as positive economic data added to the gains in the dollar and senate soaring to a one-month high butlyst says a strong dollar will hurt exports and the revenue line of companies which wasn't strong to begin with. right now the dow is currently down 209 points. nasdaq is down 64. and the s&p 500 is down 23. >>> you may notice google paying tribute to the first american woman to fly into space. there are five different doodles to celebrate the achievements of sally ride born on this day in 1951. she was a southern california native and graduated from stanford university. ride flew aboard the space shuttle challenger in 1983 and 1984. after leaving nasa she taught physics at the university of california at san diego. she also created a program to get more young people, especially girls involved in math and science. ride died of pancreatic cancer in 2012 at the age of 61. >>> people living in the mid- peninsula are growing increasingly frustrated out of noise from planes heading out of sfo. the federal aviation administration recently upgraded its system to help keep flights on time but

not much happening in we did have some positive economic data today that made people feel more bullish about the economy. baby rates will move sooner than later. how about currencies? mark: look at euro-dollar. yen, 123.77. seeing a lot of green on the screen in the major currency markets on this thursday. stephanie: let's look at the top stories of this hour. it is the biggest acquisition ever in the tech world. -- $37 agreed to buy billion in cash and stock. the latest deal in an industry that has been hit by consolidation because of the rising cost of production and design. a singapore-based company that was once part of hp. broadcom is the biggest maker of wi-fi chips. pricemaker may pay a big to settle and ftc case over generic drugs. they have agreed to pay $1.2 billion for the actions of a company it later but. it unlawfully protected a sleep disorder drug through agreements. mark: sepp blatter says he plans -- he presidedt over the opening of the fifa conference in zurich, switzerland. he addressed the corruption scandal that led to the arrest of nine officials. : i cannot moni

disappointed retail sales number, yes, but there was positive economic data out of europe. perhaps signs of incipient inflation should get everybody excited. equity index futures were down. markets turned at the open and now we are higher. olivia: markets were earlier turning on the disappointing retail sales. let's show you what is happening good dollar weakness is the story today as the disappointing retail sales and investors betting that the fed will push back the rate hike. the euro is stronger against the dollar on the gdp figures that came out of the continent and the british pound continuing to show a little bit of strength after the elections last week against the u.s. dollar. erik: let's have a look at the top stories on the bloomberg terminal. second quarter started on a week note for retail. retail sales showed no gain last month. gainfollows a revised 1.1% in march that was the biggest in a year. volatility. seven of the 13 major categories showed increases but there were declines among cars, furniture, and electronics. dupont has stop an activist bid for board

positions? >> i don't buy the argument that the good economic data caused the market decline today.were the case, why is the ten-year or 30-year rallying so hard. it seems to be a different motivation. the trading ranges become self-fulfilling prophecies. we've gotten back to the level from the umpteenth time. that prompts people to do selling. there were certainly a couple of big sell programs hitting the market this morning. it started the action off. and a bit of a stretch. you could look at europe and continuing problems with greece. now maybe spain electing potentially electing a government in their general election this fall that would be very liberal and anti-austerity. could be some contagion fears coming from that as well. >> if there's no alternative, where do i want to be in the markets at this point? >> well, in general, i like the sector that you mentioned, melissa. that's financials. i think we're going to see improving domestic conditions. that will be good for the banks. they're already starting to finally catch a bid after a slow start to the beginning of the year.

we have seen more positive economic data out of your which i think is the reason behind it all, but i think we are still in the story. olivia: what is big money saying about u.s. treasury markets? we heard warren puppet saying if he could he would short the 30-year. lisa: you have got bill ackman saying coming -- saysing he -- saying he hates -- anothe says he sees yields creeping higher. that said, a lot of people are saying this is technically driven. this is a short squeeze, a hiccup in the market and yields will come back down. because on a global basis treasury is yielding a lot. tom: 2.18% of the 10-year yield, that is a long way from where we were five days ago. lisa, thank you so much. olivia: still to come on bloomberg "surveillance" much to talk about including bank of america shareholders meeting. they are heading to charlotte, north carolina, the day before the annual meeting. should we expect fireworks? we will take a look at the big issues facing the bank and brian moran had after the break. this is bloomberg "surveillance. " good morning. ♪ tom: green on the screen. fut

positive note. stocks rebounded friday. busy week for economic data. the monthly jobs report on friday. news on factory orders and comcast's return of nbc universal reports earning this morning. friday the dow rising 183 points to 18024. the nasdaq up 64 to 6005. milk, not just for breakfast anymore. the largest milk producer is trying to make the white stuff relevant again. the company tells cnbc it's pouring all of its resources into creating a single national brand. they will launch a national tv and print ad today. u.s. retail milk priss are down to $4.62 a gallon. >> thanks. >>> now your "nbc 10" first alert weather. >> getting closer to sunrise this morning. starting to see the skies brighten up in the pocono mountains. just a few scattered clouds and a warmup in store. the mountains are heading for the upper 70s this afternoon. >>> heading out the door jessica boyington first alert traffic center. good morning, jesse. >> good morning, bill. good morning, everyone. a check on the new jersey turnpike on the black horse pike, everything is moving along fine. northbound, southbound n

