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Midday Market Report: 11/3

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World leaders descending on Cannes France trying to resolve the European debt crisis this solution next.

Traders put together last week hanging by a thread.

In an unexpected move the European Central Bank cuts its key lending rate to one point 25%.

This under new ECB president Mario drug it's.

-- fewer Americans at the -- -- -- office 397000.

People filing for first time jobless claims.

Stated I RE and discount -- -- imminent and Filene's Basement filing for bankruptcy and liquidating all 46 stores.

By early next year more than 2400 workers will lose their jobs.

But Wal-Mart is giving many shoppers early saving nine hot electronic and wait.

The nation's biggest retailers posting its super Saturday event starting November 5 at stores nationwide us.

And apple concedes there is a problem with the new iPhone four -- battery.

A snag that apparently extends to other devices running the new operating system.

A small number of customers have reported lower than expected battery -- apple says.

Adding they had found a few bugs and will release -- software update to address those.

In a few weeks.

York -- and in any Fox Business.