we want to do was ask is regulation a cause of this? it seems a plausible theory. after dicing and chopping up t

nasdaq losing ground as well, down over -- up do 2.3%. rightl be a week of trade on the agenda. we have the fed minutes, inflation data, and markuckerberg of facebook will be facing the music in congress. haidi: these congressional testimonies really are calling of theestion the future social networks like facebook and how they will be regulated, and sheryl sandberg meeting with european regulators. but investors are pushing for some sense of equilibrium. how do you position yourself given the unknowns? that look at the set up. we are pretty mixed, we have trading in new zealand area there is quite a bit of downside with kiwi stocks. the kiwi dollar 72.73. we have seen stability when it comes to the trade exposed risk currencies like the kiwi and aussie dollar, the aussie 76.75, not that three-month low we have been languishing near. sydney futures pointing to the downside. gold is a bit up, that safe haven play coming into play. the u.s. 10 year seeing the biggest gains. crude falling just shy of $62 a barrel. we have a key opec report out this week as well. iron ore from the australian government, a bit of a mixed message. se

and knocked down the victim. >>> there was disappointing earnings from ibm. the dow went down 38 points. nasdaq was up 14 points. >>> amazon has several prime subscribers around the world, 100 million. this marks the first time that it has been stated publicly how many prime members the company has signed up. amazon prime is the company $99 annual number ship, it includes perks such as free, discounted shipping and free e-books.>>> it is designed to catch plastic waste in the ocean. find out more about this. >>> our chief meteorologist will be here to take us throughout the weekend with the weather. (sound of footsteps) (sound of car door opening) (car door closes) (sound of engine starting) ♪ ♪ (sound of footsteps) (sound of car door opening) (car door closes) (sound of engine starting) >>> a bay area teenager, simona anderson, received $20,000 footlocker scholarship. the company and the school surprised her with it during a rally this morning. how cute is that? she has a 4.2 gpa and she is one of 20 students nationwide that are receiving that scholarship. >> i just got really involved in things i cared about in my community. i am the student body president. i am part of the black student uni

and raid a lawyers office for information! bad!" stocks were down today. dow lost 219. s&p 500 fell 15. nasdaq dropped 25. facebook seo markkerberg says there will be some regulation of internet firms. zuckerberg made that prediction during testimony today before house lawmakers. his second straight day of answering questions from congress. >> the internet is growing in importance around the world. in people's lives, and i think it's inevitable that there will need to be some regulation. my position is not that there should be no regulation but i also think you have to be careful about what regulation you put in place. >> bret: some on the counterterrorism committee calling zuckerberg a liar tonight. they say his statements about cleaning up extremism from the social media site are just not true. correspondent gillian turner looks at the allegations tonight. >> 99% of the isis and al qaeda content we take down on facebook, rei system flags before any human sees it. >> mark zuckerberg may have said the right things in his testimony about facebook's push to eradicate terrorist content from its platform but the counterterrori

the best performer in both the nasdaq 100 and the s&p 500 year today, up about 74% -- year to date, up about 74%. emily: thank you for breaking that down. we are joined by mark, who covers netflix. the stock on the way up. you've got it outperform. what's your take on the latest growth and can it keep up? >> i think it is sustainable. it is fundamentally an inflection point. that is when revenue growth expands. this is the one that is offering accelerating revenue growth and expanding margins because they have pricing power. they just implemented a price increase in the u.s. and internationally and there has been no slowdown. people think this package is worth $10, $11, $12, and they are willing to pay for it. they are starting to break through in international markets. we saw that even in really difficult markets like japan. we think it's also happening in south america and western europe. this is grabbing people's imaginations. there is a third factor. all this content the company is offering. think about it this way, for every dollar you spend with netflix on their subscription, you get access to $1 billion of content, a better deal than you can find almo

mark: we will see if these forecasters are correct. vonnie: thanks. it is time for the stock of the hour. the chiphares of company, among the worst performers of the s&p 500 and the nasdaqstint. abigail doolittle tells us why. reporter: we have to set the stage. micron up 600%-- since two weeks ago and that reflects upturn in memory pricing. reported, the quarter was fine but the guidance was weak. investors are concerned about deceleration and that could cause a turned down for stocks. are we going into a downturn? or is this the new normal? driven by big enterprises? that is unknown but this analyst at ubs, he has a rating on the stock, $35 price target, could be 30% downside from here. vonnie: how much of micron's business does it affect? 20%, pricingative, is turning down. if we hopped into the bloomberg, spot pricing, the turned down, decelerating. we see the effect on the stock. down,017, this movement that could be bearish for the pricing. i mentioned the stock was up nearly 600% between 2016 and not so long ago. upturn,trading with the going back a couple of years, it was going down and the stock had fallen. this has traded with nand pricing, if this goes down i