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This -- 1000000000 Imus in the morning.
On the Fox Business.
Good morning everyone will -- three big economic reports about thirty minutes.
Weekly jobless claims are expected to fall slightly to 355000.
-- down 2000 from the week before will also get a look at wholesale inflation for march.
Producer prices are expected to have increased zero point 3% from the month before if you take out food and energy the estimate is for -- rise of zero point 2%.
And the trade deficit for February is expected to narrow to 52 billion dollars.
Slightly down from January we'll get all three of those reports at 8:30 eastern checking the markets now ahead of -- that US futures have been in the -- across the board all morning Dow futures are up by sixty.
The S and -- up by seven and the NASDAQ is up by sixteen.
In Europe Italy sold three point 78 billion dollars worth of three year bonds with the yield of three point 89%.
That's much higher than in mid -- sale which came in at two point 76%.
Still markets in Europe had changed direction they are in the Green slightly as you can see particularly in London and Paris.
It's up by about 460 let's take a closer look at what's moving those markets now with markets dot com chief economist.
Bill -- -- over in London.
Bill we had a European Central Bank board members suggest yesterday that the bank might be willing to buy more bonds from European countries to help -- get -- a better handle on their debt is that the right move.
Diet it has to be at his.
What are things you look at that that we saw earlier this morning which in Portuguese banks in the Portuguese stock exchange at their worst levels of our earlier this week we -- -- -- banks down 7%.
When we reopened after the long Easter weekend we saw the UK banks down five to 7% very quickly one thing people up remember especially with this one trillion Euro LT are out.
Banks took out all the money I -- they -- back to the European Central Bank ASA -- what money they did that back remember they bought other countries' bonds and one thing they have to do everyday is.
Mark to market -- they're looking at horrendous Paper losses right now the European Central Bank is Mario -- is totals will be.
And is going to be the lender of last resort and -- if they have to buy Spanish bonds Italian bonds which he's -- date we'll pass them.
But are they being the lender of last resort -- are big these countries becoming too reliant on the ECB being their backs up.
Well that -- really have no choice I mean I.
I hate to be negative about it but the fact -- is that as I just mention.
If you're us central bank and you're buying -- you're looking at -- read this Paper losses right now as we get Greece -- talking about a sizable economy with Italy Spain and Portugal and if the European Central Bank is not in buying who else is gonna -- normally -- we are seeing is at least a positive move.
While both the Euro and sterling right now the market feeling right now -- with the Euro we trust the European Central Bank to be buying.
Spanish Portuguese Italian and probably even -- spots right now and I said right now six months from now we may have to look at a different picture of our right now.
They have to do something to support the negativity.
Surrounding the sovereign debt crisis reappearing.
Alright bill -- -- live from London thanks bill.
And Sony is confirming that it plans to cut 101000 jobs over the next year as it tries to return to profitability.
Speaking at a news conference in Tokyo today CEO 'cause you arrived vowed to change and read by the company.
Announcing a plan to focus on digital imaging mobile products and video games.
Earlier this week electronics giant more than doubled its annual loss forecast to a record six point four billion dollars.
Her eyes under pressure to -- an ailing TV unit and turn around a brand that's been trampled on.
By apple and Samsung Electronics.
Google reports its earnings after the bell today and analysts are looking for first quarter profit of nine dollars 65 cents a share.
Up nearly 20% from a year ago.
Revenue is expected to rise to just over eight billion dollars.
One thing that analysts will watch closely is advertising rates.
For the fourth quarter the Internet giant reported an 8% drop in prices advertisers were paying for users to click on their ads that -- concern on Wall Street that FaceBook might be muscling in on that market.
We'll -- Google's results for -- the second they come out today along with complete analysis.
After the closing bell.
Here's a live look at commodity now.
Oil and gold have been mixed -- now up by 45 cents gold is down by six bucks.
-- about 1653.
An ounce coming up this hour -- mrs.
guests will be author Marty Simmons.
Imus in the morning continues right now on Fox Business giving you them how.
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