scarlet: thanks so much, julie hyman. and the $55 billion deal for time warner cable, certainly the headline of the day. here to discuss, a partner in -- and senior portfolio manager at skye bridge. i guess it was not that big a surprise charter would make a bid for time warner cable. made anbecause they offer before. guest: the price it sure was nice. they stuck through the tough times in late september and october. doj and thehen the sec deep-sixed to be comcast acquisition there were fears that time warner would selloff significantly, but it improved its operating performance. and of course, also of interest is what caused the higher bid. if you bet on it, you are very, very happy. if not, you're not us enthusiastic. so, what happens with comcast? they have the firepower in they want to do more. t-mobile, cablevision. you saw there stock rally just on the news that other consolidation was taking place. if you held a gun to most people's heads, they would say sprint, t-mobile. scarlet: wouldn't that bring in problems wi

we will go straight to julie hyman. julie: in addition to the headlines, also cutting 500 jobs, afterhours, and this is not necessarily a huge company to begin with. actually, not so mall, 1300 employees as of its last filing as of april 25, but nonetheless, 500 employees is not insignificant. this also as they come out with earnings that miss estimates and a forecast that is below estimates. analysts had been looking for $.59. the company revenue in the first quarter, fiscal first quarter, as it projects is also going to beenlow what analysts had anticipating, and now, as for l brands, it looks pretty good, up 5%. this is the parent of victoria secret as well as bath and body works. the company is also raising its forecast for adjusted earnings per share for the full year, but even that forecast is still below what analysts had been projecting, so that perhaps is what is behind decline in shares, and then you mentioned salesforce, and you were just talking about salesforce, so we were getting commentary from the presid

at thehat is julie hyman news desk, julie, thank you. pimm, that is bizarre, and here are more stories crossing the bloomberg terminal. the cheese and -- chief investment officer at pimco is going to depart after helping liquidate three investment strategies at the farm. -- firm. ceo says he will direct the transition and oversee and orderly liquidation. investigators are planning to talk to the engineer who was at the throttle of that amtrak train that crashed. investigators say it was going over 100 miles per hour when it crashed, which is over double the speed limit. trying toer recalled reduce speed before being knocked out by the crash. crashsb says this highlights the need for positive train control. >> we have called for positive train control for many, many years. it is on our most wanted list. to bess has called it installed by the end of this year, so we are very keen on positive train control. based on what we know right now, had such a system that installed in this section of track, this accident would not have occurred. taki

mark: julie hyman with breaking news. we will continue to follow this developing story and bring you more updates here on bloomberg television and on bloomberg.com. back to camden fine. we were discussing these markups to dodd frank and the bill being put forth by the chairman of the senate finance committee, richard shelby. thank you for your patience. i wanted to talk about something that happened today. reported that in the first quarter, profits and community banks were nearly $5 billion. that is a 16% increase year-over-year. where is that strength coming from given that you and your organization claimed to have been overburdened in some instances harmed by excessive regulatory environment? >> an excellent question. joke,inds me of the old compared to what? 16% sounds pretty robust year-over-year. look at the years we are comparing it to. we had the worst financial crisis in almost a century. our banks are digging out from that crisis. if you go back to the mid-1990's or the first few years of this century, those fig

thank you so much, julie hyman. another moving the markets andy, treasuries gaining showing that officials are in no hurry to raise interest rates. for more perspective we are back with david joy, the chief market strategist at america prize financial. where is the action that you see it? david: to me the most interesting thing is what's going on in the eurozone on the equity side. you are starting to see the economy their pickup. little bit of weakness in some spots. we just had the sentiment index come out softer than expected, but they are gaining some traction. in addition to that the ecb is in the middle of a massive quantitative easing program and just announced this week that they are accelerating it over the next couple of months. alix: that is whenever thing is supposed to go down with greece, is that why they are doing it? is that a risk for the market short-term? they may be also doing it because of the strength of the -- strength of the dollar, slowing down, i think that they will push back if they don't

julie hyman, senior markets corresponded. steve schwarzman, the billionaire cofounder of lack stone. no straight into philanthropy. scholarsso founded the program in china, donated to the new york public library and announced he will give $150 million to his almost modern yale to build a student center. earlier, he shared how this gets came about. steve: alec that giving substantial money to yale overtime. givingoked at substantial money to yale overtime and i find that people tend to find me now. they approach me with a few alternatives things that might be of interest and this one particularly was of interest to me. betty: schwartzman says the new student center at neo will serve as an educational and cultural hub and expected to open in 2020. much more ahead on bloomberg market day. argues rights and independence. does he take his cases and how does he win them? don't go anywhere. ♪ betty: earlier this hour i spoke to ken feinberg, handling victims compensation for 9/11, hurricane katrina, and now gm. another attorney wh

