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,

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Ava Bloomberg.com. This is Woburg Surveillance.

It is 830 on Wall Street.

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to learn more. Vinny Galgudise is at the first word desk, it looks like we went shopping in May.

Yes, Michael, retail sales up 0.5% in May topping Wall Street forecasts, excluding autos up 0.4 percent matching

forecasts the Control Group up 0.4 percent topping forecast. Retail sales up 0.5% in May.

Economists going into the reported expected to gain 1.3%.

Inflation news, meantime, import price index may up 1.4% year over year though down 5%.

At the Bloomberg First Work Desk, I'm Fadita,

Judice, let's go back to New York.

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