There's so much news happening around the world that we're somehow supposed to stay on top of.

That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart

Radio that turns down the volume a bit to give you some space to think.

I'm Wes Kossova.

Each weekday I dig into one important story and talk about why it matters.

Listen to the big take on the I Heart Radio app,

Apple Podcasts, or wherever you listen.

Global Business News 24 hours a day, at Bloomberg.com, the Radio Plus Mobile Act,

and on your radio, this is a Bloomberg Business Flash.

And this Bloomberg Business Flash being brought to by the American Arbitration Association.

Business disputes are inevitable, resolved faster with the American Arbitration Association.

The global leader in an alternative dispute resolution

for over 85 years. Learn more at ADR.org.

In this risk-off environment for investors this morning some encouraging economic

data retail sales actually rose more than forecast for the month of May and

that shows consumer spending will help boost economic growth in the second quarter

was a half a percent increase in purchases following a

1.3 percent jump that was the previous month and that was the biggest gain in a year.

Also earlier today we've got breeding on small business. Small business

optimism rising modestly in May. The index of small business optimism rising two-tenths of a

point in May to 93 a point. business, still continue to see risk off S&P futures down six and the down futures

49 points lower that's down three-tenths the NASDAQ e-million the futures down

...