pimm: thank you very much, julie hyman in the newsroom. the senate votes to advance president obama's foreign trade agreement. this comes days after fellow democrats blocked consideration of a bill to give him fast-track authority. olivia: peter cook, washington chief correspondent joins us now. peter, what changed? we had a few democrats go over to the white house after that vote and they had a conversation with the commander of chief and had a change of tune, this is happened before. this was a pretty embarrassing moment for the president of the white house on tuesday, but now we are back and have to preliminary votes today, and the democrats wanted to have votes on these, and the main vote will be at 2:00 today. that is once again to move on the fast-track trade authority legislation, he needs 60 votes, and based on the last 48 hours, it looks like the president is going to get that. pimm: peter, is this just symbolic that the democrats and the senate will just come out and say we are not going to vote on abbott the second time it is th

let us go to julie hyman. julie: we have now heard directly from the company which says it has not received any kind of offer from this company the earlier put out a statement that says had made a bid for avon. it hasn't been able to confirm ptg exists and neither have we despite putting in calls to numbers on the filing. we called the real estate owner on the address and there is no such tenant that exists there. avon says it has not been able to confirm such an entity exists and it is making these comments in an e-mail statement. the securities and exchange commission is set to review the legitimacy of the offer as well. that follows unconfirmed filing of the takeover bid. very curious or as betty earlier called it a bizarre situation that we have been monitoring today. one of the reasons it initially seemed to be legitimate is is is something that has been speculated upon for some time that avon would sell itself or perhaps sell its north american business. one of the red flags for this particular offer was

alix: julie hyman is looking at more earnings coming out. julie: the makers of grand theft auto videogame did well last quarter, but the forecast is a different story. earnings came in ahead of estimates, $.49 per share, up from $.21 a year earlier and the 28 sent average analyst estimate -- $.28 average analysts estimated. however, the forecast for the year is below what they had been anticipating both in terms of its earnings and in revenue. been anticipating $1.5 billion for the year with earnings-per-share at most one dollar. analysts have been looking for $1.23. the shares are still halted. one would expect them to fall once they do open back up as people look at that forecast. iswill get details on what behind it in the calls, because they are not getting a lot of details statement. alix: thank you, we will be following what stocks reopen out there. are all things that question mark are they all doom and gloom? copper might be saying something else. it usually measure the health of the economy. that has kind of diverged in the last few

i want to send it over to julie hyman at the breaking news desk area julie? alie: pfizer is approaching company for a possible buyout. ucb shares on the terminal behind me -- pretty clear. -- you see the shares on the terminal behind me. pretty clear. it looks like they are trading at a 52-week high. if you're not familiar with selective -- the company produces proteins for therapeutic purposes. there was a note out this pfizer couldg that pursue a deal that could be or antive business inversion deal. most of these deals have not been in france, they have been in ireland or someplace. and by the way, it looks like for cellectis is about 1.4 billion dollars. that is u.s. dollars. there has been a lot of talk about pfizer in particular. whether we might see dealmaking. this is the latest, the financial times saying cellectis could be a target. in a this year coming up at two point $1 trillion. thank you, julie hyman. let's look at other headlines. of thears that the head cyprus governing body will survive the election, for now. blatter -- -- sepp bringions of i

thank you, julie hyman. look at headlines. 10 inches of rain have turned the city of houston into a lake. freeways are closed. of the transit shut down. thousands have lost power. storms across texas and oklahoma killed eight over the weekend and 12 more people are still missing. and there has been a surprising increase in consumer confidence. the sentiment rose from a four-month low. it has been bolstered by higher home values, a stronger labor market, and record stock prices. plus, taco bell going natural. by the end of this year, it will remove artificial flavors, colors, trans fats, and high fruit does towards her up from menu. all items on the the only exceptions, beverages and co-branded items. you will not see any differences ritosthe read oh -- do the cap'n crunch desserts. pimm: they are not going to take them off the menu, so you are good. man behind the look and feel of apple's most important products -- he will thete his time to touring apple stores and working on the headquarters in cupertino, c

driving is julie hyman for one of the winners and losers. julie: let's start with the winner, and a winner in large part due to visa. the dow jones industrial average is up about 6% on the week. in today's session, of about 4% and that is after bloomberg news reported that the company is said to be in talks with visa europe, it former subsidiary. the two split in 2007 ahead of visas ipo. on the downside, the biggest loser in the s&p 500 as well as an aspect for that matter, greenmount. the company -- green mountain. the company cut its forecast. it was heard by the sales of the second-generation curated system. it's not -- keurig system. it's not selling as well as they hoped. the dow is doing pretty well of 9/10 of a percent and the s&p in his best week since the week before last, up 0.4%. alix: here are the stories we are watching. the set -- a visa is in talks with visa europe for $20 billion. shares of visa rising on the news. and there's a report that over once to buy --uber once to buy gnocchi is digital mapping business. -- wants to b

