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This is -- Imus in the morning.
Good morning everyone -- depositors are going to have to wait one more day to find out if their bank accounts will be levied to assist in a bail out there.
A parliamentary vote on a controversial plan has been postponed until tomorrow.
And -- and selling off all morning on concerns about this proposal to fund a roughly thirteen billion dollar -- The original numbers called -- -- six point 75% Levy on all accounts holding up to 129000.
Dollars and nearly 10% tax.
On any account holding more than that but powers that be able continue to discuss that.
Until tomorrow's votes that could of course change now checking market reaction here in the US.
Features are down the looking better than they were earlier when Dow futures were down more than 150 points right now -- down about 76.
The recipes down thirteen -- nasdaq's down 22 banks acts.
Are also taking a hit on this news shares of Bank of America are down about 2% shares of Citigroup.
Are down about the same in the -- market and looking at Europe the major indexes there are also in the red across the board London sound 48 Paris is down about that as well.
Frankfurt's down 84 so let's take a closer look at this whole situation now with -- -- -- market analysts.
And -- RE over -- -- the vote was already delayed once now it's postpone until tomorrow.
Is this because it doesn't have enough votes to pass it they're trying to see if they can Muster up some more -- -- more behind this.
I think that's exactly I think it is a father that just don't have enough votes the possible the moon has also been remiss.
This morning that we could even see the vote delayed till the end of the week as the press and continues try to trying got a social poll is so I think outspoken settled by -- -- father to all.
Already not necessarily in north -- preposterous and that he presents gonna have to spend days and days and based and convince people -- in the best interest cynical chief apostle I think council already won't -- -- that we -- -- -- -- -- Vote -- in the next couple of days in parliament nothing you'll -- that now.
Is essentially going to be a slight difference that's -- change supply maybe with the people lending -- -- would -- 2000 -- on -- -- Had taken a slightly higher ahead with people on 200000 yours.
Taking notice at all and I think not probably the more -- -- -- now which -- probably take a couple more plays to negotiate.
And craggy banks in -- are closed today for a holiday beaten that they're already seem to be sort of a rush to ATMs to withdraw whatever money possible that way.
What do you expect to happen tomorrow when the banks reopen.
Well I'm not -- short from modest at this stage I mean I think at -- -- -- Wouldn't that that no no people allowed to transfer someone else there -- thing is already a block on cable television folks hostile or until at least a decision is made -- apparently only at HM have now been on -- so I think I think it's pretty difficult say this moments on what exactly is gonna happen next because it becomes fronts for -- morning don't you call with Florida.
AT and if you pray still I -- is knowledge committee -- Aren't that India that's tracker oil market analyst at -- are we appreciate it -- thank you.
Truth and speaking of money in accounts 401 -- are meant to be their fear retirement the more and more people are skipping the -- And dipping into the funds NASA is this a good idea Lawrence and an -- has more on that from the news sermon learned their reason was -- to save that for later.
And yet David for a rainy today.
Or for your retirement but more folks are saving it for the rainy day and that's right now.
The latest data show that one in three Americans are tapping into their retirement savings early that's up from one in four.
Who said the same back in 2011 and we're seeing -- among women more likely to tap into those funds early lower income groups obviously.
As well as younger Americans the most money management tell you it's not a good idea and although the job market is improving it's far from healthy.
And that is one of the big reasons that we need that money a little -- And -- what's this about airlines trying to -- -- more than just to see on -- plane now -- someone new came off eight different flights over the past two weeks I can tell you that customization.
And personally nation our key land flying but the issue is is that this.
The system that.
The global airlines use in sites like Orbitz and travelocity is forty years old so -- unable to to work on that personalization.
Like the early boarding the drinks on board the more legroom in the seats except truck.
Like some of the individual airlines.
Can offer so now there's a move to have.
Those that computer system upgraded so we can get more customization when -- -- Lawrence of any from the news your mother bachelor and -- theater.
And President Obama is expected to nominate his next Labor Department secretary later today that's according to sources at the White House.
We say the president look at Justice Department official Thomas Perez for the job.
Press as head of the Justice Department's civil rights division since 2009 and previously served as Merrill -- labour secretary.
Here's a look at commodities now oil and gold have been mixed all morning -- down almost ninety cents trading around 93 dollars a barrel gold is up almost ten dollars.
Around sixty note to announce.
Coming up this hour Imus -- guests will be Jake Tapper of CNN and now here's the IMM live I would -- business.
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