Lets head to julie hyman who has the latest. Julie we are seeing a little bit of a bounce back to we are not say much magnitude in terms of percentage gains across the board. For major most averages. Following on the today decline that was the largest since early february. To be what wears are seeing here. Earnings continue to play into the equation. If you look at the stocks gaining on earnings use, First Quarter results theyre beating analysts estimates and also a 1. 5 lien dollar buyback. Chesapeake, you can see one of those volatile Energy Stocks we are tracking. Said it signed a deal to sell its oklahoma drilling rights for 470 million. ,raft heinz coming out expanding beyond catch up to mustard and barbecue sauce. That helps boost sales. Alibaba also rising after that posted a 45 in revenue. Trip advisor following on the heels of priceline yesterday but the shares have turned around despite missing estimates. Meeting estimates despite a not optimistic forecast. Shares are plunging and that Company Policies short of estimates. It has been spending more innovation coming up with new products. Out of its coming forecast. Energy shares are the best performing stocks today. Take a look at the imax here. We have Energy Shares as the bestperforming groups, of better than 1. 5 followed closely by materials, only up half of 1 . Top ofwo groups at the the list here today because we are seeing a rally in the underlying commodities, particularly in oil, we are seeing games. Wti up more than 3. 5 . A number of Different Things going on including the fact iran is saying it is willing to work with opec as production ramps stack up. Gold futures are coming back in todaysession. I wanted to mention the open interest is here signaled that traders might be expecting more gains. You can see we are at the highest level going back to 2010, which might be one indication that even after the big rally we have seen here, some traders are looking for more gains. Basic resource stocks leading the European Market higher as well. Up, that is the basic component of the stoxx 600. , worst losinging march we continue to be dominated by earnings from the oil industry today. Chemicalstimates, and compensating for the drop in oil prices. Seeking to divest assets. These are the Big Oil Majors in europe. Three done 2016, the worst performers. They have risen by between two and three and a half percent. Up by 10 and 13 . It is the best performer. There you go. Interesting times in turkey in the last 24 hours. It seems as if the prime withter lost his battle met lastdent they night. It was not a statement following the meeting but we have heard today from the Prime Minister and essentially, there will be an order extraordinary meeting taking place soon. He will not be on the ballot when they choose a new leader. This is a turkish bond in the last 12 months. Look at what has half and in the last few days. This is the uncertainty that could take place in emerging markets, how politics could knock investment strategies. Gains in the last month and it is a similar story because yesterday, we saw the dollars biggest gain since 2008. The today gain before today was 5. 6 . Down byar is falling 1. 6 . All sorts of questions need to be answered and we will ask mark from Bloomberg Intelligence about it later. Because of the power struggle between the prime mr. And the president. Vonnie lets get to first word news. Taylor we are staying with turkey. The Prime Minister says he is and will not seek reelection in the convention this month. He spoke earlier today in a televised speech. It would be more correct to solidarity. Ty and he said it was not his choice because he was not the party leader. The power struggle between counter europe. The russians will create about 30,000 soldiers in the western and Southern Military district. Nato is expected to send about 4000 troops to poland in the state. Four out of five americans say the Islamic State is their Biggest International concern. Almost three quarters of say theyre concerned the u. S. Will not go far enough to stop the group. Say they half polled will not go too far. 500 Million DollarRestructuring Plan for public schools. The plan aims to make sure teachers teachers held a twoday stakeout this week. House,race for the white a former republican president will not be endorsing donald trump donald trump and they bush. Th named george expose before george h. W. Bush says the nations 44th president will not be involved in the Campaign Even though he has endorsed the gop nominee in each of the last five election cycles. Ditto for george w. Bush. In february, trump accused him of not doing enough to prevent the attack through 2001. Global news 24 hours a day powered by our 2400 journalists and whether 150 news bureaus around the world. Thanks. Staying on politics, investors are monitoring the race to the white house. Asking what will the next u. S. President mean . Toldrday, investors attendees at the Investment Conference to prepare for a donald Trump Presidency. He said, what is going to happen is you are going to get a reagan response with donald trump. He promises the world and promises to bring jobs back and he promises infrastructure spending. Lets face it, he is extremely comfortable with debt. President ate pimco where she health make sense of everything going on in the political world, thank you for joining us. Just to respond to this particular outburst, he believes donald trump would be very comfortable with a lot of debt. If there were a Trump Presidency, to you think he would rack up a lot more debt . Thanks. Fromard thing for markets an investor perspective is trump does not necessarily adhere to republicanional orthodoxy of lower taxes, lower spending, and