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Europe is one major headache for the United States -- weakened European consumers buying fewer American good balance.
Gap with Europe rose to a near five year high in July.
The US trade deficit overall white to 42 billion dollars.
McDonald's says its global sales rose last month -- by a weaker than expected three point 7% in Europe is the burger giants' number one mark.
Phillips is cutting 2200 jobs the Dutch electronics company has gotten hit by the week -- -- consumer.
And burglary warns that its full year profit disappoints the luxury retailers suffering its worst share decline ever.
Some optimism here at home the NF -- small business optimism index did rise in August.
But while employment indicators for the fourth quarter improved substantially fewer employers said now is a good time to expand.
A survey by staffing firm manpower echoing that sentiment -- found that companies are not planning to hire new workers in the all important holiday quarter.
Which usually sees a seasonal bump up.
The culprits are the November election the upcoming spending cuts and the European debt crisis.
I -- five the solution don't laugh taken Morgan's chief economist estimates that eight million iPhone fives will be sold in the US in the holiday quarter.
Giving the US economy at any point two billion dollar -- that's.
For more on Apple's expected new iPhone but -- foxbusiness.com.
In New York -- -- a minute.
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