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This is -- -- Imus in the morning.
I'm on the fox.
Good morning everyone we have great news for you on -- capital sources tell our on Charlie Gasparino that the firm has identified potential buyers.
But financing is still a problem and that could lead to the deal falling through Gasparino -- that a bankruptcy sale is still likely scenario for night.
The company's working with Goldman Sachs and Sandler O'Neill to find a buyer shares -- -- capital are lower.
In the premarket.
We'll also get a look at today's July jobs picture as the government releases its monthly employment report.
Economies estimated to have added 100000 jobs last month and that would be an increase.
Over -- 80000 though keep in mind that number was -- and 30% of those were temporary jobs.
The unemployment rate is expected to remain at eight point 2%.
And that rate has been above 8% for more than two years now we'll also be watching the labor force participation rate.
That shows the percentage of working age Americans who have jobs or are looking for them that number remained at 63 point 8% in June.
If it falls.
That's a sign that more people -- there aren't interested in finding a job or are too discouraged to look for one.
The report comes out at 8:30 eastern and Fox Business is rich -- -- will be at the Labor Department.
To give us that news as soon as it breaks.
Taking a look at the markets ahead of all that here in the US for seeing futures up across the board Dow futures are now of triple digits -- -- and he's up by twelve and the nasdaq's up by 25.
-- in -- growth in the UK services sector slowed to its weakest rate.
In nineteen months in July stocks are up across the board London's up by eighty Paris is up by 73.
And Frankfurt's up by 141.
Let's take a closer look at -- those markets or -- agreed with IG markets analyst Chris Beecham.
Over in London Chris.
ECB president has outlined a plan to work with the eurozone bailout funds to buy bonds in hope of lowering borrowing costs but.
Could Germany's stand in the way of that -- effort they've been pretty resistant it ECB's -- so far it seems.
It has been narron constant theme from -- -- their constant resistance to any kinds the ECB -- -- president.
Massive bond buying programme but it seems from Chinese state -- yesterday.
Think he's -- -- working on some sort of plan that could -- artist category -- we even seen that in effect.
This morning -- Spanish to yields go back -- -- 7% level that we saw last week.
On the other side of the cornea the IMF calling for a policy game changer is the EC -- bond plan enough.
To -- -- the IMF calling for something else to god.
I think the IMF would like to see something far more expensive in the system may have bond buying program for sees Spain -- I think that want to see sort of -- -- commitment to Europe on which we know Italy and Spain ninety frogs aren't Felices and I'm assuming the problems but that's -- sort of -- -- Imus has in mind.
So Chris -- -- CTV kind of bounced between if you hear when one country supplying resistance -- the IMF calling for even more action and they're proposing.
But ID DD is the issue can we find a balance between and the Germans and devastation I think.
They used to waste opinions he's been shifting for the moment at least in their favour of the southern states and France against the seventh and I think they can use that's a thousand to some sort of action right.
That's -- -- impropriety capital markets in London thanks Chris.
And we're getting earnings -- now from Procter & Gamble the consumer products giant is reporting an adjusted profit of the 82 cents a share beating the estimate for 77 cents.
Revenue came in at 22 point two billion dollars that was also beat the estimate there was for twenty point 26 billion.
Our data coming in from ITT as well the diversified manufacturers reporting an adjusted profit of fifty cents a share the estimate.
Was for 37 cents.
Revenue came in at 568.
Million dollars that was -- slight -- the estimate there was 569.
Point seven million.
Meanwhile Bank of America has received subpoenas as part of the investigation into Libor manipulation.
According to regularly file regulatory filing by the bank.
The Department of Justice commodities futures trading commission and United Kingdom's financial services authority have all requested information relating to the matter.
-- they said that it's cooperating with that investigation.
It also adds that it has received inquiries from regulators about the sale of identity theft protection services.
To its credit card customers.
Well Bank of Scotland meanwhile says that its net loss for the first half group from a year ago.
To more than three billion dollars the bigger losses due to a four point six billion dollar charge for the thing of value of the bank's debt.
Which is higher in the marketing could potentially make it more expensive to purchase.
The mainly government on banks ad revenue fell to nearly seventeen and a half billion dollars from 23 point seven billion a year ago.
As it continued to shrink its assets RBS also warned that it faces several potential lawsuits over allegations that it tried to fix Interbank lending rates.
Let's take a look at commodities oil and gold are both up coming up this hour -- -- his guests will be radio talk show host Laura Ingram.
Imus in the morning continues right now on Fox Business.
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