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Initial Jobless Claims Fall to 428,000

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  • Description

    FBN’s Diane Macedo breaks down the latest data from the Labor Department.

  • Duration 3:37
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This is this Imus in the morning from.

I'm on the Fox Business Network.

Good morning everyone we have breaking news right now and that's Greece's parliament has started voting on -- second austerity vote.

It's on ways to implement those tax increases and spending cuts -- two day strike did not stop parliament from passing the forty billion dollars of austerity measures.

So the plan now is to see how it's gonna be implemented and that plant is expected to pass.

Once it does Greece will get another seventeen billion dollars as part of its bailout.

New claims -- job for jobless benefits fell by just 1000 in the latest week to 428000.

That was above the estimate of 420000.

Ended the twelfth straight week now that claims have topped 400000.

It's also the latest evidence that the struggling economy is not creating many jobs the four week moving average rose just slightly to 426000.

-- thirty minutes away from opening bell on Wall Street taking a look at futures now they are up across the board and have been all morning.

Dow futures are up 33 points right now the S&P -- three and a half the -- of seven.

And if they continue their it'll be the fourth straight day of gains.

For the -- for the index is there so let's go over to the coal at a leading on the floor of the New York Stock Exchange are we gonna see the fourth straight day of physical.

And I'll let you know exactly at 4 PM what we're looking at here though we -- futures pointing to a higher open we've had three straight days of gains.

But we've been down seven of the last eight trading week so let's keep that in mind we have had that bounce back.

-- as the dollar has been -- the Euro has gained some strength.

Over the last 48 hours of -- -- A little bit of relief coming out of Greece but of course we continue to keep.

A -- -- there on Europe what are -- gonna watch today well yesterday -- right here in the crowd at MasterCard both Visa and MasterCard.

Got a huge pop going into the close based on the new debit cap these hot today.

They'll probably give back a little bit of those gains -- big -- that -- -- late in the day yesterday so look for both Visa and MasterCard.

To pull back a little bit at the open.

Also looking at Callaway Golf everybody knows their big Bertha golf clubs well live reporting a loss and so as a result.

It's down about 7% in the free market so that one now looking like a loser.

Raised to -- I and that's eBay.

EBay is looking up two and a half percent.

So that one certainly.

Winner and -- raised to buy from neutral over at Bank of America also keep an eye on the spice maker McCormick and Casey is the ticker symbol.

Beating the street with its numbers.

And TJ acts which is parent of TJ max we'll be back out of -- reading this morning over at Nomura securities new price target sixty -- up from.

Fifty dollars so those are few things to watch also.

Potential layoffs at Bank of America and Goldman we'll continue to watch that I know we have some layoffs here.

They still continue here on the floor the exchange -- out worldwide global that's coming and that continues to apparently.

So that is what's gone on there and -- -- -- -- pockets and answer back.

Thanks Nicole and from the New York Stock Exchange over to the NASDAQ which is considering making a bid for the London Stock Exchange.

That's according to -- businesses Charlie Gasparino -- -- is reporting that merger talk between the two companies have not started yet but could happen in the next few weeks.

Yesterday the Toronto Stock Exchange dropped its planned merger with the LSC.

And earlier this year the NASDAQ lost out on buying the New York Stock Exchange here's a look at commodities now oil gold and silver are all up at the moment on oil is around 95 dollars a barrel and gold is -- -- -- -- and silver is up by 32 cents.

Imus in the morning continues right now on Fox Business giving you the power to.

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