positive note. closed down for the week. it's a busy week for economic data topped by the monthly jobs report on friday. news on factory orders and comcast reports earnings this morning. on friday the dow rising 183 points to 180.24. nasdaq up 64 to 50.05. and milk is not just for breakfast anymore. dean foods, the nation's largest milk producer, is trying to make the white stuff relevant again after years of falling consumption. they tell cnbc it's pouring out resources to create single national brand that calls dairy pure. they want national tv and print ad campaign today. u.s. retail milk prices are down to $3.62 a gallon. >>> and ford has quite itly scraped plans to build car seats that can detect heart attacks. the financial times reports automaker blames cheaper and more accurate wearable devices for the decision. this is the sensors to potentially spot a heart attack and bring the car safely to a halt. ford said the project never got beyond the research phase. sam and laura, back over to you. >> interesting. thanks a lot, landon. >> makeshift emergency

positive outlook. one if you look at the jobless claims data which is the best economic indicator, they are sitting here at cyclical lows. and continuing claims started to drop very sharply mid-march whicoincides with a break of th number. number suppressed the number in march by 40,000. we expect that to be fully reversed. lastly this calendar effect that has to do with five weeks between march and april survey weeks. the bls is supposed to correct for five week effect and they do a great job in every other month except for april. we don't know why. if you go back to 1990 there were ten years with a five week effect in the move april in nine out of ten of those years, april outperformed the proceeding 12 month average very sharply by an average of 120,000 jobs. the only area under performed was 2009 but the labor market was contracting already. the five week effect actually exaggerated the effect to the down side. very good chance we get an outsize number tomorrow. >> let's say you're right. let's say we get that blow-out outside number. why is it off the table. >> the fed is concerned about activity d

economic data was good. the durable goods report showed the second quarter on stronger footing than the first quarter ended and along with a few other data points it felt like there was a positive tone to the data and i'll always take better economic data than worse but obviously the stock market didn't and we traded much lower on the day and more importantly the treasury market rallied very very hard. so if you think that the economic data was supportive of a rate hike in june well the bond market told you something else which contributed to some of the confusion. >> when you take a look at the treasury market does it tell you that there's a mismatch between fed policy and growth expectations? >> that's a good question. i'm not sure. my thought is multifaceted and the short answer is i have the great pleasure of meeting with terrific clients of all stripes across the country and the world and i just -- there's a lot of them that do not think that the fed is going to raise interest rates this year. some of them would go so far as to say some what flippantly but some would say they're not going to raise rates ever and i find that probably filters into the treasury markets and lo

the economic data was positive. >> are you worried about crossing 50-day moving averages? you worried about the death cross that happened with the transports today? >> i heard dominic chu mentioning about it. i'll leave the technicals i use them as an indication when i trade. when you're start to broach a number, i may look at that number for an opportunity to start buying it again for my customer. this is a long-term bull trend. we're only talking about 1%. that was a normal volatility only a few months ago. >> right. >> now it happened we haven't seen it in a few months. now it's time to start talking about it. >> what are you buying here? >> i like financials. it's a good place to be. >> going to raise the rates eventually. >> i don't think that has anything to do with it. look at the deal making that's going on goldman sachs, jpmorgan, they'll do great. i think that's a good trade. it's a safe place to be. >> this m & a binge will help. >> i think so. >> good point. true. thank you, gentlemen. let's trade the close, see what happens here. we'll come back with the closi

positive sign for the economy. well that business investment data from the durable goods report prompted the atlanta fed to increasal by it just slightly the economic forecast for growth in the second quarter. the atlanta fed the economy is on tract to expand .8%. whoop-de-do, up from 7% from the prior forecast. >>> and the dallas fed reports the factory activity in texas fell this month to the worst level in six year. and several business leaders in that survey say the state is still feeling the impact of declining oil prices. which has spread now to other industries. and they remain pessimistic. today oil prices fell 3% to $58.03 a barrel. >> concerns over greece surfaces. the cou in talks with creditors over a series of payment cocking due, the next one in early june. but as michelle caruso-cabre explains it is not just greece investors need to watch, but also spain. >> once again a new round of meetings and teleconferences scheduled this week to hammer out a deal between greece and creditors to lead to a disbursement of euros to greece can pay bills. but over all the two sides remain far apart. now, however, may not be the time to worry about g