open markets. Understandcult to and prognosticate exactly what the Trump Presidency would mean for the economy and the market. Comment, i think donald trump said yesterday interview, he was the king of debt, he is very comfortable with debt. Time at a Washington Post interview a few recent go, he said he wanted to exhaust in 19 joy dollars of public debt what we are getting is not a lot of adherence or consistency. Him policy advisers around and what he would mean to win. Vonnie do you anticipate markets will react or will we not see much of a reaction until we get closer to november . . As have been pretty much in pervious to this long, dramatic, and somewhat unconventional primary cycle really on both sides of the aisle. I think we would expect them to be pretty much impervious for the foreseeable future. As a to november as the debates occur between whomever will be the democratic nominee, likely hillary and and at this point, and donald trump, the Presumptive Republican nominee, i think markets will be focusing on what theyre saying as their economic agenda is formalized. Barry says the president gets way too much credit during good times and too much grief during bad times. He says the markets are good at discounting future cash flows, that everything a president does will run into countervailing forces. Is that the truth . Is there an element of truth in that . There is. Ise of the rhetoric mystifying. You are right, the president only has so many levers to pull in terms of the balance per balance of powers perspective. Many of the proposals donald trump is putting forth that Hillary Clinton and Bernie Sanders are putting forward require congressional approval. Composition of congress will matter as well. In terms of what the president can do unilaterally, it is pretty limited. A lot of things donald trump is saying about building a wall or imposing tariffs on chinese imports, he cannot really do that unilaterally. Listen to the sound bite from someone who says trump is a false prophet. Businessman, a politician. Unfortunately, he diverts into a different line any hits everybody. Cannon. Loose make a correction, what he is doing is a mistake like a wall. I am not sure whether you could hear that. Essentially, he was saying and advising donald trump that donald trump is making a mistake, making the world Warren Buffett was close about the election a few days ago and he said a Trump Presidency would not be a blow to u. S. Is this as some fear. Remarkablyremains a attractive place to conduct is missed. Do you think that is the view held by a lot of businesses . Going back to my initial comments about how i donald Trump Presidency is unpredictable, it promotes uncertainty because no one really knows it that we what his economic agenda is going to be. On trade, he is even farther left than Hillary Clinton and even Bernie Sanders arguably. He is quite inconsistent. I think that is what businesses do not like. They do not like uncertainty and markets. As of now, markets are sort of, they have been desensitized to what is going on. Think they will start focusing on this as we get closer to november. If those economic positions are not firm up and become more consistent, if he keeps i thinkting on things, businesses do not like that and i think that is not necessarily a Good Environment or this is. We are six months out so a lot can change and in the general election, we are in early days. Funny candidates are focused on fun rating fundraising and some have been able to have big donors to even the bushes will not endorse donald trump. Where will donald trump look to for voters and will he be able to bring the big donors back in . s announcement yesterdays interesting that he will not necessarily that he is going to take money from external donors. His message has definitely been resonating with a certain part of the population. We have seen he has been able to attract interest in small donors, whether he could grow that beyond just that small donor base and attract the kind , thatr, bigger money remains to be seen. I think he is so different from partyhe republican wanted. After 2012, they put together an autopsy report that outlines some of the characteristics they candidate that could win a general election in 2016, and donald trump is really antithetical to that in a lot of ways. To embrace someone immigration reform, embrace hispanics, minorities, women. As your previous commentor said, he has been alienating a lot of those groups. Think the republican establishment does not know what to do. Again, the early days in the general election, so a lot remains to be seen but i think a lot of people are scratching their heads in the Republican Party about what to do next. Executive at pimco, thanks. Note, the guest is republican strategist mary 5 00 p. M. Eastern. Mark coming up, more on earnings. Vonnie lets head to the market desk were julie hyman is looking for some earnings movers. Lets start with a specialty pharmaceutical maker coming out and make and having questions on treating degeneration in addition to coming out with earnings. The company is boosting the top end of its Sales Forecast and it looks like that is where the data is coming from because firstquarter earnings actually missed estimates. We are look at seaworld here that Companies Reporting its earnings, and also coming out with a forecast, trails estimates. The company has been making a lot of changes, including how its work is performed in toious shows, bowing pressure from activists. Those shares are falling by 8. 