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Markets around the globe first Asia -- are.
Not significantly so but -- 1% loss in Hong Kong.
I -- Europe many questions swirling around the diplomacy and the political meetings that will go along later in the week in Europe.
To try and rescue Greece prop up those debt ridden nations and you have losses north of 1%.
In England but selling across the board there and the same goes for here at -- The losses are in the futures are not as severe but the Dow futures are off by thirty points right now.
And on to commodities oil and gold oil lower gold.
Also lower now down just two dollars an -- For more on Europe let's go live to London where we're joined by Virginia Mason of head of global and international equities yet -- rotors Brigitte good to -- -- I think if you wanted to hit home.
About the kind of critical juncture that the rescue of Greece and then of Spain and it'll late.
Is is that right now if you look at the front page of the Wall Street Journal and is the above the fold front page headline.
Europe pressures intensify and really this article is largely about on the -- Merkel and the situation she is.
Yeah accidentally I think you're entering a period of quite a few key meetings between not and the mid September.
You've also have the markets rallying.
In the past few weeks quite strongly on the words that Draghi.
Said a couple of weeks ago -- ten days -- -- Merkel last -- it has been a lot of hope.
And not where all week clearly the negotiation we agree with Greece -- always going to be difficult.
They want more time -- -- wants to keep on time and increase the pressure.
It's a bargaining game and I think which is answering.
That -- period of bargaining.
All of a rule which we need to see is fiscal integration banking integration.
Eyes you know but -- which is.
It disagrees with with -- on the new plan.
And I think what we are going to see over the next few weeks it's just.
More negotiation in talks -- the European leaders on the -- to get audit these periods mid September.
With a plan that's -- to them.
It's it is that critical vote that's going on in Germany and the lomb that will happen in September.
About -- signing off on these bailouts version -- and but also the Wall Street Journal does point out.
That there are many other nations and leaders in those nations and politicians.
Who also are not on board with what is developing.
Yeah exactly but you have many different factions of remember.
This crisis has been going on for quite a while we have and he should we decision making power but also different countries in Europe are coming from different positions.
So we had even a Nordic Countries like -- Where we have an election coming in September September 12 actually that they Wear a good chairman supplementing on the on the fiscal -- growth pact.
Is -- also changing their tune saying that may -- is very intense.
Fiscal basically and is is actually -- a bit to boost home.
And that it's killing the -- full full full growth than helpful recovery so eternity in Europe.
There's a lot of debate the one thing as investors that we need to know we need some reforms -- -- long term.
That are going to help to boost competitiveness in Europe we also need to have decision making power and we can not -- lawn and -- this song from -- month.
And I think you know between nine the end of September would get it.
Terrific and versioning it was great to -- thank you so -- -- virgin name is enough from Schroeder's be well.
Thank you we're getting earnings from.
Express the specialty retailer reporting a profit of eighteen cents a share that big assessment by a -- Revenue coming in at 454.
Point nine million was short.
Of the 467.
Million dollar testament.
For closer look today show we -- to Fox Business could -- case sergeant who is on the phone from Singapore KK.
Hague Aegon we had downward day here in eight to today about the market losing ground today that we kept them -- trade data current and and -- -- all that uncertainty over the -- he'd be whether it will move on the Euro crisis.
And of course waiting for the minutes of the -- their policy.
Committing all of that.
Being factored into the market today Japan's Nikkei was down one point one per cent.
Today that it.
The market it -- and Nikkei was down a quarter.
Didn't -- dampened by news that the country -- to a trade deficit in July.
They export the eurozone and China -- dramatically and export the united state course slowing as well until we have a copy down for a fourth session it was down -- -- -- percent.
Hong Kong with a lot of down one point one per cent the Shanghai composite.
Down a half percent I want against property stocks a big weight on the index there -- -- reports that eight property tax pilot program.
Was being expanded that was not good for the property companies there -- -- -- Thank you Katie Katie sergeant on the -- from Singapore.
On Wall Street a big week for earnings and housing Sandra Smith has a preview of what to watch for today and the rest of the week good morning center.
Good morning good morning everyone -- today really kicks off you busy week for economic data that we have this morning existing home sales data will be out.
Later this afternoon the minutes from the Fed's latest FOMC meeting.
-- this could give investors in the market place some sort of clue as so what the Fed's it next steps may be.
Also tomorrow -- -- be looking at more housing data new home sales.
Come out tomorrow as well as jobless claims and -- and the week with those durable goods orders on Friday.
Today will also be a busy one for earnings.
Ahead of the opening bell American Eagle the teen retailer will be reporting ahead of the bell and after the bell.
Widely anticipated and long awaited earnings from Hewlett-Packard.
A lot of investors will be watching earnings from HP.
To get a clue of how they're faring in the PC business when so many more people are using their mobile.
Devices so few earnings on the lineup today is us more economic data and -- -- -- -- you and the rest of the week you.
Sandra thank you so much for that.
And we want to check on more of your business headlines this morning shares of Dell -- more than 4%.
An extended trading after the computer maker warned of a challenging second half.
And cut its full year earnings outlook the company says revenue will slide two to 5% in the current quarter from the second.
And will fall short of Wall Street expectations.
For the year Dell's now looking for earnings of at least a box seventy a share compared that to its previous forecast of two dollars and thirteen cents.
It says it's lowering expectations.
As customers cut back on computer buying.
Ahead of the launch of Microsoft's next version of windows.
Out this fall -- Dell's finance chief saying the PC business remains challenging.
In the second quarter you can see our earnings stacked up a profit of fifty cents -- -- better than expected.
Force in half billion revenue short of the fourteen point 64 billion expected.
The multi billion dollar patent trial involving apple and Samsung set to go to a jury today.
That's after last minute talks between the world's two biggest Smartphone makers failed to reach a deal.
Apple claims Samsung should pay two and a half million dollars for ripping off its I've signed an iPad technology.
Samsung says apple should pay 400 million dollars for allegedly stealing its patented technology.
One patent expert says the case will likely boiled down to whether the Samsung products at issue in the -- looking -- almost identical.
To Apple's -- and an iPad he.
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