fall, suggesting economic data disappoints in the first half and surprises in the upside of the second half. that sets us up for an october rate hike. betty: so you remain bullish? >> positivethe market for sure. we are still in a backdrop where equities are the place to be relative to fixed income. we have increasing m&a activity. that is taking shares out of the market. buybacks continue. even if the individual investor is not a big buyer get of stocks, they are creeping back in. institutions still are. earningsu know that are in fact -- you've got to take energy out of it here -- earnings are falling, right? >> that is true. we have seen earnings decline, not just in the u.s. it is true in europe and asia. the question is, what is causing that, and is this another three-year pause in earnings growth like we saw after 2008 or 2011. when i look at these companies and what they are saying, i am the porteather, strike, transitory factors that look to be turning around. maybe already some of those factors are beginning to recede, or we might be on the cusp of a return. betty: how do you know those transitory factors, that ceo's are appointed to, are not masking bigger problem

economic data. empire manufacturing are hoping it will be positive. negative last month.hat it will come in flat and michelin is important. tom: very good. the president is speaking today to police officers. this is not front and center this morning. i would watch this. i think this is an important point for the nation on a friday. brendan: i would recommend you read a piece and i will try and put that out on twitter talking about police unions and how they had so much coulter :00 for so many decades. we are feeling the ground shift. tom: the statistic this year is 148 officers were falling in the line of duty. this is a big issue. brendan: real quick, visiting china right now right above the fold on the wall street journal this morning. two enduring economies and we constantly find ourselves comparing them and the relationships between those countries than their relationship with us. hard reality to adjust to. tom: japan with announcements billion this week. i will call it a more proactive military into the future. some amendments there. what an interesting week this has

positive note. stocks rebounded friday but still closed down for the week. busy week for economic data topped by the monthly jobs report on friday. today we get news on factory orders and comcast, the parent of nbc universauniversal, repor earnings. on friday, dow raising 183 points to 18024. nasdaq up 54. scotting back to you. >> >>> ceo of mcdonald's is in the middle of a huge presentation to investors and reporters showing how he's going to radically change the fast food chain. the company suffered slow sales lately. the new ceo has been on the job a few months and closed a number of stores and more big changes are on the way. another big week for silicon valley superstar elon musk. both companies report profits this week. solar city and tesla. solar city looking for big bucks. tesla, we're looking for another update on how many cars the company is making. and sam and laura, any sort of timeline we can get on model x which is the suv and model 3 as well, which is the low-cost tesla. >> i heard you can start to get some of the used teslas. >> yes. in fact, that's going to be a really

one hand there was weak economic data coming in from the united states, which caused the euro to climb upwards and has put a damper on share prices here. on the other hand, positiveearnings reports came in from all eons and -- from allianz. a small ipo took place here this wednesday. it is an internet portal which is mainly selling now these and baby equipment. the mere fact that there was an ipo is good news for people here. what's more, this thursday will bring another ipo, for a leasing department of germany's large auto rental company. >> 70 years ago, germany was experiencing the final days of world war ii. the soviet army was marching in from the east. >> in the face of a looming defeat many germans decide to take their own lives. >> in a small town in mecklenburg, western pomerania hundreds killed themselves and their children. >> chit -- today the town has become implementing of the wave of mass suicides that swept the country. >> it happened 70 years ago. as the war was ending, his family fled to this field, and it was here that his mother made a terrifying decision. >> she had lost all hope. it was all over. we had lost the war and she wanted to kill he

this mixed economic data if we dig deeper behind the earnings report, things are not that bad, even if lowe's had different -- disappointing numbers, some of the commentary from a call was positive, the ceo saying he was encouraged by the consumer survey where they continue to see views around personal finances and home values improved, shifting more spending to home improvement and highlighting lower fuel prices. carl: but not good enough. big fear ofs the people that i speak with, that the fed will miss the boat on when they can high grades, inflation will get away from them and they will have to hike more rapidly and cause a temper tantrum that they raise concern was veryich i thought interesting. they are concerned that the people who have plowed money into these 30 year bonds are going to get a pretty scary shock when rate start to rise and rise suddenly and they have to move much more quickly because they have not moved early enough. alix: that looks good. [laughter] asa: inflation is a -- carl: long as we are seeing slow growth in the economy we are going to see a slow mild inflation. look at consumer spending in the first quarter, personal consumption was way below the l

