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Imus reported programs -- -- over 200.
Good morning everyone I'm Robert Gray will get a look at the August jobs picture in just ninety minutes is the government releases its monthly employment report.
And the economy is estimated to have added 125000.
Jobs last month that would be down from the 163000.
Added in July.
The unemployment rate is expected to -- at eight point 3% it's been above 8% now for more than two years.
We'll also be watching the labor force participation rate now it shows a percentage of working age Americans who have jobs or are looking for them.
That number fell -- -- 63 point 7% in July and if it falls to sign that either more people are not interested in finding a job or they may be too discouraged to look.
The report comes out at 8:30 AM eastern and Fox Business reporter rich -- will be live at the Labor Department but it's all the details as it breaks.
-- a look now at the futures ahead of that reports after a massive rally on Wall Street yesterday you see green arrows across the board.
Days -- for the S&P 500 -- four year highs yesterday up by 13 of went for 3% in early trading.
Over in Europe stocks are still feeling the effects of the European central bank's announcement yesterday that it plans to launch an unlimited bond buying program.
And Spanish at a -- bonds extending their rally from yesterday pushing those yields lower keeping borrowing costs -- that is the -- of the program.
Stocks there are continuing to rally a little bit more moderately today after -- gains -- yesterday.
Let's elect now what's moving the European markets with CMC markets analyst Brenda Kelly in London.
Brenda we did see big rallies both fair here and in Asia overnight looks like it's tapering off a little.
Though -- he enthusiasm wearing out -- their fresh concerns there as he has so called troika is visiting Greece.
Well certainly got there's always that the fear dot says Greece will be -- -- fly in the ointment and of course the fact that bus for an extension on that.
Their actual program for another couple of years of about a since been refused to -- a bit of a problem sold -- -- 'cause of the decent effect we're seeing a lot of risk gone particularly in the mining in the banking sector at the moment and in particular in Spain -- -- on their equity markets.
At -- does seem to be still -- sort of feeling that.
Even though the ECB have done this Sunday -- promises to -- that the children to DO -- it did those still hinge on that.
Actual powers -- -- -- India individual countries to put into place the conditionality and of course it started that would come with.
Any sort of -- -- request and in particular for Spain.
Yeah absolutely would Brenda thank you so much for joining us there will obviously follow this so very closely here and in keeping a close eye on the jobs report as well.
While American International Group has raised about two billion dollars from the sale of a partial stake in its former racing unit AE -- group.
AIG will use the proceeds to buy back up to five billion dollars of its stock from the US treasury.
The move will help cut the government's holding in the insurance company below 50%.
For the first time since taxpayers bailed it out during the 2008 financial crisis.
It's a third time AI GS sold shares of AIK and reduces the stake in the Hong Kong listed company to just under 14%.
Apple is relying less on Samsung for memory chips for its upcoming iPhone -- the two tech firms remain locked in on going patent disputes.
Now according to reports apple has been ordering chips used to store data in the Smartphone from another Korean chip maker as well as to Japanese firms.
Samsung will still reportedly -- -- the main processors used to power the new iPhone.
Samsung has been a cor supplier microprocessors.
Flat screens and memory chips for Apple's iPhone iPad and the iPod.
Apple seeking to ban the sale Samsung's -- Smartphones in the US as part of the ongoing patent disputes.
Shares of Smith & -- soared after the gun maker raised its full year sales forecast due to growing demand for -- here in the US.
Smith & Wesson says it expects sales between 530 540 million bucks for -- fiscal 2013.
In that is higher than yesterday analysts were looking for Smith & Wesson reported a first quarter profit of 28 cents a share that easily topped forecasts.
Revenues up near had nearly half as much again from a year ago to a record 136.
Suntrust bank says it's speeding up a planned sale of Coca-Cola shares or produce a one point nine billion dollar pretax gain and boost its capital.
The Atlanta based bank also says it will take -- 375.
Million dollars third quarter charge.
To buy back mortgages it sold to Fannie Mae and Freddie Mac -- have soured.
It is also taking three and fifty million dollars in charges for the sales of real estate loans.
The changes will increase suntrust net income by 750.
Million bucks for a dollar forty cents a share.
Steps come months after the bank failed part of the Federal Reserve's stress test.
Take a look at commodities now oil continuing its gains from yesterday up above 95 dollars and -- three cents a barrel.
-- pulling back below the 7800 bucks announced level.
Coming up this hour Imus is guest will be thanked the liberals author Alan Colmes Imus in the morning continues right now on Fox Business getting heated -- power to.
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