julie hyman with them of the movers. let's get a look at some of the top stories crossing the terminal at this hour. nato's struck north wiese -- north east texas and southeast arkansas. there was widespread damage. dramatic pictures from north texas were helicopters had to rescue people trapped by flash flooding. storms had dumped up to seven inches of rain. the bodies of two inmates were found after a prison rebellion. no escapes reported. they controlled part of the facility. smoke could be seen rising from two housing units. the prison houses 11 death row inmates. jimmy carter is back home today after falling ill during a south american trip. he was monitoring the election and yana. his nonprofit organization said only that he was feeling under the weather. the former president is 90 years old. china is the biggest market for smartphones in the world but that market is getting smaller. new data shows shipments of full-featured mobile phones actually dropped by more than 4% in the first quarter. it is the first time t

julie hyman is in the newsroom. julie: thank you so much. national home prices are up 4.1% year-over-year, march over march. the 20 largest cities in the u.s., that year-over-year number is up 5%. it is a pretty significant increase year on a month over month basis. we saw an increase of 9/10 -- of .9% in the broader national index on a month over month basis. we saw .8% increase. steady increases an interesting come -- commentary coming from the chairman of the index committee. he says you might be asking yourself at this point if it is a bubble. the only way you could be sure is to look back after it is over. he said it does not necessarily argue for a bubble because we are seeing a slowing of increases. he does point out home prices are rising more quickly than per capita income or wages, narrowing the pool of homebuyers. julie: we are following a major takeover today in the cable tv industry. charter communications is agreeing to buy time warner cable. the deal is worth $55 billion in cash and stock or charter will pay $196 per share, a

alix: thanks so much, julie hyman. now for a look at the top stories making headlines this hour -- the standoff over greece extremely serious for europe. that comes from nobel prize-winning economist joseph stiglitz. the eurozone is on the edge of a greek exit. >> germany and the rest refuses to change the program -- i think there is no alternative. greekjoseph stiglitz is a exit from the eurozone would lead to instability. the world spends more than $5 billion a year to subsidize. those subsidies are the result of environmental damage from fossil fuels. countryers say that no imposes meaningful taxes on its own consumption. and the forces with star wars creator george lucas. fortunately, so are the disney heirs. he has made a 2.2 billion dollar gotit on the stock that he in exchange for the rights to be star wars franchise. the next star wars sequel comes in december. all right, those are your top headlines. and facebook are teaming up to push present obama to reject any proposal that will give law enforcement the abi

julie hyman has news. the national highway transportation safety authority issued a special order to recall., related to its the department of transportation says there are concerns about 20 set a recalls and has public hearing july second. there will be a price briefing 1:00 p.m. at the agency has concerns about the recall performance. if you look at the shares, they remain higher on the day but have, off of their highs after these headlines. we will update you once that presss -- once that briefing habits about 20 minutes from now. a lot of deals are potential deals today. endo international the latest to make a deal in pharmaceuticals, agreeing to buy par billioneutical for$8.05 dollars. there is a potential acquisition that could happen in the chip industry. altera is in talks with intel acquisition.le altera initially rejected a 54 dollar a share offer from intel last month. of them are moving higher, especially altera, one of the as performers in the s&p 500. then there was essay not agreeing to buy

erik: let's take you out to julie hyman in the newsroom. stephanie: amber cumbrian fitch the sales not that great. downgrading the stock to a cell. those comparable sales are going to persist. amber crombie is facing a challenge time to make its business. it says that it's second or second quarter earnings to be lower than anticipating. erik: we're going to bring you i candy to start your week. matt miller went to barcelona. have a look. matt: christmas has come early for the supercar family because lamborghini came out with this is brand-new car that costs $500,000 and has 750 horsepower. we're going to test it out at the world-famous track. >> the downforce makes this car so exciting. 175. 200. on the track now, testing it out in the back roads of barcelona. see what it is like in the country, may be in the urban setting. i am noticing the gearbox cannot decide what to do. at low speed, this automatic gearbox does not move into a manual mode. among the other things lamborghini has improved upon includes lamborghini dynamics to allow an ea

betty: thank you so much, julie hyman. as she just told you. three gunmen jumped a board a bus in pakistan and killed 45 people. the attackers escaped on motorcycles. military groups ranked -- link to the taliban are claiming response ability. where rescue teams are searching for survivors after the country's second fatal earthquake in less than three weeks. 65 people died in the latest quake. a u.s. military helicopter aiding relief efforts still missing. six u.s. marines were aboard. north korea's defense minister has reportedly been executed for falling asleep at an event last month. south korean intelligence services it's a kim jong-un had the official killed by a firing squad for napping at a rally. experts say the execution may hurt stability in north korea. those are your top stories this morning. pimm: what is a gallon of water worth to you? it's about a penny a gallon. compare that to what you would pay for a gallon of gasoline or a gallon of milk. cent per gallon, water is the cheapest utility out there. despite

