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This is the finals of the morning there.
I'm on the fox.
Morning everyone we are just thirty minutes away from another look at the labor market with a report on weekly jobless claims 342000.
People are expected to have filed.
For first time jobless benefits last week that would be up.
From the prior -- reading of 332000.
But we'll have to see.
If that number is revised as usual -- -- comes our way at 8:30 eastern time you'll have it for you as soon as it crosses ahead of that report.
Markets in the US are fairly flat and searching for direction Dow futures Europe fifteen ESPs have just according to appoint the NASDAQ down -- In you're up though we do have red arrows eurozone PMI indicated contraction that was well below.
All forecasted also joined reports from Germany and France that showed contraction and in Cyprus lawmakers are still looking for an alternative to a bank Levy.
In order to secure a bail out there -- reports that the country.
Is willing to offer banking and gas assets to Russia in return for some cash.
Banks there will now remain closed until next week -- down 54 Paris is down almost 44 -- down about 72.
Let's get a closer look what's moving those markets now adversity -- and head of global and international equities at strollers in London.
Virgin Ebanks in Cyprus -- now to remain closed until next week it seems like every day we come in and -- postponed again but.
There's still no plan B now is this announcement by the ECB do you think that will help.
Get something done.
But I think it definitely puts some pressure.
We have to understand that the different factions -- trying to -- playing pretty -- games.
On one hand -- -- German and French taxpayers don't want to have to bailout Russian money.
On the other hand texting deposits.
Like this is a -- -- -- Of the new kind of measures and then needs to be taken.
Quite seriously and then finally gives Russian.
Perspective on this is that you know they have about a third of the deposits in Cyprus so.
It makes Cyprus of the dedicate I would say nature in terms of its bailout and probably needs a little bit more time to be sorted out.
And I -- do you think those -- -- are enough -- skin in the game so to speak to really get.
Russia and -- particularly of Cyprus can offer these additional assets that they're reporting now.
Yes I think there's there's definitely.
In my view the ambition to get Russia -- -- The question -- is -- used Cyprus is European.
And an homage -- in Europe.
Let's talk -- an external forces being involved -- -- from me.
Financial standpoint with about a third of the deposit to know that that's quite important and -- there was some talks yesterday that they might be at the bank acquisition and it was something I mean did did does a lot of ideas that -- sort of wrong.
But one has to remember that the European perspective is that this is you -- that it has to be dealt according to European rules.
All right a lot of ideas being thrown around -- give any of them stick by next week -- is -- appreciate having you on thanks so months.
And gas prices have been on the rise another big oil companies.
Why -- fingers Lawrence in an -- has more on that what do they say Lauren.
You know this is interesting because oil production domestically is on fire right our stockpiles are really strong so you -- ask -- home higher gas prices.
Still going up the -- -- today three dollar seventy cents a gallon -- the oil companies are blaming the ethanol companies and there -- -- -- fuel companies for the high gas prices.
They say they have -- make sure -- gas as 10% ethanol and it and that's one of the reasons so the two are pointing fingers at each other.
And they're likely gonna take up this issue before congress this year the oil companies want to repeal six year old -- day.
That requires it's called the renewable fuel standard that requires ethanol account for at least 10% of -- 136 billion gallons of gas consumed -- -- And Lauren were always talking about you know how hard it is to find a job bridge back to give -- jobless claims numbers.
So why is it there's so many job openings still left in the country.
That's a bit come on their millions and millions of people unemployed yet.
American companies say that they are having trouble finding top talent and qualified employees 28% American company said that.
According to a new career builder survey it's not just a problem here in the US -- seeing this and other countries as well.
And the problem is specifically in the tech industry IT engineering and creative design they just can't find and retain.
That top talent to hand back to you.
Uninteresting stuff Lawrence and edit the newsroom thank our.
Let's take a look at oil and gold now those have been bouncing back and forth a little bit today we have gold back in -- now up by ten cents a oil still down by almost thirty.
Imus in the morning continues right now on Fox Business giving you the power to --
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