mark crumpton was telling us the story.oeing shares shares of close to 6% on the headlines about china eastern. black box, based on this reporting from "the wall street journal," the implication it could have been intentionally nosedived by the pilot. we are waiting for more details but when it comes to liability or responsibility, the market watching that closely. also, got headlines on china southern. 737 max in china mentioning more than 100 jets are no longer part of their plans for now, citing some delays on uncertainty. a lot to watch on boeing. we have updated you on news about twitter. this time the scoop from bloomberg colleagues about the company losing three more senior employees, including two vice presidents, as staffers wait for elon musk's acquisition. ed ludlow joins us with more details. what can you tell us about staff departures? ed: these three departures in question with senior managers, two vice president set ahead of department, says they left of their own volition. they were not fired. they were give

i am mark crumpton. this bill burck. -- this is bloomberg. >> welcome to bloomberg markets. let's dive right into the price action. this is interesting. after several weeks of losses, on the the p5 hundred, it is poised to turn the story around, making a record of weekly losses breathe the s&p 500 is up to the tune of 1.8%. rebalancing is a major theme in print as we look at the last training day of may, head of the long weekend, here in the states, we have the nasdaq really outperforming. the stocks leading to the record highs are climbing back from those major selloff levels. the russell 2000, as well. outperforming the momentum. that is the trait of the day. jon: let's take a deeper look at those technology stocks. for example, on the dow jones, you have names like apple and microsoft that are top high performers. both are set for a wedding week. tesla has a 6% advance. is a top-five performer in the s&p 500 prude also, set for a wedding week. we will continue to watch the retail story. earlier today,

simona mocuta, state street global advisors chief economist time for bloomberg first word with mark crumpton. mark: -- wants to do something about rising food prices. he is proposing measures to reduce costs for farmers such as doubling investment and fertilizer production and extending government programs that use technology to reduce the use of fertilizer. the president is set to speak about this shortly in illinois. al jazeera reporter was shot and killed during an israeli raid in the occupied west bank today. palestinians and the news channel accusing israel of killing her and israel's leader of saying she was likely have a palestinian fire. a 51-year-old was said to be wearing a press vest that clearly marked her as a journalist while she was reporting in the city of janine. hungary has threatened its public stance against the european embargo, european union embargo on russian imports saying it will pull its veto threat only if it's pipeline imports are excluded. a majority of hungary's crude supplies arrived by pipeline. the pipelines from hungry and foreign minister appeared to dampe

i am mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets. >> missing out on a lot on the markets. final trading day in the month of may. we came off the month of april down about 9%. the month started off strong and it has been topsy-turvy, ever sense. we are still clinging onto a monthly gain. only by a faction of a percent. -- fraction of a percent. we saw a lot of weakness this month on the index, something that we have not seen in the previous month. here is year two year yield, moving in the wrong direction, based on a lot of triggers out there. jon: some of the stocks on the move, we have been watching those headlines feeding into the oil trade. you have seen a willingness with chevron. it is interesting to note that some tech stocks are hanging in. amazon is up for a fourth day and a fourth day and around. we will continue to look at the earnings picture. a salesforce is a little bit weaker ahead of its quarterly results. romaine: right now, we are waiting to hear from president jo

i'm mark crumpton.icials have identified one presumptive case of the monkeypox virus after tests conducted by the cdc yielded inconclusive results and earlier tests revealed a virus category that includes monkeypox

i'm mark crumpton.land came out in favor of applying to join nato and sweden could do the same within days in a historic realignment on the continent 2.5 months after russian president putin invaded ukraine which sent as seven -- a shiver of fear through neighbors. >> i have contact with my turkish colleagues, i have been visiting in the spring and i have an opportunity

i'm mark crumpton. this is bloomberg. john: welcome to bloomberg markets. >> let's get a quick look at price action here. part of this is going to be a reaction to that rally we saw yesterday. the other part is going to be what we heard from snapchat. recession fears are driving today. with that yield picture comes the dollar picture. a weaker dollar. jon: meanwhile, continuing to have jitters out of the retail sector. a theme we've been watching the last couple of weeks. today once again you're still seeing that play out. abercrombie and fitch. what a selloff in that stock today. more than 30%. they're dealing with a concerning outlook and inflation woes. best buy with a pretty good quarter but still an outlook that was a reality check that we're seeing for a lot of retailers out there. awaiting numbers from nordstrom. later, petco bucking the trend right now. but arguably a more insulated business in an otherwise challenged retail environment right now. kriti: yeah. certainly a lot of factors to be ke

time for news with mark crumpton. tt: -- mark: large parts of the united states are at risk for summer blackouts. a report from the northern american liability corporation suggest that electricity demand is growing after two years of pandemic disruptions. finland and sweden have made it official and applied to nato membership, reshaping europe's defenses. they must overcome opposition from turkey, the president alleging that both countries support turkish militants who turkey sees as terrorists. the biden administration is set to bring russia closer to the brink of default. the u.s. treasury department will move to paul brush fully block the ability of moscow to pay bondholders. they issued a temporary waiver to let russia pay. expires the 25th. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. [speaking foreign language] that's -- ♪ kriti: this is bloomberg markets, i'm kriti gupta. we are

