but the miners are underperforming. >>> and a tax u-turn. donald trump says he would raise taxes on the rich in a major break with party ranks. >> i'm going to fight very hard for business. for the wealthy, i think frankly it's going to go up. you know what? it really should go up. >>> good morning and welcome back to "street signs" here. we are picking up momentum on the european market. this after investors were awaiting the nonpayrolls on friday. we got a number short of expectations at 160,000 when you look at goldman going up to 240,000. >> initially we saw the dow dropping and saw the recovery. now the fed may not be hiking in june. >> on the equity side, the bad news translated to good news. we got a modest uptick but here's a view of where the u.s. stocks are headed today. here's a look at the futures, green arrows across the board. a modest call for the s&p 500 higher by 3 points. the dow jones higher by 22. and the nasdaq which was really hurting on a weekly basis called higher now by just about 9 points. let's give you a closer lo

vonnie: any other notable underperformers, abigail?s of tesla will down 10% on the week and down three weeks in a row after the company posted a mainly inline first quarter, what could be going on here, tesla did set the goal to produce 500,000 vehicles per year starting in 2018. some may view this as rather ambitious considering the company produced slightly more than 50,000 vehicles last year. so really big growth trajectory there. so some investors may be focusing on the company's high cash burn, increasing debt and some view as production issues. this has taken the stock below its 200-day moving average, fairly bearish the last few times it has happened. vonnie: it's always a storied stock. thank you so much abigail doolittle at the nasdaq owl week for us. is a june rate hike out that many economists and managers this morning shortly after the government reported 160,000 new jobs were added last month. now, the fed would be wise to pay attention to markets, here he is with bloomberg's tom kean and michael mckee. >> much depends on

even always the stock was ascending, it was not only performing, it was underperforming. but importantly we've broken above this relative downtrend line. that is a big development. now, let's look at the chart itself. all over the place. you could draw the double bottom, you could draw the double top. double bottom. double top. and what i see is, something along the lines of this. so here's the -- the pen doesn't work. the presumption is we're going to conclude this by higher prices. so up here. where the pen's trying to write. there you go. 1-7, 1-10. >> carter in his polite way is taking it out on the pen. >> we were just hearing from julia boorstin about all the excitement around the movies. which is generally where people tend to focus their attention when they think about the company. but that represents less than 20% of the revenue. where is the money actually coming from? media networks, principally espn, probably their marquee property, and parks obviously bring in a lot. obviously disney had much higher levels a year ago. we have a company that's trading at about

so advancing on an absolute basis, but underperforming the s&p and underperforming its peer group.hings like coke, or kroger's or walmart, what have you. now, this goes back to when the bull market started. trends matter. trends are real. stocks typically trend down or up until they doan. what we know is, that is the trend line. by all accounts, we have responded to this line beautifully, beautifully, beautifully, and my thinking is, we're going to come down and check this once again. so that's sort of the setup. i want to do a few other things just for fun. a little bit of funny mentals. this is the price per share versus earnings per share since the prior peak in 2007. so obviously price gets a little bit cheap maybe, maybe gets a little bit high. but it's certainly above trend if you were to measure, quote, trend by earnings. and you want to look at it in numerical form, here it is, trailing pe, 27. forward pe. 26. if you pay a multiple like that, latest quarterly growth, nothing. latest 12 months almost flat. and five-year growth, growth is decelerating. the multiple is quite h

>> well, the fundamentals are on stock, and the fstock is not underperforming. >> and that is for me,cause they have to underperform for ten year, and they had to get out of sci-fi, and get rid of legacy businesses, and they took too long to do it, and they did do it, and the stock was rerated last year and a great year, and now it is running up against the valuation wall. that is fine. over the next five years, they are nef ri business that you want to be in and doubling down on the technology and a lot in t the health care, and they will make it work, and the stock is a buy in the high 20s. >> high 20s. >> that is where it is. >> it is at 30 right today. >> okay. buy. >> and still, the same thing? >> yes. >> and my only comment on this is that i like g.e., but i have to recognize that what it is the s&p 500 with the beta of 1.3. so if as i was saying earlier that the s&p 500 is not going to be breaking out of the range, it is hard for me to justify that g.e. is going to be breaking out either, but other than that, i do like what it does not just in the health care as josh mentioned,