. ♪ alix: let's get to julie hyman at the breaking news desk. julie: the s&p in the dow yesterday closed at a record three day winning streak. any further gains today would mean more records for the s&p and the dow, as well as a four-day winning streak. the nasdaq remains in red. at least some of this back-and-forth has been fueled by the housing numbers. a seven-year high, up 20%. if you look at etf that tracks the builders today, it is trading at a one-month high. spider s&p homebuilders etf up about .5%. homebuilding stocks are also doing well. horton is also trading at a one-month high. .ake a look at home depot an interesting situation here. stocks earlier were trading higher. home depot's numbers beat estimates but the company said it benefited from a one-time tax benefit last quarter. also, the forecast for full-year earnings assumed the dollar would stay where it is. some investors are questioning that. same in retail, tjx, it is trading much higher today, bucking the recent trend we have seen amongst retailers. comparable sales came out

julie hyman, you are looking at recent ipos? julie: i am. we've seen some divergent performances. publicmpany becoming more than a month ago. etsy shares falling because "the wall street journal" reporting amazon has sent out invitations to etsy sellers to something called handmade, a marketplace for artisans that amazon might be starting. shares off about .9%. party city getting analyst initiations. when a company ipos week tend to see initiations and month later. the equivalent of buy or outperform from companies like morgan stanley. shares only up about .25%. the other ipo, shake shack. week.g more than 30% last news that it filed a patent on chicken shack. shares off by 7%. they soared 340% since the ipo at the end of january. "the new york times" writing "shake shack shares could hit an overvaluation." you think? more than 300%. pimm: shake shack shares. betty: it is not easy. pimm: let's take a look at top stories crossing the bloomberg terminal. defects in general motors' ignition switch is linked to 107 deaths. families of victims are being offered $1 million from gm's com

julie hyman is at the breaking news desk with more. byie: ross ulbricht was told a judge he would have to forfeit $184 million. this was the mastermind behind the silk road online marketplace, which allegedly

we will bring in julie hyman standing by. julie: comments coming out of saudi arabia as well as opec. saudi arabia say they posted coup production for a second month to the highest level in at least three decades. that helps to raise that opec oil output as the same time u.s. is showing signs of slowing. saudi arabia increase the daily output at 13,700 barrels in april to an average of 10.30 8 million. that is according to data that it gave to opec. at the same time, opec coming out and saying overall, global 390supply went down thousand barrels per day in april. declining supply in opec also says the demand for opec crude was revised upwards to 60,000 barrels per day. 229.3 million barrels per day. that is overall. to opec, the demand supply is in favor potentially of higher oil prices. you are seeing oil take a leg up on the screen behind me. those saudi arabia headlines about the boost is not affecting oil prices negatively, perhaps because opec is also saying supply overall is still constricted. pimm: thank you. you see t

. ♪ i'mm julie hyman --julie: julie hyman. computer sciences says it is bleeding into two. one will be a global commercial time -- company and the other will be a public sector company. as a part of the split, it will stay -- pay a special cash dividend shareholders of $10 and $.50 per share. holders will on shares of both companies. a potential split of this type was reported by reuters late last week. also, wanted to bring you an update on other movers. one is etsy. those shares down sharply in the after hours after the online marketplace came out with earnings and it had an loss of $.84 a share in the quarter. revenue at $58.5 million. the stock just started trading april 15 and rose one -- a lot in its first day. those shares are trading lower at the moment as well. as a result of these earnings, they are down. by almost 11%. finally, an update on yahoo!. we saw shares fall sharply in the minutes before the close of regular trading. there was a report in a chinese the country was considering some sort of increase in imports taxes on global e-commerce companies. though t

let's take you to the breaking news desk where julie hyman has details. julie? jens nordvig -- julie: thanks. a reading of 3.09 that does or a rebound from the prior month when we saw a contraction number , a negative one point 19 rating. our economist at bloomberg had predicted there might be a downside in the number because of other manufacturing numbers we have gotten recently. empire manufacturing is the measure of manufacturing in the new york area. the more important number this morning will likely be industrial production which has a manufacturing component to give us a more complete picture. erik: thank you very much. julie hyman with the latest on empire manufacturing data. 9:15, we have industrial production. at 10:00, university of michigan. stephanie: when we return, home depot cofounder is here to tell us whether chris christie will be entering the race for the white house in 2015. and if not, who will he support? we are sitting down with the one and only ken langone. ♪ stephanie: welcome back to "market makers." i'm stephanie ruhle. chris christi

