Also in this playlist...
This transcript is automatically generated
Good morning everyone travelers to face a rough start to the week as FAA furloughs began to take the fact.
Most flights were on time yesterday after government budget cuts known as the sequester kicked -- But the real test comes today when traffic increases the airline industry is warning of long delays and cancellations now that 47000.
Including nearly 151000 flight controllers.
We'll lose one day of work every other week critics claim the Obama administration is deliberately making cuts in areas that looks -- the public.
In order to -- pressure congress to back away from the spending cuts.
But the sequester will also affect operations at the Internal Revenue Service which says taxpayer assistance centers and -- free phone lines will be shut down.
-- may 24 June 15 July 5 July 22.
And August 30.
Checking the markets now here in the US futures are up across the board and -- Dow futures of 74 the S and -- have nine nasdaq's up two point one.
In Europe markets seem to be discounting a downgrade.
And Fitch of the UK that's the second ratings company now to take away the UK's triple -- rating after Moody's in the same.
In February also in Italy that country to step closer to creating a government after this weekend's reelection of Giorgio Napolitano.
To beat the country's president stocks in Europe are in the green across the board London's up fifty Paris's up -- -- -- And -- up 55 let's get a closer look at what's moving as -- -- -- Brenda Kelly market analysts that I G in London.
Brenda are you surprised that market seemed to be shrugging off this UK downgrades here.
-- I'm actually not I think there was a broad expectation not may be -- -- party behind the curve when it comes since the UK's credit rating I think.
The markets -- very much focused on what the GDP number would be this Thursday on my work gotten divided on whether we're gonna -- entry triple dip recession here in the UK should.
She even any sort of growth -- -- know more than 110 of 1%.
So I think in some respects it was already there already been priced into the starting trade I think the -- is willing to shrug off a lot of -- -- news at the moment.
In light of the by the week the -- -- already.
And Brenda in Italy -- judge -- -- -- now is the country's president again is that a good thing to change anything as far as.
Moving forward now freely there's used to be a good amount of opposition to this for -- I think it's opens a certain amount of the uncertainty that we've seen in light of that the two months at a stalemate there -- our state Italian government but he is 87 years of age and I think it's obviously seeing being led by the Italian.
But seeing may have we're seeing a little bit about push -- which is obviously need in the European and this is topic higher.
But I do actually believes that this is something -- relief Friday in the aftermath of last week's falls on I'm not so sure how low and long at the longevity of this money that we -- I will be keeping and I and I that's Brenda Kelly and I do appreciate it credit thanks.
Think our and now for a closer look at the Asian market let's go to Heidi -- business reporter for cctv.
-- Japanese shares -- a huge jump today a lot of it.
Had to do with the yen in this whole easing.
Policy what what does Japan looking -- -- now.
That's right I had to I had shall I the cut -- -- -- to ice at that you reichstag was all about hat company -- that he will fight yeah hiding yet again.
Letting that 100 block against Abdullah getting very close to pack at the again that export its infancy not apps and it does it basically street -- that he twenty and it was the last -- But right from -- to pan out as the -- manipulate us at -- giving -- thank you.
It had a great night for states it is tenacity monetary expansion plan wrote that's a just a few weeks Antioch backyard that I had hearings hot it was.
Completely different show we -- but Chinese at home Paul Stutz right now it's day.
And it is here we're facing economic impact.
Of that that's quite that struck Sichuan Province over the weekends of both as a lot of infrastructure that -- -- as well as 100 I -- lives playing -- box and at 111000.
People in it I think it was the -- and share it here in China took the brunt of the losses -- and company -- However have been and continue to -- -- -- in the coming weeks and months -- My thoughts and prayers go out all those families -- -- A CC TV thanks so much.
And Swiss industrial group ABB is buying power won a renewable energy company for about one billion dollars.
The deal breaks down to six dollars 35 cents a share a 57% premium.
Over the stock's closing price on Friday.
Power One based in California is the world's second biggest maker of solar and -- that -- solar power to be fed into power grids.
ABB says the solar in -- market is expected to grow by more than 10% per year.
Until 20/20 one driven by rising energy demand especially in emerging markets.
Here's a look at commodities now oil and gold into the upside this morning miles of seventy cents golds up almost forty dollars.
Filter by section