we would still come ourselves, by more of the defensive spaces, which are underperforming -- underperforming. if the fed keeps going, the dollar strengthens. that takes another bite out of u.s. earnings. it is a two-edge sword. shery: you talk about u.s. earnings, we are coming to the close of a season now, but that is not have that much of an impact on u.s. stocks. not much has changed from the beginning of earnings season and now toward the end. why is that, and a you think earnings could get a boost later in the year? mr. auth: the market does. if you look at the consensus on bloomberg, they are currently at about 17 on earnings. we are at 115. a lot of that is back-half loaded. if you look at the former 12 months, which takes you into the next year, you see a big goose, and the consensus is 135 on earnings in the s&p 500, which is a big jump. if the economy can hold on, the election does not digest, and china does not blow us up -- shery: you think china will blow us up? david: they have a lot of --mr. auth: they have a lot of weapons, and they can at least stall for time. i do not know

the yield they provide to investors and then to have a flood of money into the areas that have underperformed that are more economically sensitive like tech? >> yes, we have seen the hints of that with the bond going higher and the fed coming out in june, because they won't go by the election later and we have four meetings left, and going in july, also, and i would say that this is a thought out there, and as trump moves higher in the the polls, and if the republican is elected and forget that it is trump, you will get the regulations bumpeded back and more business friendly environment, and the ceos will get off of the neutral and willing to spend the money, wrand? upgrading tech. so a bunch of things can go right, but valuation is stretched. >> and everybody was talking about the federal reserve surprising with the hawkishness and the june rate was not surprised with the market turn around and people were positioning for the downside. i think that people are turning to the other way now. and markets can recover with the higher equity prices. >> yes, for a year. >> yes, that is the environm

the group underperformed. franklin templeton increasing its development -- its investment in brazil. the executive chairman of the fund managing emerging markets about the study. >> i don't think it is fully priced. i believe, however, we have seen a big rise from the low point. if you look at where we are headed from the previous highs, we have a long way to go. 100%, 200%? >> we would go up in brazil. we would add money. donald trump repeated his claim that hillary clinton is using the women's card to win the democrats nomination. front-runner told foxnews if she were not a woman, she would not even be in the race. meanwhile, speaking at his last white house correspondents dinner, president obama made it there who he thought would replace him. president obama: next year at this time, someone else will be standing here in this very spot, and it is anyone's guess who she will be, but -- [laughter] [applause] global news, 2400 journalists in news bureaus around the world. more of our top stories. let's get you

they're underperforming because everybody who made jackets underperformed this year. >> warm winter. >> yes but again, they have this stable of brands including vans, timberland, the north face, among others. and they are just excellent merchandisers and retailers. and they know what people want, make it, and do it in a very cost effective way. >> now to technology. intel made your list? >> exactly. we think they're misunderstood because they are intel inside, in your pc. but we think they're going to move into mobile devices more and more. and cars and everything's getting smarter. we think intel has the technology that will drive our smart devices. >> all right, kim, on that note we thank you very much. we'll have you back soon. kim forrest with fort pitt capital. >>> coming up, how a box marked "junk" became one man's secret to success. the story of how he made his millions coming up next. >>> and here's a look at what to watch for next week. tuesday more retail earnings when home depot reports its quarterly results. wednesday the federal reserve releases the minutes of its last m

they were downgraded to underperform neutral.d they have at admission to drop this year. projections,nue they will try to cut profit estimates below the projected range. and, in terms of both cosco and outperformey will the $159 target, have cosco with the unique asset. they are positive with walmart trying to underperform the downside earnings with upside potential in the near term. back to you. next, the market is still deep in the red. they are -15 points on the s&p 500. that open his next on bloomberg go. show me movies with romance. show me more like this. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. show show me more like this. s. show me "previously watched." what's recommended for me. x1 makes it easy to find what blows you away. call or go online and switch to x1. only with xfinity. john: we are minutes away from the opening bell. abc's opening europe is much lower. putting the 100 up best extensive 1%. when we get

it is far underperformed its european peers. continued lawsuits that are brought up, it seems almost daily. now we have seen that they have slipped down to fourth place as far as global currency traders. more than $5 trillion a day market. deutsche bank has less than 8% market share. this time last year they had more than 14% market share. it has been a rough week for deutsche. primark, what do i say about it? how do we think this market is ?oing to open that is the story from yesterday, a massive rally from the stoxx 600. this morning, we are going to add to it. the market open, next. ♪ guy: good morning. welcome to "on the move." i am alongside matt miller. he is in berlin. where moments away from the start of european trading. matt has your morning brief. matt: thanks guy. greece gets its money. germany and the imf released 10 million euros -- 10 billion euros of aid and restructure athens debt. with critical with critical details yet to be agreed, has the canned been kicked down the road again? quick scan the bank now avoid

