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-- -- little morning program on the farm -- We want we got more weak economic news out of China this -- -- with the country posting a much bigger than expected trade deficit in February.
China -- deficit in nearly 31 and a half billion dollars last month.
After reporting a more than 27 billion dollar surplus in January economists had been expecting a deficit the forecast range from eight and a half.
To around 23 billion dollars the bigger trade gap is due partially to seasonal factors along with weaker demand for Chinese goods.
It's also comes after China announced last week it was lowering its expectations for economic growth.
For this year to seven and a half percent.
Let's take a look at markets now where which are reacting to that news -- -- China among other things here in the US for -- futures down.
The Dow futures are down by nine the S&P by two in the NASDAQ down by three.
Over in Europe we also up finance ministers meeting in Brussels where there -- expected to sign off.
On that 170 billion dollar bailout package for Greece ahead of that markets in Europe are mixed London's down by almost seven Frankfurt's down.
Up rather about a fourteen while Paris is down as well let's take a closer look at what's moving those markets that would ETX capital senior trader.
May not -- over London or not we have the finance -- set to sign off on Greece's bail out today and where there attention shift.
Once this is officially approved it seemed like that -- pretty good number of options.
Does that I think then there's tensions shifts to other European nations that's.
Seems to be in this tough situation -- where with the goes to Greece.
It looks like it extensive have been made in the right direction visited the big -- -- deal went through readiness to be okay looks -- Greece's.
Guessing is next round of funding on on -- twentieth as well.
A soft feel -- -- to go on November about trading here in the UK and across Europe as well -- horrendous abuse -- -- we've got small range is being owned.
And that's because of this Chinese -- -- holdings.
The commodities and natural resources back and let you get the feeling that the market wants it wants to push on the back of the nonfarm payroll.
Numbers that came out Friday is the Chinese states that seems to be -- events.
And we also -- Ireland holding talks with the EU and the IMF to restructure the -- held by Irish banks.
Full visibility and Houston it's it's a remain solvent they've already received.
-- on the from the -- but says that day gain in a very difficult situation and a half.
Referendum was going through and then if if they're not cost and they can they come back to the -- enough.
Karen I'm more referendums on today's cost that the today that he may be some risk remain within the EU remain -- -- -- -- look for another buyouts.
I'm not that they're not live up ready -- capital -- And -- that this -- PepsiCo is taking steps to beef up its management and -- that potential successor to chairman and CEO -- knew -- The company is named former Wal-Mart executive Brian Cornell to head its food division in the Americas.
That's its largest and most profitable unit.
-- also -- John Compton a longtime company executive to the new position of president.
He'll be responsible for integrating PepsiCo's global operations and brands more closely.
The changes come following investor frustration with the company's loss of market share to rival Coca-Cola.
And prices at the pump continue to hurt the wallets of American drivers.
According to the latest Lundberg survey the price of a gallon of regular gas has jumped twelve cents in the last week.
Putting the average at three dollars 81 cents.
Speaking on ABC this week senator Chuck Schumer called on Saudi Arabia to do more to put a dent in the rising price of oil.
It's because of Iran in Iran is threatening to caught off oil production.
The saudis have two point eight million barrels of extra production total Iranian production is 2.2 million if the saudis were to promise that they'd replace.
Every barrel Iran took off the market with a new barrel on the market price of oil would plummet.
Prices are also hitting president Obama's approval rating.
A -- Washington Post ABC news poll -- 65%.
Of those questioned say they think the president -- -- this issue is unsatisfactory.
Now let's get the latest on weather from meteorologist Maria Molina and our Fox Business whether it's -- -- spring is coming really central -- right.
Yes that's right -- anywhere east of the Rockies as -- we're looking towels warm temperatures for us in the northeast temperatures -- -- breached the upper sixties today and -- -- northeast we do have some sunshine from -- -- a Philadelphia but as he heads southward as southeast will have to deal with some moisture -- Atlanta watch after some showers throughout the day today.
And across a Great Lakes region you're gonna be enjoying those warm temperatures but some showers.
And some thunderstorms rolling -- flawed unfortunately some of those on the farm strict and severe across portions -- in the city of Chicago on east where can stop parts.
Other state of Michigan with large sized hail and damaging when as possible and here's a look at where that storm system is right now -- All right Maria thanks a lot.
-- take a look at commodities they are both down Imus in the morning continues right now on Fox Business.
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