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This is this Imus in the morning program on the Fox Business Network.
-- -- Morning everyone the number of people filing for first time jobless benefits rose for a second straight week and it's back above that 400000 mark.
Initial claims climbed to 402000.
That's up 6000 from the prior week and above the estimate -- 390000.
Continuing claims also rose to three point 74 million remember the big monthly jobs report comes out tomorrow.
People are expected -- have been added.
To payrolls last month.
-- thirty minutes away from the opening bell on Wall Street taking a look at futures Dow futures are down by seventeen the S and -- down by 250 but the NASDAQ once again it's flat.
Now for a preview of the trading day let's go over -- -- Italy's on the floor of the New York Stock Exchange it seemed like these markets don't really know what they wanted to get any.
Right now sort of treading water here right around the unchanged line this morning -- as you -- it is slightly.
Lower yesterday was an unbelievable day where you have the Dow up nearly 500 points out this -- believe -- over 800 points -- best we can point tense.
Since back in 2008 that would have quite a run here -- for the Dow Jones Industrial Average hours and today yesterday at this financials took so.
JPMorgan for example was the -- performance up over 8% Bank of America all all of these -- are all winners but today.
Pulling back a little bit and rightfully so -- FTC the big move up sometimes they give back a little bit and that's what we're already seeing.
With a name like Bank of America looking slightly to the downside we're gonna keep -- -- -- not Walt Disney today as well.
Of course that Disney has reported.
Record numbers record sales and profits for the year.
And so with that they've raised their dividend and that some great news for the shareholders -- like and that's the annual cash dividend raised by 50%.
Up to sixty cents a share.
We've also got an -- not gotten in those retail sales numbers that we're seeing the retailers in the certainly.
-- -- and focus today the names that look into the upside certainly Nordstrom.
Limited LTD is well.
TJ Maxx and gap also slightly less so than.
That a name like -- and that's certainly going to be a winner on on the downside some of the pressure coming on some of the other retails such as JC Penney Kohl's.
And target -- down.
About 7% in the -- markets up.
This is what we're looking at and the dollar right now to the downside making commodities -- -- -- oil flour gold higher that was a very very big part.
-- yesterday's move when the dollar was down -- nice it was yesterday.
They've also -- change.
Take up next.
I thank nickel and Treasury Secretary Tim Geithner spoke a short time ago at a conference on how -- reduce the risk of future financial crises.
Geithner said the government now has better tool to protect the economy from another crisis but added that there isn't determined effort to slow and weaken reforms that are critical to doing that.
He also says the financial system is stronger now than it was before the crisis but still -- work and collaboration among regulators public and private sectors both here and abroad.
The Blackstone Group and Bain Capital -- looking to team up with -- Asian companies in an effort to buy Yahoo! for 25 billion dollars.
According to Reuters the two private equity firms are weighing a partnership with China's Alibaba group and Japan's Softbank.
The reports -- Blackstone and Bain are both looking to acquire Yahoo!'s core US operations.
While -- mainly focused on buying back at 40% stake of itself that's -- by Yahoo! shares of Yahoo! are high here in the premarket.
And federal authorities are reportedly looking to charge people at three leading Wall Street investment firms in a high profile insider trading case.
According to the Wall Street Journal the investigation is focusing on an analyst.
At the mutual fund firm Neuberger Berman and traders -- diamond back capital management and level global investors.
The journal says charges are expected to be filed by the middle of this month.
Prosecutors claim that some employees and consultants at primary global gave corporate earnings another insider information to hedge funds.
Regulators will be in the hot seat today.
As they face questions on how they missed the growing troubled and that's global.
Commodity Futures Trading Commission chairman Gary Gensler.
And Securities and Exchange Commission chairman Mary Shapiro are both set to testify.
At what will be the first major congressional hearing on MF global since it filed for bankruptcy on October 31.
Both those agencies -- part of a group monitoring of brokerage firms and it's still unclear how MF global misplaced an estimated one point two.
Billion dollars in customer funds which still haven't been found.
A lot of companies may be pulling back in this down economy but not Starbucks the company is planning to expand.
To open new 300 stores in the UK over the next five years that'll bring their total there to more than 1000 stores.
The company expects to create about 5000 jobs with that -- Imus in the morning continues right now on Fox Business giving you the -- across.
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