he said managers underperformed what you could get "sitting on your rear end" in index funds. franklin templeton increasing its investment in brazil, betting the ousting of president dilma rousseff will boost the country's assets. 'srk mobius spoke to bloomberg manus cranny. mark: i don't think it is fully priced. i believe however that we've seen a big rise from the low point. if you look at where we are headed to the previous highs, we've got a long way to go. manus: how much more can we go? mark: another 100%, 200%. manus: would you add money now to brazil? mark: yes. juliette: donald trump has repeated his claim that hillary clinton is using the woman's card to win the nomination for president. despite a backlash, the republican front-runner told fox news if she were not a woman, she wouldn't even be in the race. white househis last correspondents dinner, president obama made it clear who he thought was going to replace him. president obama: next year at this time, someone else will be anding here at this very spot and it is anyone's guess who she will be. [laughter] [appl

it is underperforming the other three.ty crown prince is to be believed in terms of delivery, as this an opportunity? local markets are up by 15%. been veryave skeptical about saudi markets. they were losing sleep over it. as investors, we were right to be cautious. this is one market that has to underperform. it is down year to date and from the huge we saw when retail interest in the middle of blast year. you could easily see 15% on this index. it needs the crown prince's word to be put into action. manus: that is by dropping the production by 2020. they never get off oil, 70% of their income is oil. but they have a lot of money to put into action. if you look around the world, most governments will have to take on more debt. are stillthere substantial amount of assets in the country to can be sold off and eight t smeal way to raise revenues and be in -- peicemeal way to raise revenues. manus: this is specifically inside, that is the slowest rate of decline since july. do you think the sovereign wealth fund, that puts a

what you are seeing after three years of underperformance, now you are seeing a flow back away from the.s. and you are seeing that with some of the emerging-market currencies getting stronger. i believe we are at a turning point for emerging markets. mobius, theark executive chairman of templeton emerging markets. very confident on emerging markets and very confident in the gcc region. b.: thanks a lot. with us now, ashok shah, director at london investors and capital. emerging-market turning point, yes or no? ashok: not necessarily. the core driver for equity markets are the direction of the corporate earnings cycle. what we are seeing right now is the rate of return on equity continues to update. corporate earnings last year were down big time. expectations for this year are probably very lackluster growth. of course we have had emerging markets being sold off for a number of years. they were looking very cheap. if you looked at the price, they were looking very bombed out. the fact is that they were a very out-of-favor asset and all you needed was a few drivers in the short-term to t

the result, underperformance from the stocks of u.s.companies that benefit from a weaker dollar and are doing quite well on a fundamental basis. two obvious ones. mcdonald's has since plummeted back to earth. and pepsico which had pulled back from 106 over 100. let me start by saying both these stocks are buy buy buy! mcdonald's is doing the best it's done in years. i know many of the critics saying the all day breakfast is a one trick pony that has run its course. i disagree. this has been discounted again and again by people but it still has legs. secondly, it barely started kooching and they are beginning to staff the stores as they accept there's something big in the air. and they are buying into it. go do some homework. oh. but the fact is, mcdonald's in the end, it is a gigantic international presence. the stock has been pummeled since the narrative changed. how about pepsico? while the company has been dinged for the 3 central soda. at a in the city of brotherly love, 45% of sale are from overseas. and it had such a great quarter

that tanks have on their balance sheet, perhaps real estate that went bad or mortgages that of underperformedthey want to get rid of, or businesses they no longer want to be in. so-called non-core, i.e. no longer important to a fair doing. it is a long and lengthy and .rawn out process it says a lot about europe. vonnie: they assume there will be a higher at some point. they assume they get a real ignition of interest? >> i do not think there is a lack of interest, per se. in some ways, you could say it is the opposite. saying they really want to buy this stuff, but it is too slow coming out. we raised money and got ready to buy but it has been a slow process. things could last until 2021, it gives you a sense of how much longer this trend and this market and the supply of assets will last. give us an idea of context. where do they fall in the context of high-yield assets? you have a real mixture. back in 2010 and 2011, you had assets trading, we spoke to pete and they were trading at five cents on the euro. terribly distressed. i think a lot of that stuff has been sold. otherssuch as rbs or

