Amy Morris

Hear more from Fed Governor Stephen Myron on the Bloomberg Talks podcast.

Retail sales rose at a slower pace in April, suggesting high gasoline prices prompted some consumers to temper their spending at other merchants.

Bloomberg's Michael McKee.

Bloomberg's Michael McKee.

We do check markets for you all day long here at Bloomberg.

The S&P 500 up seven tenths of a percent.

NASDAQ up eight tenths of a percent.

The Dow up seven tenths of a percent.

The 10-year Treasury yield at 4.45 percent.

The two-year yield at 3.98 percent.

WTI now

Topping $101 a barrel, Brent Crude is right at $106 a barrel.

Ford shares now about 7% higher.

The automaker shares continue to rise after a Morgan Stanley note highlighted Ford's energy storage business and potential tie-ups with hyperscalers.

Cisco shares jumped after that company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the AI market.

Shares of Cisco advancing 13%.

Nvidia shares also rose, extending a 20% rally over the past seven days.

Investors plowing into the chip makers, profiting from a flood of investment spending on AI.

Shares of NVIDIA more than 3.5% higher.

Sources tell Bloomberg a group led by Silver Lake executive Egon Durbin is acquiring 25% of the Las Vegas Raiders.