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today, they are holding at the bubble. julie: we have seen some acceleration of decline. people are focusing on earnings. we will not hear from the fed it fed until tomorrow. actually, things are bouncing around. scarlet is right. we have all of the corporate earnings to shift through, it is the busiest day in the terms of the number of earnings reports. donald numbers were disappointing compared to estimates. 3.1% will believe. analysts are looking for 3.6% gain. if the united states we saw a slowdown of 1.8%. it was 5.4% the prior quarter. analysts are saying there is an interest-free wide slowdown that calling for a restaurant recession. a slowdown from a number of different factors from u.s. politics, terrorism, social unrest, global geopolitics, and economic uncertainty. that this is the canary that lays the recessionary egg. leadingld the a indicator. downgrading a number of stocks. 11 restaurant stocks. chipotle going to a cell. darden is down. cheesecake is d ....
headquarters. i am francine lacqua. we have a great and busy lineup of earnings and we speak to the cfos of brochure and captain me. we speak to the ceo of eula. let s speak to let s get to bloomberg first word news with caroline hyde. caroline: hillary clinton has been nominated as the first woman to run for president of a major political party. it happened after bernie sanders to the microphone to ask that is former rival be unanimously named the nominee. madam chair, i moved that the convention suspend the procedural rules. i moved that all votes cast by delegates be reflected in the official record, and i move that hillary clinton be selecting as the nominee of the democratic party for president of the united states. shares jumped in extended trading. that is after the company s lower-cost iphone see gained more traction with users. the tech giant forecast sales which fell for a third consecutive quarter. it was better than most analysts estimated. the two bank ....
david: and how is he going to pay for it? the united states is a little bit behind the u.k.. they are on their second female prime minister. alix: glaxosmithkline ceo andrew witty and tom fanning will join us to break down all their earnings. i turn to you and say it is all about fx. jonathan: what captures risk sentiment that are then dollar-yen in the fx market? tn back with a 105 handle. firmer, apple helping do that in the united states, and equities firmer in europe as well. fifth straight a day of losses for crude, down 244.37. down to 44.37. you might forget that today is fed day. a lot to discuss. alix: what matters more, the boj or fed? let s check in with our bloomberg team for in-depth coverage of all of our stories. carl riccadonna on the fed as it wraps up its policy meeting as well as matthew cantor men on in europe aschael deutsche bank signals deeper cuts, and megan murphy in philadelphia. jonathan: let s begin with coverage of global central banks. we w ....
lower, now trading a bit higher. there hasn t been much movement overall in today s session. there hasn t been much movement lately on a daily basis as investors have shifted their attention to individual stocks and earning stories. the dow is off about 41 points. earlier, it was down by 60. the nasdaq back in the green after briefly dipping into the red bi. the s&p 500 has gone largely nowhere, only up about one point. not a very big range. last week onrecord the s&p 500 and have been drifting along. in addition to earnings, we have a decent amount of dealnews to talk about today. oracle by netsuite 45 $.3 billion, acquiring the cloud $5.3 billion. acquiring a company that he controls separately. yet another development in the big beer deal. shareholders have signaled that they favor the deal from ab inbev. the idea that these major shareholder support the deal giving more credence to the idea that perhaps it is going forward after all. also watching the drugmakers tod ....
bazos. chairs of intrexon down. the company ceo will join us live to respond on the back of their earnings, too. that s coming up. let s get to what s behind this selloff. mike santolli joins us. there was nothing too specific in terms of news but all day the markets traded a bit heavy. i think you want to point to the flattening of the treasury yield curve. rick santelli has been talking about all day. two-year yield is up. longer terms are down. that s a slow growth signal. also a signal the market is sniffing out the strong retail sales data along with the good jolt of employment data this week maybe puts the fed back in play. fed speakers have been trying to focus the market on two more fed rate hikes later this year. meantime, the market doesn t feel as though the growth picture is all that strong. maybe that s what we can infer. that s hurting financials. you mentioned, bill, the staples were one of the losing groups today. that s an overbought sector. peopl ....