disney also underperformed component. the industrial average down as much as 40 points at the opening today. more than 3% in the past year. transfer the $6 million merger between staples in office depot is off. the federal judge blocked the merger because of antitrust concerns for the judge sided with the federal trade commission here which would lead to higher prices in bulk. steve also have to pay office depot breakup fee of $250 million to your nicole: less catchy pop in the global market action. the next agony shifted to shanghai composite in japan's nikkei gradually gaining each handset down about 1%. lauren: let's flip it over to europe to see trading in the early going this was the morning. ftse.net port of 1% in the dax down half% and the cac in paris on the full percent at this hour. nicole: rarity told you about disney and dow futures today. opens at 9:30. down 51. s&p down for. lauren: one reason i one reason athletes are down 45 cents per order for dollars 22 cents a barrel. we get a report on and tory. gold t

netflix is underperforming. in the last week it seems to have caught fire. what the heck do we do with netflix? the stock is down 30 points from its highs last december. i think it is worth remembering that we've seen this story before. we saw it on netflix. netflix pulls back hard after a pro longed run. we've seen it twice before from 2011 and again if 2014. net nix stumbled in july 2011. the stock went into free fall. then trading for the better part of the year. then it got its mojo back. as the overseas expansion took off. orange is the new black. became one of the most popular water cooler shows around. the stock rallied an astounding 745%. once again though, when it got overheated, the stock fell off a cliff. as people worried about new found streaming competition. and then the company hit a real speed bump. disappointing subscriber growth. coupled with higher content costs. it peaked about six months ago. is this what we've seen before? it finds its footing and powers to brand new highs? a process that might have already begun? in order to answer thi

industry,injury -- performance-wise, you would expect a hedge funds to underperform enable market, andorm in the other. i think the industry has shown it is been able to do that. controversy recently, but i think that mismatch investmentt your horizon is, versus what your investors, what their alignment is, is a big issue. some hedge funds get that right and some get it wrong. scarlet: could you tell us about the ranking system, because what , you actually look for companies in special situations and there one time distributions. divya: it is not we at sumzero, but our community members. i think the reason why these guys do come to sumzero is because there is analysis and insight. we are not necessarily making it to bloomberg news or covered by wall street. the ranking is to show which analysts are consistently performing well, not just having one good idea on the platform, but a string of ideas that are consistent at performing well. , thank younarendra for joining us. scarlet: how a company has found its footing when it comes to sales. ♪ scarlet: i'm scarlet fu, "what'd you miss?" in

yet the underperformance during that year, it was pretty darn palpable.ow, i've always thought these cell phone towers have a terrific business model. you build one of these huge hideous towers somewhere. even the once that look like ever greens are so ugly. you've seen them. and you can start leasing space to the wireless carriers on them who want to put up antennas. but here's the thing. you can put up multiple antenna arrays on an individual tower. once it is up and running you can rent antenna space to all four of the major providers in this country. and even one you slam on the tower is basically pure profit. why do these stocks get put through meat grinder? they got hit with some very specific industry concerns. reports started to emerge that sprint had finalized plans to cut costs. sprint indicated they would relocated the radio equipment. it would cost a lot less. suddenly it became a must sell category. people were shortening these left and right. they were so hated. and the stocks continued to get slammed until bottom in february. however, right

solar stocks have been underperforming.e this chart, even underperforming coal here today. incredible solar has done so poorly. on the one hand, you have rising demand for solar. you have addictions to store even more and on the other side, you have individual companies and bankruptcies saddled with a lot of debt and execution issues with individual companies like solar city. that has really put pressure on the stocks. todayle of other losers -- mankind, the drugmaker, those shares tumbling, down by 27%. the companies lost was wider than estimated and is selling more shares. it's going to hold a direct public offering with a combined purchase price of $1.03. the company has had a lot of troubles and back and forth. it had an agreement to istribute and -- why am blanking? asthma. i'm really doing well today. becauseement ended there were concerns about lackluster sales. the company had struggled to recover after that. scarlet: for eight years in a row, the world economic forum had deemed them the world's soundest -- we are t

investors are cheering the training of this underperforming unit, especially following the company'sinting report a few weeks ago, weak guidance. from a technical perspective, the chief technical officer at an km holding is neutral on shares of microsoft, but he does concede that after the stock did contest the 200-day average, there is a chance the stock could get back to the middle of a recent trading range, near $54 per share. we'll have to see what happens. overall, he is neutral on microsoft. shery: two are so much for that. let's now expand on that -- thank you so much for that. let's expand on that topic. john butler is a senior analyst at bloomberg intelligence and joins me now. and make thison $9.5 million -- billion dollar deal with on the handset business. now they are shifting strategy. what happened here? john: so, first of all, i think the person to blame for the in 2014 -- shery: steve ballmer. john: was steve ballmer. if you look at microsoft to that point, they really missed mobile. they just missed it. it was amazing. they bought gnocchi of national nolia handset bu

