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Time now for -- world business update.
-- -- Start things off with a lot business alert on your markets here in the United States features are very very flat -- -- only off four point after an 85 point gain yesterday.
-- Europe expectations are the policy makers might resolve their differences.
And work closely together to tackle the debt crisis there and stocks are higher across the bore -- France's turn positive once again.
Let's take a closer look at what is moving those markets with CMC markets analyst Brenda Kelly and London.
-- is the next big event big news day that you will be looking forward to an -- in September.
Eight days in -- At which obviously is something that we need to kind of keep an eye on because it's not -- -- -- we don't throw a lot of what the lungs are being made by.
See -- -- a huge much disarray.
But that'll be -- looking at today in a way is the fact that we've seen -- -- loans increase in Spain.
He got about a 164 billion worth of mortgages that are in arrears over three months at the moment have to consider that Spain is actually just that fake it -- a hundred billion -- it does look quite liking that despite the fact -- -- the it's coming back down the Tibet.
That Spain would have to go ahead and ask for a full scale sovereign van -- So markets -- appear to ignoring this and they feel about what I'm gonna market that's sad.
And -- he is in line with dad Mario try these at -- in terms of bond buying.
But I do feel that may be some surprises to be held there in terms of the actual collateral needed for these -- I'm not -- I would say possibly asset markets and took corrective mode if that does come to costs.
I mean how much of the market's underestimating that -- collateral.
I think that in some ways at the market to become a little -- to -- faces on this bond buying that may or may not yet happened of the ECB.
And that they are floating -- some very very low volume -- already feel that there's anything conviction there.
In the -- that we've seen in the front -- And over the last number of days and weeks so I think in some ways may be -- -- -- might like to think that a lot of the spot news has been discounted.
But we've seen over the last few years not even known news.
And does tend to actually have an effect if we get some sort of -- clarification on -- I think we could be seeing something like up next month.
Brenda thank you so much -- Kelly great to speak with you back here in the states we are getting earnings from foot -- The retailer reporting a profit of 39 cents a share that does beat expectations of 33 cents a share.
Revenue one point 37 billion also topping testament of one point 35 billion.
We're also have some earnings out from JM Smucker the food products company out with an adjusted profit of a box seventeen a share.
Topping expectations of just a dollar a share revenue of one point 37 billion also beating the -- one point three billion.
And then onto FaceBook yes shares are slightly higher this morning in premarket following.
The X Rayed the expiration of that stocks first post IPO lock up.
Shares closing at 1987.
Apiece yesterday after falling to yet another new record intraday low.
More than 271.
Million FaceBook shares held by early investors became eligible for sale following the lock up.
That lock -- just prevents certain shares from being sold on the open market until a set date after the trading debut.
Upwards of a 150 million shares were traded yesterday more than five times the stock's average volume.
Over the last month.
And scandal surrounding big banks could take a bite out of bonuses on Wall Street this year.
According to Reuters citing a report from compensation from Johnson associates.
-- -- will be flat to maybe up as much as 5%.
But that is down from the firms may forecast which saw the extra pay dumping five to 15%.
In addition to the scandals weaker than expected revenue also to blame for the lowered outlook.
Traders are expected to see the biggest bonus jumps this year while investment bankers.
That is one area -- could -- bonus cuts after facing a tough year.
Here's a look at commodity easier to most important ones that's as oil and -- oil is lower below 9514.
Coming up this hour Lori Rothman a Fox Business is the I man's guess.
Imus in the morning and then of course Newcomb.
You can forget the -- and are out there Imus in the morning continues right now on Fox Business giving you.
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