5 . Zynga, the game maker, coming out with its members as well. A mixed report. First quarter earnings came out breaking. Analysts had been nesting themating a loss secondquarter forecast is for a loss that is deeper than analysts had been anticipating. One person said that it was really driven by words with friends and instead, it is great to see good numbers but we would like to see some of its newer games ramp up as well. It looks like traders are setting up a stock today. Ok. we are watching alibaba. The growth rate is rising even as china slowed here in more results are not. Back, just have a look at my terminal. You can see alibaba posted a 30 surge in revenue during the march quarter. Kendrys ecommerce operator. Truggling with promotions shares are rallying in the early United States session following the report. Lets get more from paul sweeney , senior media and internet analyst at Bloomberg Intelligence. Shares were listed, investors have cooled off. The love affair is not quite as intense as it was. Why is that . Probably the overriding issue for alibaba is just the fact it is representative of the overall Chinese Consumer market. As the chinese economy has slowed, investors have rightfully stepped back from alibaba and said, what do i want to discounted terms of growth in the next several years. The world has changed a little bit since the ipo and i inc. A lot of investors that invested really invested in it as a play on the growth of the overall consumer economy in china. To the extent that is slowing, i think that is reflected clearly in alibabas stock price. It is really pushing it to the domestic regions in china is but on the other side, hows that working . Are in early days for both of those but take a look at the Quarter Ended had 39 revenue growth. I think that is really helping the stock in helping the company back up its argument that even though the overall economy is the consumer in china is still quite strong. A lot of liquidity for the consumer and as you mentioned, there are growth lovers outside of the overall chinese place airport. The are moving to some of communities and there are 600,000 in china and the early stages there, bringing the internet ecommerce platform there. They are making internationally. Those are contributed to the growth story but still, this is a play on china. Vonnie jack ma made that very clear last year that they wanted to be partnership with other companies and in particular american small businesses. How is that going . Early stages but i think it is going well. I think they are finding a lot ofopen doors and a lot people answer calls me want to talk about partnerships. Obviously, a lot of manufacturers and Service Providers are looking to get access to the Chinese Market and chinese its coming out of china. Alibaba is arguably the dominant platform in china, it is a company you have to do business with and have to have a real relationship with. Initially, alibaba was focused primarily in china but since the 6 ofe wants to get revenue outside of china and they are definitely moving that way. Would you be looking for references to continue to go . Yes, it reminds me of the amazon story. Theyg topline growth as ride the wave of global ecommerce growth. The company on a call today and management on the call today said they would continue to invest in their business much like jeff basis invests in his business. Vonnie all right. Thank you. Still ahead, teslas needs up its forecast to can the company make half a million per year by 2018 . Vonnie i am vonnie quinn. Mark youre watching bloomberg markets. Taylor is in the newsroom. Taylor the Justice Department told carolina the new law limiting which Public Restrooms can be used by transgender people is illegal. State republicans are denouncing the threat, saying it is a broad overview by the federal government. Jerry brown has approved raising the legal age for smoking, dipping, from 18, 221. California the second state to raise the smoking age to 21. Israel said it found another tunnel asds of the title came forces clash along the border. Militants fired at israeli troops and they responded with airstrikes. Alberta has declared a state of emergency. Crews frantically held back wind with wildfire wildfires. More than 80,000 residents have fatalities have been reported. A Brazilian Supreme Court justice has suspended the leader of the country policies lower house of congress. The move at least temporarily removed the leader of the effort to impeach the president. The effort has been moved to the senate or the suspension has global news 24 hours a day powered by twoonone hundred 50 news bureaus around the world. Vonnie now it is time to get you caught up on a market around the world. A 3 drop today, quite a substantial drop. Thanks down. 4 . The shanghai composite index is quite tech heavy there. A big story out of the region, a new concern, chinese economic recovery. The latest data come weakness in the chinese economy. Nonmanufacturing emi, which surveys mostly private enterprise banking, telecom, property, and other Service Industries fell in april. Or send employment showed improvement but input costs are rising. Only Service Companies by traditional manufacturers as well. Private manufacturing pmi out earlier this week and slightly deteriorating sentiment in april the march 30 economist say benefits for monetary easing fromhelp boost Credit Companies may start to peter out a bit. Bloomberg news, hong kong. Mark lets check on markets are doing in europe today. Rising three out of four aint bad. Continue to dictate the mood in europe. Have a look at the best and worst performing Industry Groups on the stoxx 600 today. Bt group, the u. K. Reported profit that beat estimates, telecom stocks, energy up, it beat expectations today. 1 . Rers lower by in the currency markets today. An interesting move. I thought we would look at two turkish assets. Down aft