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Verizon Workers Back to Work

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 3:31
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Well for some of the other -- -- -- selflessly out of business headlines making news this morning secondly Diana say don't allow Fox Business headquarters with the latest Diane.

Good morning as they will Dominique Strauss-Kahn could be free and clear come tomorrow that made accusing the former IMF had a sexual assault is meeting with prosecutors today.

And her lawyer speculates that meeting was called the -- that case will be dismissed.

Just on a scheduled to be in court tomorrow in the case against him crumbled after the made admitted to lying to prosecutors.

Doubts about a credibility -- let be the biggest reason why those charges that may be dropped.

Meanwhile thousands of Verizon workers on strike for weeks -- our set to return to work tonight.

But the dispute over their contract is an over Verizon and the unions will resume negotiations later this week.

But they'll likely be heated with one -- union president saying the process will take weeks not days.

Still the union say they decided to go back to work because they got Verizon to take their concerns seriously.

If you're looking to fly in comfort United Airlines might now be an option.

The company plans to invest more than 500 million dollars to improve seating on its planes.

United and continental merged last year and this is just part.

Of the integration process the airline will be adding flatbed seats to first in business class cabins.

Increasing overhead bin space on some and adding -- by others by the end of next year more than 100 planes will have undergone those changes.

And a majority of economists believe the country's deficit should be reduced mostly by spending cuts.

The latest survey from the national association for business economics shows 56%.

Of members surveyed felt that way.

Mean -- 37%.

Say they prefer cutting spending and raising taxes equally in terms of how to reduce the deficit nearly 40% say the best way to do that.

The -- containing Medicare and Medicaid costs.

With the mounting uncertainty surrounding the global markets the focus is shifting back to Federal Reserve Chairman Ben Bernanke.

They'll be speaking later this week at the central bankers conference in Jackson Hole Wyoming and fox business's Peter Barnes has a -- -- all investor rise will be on Jackson Hole Wyoming this week for the annual central bankers conference.

Once again Fed Chairman Ben Bernanke will give the keynote speech and his outlook for the struggling economy.

Many analysts feel that the Fed has already declared its next round of economic stimulus at its latest meeting two weeks ago when it announced that will keep short term interest rates at near zero for the next two years as a result they do not expect any major new policy initiatives from Bernanke.

They expect him only to outline additional options that the Fed could adopt -- -- economic growth in case this latest one does not work.

One of them is another round of quantitative easing QE3.

Additional purchases of government securities to help push and keep interest rates down even more I think.

Think you will signal like a real openness to.

To explore different options and -- -- title lay out the same.

The same kind of menu of options that the Fed continues to say it has and maybe.

You know Jackson Hole is a very academic setting so probably had some depth and detail that we haven't seen yet in terms of like flushing out.

How He sees some of these these other tools working but.

I think you know you have a fed that's kind of at least considering further easing and that's what that's the tone that you should look at this.

The Fed Chairman will make his speech in Jackson Hole on Friday morning back to you in New York.

Thanks Peter five businesses Peter Barnes over in DC and now actually dig in back to you guys -- yeah.

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