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Barclays Chairman Steps Down

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Description
FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
Duration 0:58
Date Jul 2, 2012

This transcript is automatically generated

This is a big shake up of one of the world's biggest fast.

Vocalists that Chapman has stepped down of growth rate fixing scandal -- resulted in more than 400 million dollars that the findings.

The bank was not telling the truth on how much interest it wasn't making.

More resignations and may be criminal charges could be all.

Panicky report out on US manufacturing in the top of the hour -- -- called -- finance sentiment indicator.

At the lowest level in about two years not a positive report he could indicate a pull a jobs report that comes off on Friday.

And utility workers are working round the clock trying to restore power to millions of people in the midwest and mid Atlantic region.

Over the weekend of violent storms caused widespread damage from Chicago to DC.

More than -- deaths have been blamed on the storm.

This will have significant financial implications of the coming weeks heads up everybody the jobs.

Next on Chief Justice John Roberts surprise vote on --