there are no bad people are underperforming, but simply because of the scale of the operation means that they inevitably grew the structures in the system and the bureaucracy and their incentives are to make that growth. there's only one thing to do so my analogy which started off as a bit of a joke, but then it took on a level of seriousness because i really meant it was about a building in london called somerset house which was the administrative center of the british empire. it's a very big building and it's now a space for restaurants and so on. it did run the british empire. now, you're not talking about the british empire. you're not even talking about britain. i said how many people could fit in that building that once ran the empire. the answer was about 10000. we actually reduce the number to 10,000. what would we do, how could we run the modern state much more in scope with the british empire with that number people. it started off with intellectual and experiment. the more time i spent, the more i realize that really is the answer. he was a nonexecutive advisor and i could tel

it is reassuring for a couple of days and then typically the stock underperformed over the forward threehat was a more helpful indicator is to look at when apple really accelerates the share repurchases, and does 5 to $8 billion per quarter in the share buybacks, and what we found is that when that amount was double, the stock significantly outperformed in the form of the tune of 20 percentage points relative to the market, and the old adage of do what they do and not what they say holds true in this case with apple. >> toni, isn't that the case for most companies that they are usually more reactive than pro active and not just apple here? >> yes, look, it is human nature, and we have not run the analysis across all of the stocks in the s&p, and what is striking is that when apple had the average buybacks since tim cook is ceo, the stock has underperformed by 5% over the following four months, and when apple did accelerate the buyback stock, it outperformed by 20 percentage point, and so that discrepancy was very notable. >> we have establish ed cycle change, and the phone is more mature

i think you can justify the underperformance in the ftse 100 this month by the losses we sold, too. we'll be talking far more about the european markets and more broadly later on in the show. for now, let's look at stocks, volkswagen shares tumbling to the bottom of the stoxx 600. with low expectations, stoxx did make the rise to profit for the embattled carmaker this following a torrid 2015 with record losses on the back of its diesel emission scandal. france's pugheot family, considering a sale of all or part of its holding. air france inching higher after the pilots going on strike over pay conditions equaling pressure on the french government struggling with strikes over proposed major reforms. separately, air france-klm is selling to chooiinese conglomer. francesco, we didn't see a sale in may, with losses at four-week high. trading is tough? >> it's very tough. we remain defensive. and we're very wary of stock markets. we think there are risks out of there. with many events, beyond that, markets still look expensive to us, especially the s&p. and for no fundamental reason for

that underperforming the broader market losses we're seeing in germany. some investors cite concerns over the financing picture but also the price when you look at it, $62 billion higher than many anticipated when we got initial reports of this deal in the works. on the other hand, this is monsanto closing 1% higher on friday. they perceive this deal as good news. for more perspective, alex tarrant is joining us on the phone. it's a blockbuster proposal, no doubt about it, but how tough will the job be at bio to convince investors it is worth it? >> well, good morning. yes, we have had some reaction from the investors with the shares down this morning. we had a few comments last week from certain investors that they were perhaps questioning the deal and i think even over the weekend and this morning you have union investment question whether this leaves enough firepower for bayer to fault on acquisitions after this. but obviously what bayer will try to do is highlight the general space consolidating and that these companies do need to move. you have synge

this is an underperformer. that's where the opportunity may be.is to a neutral. slashed the price target to 60 there are from $83. the bullish theet is is busted. enks disapoint last night. what is worse is that comps in april, a bigger miss than in march which was a bigger miss than in february. so the trajectory is just awful. also international expansion was a key part of a thesis. that has yet to be materialized. sales only see modest gains in margins >> yeah, this is -- stocks down 30% this quarter. >> it's been a terrible ride those three months. >> no one is buying clothes. >>> all right, third stock -- >> certain kinds of closed. l brands. >> there you go. >> underclothes. >> another big sector on refining by ubs. they start eed coverage on teso but ubs only likes tesoro. they started about 25% upside to where we are now. they have a neutral rating except for a sell rating on marathon. the analyst says refiners are "no longer a safe place to hide." they went up as oil went down because of crack spreads widening. but they say tesoro warns a

