with tom keene and new york. i know you are very focused on burberry and once again it is fed. tom: it is just interesting there is no news but the news there is is most fascinating. i know we are going to talk about japan and the oddity of their stagnation. it is exceptional to look at their data and the struggle they have for economic growth. francine: can consumer spending left gdp or is it just temporary because of that government release? let s get straight to the bloomberg first word news. call this one a split decision. bernie sanders one that democratic presidential primary in oregon and hillary clinton claims victory in kentucky, although hours after the polls call. it was too close to clinton is inching closer to the number of delegates she needs and sanders is not giving up. mr. sanders: let me be as clear as i can be. we are in until the last ballot is cast. democratic primaries in california, new jersey, and four other states on june 7. a group of so-called sup
market and we saw the s&p turned negative again for the year. julie: sort of bouncing around a bit today. turning negative for the year once again. it looks like investors are looking ahead to the fed minutes this afternoon. they want more information on the that s next move and in waiting for the ash on the fed s next move on the fed s next move. the s&p and our remain in the red today. and dow remain in the red today. the best-performing group today as we see an increase in estimates for the fed to raise rates or moving .orward of those estimates financials have been benefiting from that kind of you. technology, relatively strong. drop in consumer staples as well as utility telecom and discretionary. target is part of the story today. another retailer disappointing. earnings-per-share actually beating estimates put sales weakening. comparable sales up 1.2%. one point 6% is what was estimated by analysts in the company ceo brian cornell saying it is an increasingly volat
increase in december. fed officials are concerned that investors may not have properly assess the likelihood of an increase in the target range at the june meeting. in several times, the minutes note that they needed to communicate that possibility. range of have a possibilities. there was general agreement that, while conditions had improved by late april from the the realirst quarter, strength of the economy and inflation were still at that time difficult to measure. so on april 27, the minutes say participants generally saw the wisdom of leaving rates unchanged at that meeting and then assessing relevance carefully, a stance they characterized as leaving open the possibility of an increase in the federal funds rate at the june fed meeting. the minutes go on to note a few participants explicitly wanted to raise the rates at the april meeting. esther george who dissented from the committee decision, to participants in the minutes argued traditional policy benchmarks, lik
trading in a pretty tight range today. it feels as though they are waiting more direction. that said, stocks are new the highs of the day. earlier, we were offering we were saying major averages trade lower. on the plus side, we have the financials, which have been writing today along with technology. on the downside, consumer staples and consumer discretionary. apple is one of the stocks on the rise today. tony over a bernstein says the company could reach a trillion dollars in market cap if it shifts toward a subscription services type of model where people will pay a monthly fee for their iphone and other apple services rather than one lump sum for the iphone of front and so an interesting call and the stock is trading in the obit higher. we are watching the banks trade higher. they have been going up along with rates today. that is treasury yields on this outlook. perhaps some insight in the fed minutes that we will see in interest-rate sooner rather than later potentia
anthony mackie: i keep having this dream. a comanche war party searches the house. it is only a matter of time before they call me up to where their knives gleam. he s gone. the president? an accidental president, that s what they will say. i urge you to enact president kennedy s civil rights bill into law. that ain t going to be easy, dr. king. we will have to hold his feet to the fire. we in the senate intent to filibuster this bill. if you get in my way, i will crush you. this civil rights bill just killed your election chances. government does not do what is right, this will no longer be an option. is that a threat? everybody wants power. they think it ought to be given out, free of charge like mardi gras beads. nothing comes free, nothing. do you think everyone will suddenly start dancing to your tune? all we are asking is to live as decent human beings. i m trying to turn this country around. my people want results. it is time to act. to st
happy friday, sports fans. littlet our show with a british flavor because of what the donald trump said about david cameron. in the spirit, we brought along our trump phone booth. mr. trump, operators are standing by. egyptair, coverage on not a lot of other news. the presumptive republican nominee, what he said about the british prime minister would be big news. they have not been the best of friends. david cameron has called donald trump s proposal divisive, stupid, and wrong. , thed trump told gmb british version of gma, that he is not a divisive person and i m not stupid, ok? which makes donald trump s statement rather interesting. he came after me a little bit. he would like me to visit 10 downing street. they put out that invitation two days ago, so i would do just fine with david cameron. i think he is a nice guy. i will do just fine. they have asked me to visit 10 downing street. i might do it. minister srime office at 10 downing street responded this afternoon
oh and cheerio and pip pip. we start our show with a little british flavor because of what donald trump said about david cameron. in the spirit of such trump phoner, we brought our own trump phoner phone booth in case demand in case the man calls. in the day s coverage on egyptair, not a lot of other news is breaking through. on any other day the presumptive , republican nominee, what he said about the british prime minister would be big news. for context they have not been , the best of friends. david cameron has called donald trump s proposal for a ban on muslims divisive, stupid, and wrong. donald trump told gmb, the british version of gma, that he is not a divisive person and i m not stupid, ok? which makes donald trump s statement about p.m. cameron rather interesting. mr. trump: he came after me a little bit. he would like me to visit 10 downing street. they put out that invitation two days ago, so i would do just fine with david cameron. i think he is a nice guy.
on friday, this after being burnt before by the fed chair. one-month ago until the brexit referendum. david cameron and george osborne say britain will be plunged into a crisis of its own making. morning, stories this though. definitely, this bayer deal. shareholders over the last few days have been selling the stock. they are not convinced this is the way to go. is bayer doing anything to alleviate that concern this morning? matt: well, they will be holding a press conference or at least a conference call. and look, it is going to be a very difficult purchase to make. we have had so much scrutiny from regulators on deals in recent weeks. inre was a cfo deal chemicals that was scrapped of the weekend. so, that is one difficulty. the other difficulty is that germans are not used to takeovers of this size. $62 billion will be the biggest purchase ever by a german company, in corporate history. so, it is a lot to swallow, especially considering this is the first price offer. i
louis fed president. said officials continuing to talk up a rate increase as early as june or july. a look at what it means for stocks from a top strategist. desk head to the markets where julie hyman has the latest. the markets are lacking a clear direction today. julie: treading water is the phrase that comes to mind here. we are not seeing too much change whatsoever in the major averages right now. the s&p 500 is betting unchanged on a percentage basis. the nasdaq gaining a little bit of traction as investors are following the perception about thated really emphasizing june is on the table for a rate increase. they are now awaiting a host of economic data coming out this week. they will have to wait for numbers on new home sales and durable goods. take a look at the bloomberg for the groups on the move here. as you might expect, it is evenly divided between red and green on your screen at the moment. materials gaining some traction, as is tech, which explains the outperfor
he chronicled a time of change in america. it was in his coverage of the vietnam war as a young correspondent that he first made a name for himself. he showed a marine setting a hut on fire with a cigarette lighter. the broadcast almost single-handedly ushered in the living room wars. up becauseack this had an impact on the man s life? safer: it is the most important story. that was who produced suzanne sinclair of eric severance show. decided at the beginning i was not convinced that he was innocent. because the court said he was guilty. there was a lot of funny stuff in that trial. i said let s assume he s guilty. let s go out assuming that justice happened. but an injustice was done because you don t give a man a life sentence for a $25 robbery. it was absolutely the way to go with this story. as we peeled the layers off we became more and more convinced as time went on it took six or seven months to do the story. andhe end what suzanne marty and i found was new evidence.