Google, the 800-pound gorilla of search, takes on all of retail tech

Stocks (^DJI, ^GSPC, ^IXIC) are plunging at midday, still digesting Wednesday's Fed minutes that suggest there will be a June rate hike. Industrials (XLI) and energy (XLE) are leading the way down, with consumer staples (XLP) and utilities (XLU) barely in the green. Stephen Guilfoyle, managing director of Floor Operations for Deep Value Execution Services, joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance's Rick Newman and Justine Underhill.

Fed drops a bombshell on the markets

Janet Yellen and Co. dropped a bombshell Wednesday, when the minutes from the last Fed meeting were released. The Committee said a June rate hike would be likely if economic conditions continued to improve. The U.S. dollar and interest rates rallied strongly on the news. Are the markets getting it right?

Google to compete with ... well, just about all of retail tech

Google is expanding its reach into some new and exciting products. Some of the items the company will release are Google Home to take on Amazon’s Echo, plus a new messenger service to rival Facebook Messenger and WhatsApp. One analyst says the products look great on paper, but that it’s too soon to tell if they will make a lasting impact.

Tim Cook courts India

There’s a lot at stake for Apple as Tim Cook makes his first trip to India. Depending on how Cook’s discussions go with India’s prime minister, one analyst believes the company could sell one billion iPhones over the next five years. The company is also looking to open several Apple stores, but there’s no word if that will be part of the discussions.