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There is tensions hold at a simmer. U.S. retail sales bubbling over and equity markets remain caught in the middle. Live from Studio two here at Bloomberg headquarters in New York. Im Romaine Bostick and Im Scarlet Fu. Were kicking off to the closing bell here in the U.S. we have the sp 500 falling below 5100 right now, 5067. Thats down 1.1%. We are at session lows right now. That retail sales report Romain just mentioned pushing out the idea of Fed interest rate cuts even further. Youre seeing a sell off in treasuries as well with the ten year yield moving up to 4.62%. At one point, the two year yield got super close to 5% as well. As we know, Jp morgan and Wells Fargo, among other banks selling investment grade bonds following their quarterly earnings. So some competition there for treasuries. We also seeing nice mixed crude. Now, little change on the day was interesting because for most of the session, oil had shrugged off Irans attack on Israel. But now youre seeing it come
