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Imus in the morning from.
Around on the fox -- Good morning everyone it's day -- of the papal election and the conclave still hasn't chosen the next leader.
Of the Catholic Church black smoke him out of the -- above the Sistine Chapel today signalling.
No decision has been reached two more votes are scheduled for later today and -- comes after one vote was held yesterday.
We're also set to get several piece of economic data at the bottom of the hour including a look at retail sales for February.
Economists expect sales have increased half of -- percent from January both with and without autos factored in.
We'll also get import and export prices for February import prices.
Are expected to -- by -- -- percent which would be down slightly from January's reading while export prices are expected to match January's reading with a gain of point 3%.
All those numbers come our way at 8:30 AM eastern and we'll have them for you as soon as they crossed.
In the meantime let's take a look at the markets here in US futures had been in the red across the board all morning.
Dow futures are down 32 the S and -- down three and a half the nasdaq's down.
Little more than six.
And it doesn't get any better if you look over Europe Italy had some weaker demand and higher borrowing costs after bond auction there three year borrowing costs.
Rose to their highest level since December.
Four point three billion dollars of bonds were sold with a yield of 2.4 8% up from 2.3 percent.
And this was the first long term debt offering since the country was downgraded last week London's down seventy -- -- done little more than twenty Frankfurt's down about fourteen.
President Obama scheduled to pay Capitol Hill visit for the second day in a -- today as he meets with lawmakers amid budget talks.
The president will meet with house Republicans -- -- after they released their budget and a day after he sat down with senate Democrats.
The president says the GOP budget will turn Medicare into a voucher like program.
And cut deeply into programs like Medicaid while increasing middle class tax payments in order to achieve lower tax rates.
Democratic Senate Budget Committee chairwoman Patty Murray is set to present her budget this afternoon.
And tax season is upon us but if you filed -- H&R block you might have to wait a little longer than expected for your refund this year Adam Shapiro has more on that from our newsroom now hi Adam.
That's right -- good morning to -- H&R block warning tell that customers that tax refunds will be delayed the IRS also saying this apparently.
That's -- deal with filings in which people.
Would file form 8863.
Which is to get the student tax credit if you filed -- that form.
Between February 14 and February 22 -- H&R block.
There's a slight procedural mistake the -- changed the way they want the form filled out.
Some of the H&R block tax prepares didn't do the new procedures so it's slow on the process down about 600000 people blocks -- -- get your refund.
But it's going to take a little bit longer than expected.
And that the FTC we understand is taking steps to prevent advertisers from portraying themselves as regular tweeters out -- even -- -- -- the real word but.
That's -- I'm -- -- well yes people who two weeks might called the regulations.
Coming from regulators who are twits here's what's going on the FTC.
Requires disclosures and advertisements you know this is an -- so when your favorite celebrity tells you go do something.
-- -- sometimes doesn't think we're Smart enough to realize that the actor has been paid to do that so now.
On a tweet or on FaceBook there has to be disclosures.
And they want them at the beginning of the treatment is a problem 140 characters had ever seen those disclosures -- newspaper ads and that whole thing takes forever.
So the FTC is saying the companies can -- comply with.
They're putting something at the beginning of the -- only three characters -- Or sponsored nine characters that way you and I we're not Smart enough to realize that someone's trying to sell us something we'll now obviously know someone's trying to solve something.
-- -- Adam -- live from the new eastern banks out of the it.
And the Federal Aviation Administration has approved Boeing's plan to redesign the batteries and it's 787 dreamliner is setting the stage for the start of test flights.
The measures include changes to prevent short circuits which can lead to overheating and fires.
The FAA's move is a significant step in -- effort to return its flagship plane to commercial service.
Regulators ground of the 787 almost two months ago after battery on one plane overheated and another -- -- fire the FAA didn't say -- test flights would begin.
But industry and government officials say all those well commercial flights could reason and by early may.
JPMorgan Chase tells Fox Business it's consumer banking web -- was unavailable to music yesterday following a cyber attack.
The latest problems on -- dot com come -- intelligence officials say for the first time.
That's cyber attacks and cyber espionage have surpassed terrorism as a top security threat.
Facing the United States.
JPMorgan and other major US banks including Bank of America and Citigroup.
I recently warned their investors at their sites have been attacked is well on that those -- could continue -- JPMorgan spokesman.
Declined to say how long -- dot com was down during the day.
Here's at look at commodities now oil and gold dropped Imus in the morning continues right now.
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