pimm: thank you, julie hyman from the newsroom. olivia: now we look at some of the top stories crossing the bloomberg terminal at this hour. the price of oil is falling today, crew down as much as 2%. consumer prices rose faster than expected last month, bolstering the case for higher interest rates. americans will take advantage of those lower gas prices this memorial day weekend. says 37 million americans will travel 50 miles over memorialome day weekend. the daughter of the korean airlines chairman will be released from prison. in february a korean court gave the woman a one-year sentence. she had ordered a korean air flight to return to the gate in new york after a flight attendant served her macadamia nuts in a bag instead of on a plate. pimm: those are your top stories straight let's move on to hewlett-packard. that areed earnings better than estimates. shares arising on the news. the pc and enterprise business units down year over year. gevo executive meg whitman has offered more details about the company's restructuring, sa

matt: i learned a lot from julie hyman yesterday. i thought the problem was that whole foods -- it's such an upper east side or soccer mom kind of store. apparently, they have them in williamsburg and on the lower east side and grungy kids with tears and tight jeans will not shop there. bob: they can't afford it. matt: it's all about the price. betty: i feel like young people, younger people, are willing to pay more money. matt: for their kale. betty: exactly i think it's the middle class that's not going. matt: you don't have any more money. it's expensive to shop there regardless of how organic and cruelty free the food is. bob: i'm picturing whole foods and their evil spawn going everywhere. betty: we are near the opening bell and futures are up. we will be back. bob: welcome back to in the loop. get back to bringing you the most important stories you need to know before the bell. joining us is mike. we were sick of matt miller. we want to bring in mike. matt, go away. our number one story, of course is jobs. jobs report came out

we want to get to julie hyman in the newsroom. mixe: at fake and an linkable move in the markets. -- a big and inexplicable move in the market. line on thethe screen behind me. leg downward, which we are already down. the losses toed about three quarters of 1%. that is happening on all three major averages. they have mirrored the move we have seen. ,f you take a look at the dow it seems pretty broad based here in terms of the decline we are seeing. not confined to anyone sector. want to point out the move we are seeing in the financials, the spider financial etf is one --a hit down almost down almost 1%. 90% of the components are down. downtrials which were before, down more sharply 1.1%. the only group in the green at this point in time. scarlet: i'm also looking at crude oil prices. the dollar remains slower. treasuries are also at a lower yield. probloomberg market day, go may be known for its wearable cameras but the company is branching out and investors seemed like it. . . . scarlet: it is 11:00 in new york and 4:00 in londo

julie hyman. julie: we had the big selloff going on today. the most we have since the beginning of may. better than estimated economic data. they think the fed will be more aggressive on rates. we have a lot of dealmaking. one that succeeded was charter communications bid for time warner cable. sending shares of both companies hire. the acquirer also rises. look at the fallout within the cable industry. you take a look here, we are seeing shares of directv off a little bit. we are also watching shares of cablevision, comcast little changed. speculation it might be involved in some sort of deal. today evens to grow though the big deal has not been announced. yannintly sergio mark approached general motors in march about some kind of takeover talks. fiate seeing shares of chrysler pulled back by 1.5% today. selloff.r on the we have the imap. the big red-p eye chart gives you an indication of which groups are selling off the most in the s&p 500. every single group is down. the larger the slice, the larger the weight in the s&p 500. we have energ

symantec is fighting that off, but losing revenue as a result will stop alix: we also have julie hyman looking at parties city. first report from this ipo? julie: there were no analyst estimates i could find because journalists have not started covering the company in force yet. but they have an adjusted share of 3%. and the company says for the year, adjusted earnings per to $1.06. be $.97 up they are pleased with the results and comps sales are up even after adjusting for the benefit of easter. it got a surge right after the ipo and has three much remained at that level. shares are not reacting to the news as of yet in the after-hours. alix: thank you so much for my julie. looking at symantec earnings, what theg to find out numbers work. where they get their money, asia, japan, middle east, africa. q1, until we see things normalize drug this dollar impact will be the tory. alix: and pardon my wonderment if we just part of my wonderment if we see the dollar churning lower is if we will see these forces hedge. part of the hedging was that some of the extent of companies could not do it

julie hyman is in the newsroom with the headlines. julie: we are seeing a bigger than estimated drawdown and inventory, down 2.8 million barrels according to the energy information administration. than doublee more what was estimated. we are also seeing a bigger drawdown in gasoline inventories and this to let inventories actually seeing an increase of 1.1 million girls. what you have behind me is the oil price on the intraday -- we are seeing it bump off of the lows as we see the bigger than estimated drawdown in inventory numbers. on a downhas been trend, so we will see if this turns around. there is a longer-term perception that even if there is a drawdown in inventory, it might the a short-term one and that might continue to put downward pressure on oil prices. julie hyman -- a little bit of upward pressure on oil prices. pimm: let's get to some of the top stories in this hour -- there has never been it bigger deal in the technology industry. the takeover continues industry trend of consolidation. in company is based singapore and