i mean, didn't we see that in a period of underperformance in tech shares?we've seen with google and apple and amazon the last two or three years, what happens from time to time is they have a missed quarter and there's a little bit of dislocation in terms of market expectations. so many people are on the one side of the boat playing the stocks that when they miss you get the huge downdrafts, incredible buying opportunity and then because we're in this bull market three, four, five weeks later, value -- people chase value and so, therefore, you have a resurge in a lot of these names. >> you know, dennis, listen, you look at the volatility side of things okay so you can talk about the vix being too sanguine, who knows. when you look at big cap technology though do you see a general sort of lack of fear in the market right now? >> well, i mean, there's a lot of fear in apple a few weeks ago, carl icahn liquidating his position and warren buffett came in and said he basically bought it. >> i think right now you're looking at apple, intel and microsoft. there's

not because they were bad people or underperforming but the sail of the operation -- scale -- means they grow the structures and system and bureaucracies they thrive on and their incentive is to make the growth. so there was only one thing to do and that is cut it. my analogy which is a bit of a joke, but i took on a level of seriousness because i meant it, there was a building in london called summerset house, and that was run from this one building in london. it is a very big building and now a civic space with galleries and restaurants and so on. but it did run the british empire. now you are not talking about the british empire. you are not even talking about britain because it is england. so i said how many people could fit in that building that worked with the empire? and the answer is about 10,000. and the central policymaking was more like 200,000. so what if we actually reduced the number to 10,000? what would we do? how could we run the modern state with that number of people? it is a thought experiment really. the more time i spent in government the more time i thought that wa

they believe the candidates are underperforming and that they could well lose, costing them the senate're seeing a furious push behind the scenes to get marco rubio to reconsider and run and file papers before the deadline. last week it was extraordinary, majority leader mitch mcconnell asked senate republicans to directly lobby marco rubio, push him to run. we talked to the chairman of the national republican senatorial committee who said there is a possibility that rubio could run. but rubio's friend is in the race and he says he doesn't want to run against his friend. expect the pressure on him to intensify. >> donald trump used to call him little marco, expect him to enter the race. it it's. >> june 7th is of course still a week away but another anniversary is coming up, june 3rd, 2008, the day that barack obama locked down enough delegates to clinch the nomination in 2008. and for her, i'll be watching to see how she's switching gears and getting herself into that mindset as that date approaches for her, on june 3rd, 2008, obama said you chose to listen not to your doubts or your

tricky thing is, since hitting their respective highs, many of the names have severely underperformedhe market. here to explain is dominic chu. hi, dom. >> well, melissa, i do my best and i certainly try to manage expectations. and speaking of those expectations, the current market has already taken a lot of the heat away from some of the hottest trades of the year so far. the stock drops have more than a few traders wondering if it's the real beginning of a trend reversal. we took a look at the s&p 500 large cap stock universe. about 100 have hit fresh 52-week highs sometime in the last month. that's not bad. here's where things get a little worrisome. 23 of those names have now fallen by at least 5% from those lofty levels. among those names on the short list, gold and gold mining stocks have been hot and no exception for newmont mining. but it's cooled off, down 5% from earlier this month. we know how hot mcdonald's has been. but it's now fallen 6% since then. retail a big focus lately. coach has been on the upswing since the year started. but it's now down 7% since its recent high

>> underperform rating at csla it's a relative rating so the stock is in a pretty tight trading rangeyou know, the problem with intel is they are a company in transition now so about more than half of their revenue comes from the pc market. it's no surprise that people -- no surprise to management that that is in secular decline, but as they grow into other market segments and some of the things they are looking for, internet of things and new memory technology and cloud servers, we think they will have to compete on a more level playing field, and it's just really hard to replicate the dominance that they have in pc and the competitive advantage that they have there. >> do you think they get headwinds, the kind from other companies that get such a large percentage of their revenues overseas? >> for intel and for the semiconductor industry in general, what's more important is the price of the end goods. so what happens if we've seen the fx headwinds, the price of say a pc or smartphone or local currency in some place like russia has gotten very expensive so for the semi companies it's

hoping to turn the beat around in america's underperforming schools, fir obama welcomed student performershe country for the first ever white house turn around arts talent show. >> this wasn't just any talent show. abc's serena marshall checked it out for us. >> reporter: they were breaking it down and singing it up. ♪ kids from across the country showing off their talent at the white house all part of the administration's turn around arts program that aims to bring art classes back ing inlow performing schools. >> across the country, arts classes were being cut back or eliminated all together. over a million students weren't getting any music education and nearly 4 million students had no access to the visual arts at all. and these were serious losses for our young people. >> reporter: the program pairs up schools with famous mentors like bernie williams,little buck and paula abdul. >> having arts fully part of my school discover having alignment with passion. it only fueled me to do better in school. i had you know, the ability to see other kids who shared the same passion as i did. >> r