he was mark crumpton. mark: nancy pelosi says lawmakers week will consider a bill on gasoline price gouging. president biden would have the authority to declare an emergency that would make the sale of gasoline at "excessive prices" illegal. >> families are struggling to pay higher prices at the pump. oil and gas companies are recording record profits. the seven largest oil companies and announcing buybacks that could total $41 billion this year alone. again again we see gas prices rise when the cost of oil drops. and price gouging needs to be stopped. mark: during her weekly press conference speaker pelosi also addressed the roe v. wade issue, saying republicans are "mobilizing dangerous extremist agenda to criminalize all forms of reproductive health." the british economy unexpectedly contracted in march. first domestic product fell .1 percent from february as the cost-of-living squeeze forced consumers to cut back spending. that is slowing down on the bank of england's ability to keep raising interest ra

for now, let's get to bloomberg's first word news with mark crumpton. mark: authority say all those killed in elementary school where in the same fourth-grade classroom. 19 children were killed along with two adults. a number of others were wounded yesterday. the gunman was shot and killed by border patrol agent. kriti: we will come back to you in a second. let's head to break here. we will bring more headlines once we come back. this is bloomberg. ♪ another crazy day? of course it is—you're a cio in 2022. so what's on the agenda? morning security briefing—make that two. share that link. send that contract. see what's trending. check the traffic on your network, in real time, with the next generation in global secure networking from comcast business. lunch? -sure. you've got time. onboard 37 new people, with 74 new devices. does anybody have any questions? and just as many questions. shut down a storm of ddos attacks. protect headquarters and the cloud. with all your data on the nation's largest ip network. whoa, that is big. ok. coffee time. double shot

i'm mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets.dive in on the price action. it has been a volatile session and week, month, year. we can start with the terminal chart. it is a risk off tone. we were down as much as 1.5% in futures trading. this is something to watch. you are looking at a vix with a 30 handle. is this the kind of volatility we should expect from the remainder of the year? stick with me on the bond story. if you are playing out of stocks, are you going into bonds? with the yield down, the dollar weaker as well, now following the interest-rate story as opposed to the haven story. >> we continue to track the technology stocks. the nasdaq had moved into bear territory earlier this year. we saw investors willing to buy certain technology names, but then you have the drag in the forms of cisco. it is taking network equipment along for the ride. down for the day. we are reminded constantly about the challenges for companies as they continue to share their out -- outlooks. kriti: the ceo of -- >> it is the single most effic

i'm mark crumpton.onal monetary chief does not anticipate a global recession, at the same time, she says the imf needs to come to the aid of developing countries. >> we are looking

i'm mark crumpton. this is bloomberg. ♪ >> welcome to "bloomberg markets." >> a risk off the session when you look. a lot of read on the screen. no buyers emerging and huge when you look at where the bid is. it is not in jon the stock market but in the bond market. a stronger dollar continues and weighing on the market. crude down 5%. jon: on the weakness from the nasdaq, now down 25% on the year. looking at some of the hard-hit names, whether tesla, bloomberg -- uber, earning coming in from the likes of palantir, that stuck losing 1/5 of its value. kriti: the volatility carried over to this week. >> in my lifetime, we just had a crust equities and treasuries the biggest swing on a to date basis ever. we have an extreme amount of uncertainty. jon: let's bring in gina martin adams, chief strategist for bloomberg and the head of mid-caps strategy. thank you both for being with us. i will start with you and the general assessment of the general selling we are seeing. >> thanks for having me. this is going

i'm mark crumpton, this is bloomberg. jon: welcome to bloomberg markets. kriti: let's check the price action. the volatility, the fluctuation seems to be a theme. the vix is under 30 and below that nor. a 27 handle on the vix is where we are headed and four out of the five sessions last week, you cite yields lower end in line with that, perhaps we talk about the yield lower inflation driven by the commodity prices and food prices and metal prices which are up today. investors are still particular about what they buy. jon: we are still seeing tremendous selling pressure for was once -- what was once the hottest technology stocks. zoom slid by 3.5% and we watch the uncertainty playing out in the likes of tesla and twitter. twitter is now down about 7% so let's get an update on this u.s. trading session. there seems to be a cautious approach to growth names. abigail: we are not seeing the follow-through to friday's rally but at this point, for the broader indexes, we're starting to see a lift tire for the s&p 500 and the dow. the nasdaq has a little ways to g

