Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Honda Recalling 250,000 Vehicles

Details

  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 5:01
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

This is very -- -- -- morning.

-- on the part of the.

Good morning everyone President Obama will be heading back to Capitol Hill today for his third straight day of meetings with lawmakers over the budget.

The president will sit down with senate Republicans have their weekly luncheon after yesterday's meeting with house Republicans.

-- also stop by the senate Democratic Caucus the president's latest visit comes as the Senate Budget Committee is expected to vote.

On a democratic budget plan today legislation -- about one trillion dollars in spending cuts that an equal amount.

In new revenue from ending some tax breaks meanwhile Republicans in the House Budget Committee approved a plan.

To cut.

Budget plan that is late last night that cuts spending by four point six trillion dollars over the coming decade.

And promises sweeping cuts to Medicaid.

And domestic agencies in an effort to balance the budget in that time period.

Honda is recalling more than 180000.

Vehicles in the US over a -- -- with their breaks.

The recall includes a Honda Pilot and Odyssey Acura RL sedan and -- and see -- Mae between march 2004 and may 2006.

A wiring problem in the electronic vehicle stability assist system can -- -- to seven we kick it even when the driver is in pressing the brakes.

No crashes have been reported from the defects globally the Honda recall covers nearly 250000.

Vehicles.

And we'll get some new data on the bottom of the hour on the economy starting with jobless claims economists expect.

350000.

People to have filed for unemployment benefits last week up slightly from the prior week's 340000.

-- -- producer prices for February the overall reading is expected to rise two point 7% from point 2% in January.

The core rate which excludes food and energy is expected to rise point 2% and we'll have both of those reports for you as soon as they're released at 8:30 eastern.

Checking the markets now here in the US futures are up across the board Dow futures are up seventeen the S and -- of three and a half and the nasdaq's up almost nine meanwhile the Obama administration is reportedly aiming to give US spy agencies access.

To a massive database containing financial data on American citizens and others.

Who bank in the country.

Adam Shapiro has more on that now from our newsroom madam what's gone on here.

That's right -- -- Reuters is reporting that the Treasury Department is actually drawn up a plan to open a large financial database to US spy agencies the Financial Crimes Enforcement Network it keeps files on suspicious financial activity.

Which banks and financial institutions.

Are required by law to report for instance personal cash transactions exceeding 101000 bucks or suspected money laundering.

More than fifteen million reports are filed each year and the Obama administration says access to the network.

We'll help intelligence agencies keep tabs on terrorists and crime syndicates.

And adamant starting to feel like a rare day when Herbalife is in in the news what's the latest on that company -- Well it's not a rare day they're back in the news a consumer group calling on the Federal Trade Commission actually investigate the popular nutrition company.

I hedge fund giant -- -- and as you know back in December he called -- impairments -- -- absolutely denies it.

And says now that the National Consumers League.

Is joining the fight that the league actually wants the FTC to investigate.

Herbalife shares of course -- closed down yesterday more than 3%.

Herbalife says the investigation should be mr.

act -- Now and that -- continues we'll see -- plays out ads appear from newsroom thanks Adam Taylor.

And Samsung is set to unveil its newest Smart phone today the company will sell off the galaxy as sport.

At an event here in New York City the device is widely expected to feature a thirteen megapixel camera a high definition five inch screen.

And it improved eight core process they're sensing is taking steps to avoid a -- -- of the supply back up that impacted sales of last year's galaxy device.

And analysts predicted new galaxy S -- could top ten million unit sales in the first month after its launch.

The US international trade commission has delayed a ruling on whether Apple's iPod iPhone and -- had infringed.

On Samsung patents.

A judge at the agency said in a preliminary ruling in September that apple did not infringe on those patents.

But the full ITC ruling could overturn that and that's now rescheduled for May 31.

Apple has a similar complaint filed which accuses Samsung of copying its iPhone and iPad -- he's he's expected to rule on that dispute in August.

US regulators reportedly -- looking into whether prices are being manipulated in the world's largest gold market.

Sources tell the Wall Street Journal the commodities futures trading commission is examining the transparency.

Of price setting for gold and silver in London the journal says no formal investigation has been opened but this comes as regulators are expanding.

Their review of global financial benchmarks in light of the Libor interest rate rigging scandal.

In a look at commodities now oil and -- sort of searching for direction this morning -- now down about thirty cents gold is down a little more than nine bucks.

Imus in the morning continues right now on Fox Business giving you the power -- process.

Load More