he underperformed at the draft combine and experts say there is a good chance he goal undrafted and betterfrench open. andy murray wins a five-setter. he beat the frenchman. 6-2, 6-3. he advances. final note game five of earn on cons framesd eastern conference finals at 8:30. raptors-cavs. honestly, i thought your cavs were going to sweep the raptors. i was wrong. leon: good. like it. keep it interesting. maureen: good weekend ahead for us. doug: we have some possibilities starting off on a good foot here. showers and the thunderstorms are possible. steve rudin has more at 11:00. maureen: thank you. "world news tonight" with david muir coming up guess which airline added more nonstop straight-shot flights hey, d.c., than any other out of reagan national last year? here's a hint. did ya catch it? no? here's another. their colors are yellow, red, and blue, and they save you tons of green. still nothing? that's okay. just go to southwest.com for the answer. on this airline, everybody wins. sfx: clap, clap, ding >>> as we come on the air tonight, the tornado watch just issued. and autho

everyone wants to know what these guys are holding when many of them are underperforming the market. jonathan: the billionaire bears getting behind gold. lisa: talking of gold, coming up, watch more go. talk of helicopter money will curb central-bank -- will current central bank policies keep on track? ebrahim rahbari joins us. we get cti and housing data in the u.s.. more on go next. ♪ econ recon, a slew of data across the world, give investors better data. we'll talk about monetary policy across the board. mark: companies in gender diversity lead with the strongest returns. morgan stanley reveals his study and how to trade it. john: a warm welcome. guest,ere with bloomberg lisa and david westin. will be here in 30 minutes. john: coming up come looking for to that. 30 minutes away. in 90 minutes, will have the market the feature is down. s&p is going nowhere. we have the cash open looking very boring. we are down one half of 1%. the deck is rolling open. we go very quickly through the other asset classes. focus boostingin chances of remaining. at 11320.rency crews are positive for t

so you have earning reports, and huge underperformers and look at amat, the stock is up, but it is tradinghere it was in 2014. and qualcomm trading at the same price in 2012. it is a nice one-day event. let's not extrapolate that out into the future, because they are not going to bet beating earnings the next week or the week after that or the week after that, and it is a one piece of news in a slog of down trend and underperformance. >> and the thing is that there is no news on these today. part of the thesis, and why i am focuseded on the yield with the stocks is that i don't think that the s&p 500 as a measure of the broad stock market is going much higher than it is right now. we are stuck in the broad trading range 2100 to 1,900 on the s&p 500 for most of the last two years, and there no reason to think that we will break out of it, because as soon as the market picks up, the fed is going to be greenlighted there, and the fed will put a ceiling on it, and the yields of 3.5% and 4%, and they are absolutely safe, because looking at the cash on the balance sheet for the companies, the yi

interestingly enough the dow is still the underperformer, down about half a percent.e s&p down about two points closing three points below the 2100 mark and the nasdaq up by 14 points, the far best this month with gain of 3.5%. coming up starbucks ceo howard schultz tells us about his new products and plans for the future and he'll talk earnings. we're joined by mike santoli here on set along with our fellow cnbc colleague kate kelly, not jelly and "fast money" guy adami joins us as well. the market was pretty bad. >> it was a little bit caution for sure. i think this makes like ten in the last 13 months. i have no idea why that might be. you've debt it inially got a soft chicago manufacturing number. think it's one of those things that adds to the idea if it's not gaining momentum, maybe it's a little bit cautious. hi will say the big under performer there is about boeing. i would say it's essentially flat and it makes sense in a way. they got though that 2100 mark. it's kind of stalled there several times. >> and we hit a couple of deal headlines, kate. nothing too

if you look back at the end of next year, they underperformed.ve come back to on spread with treasuries and funds. every basic risk has rallied about 50 basis points. respects, they market has become a little bit more optimistic about the remain. caroline: does that include the pound? >> the pound has sold off about 9% on a trade weighted basis. we thought originally, if we we wouldan exit view, see 20%-20 5% depreciation -- 20% to 25% depreciation. that is our view. guy: that is making mark carney and the mpc's job just that little bit more difficult. ireland bracing for the brexit. is there a european union without britain? that is next. ♪ caroline: welcome back to "bloomberg markets: middle east ." -- welcome back to "on the move." our next guest says a deterioration in sterling is making it tough for irish exporters. what you're not joined from dublin, where bloomberg is holding a brexit debate. we are glad to have you on this show. give us a sense, where are your views at the moment as to whether we will feed thsee the u.k. brexit? >> the li