positioning, most of the people short the euro got stopped out. this moved from 1.15 to 1.10 level. very few people participated in it. >> scott, final question to you. ahead of a very important week of economic dataek. this whole theory is predicated on the idea the u.s. stages a sharp rebound in the economy like we saw last year. how are we positioned? how does the economy look to you? >> i think we are going to come out of this year with about a 2.8% gdp number. maybe a touch lower than that. not much lower than that. we do expect better growth as we move down the road. sara, you want to focus on industrials, technology consumer discretionary sector. those sensitive to the continuation of recovery here and continuation abroad. we'll see 1.3 gdp in the euro zone. things are moving in the right direction, just moving slowly. that's what you want to keep in mind. >> scott renn david woo, good to see you both. thanks very much. we didn't get to the nikkei up for 11 days in a row because of the weaker yen. >>> dow is down 88 points. today is the last trading day in may. could we be looking at a june swoon? historically only two sectors have had positive average return during june. dom chu has more t

economic data, it is not that great. but leaving interest rates this low for this long has its own set of problems. erik: sure but put yourself in the position of someone on the fomc. you may be worried about economic distortions, but there is little signs the economy is picking up steam. there is no inflation we can see, or very little -- stephanie: let's just leave interest rates where they are, let asset prices rise, let money managers and professional investors make more money while the regular consumer is not affected. okie-doke. turning back now to greece. i want to bring in our international correspondent, hans nichols. tell us what has happened. >> we had a greek government official deny reports, deny the fact that greece is considering a cyprus-style bailout. there has not been any public talk about a bail in. the idea that this week government official is denying a bail and has spooked markets. the 10 year up. that is on the bad news. the medium side, the eu commissioner for the economy was speaking in berlin. he said some progress is being made, but he cautions there is a lot more work to be done and there are still big issues wit

economic data seems to be the risk now. for us the trend continues to be somewhere in the neighborhood of 200,000. that's a positivein a moment. your thoughts, is it harder and harder to keep your optimistic view for the second quarter and the second half of the year? >> when you look at the data i think it's better in the under lying. you got to consumer strengthening with the nonmanufacturing. you've got to bank lending numbers coming in better. real income was up 6% last quarter. that's a big move in real income. there's a lot of underlying trends with the noise happening. >> so you're sticking to the positive momentum that we're seeing in the economy. as far as the world wide sell off, it's hitting treasuries and happening over in europe. is it a question of an uncrowded trade or something changing underneath the surface. >> we like to call it the end of money for nothing. basically, people got carried away taking it down to zero. the fact is europe is starting to improve slowly and as the world economy rebalances as we've wanted to and we're seeing that in the euro and oil, we think it's going to be positive a

economic data should improve. a june rate type is unlikely. you're looking at shares of llama -- yum. the firm holds a significant stake in yum brands. they began their positionter on the view that yum is in the early stages of turning the page on its troubled china business. he explains why the company is in a position to change its fortunes in china. he also began a position in debin energy so we see a move in that stock. it should be dev equity. dvn. we will pull this up. if you look at how the price there is moving, it is up about 4/10 of 1% so not as large again as yum. but third point is beginning a position and that energy company saying he sees value there. overall, the take away from the download letter to investors as they are finding opportunities in stock in the u.s. and japan and notably in devin energy and yum! brands. betty: xl group made an offer of $4 billion. it's one of the many mergers we have seen in the insurance industry. joining us is mike who is the ceo of xl group. you say there will be more consolidation? mike: i think so, there are number of pressures in the sector. there is a thirst for new capability so i think they'll there will

economic data. now, hugging that flatline. dupont the biggest mover in the dow, otherwise a session where the dow's down 1.5 points the s&p barely positive. >> a lot of earnings to digest. belly up. we've got an earnings palooza after the bell. cisco systems, jcpenney shake shack, a few of the biggies reporting after the bell tonight. we'll bring you the numbers the second they hit the tape and instant analysis from our pros. >>> back to philadelphia for the latest developments in the deadly amtrak plane crash. what needs to be do to fix the aging infrastructure across the country. [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. [ male announcer ] your love for trading never stops. so if you get a trade idea about, say organic food stocks schwab can help. with a trading specialist just a tap away. what's on your mind lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see h

positive open. dow open higher by 100 points and the nasdaq higher by a little more than 30 in the wake of the economic data >> and and we are excited. really excited. to welcome mika brzezinski, co-host of msnbc "morning mika." it's -- >> it's "morning joe." >> still? >> we'll see about that. she's here to talk about her new book "grow your value." about giving women entrepreneurs the tools to work to their full potential. good morning. great to have you. >> thank you. >> just one comment. i saw ten things to help i think it was women do something right. dress right when they go for the interview. why couldn't that be me? why couldn't i use the same tips? >> nobody cares what you guys wear. that is the unfair truth. you guys are all wearing the uniforms. except for you. >> these are gender-specific tips. there is nothing for me at all in this thing? >> no, the book -- >> i'm not paid what i'm worth. >> well, we can talk about that. because some of the advice absolutely is universal. and a lot of people suffer from these struggles. >> him saying i'm not paid what i'm worth where a woman doesn't say it. >> f