julie hyman has the details. julie: we are seeing stocks selloff today, not a huge one. not as big as the selloff we saw on tuesday. a pulling back across the board peered brokers and china tightened their margin lending requirements. uncertainty continuing about greece and whether there will be some sort of solution there. we do have a pull back across the board. mention the other asset classes, taking a look at the dollar, for example. we are seeing the dollar traded at about a one-month high. here we are today on the dollar. -- quite as high as we were right.he third straight we've seen the dollar higher for seven of the last nine sessions. in particular, we have seen a notable move in the dollar versus the japanese yen where it's been trading at about a 12 year high. here, you-term chart can see it's trading at the highest in quite some time. i wanted to mention what's been going on with oil. oil typically does not react well to a higher dollar. here is the year to date chart. trading at a one-month low. --e we are today, again let's switch it over, shall we? here we

pimm: thank you, julie hyman. top stories crossing the terminal. groupser of blackstone capital partners is leaving. o in gserberg was the oh. he is leaving to start a family office. asked on the bottom the company in 2008 -- blackstone bought the company in 2008. a company is going up for intion, it was discovered 2012 and the long hidden art trove sorted by a german collector. he died last year and the painting is among the first from his collection to be released to the heirs of its rightful owners. it will be auctioned off in london next month, sotheby's estimates the painting could fetch $850,000. betty: germany may be prepared for the worst when it comes to greece, the finance minister raised the possibility of a federal currency for greece if fail.to creditors as germans brace for a worst-case scenario any greece financial crisis. a summit failed to produce the deal today andy german chancellor said greece must do more to get the next round of bailout funds. >> i will have some bilateral talks and have already spoken last night with the fren

filing. ♪ julie: this is "bloomberg markets." i'm julie hyman. the company courting people familiar with the matter, other possible partners as it seeks $5.9 into china and its billion online video market. the maker of candy crush says it will not return to growth until later in this year. the company's profits were unchanged last year although both did beatest mats. -- j.p. p. surma organ said a probability versus a possibility. shares up at yum! sln up 1%. erik: russia's economy had its first decline in almost six years. better than all forecasts in a bloomberg survey of analysts. stalled last year after the u.s. and europe imposed sanctions over the fighting in the ukraine and the ruble plunged. olivia: and u.s. prosecutors will not seek a guilty plea. barclays fine may be around $50 million having to do with the manipulating of an industry. erik: and a boxing ring. former presidential candidate is taking on evander holyfield at a charity event. e two are raising money to needing vision help round the world. olivia: we took a look at the bloom

julie hyman joins me now. julie: we have been talking about humana spiking after an article that they had engaged goldman sachs. assaw them spike is much 17%. you can see this bike that we saw a right now up almost 18. who could be the potential buyers? according to the journal a could at not.f two, another huge insurance company. aboutshares spiking out 2% and cigna is another name that has been mentioned. 4.5%.ares are up about all of the stocks are trading at record. i want to take a look at the effect this is having overall on the markets. the imac at we call the s&p 500. the big green one is health care. that is -- health care as a whole has started to regain as a result of these headlines. i want to look at the effect on etf.lv, an .5 of 1%. i have a longer-term chart. there has been a lot of consolidation in pharmaceuticals, and insurance already. this etf is up by about 10 point 5% for the year to date and if i can max it out as well, you can get a view of what we have seen over the longer term. huge g

julie hyman at our breaking news desk. jules? julie: thank you, alix. we had a listeria outbreak in lue bell ice creams. they will fire or furlough almost 3000 workers after it shut down production. 1400 employees will be furloughed, and additional 1450 will be laid off. that is according to the texas-based company. the company is also cutting salaries in the meantime. "bloomberg market day" will be right back. ♪ alix: welcome back to the "bloomberg market day." i am alix steel. 13f filings came flooding out today. our senior markets correspondent is next to me in person. i can touch her arm. you are real! julie: as opposed to a torso sitting at the debt secured one of the things that emerged after david einhorn called the -- pie on reer natural "the mother fracker" and making the case against fracking, we've seen a bunch of investors come out and make the opposite side of that trade. stan druckenmiller, each of them taking on a case, empire natural resources specifically, taking stakes and the one that einhorn specifically targeted, druckenmiller als

it julie hyman is looking at those. the makers of grand theft auto video game did well last quarter but the forecast is a different story. earnings came in ahead of estimates, $.49 a share, earnings-per-share that is. that is up from $.21 a year earlier. in the $.28 average analyst estimate. take two is coming out with a both in for the year terms of its earnings and in terms of its sales for the year looking for revenue. anticipatingbeen $1.5 billion. been looking for about $1.23. the shares were altered -- halted in anticipation. one would expect them to fall when they do open back up. people look at that forecast and hopefully we get more details on what is behind it. they are not giving a lot of details in the statement today. we will follow what stocks reopen out there. are all things bad? are they all doom and gloom? copper might be saying something else. we hear that dr. copper measures the health of the economy and that is correlation to global growth. barclays had a great show today about dr. copper along with