what the world really needs is structurally reforms in underperforming economies such as japan, and francelly has moved quite significantly that way, france needs more.hat if we have more structural reforms, that is where the ecb is completely right. then, we would have more growth, and everybody's job would be easier including the job of the ecb. some fiscal stimulus here, a currency move here and there, is good to talk about, but doesn't make a long-term difference to the outcome of the economy that an economy in place. so easy, make it sound but part of this politics get in the way, doesn't it? fairly easy to come up with a diagnosis. if an economy is underperforming, not just for a year, but for longer periods of time, it needs structural reforms. implement in that is difficult. having said that, it does happen. it happened in germany 10 years ago, it happened in the u.k. under margaret thatcher. it is ultimately a question of domestic circumstances. it is good at least to talk about a possible whether or not france doesn't want have much to do with the g7 statement. it is domestic pol

every student succeeds act, it seems that you're letting possibly thousands of schools who were underperforming off the hook by focusing on just the 5% that are really going to get, be targeted the aid. >> the structure of every student succeeds act is to give states and local districts more flexibility, but within clear civil rights guardrails. there is a very clear requirement for states and, and districts to intervene when schools are struggling, as you say, in the bottom 5%, but also schools that have chronically low graduation rates. schools that have significant achievement gaps where subgroups, african american students, latino students, english learners, if those subgroups are underperforming, states and districts also have an obligation to intervene. the president signed the law because he believes it builds on the civil rights legacy of the law, which was first adopted in 1965 as a civil rights law. and so those civil rights guardrails are key, we think, to successful implementation. >> sreenivasan: it actually takes a significant amount of power out of this very office and gives it b

they downgraded the theme park operator to underperform from outperform and also cut its price target to $15 down from $27. those downgrades were attributed to competition from rivals and a lack of pricing power. shares fell 3% to $17.87. >>> shares of electronic arts surged today after the video game maker reported better than expected results after the bell yesterday. those results lifted by the sales of the star wars battle front game and the company's sports games. shares rose more than 13% on the day to 73.38. >>> walmart will sue visa, alleging the credit card company is not allowing the retailer to let customers verify their chip debit card purchases with a personal identification number, which walmart says is more secure. walmart says visa is forcing it to accept signature verifications only. shares of walmart fell more than 2.5% on this down day to $66.41. visa also down over 2% to $77.30. >>> chipotle has hired a food safety expert who was once a critic of the company's response to last year's e. coli outbreak and one of chipotle's biggest supporters still seies promise n th

kubota underperformed 4.3%. toyota and mazda were lower and toyota was hit by the recall of an additional 1.6 million vehicles in the u.s. equipped with faulty takata air bags. meanwhile there are reports that nissan is considering selling its 40% stake in auto parts maker to fund research and development of electctric vehics anand other technology. the news sent shares of calsonic tanking. this week investors will watch revised gdp and the speech by janet yellen on friday. >>> thanks very much for that. many investors throughout the region traded cautiously following the comments from some u.s.-fed officials. seoul's kospi index pell by .9%, closing at its lowest in nearly three months. singapore also declining by .6%. in china the shanghai composite declined by .8%, 2821, snapping two days of gains. lower commodity prices hit resource related stocks. the hang seng gained by a fraction, 19,830 as the closing number. shares of casino operators jumped as tourists from mainland china increased in april. shipments

the dow the biggest underperformer. >> and after reporting a the rare earnings miss.ulia boorstin has before. >> does any shares trading down more than 4% after being down more than 6% yesterday afternoon. disney analysts are for the most part shrugging off the fact that results came in weaker than expected. ceo didn't give any incite into trends in particular but did point to the upside in inclusion in new tv bundles. from sling and population view to other services in the works. analysts saying their long-term outlook is still in tact. unchanged outlook on espn pointing to potential head winds from that shifting media landscape. and nomura analysts anthony clemente bullish under the property the studio continues to produce and the important step of launching disney's shanghai's park next month. the average analyst price target is 112 dollars. still a 10% premium to today's levels. and over half of analysts still have a buy or equivalent rating on the stock. >> hanging on. no wonder the dow is down about 200 right now. joining us today. keith fitzgerald. steve grasso