(upbeat music) >> i'm mark crumpton with first word news.k of lingering symptoms after covid-19 may depend on which strain of the virus you got. a new study found the odds of reporting fatigue, shortness of breath, and other symptoms after recovery were 50% lower than people who had the omicron variant compared to those who were infected with the delta strain. officials say most long covid symptoms do not seem to be life-threatening. russia may soon be facing more sanctions from the united states and its allies. bloomberg has led a group of seven leaders will discuss potential new measures on a call on sunday, the talks, as the european union is preventing -- is preparing a package of sanctions that would block russian oil imports by the end of the year as well as band vessels and services such as insurance needed to transport oil to third countries. israel is set to advance plans for the construction of 4000 seller homes in the occupied west bank. it

mark: i am mark crumpton with first word news. police in texas did not try to break down the classroom door were 19 children were killed because they believed the gun was barricade -- gunman was barricaded alone and no one was at risk. the texas department of public safety said that was the wrong decision. >> for the benefit of hindsight,

i mark crumpton. this is bloomberg. >> welcome to bloomberg markets. >> let's dive into those markets. you are seeing a risk obsession with volatility as we watch the s&p 500 attempt to rebound from the enormous moves yesterday, the biggest selling going back to september of 2020. the stock market seems to be coming down a little, down marginally. only about 0.4% in the s&p 500. a lot of action in the bond market, stocks are selling off, so our bonds. you see a move higher in yields. what is interesting is the steepening and the curve, we see it again. jon: a big job stay in north america, you have in covering those u.s. jobs numbers. in canada, we did see a jobs growth, to a lesser extent and then what happened the last couple of months. it was below the expectations. the unemployment rate getting to its record low, it is a reminder that right now, when it comes to finding available employees, that is playing into those inflationary defects. >> inflationary defects where the spotlight on the u.s. job

i am mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets. >> let's dive right in.e started off in the green, then went down to the red. we are briefly hopping into positive price action. the s&p 500 a .2%. we have nasdaq outperformance. apple, naz -- microsoft all higher. the 10 year is lower. dropping below the 3%. volatility in the other direction and we cannot forget crude down 3%, dropping below $100. jon: you have seen energy stocks struggling as we climbed deeper into the stock story this afternoon. the reality is that some technology stocks have been holding in better. apple and microsoft after recent weakness. but we had the jittery part of the market. peloton, weakness following their quarterly results and we are waiting mers from coinbase. a lot to watch her as we roll through this trading day. kriti: talk about the crazy trading days we have seen lately. let's talk about today's session. investors remaining on edge earlier today. peter oppenheimer of a chief strategist at goldman sachs told bloomberg he sees value amidst volatility. >> the -- of equities

i am mark crumpton, this is bloomberg. >> welcome to bloomberg markets. >> let us dive right into the market action we are seeing. a lot of green on the screen ahead of the big meeting tomorrow, this is interesting. go back historically even this last year, the day before, even two days before, a risk off kind of day. that is not the case in today's market. you are seeing outperformance, little bit of green. 8/10 of 1% on the s&p 500, yields lower by four basis points and weighing on the dollar. jon: while we have seen the headline colors green, how healthy is the consumer going to be? we are coming off of a big lift and travel activity, we saw that reflected in numbers from expedia. but both shares are taking a hit. some analysts concerned about the road ahead for the businesses, we are just getting started with travel numbers, awaiting booking holdings this week. we will see with the outlooks mean, especially as we waited decision from the fed. kriti: investors awaiting the decision to come out tomorrow. just yesterday at the conference, we caught up with ceo david hunt and asked hi

i am mark crumpton. this is bloomberg. ♪ kriti: this is bloomberg markets. a huge selloff today.fter three days of gains ahead of this massive historic no other word to put it fed rate meeting, a 50 basis point hike that a lot of people were expecting. that is where you saw the optimism the markets, until today. a lot of optimism wiped out to where we are seeing the s&p 500 back in correction territory. the drawdown now down 13% from peak to trough. windows the selling really let up -- when does the selling let up? are the bears right for with the market should be doing? joining us now is david wright. he says we are heading for the biggest bear market of his life. thank you for joining us as always. walk us through why this selloff isn't overdone? david: the market is a behavioral creature. all the logic about fundamentals takes you to a certain point if you try to pick stocks for a three to six month period. we have obviously two major bear markets the century where the s&p fell 50% and then 56%. i believe the signs are there again that we are in the second or third inning of a

i am mark crumpton, with bloomberg's "first word news." 4 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. guy: [indiscernible] -- facing the cost-of-living crisis. let's talk about this with sir nigel wilson. he is the ceo of the u.k. financial services giant. their estimates is going to make significant inward investment into the united states. very much focused on ipaq and lifecycles we are talking to nigel about that in just a moment. first of all, given that you are here, it is great to get your take on what is happening here in the u.k. with a little more detail. what is your view of a windfall tax? >> is at the right thing to be doing right now? it is a time when the u.k. looks to be basically pivoting it energy sourcing away from oil and gas, into new, more sustainable sources. there is also talk of taxing newer generations. >> has he rightly said, this is a calm look at situation for us to evaluate because of all of those that you just talked about. we do view