thank you so much, julie hyman. for more on today's market trade, we're joined from boston by a chief global investment strategist with charles schwab. before we get into talking about your views on the markets, what did you think of yellen today? guest: there is not much to make of it. she is right to dismiss a lot of what has taken place here, the softness of the economy, as transitory. one of my favorite things to look up is the citigroup economic surprise index for the u.s. it has been plunging this year. it has plunged in the first half of every one of the past five years, bottomed in the summer, and picked up again in the 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? >> positive on the 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 continu

thank you, julie hyman. the apple-samsung patent case. the court upheld a finding that samsung infringed apple felt hat. -- apples patent. court looked at the damages awarded to apple and said must he reconsidered. bloomberg's editor at large cory johnson is joining us from san francisco. help us dissect this. what does this all mean? actually that copper gated. there are two types of patents involved in this trial. they were involved in the utility -- the way the fund was used, things that apple invented and samsung copied, according to the court. thatppeals court said apple did not have a right to a patent on trade dress. at least in this suit, but the utility stuff does still matter and those were copied illegally and intentionally by samsung. so, we have to look at yet another trial on these very same patents that will go all the way back to the 2012 suit. those products are long gone from the marketplace. during trial testimony was very damaging, showing that samsung very specifically was warned they could not copy of the things and

julie hyman has those numbers. julie: it looks like we have a 34. -- threefer. 6.8% lastales up month to an annualized pace of 517,000. 484,000, month, according to the commerce department. analysts have been estimating a slightly slower pace. month over month, the gain of 6.8%. consumer confidence coming in at 95.4. 95 is what economists had been predicting on that front. someve been seeing negative reaction this morning to the better than estimated durable goods numbers. you may expect, par for the course with the latest numbers on the perception that we are going to see the fed potentially be more aggressive on these better economic numbers. we have seen yields on the tenure pushing up this morning. olivia: thank you. itie hyman on this better than expected economic data. erik: let show you where markets are trading. of a littlee midst bit of a selloff, some concern that the cpi number we had on friday, durable goods this morning, case-shiller, and no consumer confidence, and home sales suggest the economy is a

let's go directly to julie hyman with a look at the markets this afternoon. julie, hi. julie: i do want to focus on where we are seeing movement. movements seen big today and trading at a record, it is above $600 a share for the first time ever according to people familiar with the matter. we've been talking about this a lot today, netflix is in talks with the chinese media company backed by jack ma as it tries to enter the very lucrative online video market in china estimated worth $9.9 billion. ofre also watching shares yum! brands today, and it is now more of a probability and start a a -- probability instead of possibility that yum! would spin off its china business. there was this reaffirmed 13feve in yum! and his filing didn't confirm that as well -- did confirm that as well. is under pressure into 2016 and that there is a potential for liquidity crunch for farmers, which would obviously be bad news for deere since that is their main customer base. betty: thank you so much, from on the movers there, julie hyman. the battle to rule the ridesharing road just got a l

julie hyman is at the breaking news desk. she will tell us the results as soon as we get them. and our in-house soccer expert brendan greeley is with me. mark, you are on the ground outside where the voting has just taken place. what are you hearing? we are waiting, like you. i have butterflies. after the week we just had, this is almost the most exciting few moments. seppl accept -- expect blatter to win, but will he win two thirds of the majority? if not, there will be another vote, and then we will have to wait for another 90 minutes. associations will have to revoke, starting with algeria. the voting is over, the counting is now taking place. we will know any minute now whether the biggest scandal in fifa history will have any bearing on the boat. betty: you have a question for mark? >> i was wondering if your account is different than mine. i can come up -- the most 60erous effort i have now is votes against sepp blatter. 72 keep him from getting that two thirds. any indication that they can get to 70? >> not at all. but

scarlet: julie hyman has the latest on humana. this is sending the stock higher. ilie: you guys have fifa, have health care stocks. humana shares are soaring. we had an initial report from "the wall street journal" that the company hired goldman sachs to pursue a possible acquisition, by someone else. we are reporting that humana is looking into this possibility and that cigna had approached the company. humana shares surging tour record up 19%. they keep going up and up further. if you look at cigna shares we are seeing gains. cigna also rising to record. it is up by 5%. -- aetna is the other potential suitor. those shares up by 2%. we a lot of the other managed care names rises well on speculation on what other types of deals we could see in this industry. all pricing. it wanted to take a look at these various companies, compared with each other. technical snafu. we have a relative valuation of these companies. we have the estimated price-to-earnings ratio. so price is -- versus estimated ratings. the size of the bubbles have to do with how large the market caps

pimm: thank you very much, julie hyman. let's take a look at some of the top stories crossing the terminal at this hour. former british prime in his or tony blair is leaving his post as the international community's desk prime minister tony blair -- former british prime minister tony blair is leaving his post as the international community's envoy to the middle east. a formal announcement is expected later today. he was appointed to the post in 2007. spain's government is calling for an overhaul of the common economic policy, according to a spanish newspaper, which says madrid wants the ecb to play a greater role in the beauty -- in avoiding future crises. the spanish government is said to be urging greater labor mobility as well as completion of a banking unit. betty: some trying moments last week aboard a singaporean airlines jet. 30 had to go0 -- a-3 while cruising at 39,000 feet on route to shanghai from singapore. engine returned almost immediately. the pilots had to descend to restore normal operation to the second en

julie hyman has more. it looks like we at least extending our declines and her off the worst levels of the session. has beenvertheless, it the worst day, particularly for the s&p 500, sensed may 5. we have not seen a davis after almost a month now. bade have not seen a davis for almost a month now. come with me in the bloomberg terminal. i want to show you a little bit more about what we are seeing in action. what i have is an intraday charts. the past few back days. this is a six-session chart of the s&p 500. what i wanted to show you -- it is how narrow the range had been in the s&p. until, oft all year course, today, when we saw that big drop in the breakout of it tight trading. something else i wanted to point we have to put it in perspective. this is the one year charts of the s&p 500. as you can see, it has mostly gone up and up and up. seeing only about one and a quarter percent below the record high. yes, the record, not to diminish that, i put it in perspective. iher notable moves today -- want to

scarlet: let's head to julie hyman with a look at the markets 45 minutes to go. julie: we are muddling along. the s&p, the dow, and the nasdaq, very little changed. they have been hanging onto gains. in the fact we are dipping into the red slightly. technology shares have been leading gains. utilities and consumer discretionary stocks are trending downward. that is the balancing act that we see at this point in time. technologies being the outperform or reflected in the nasdaq as well be in the outperform or today. why we see utilities as the under-performer, utilities are on the rise. we saw a relief from that after the retail sales report came out worse than economists had estimated. we saw buying of bonds, a dip in the yield, but that was short-lived as we have seen investors get out of the market and yields are now going up once again. the utilities that i mentioned tend to be interest rate sensitive. that is why we have seen and take a hit. also looking at the dollar, we have seen declines for the dollar tied back to the retail sales report and concerns abou

let's go to julie hyman for details. julie: bloomberg television is on the market. let's to -- let's take a look at the action on the street before we look at what is going on with options. stocks are very little changed across the board. a lot of reaction to what is going on in the bond market. let's talk more about that. joe of equity armor investments. he is joining us -- there he is. he is joining us from out in chicago. thank you so much. how are you? let's talk about the bond tale wagging the equity dog, if you will, over the past few days. rates are staying under control, at least for today. that has not only been the story of the past few days but for the past five years, really. the correlation of equities and go up,- if you see bonds you see equities go up. if you see equities go down -- bonds go down, you see equities go down. this is exacerbated given the fact that we have seen german funds so low. when you see deals below 1% on the 10 year in germany, you get exaggerated moves through a normal move for a bond is one basis point. what you see is on any s

julie hyman has market reaction following the release of the fed minutes be or julie: initially, we did see a spike up in the s&p 500. you can see that on the screen behind me as the s&p erased losses p are now there has been a little bit of volatility. still not seeing huge gains by any stretch. i am seeing the positive for the s&p of about 2.5 point spirit before this came out, it was points.around 2.5 it is a very tight range. a reminder, we could see him a potentially, another record for the s&p 500 today, depending on the magnitude of any gains we have by the closing bell. it does not have to be a huge game p are great now we are trading at a record, intraday and closing day. we will see where we end out the day. any gains for the dow today would put it at a record. also, the treasury market. there, too, we saw initial movement and then sort of a little bit of a coming off of that movement p look at the 10 year note, we saw yields sort of spiking downward and then coming right back up again. pretty much where we were before the minutes came out, around 2.24% on the 10-year. let's c

julie hyman, senior markets correspondent. another stock, shake shack reporting after earnings after the bell or reporting earnings after the bell. the burger chain is under pressure to show investors it is worth its lofty valuation, hovering north of 700. bloomberg west editor at large cory johnson is here with us now. mark: burger issue not a. betty: people were saying when this ipo to, is it worth this valuation? >> business is growing dramatically euro per year, which is great, but this is like , theyeat restaurant stock grow because they add stores. same-store sales is also pretty good. their addition of stores is the way this business is going to grow and growth investors, certain sector of them, love restaurant stocks and a was half. mark: so how do they get the margins outside of new york city? how do they replicate that? cory: that is the question. what can this be in the world of burgers, the world of where you donald's is at the center and all of these other businesses are rounded. mcdonald's is struggling. mcdonald