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Good morning everyone I'm Diane Macedo a short time ago we got a better than expected report on jobless claims 340000.
People filed for first time benefits last week.
I was fewer than the expected 345000.
Also down from the prior week which was revised up to 363000.
Continuing claims fell to two point nine million the lowest since march of 2008.
Checking the markets -- though that report doesn't seem to be helping numbers they're too much Dow futures are still down 125.
Yes -- -- down about sixteen the NASDAQ down 2.5 largely on fears that the Federal Reserve might pull back on stimulus.
In the meantime Ford motors will stop making cars in Australia shedding its two auto plants there in October 20 sixteenths.
Ford has been Australia since 1925.
The -- falling sales high costs and a strong Australian dollar for that decision.
The company -- 37000 vehicles in the country last year and it employs more than 3000 workers there.
-- Australia chief executive Bob grads -- so that costs in Australia are double that of Europe and nearly four times four in Asia.
Ford says they lost 581 million dollars last year in that country as car buyers turn to Japan's Montana and South Korea's Hyundai vehicles instead.
Speaking of cars General Motors is recalling more than 27000.
Cadillac SUVs because wait for it.
The wheels could fall off.
Now the recall is for the 2013 Cadillac SRX with eighteen inch wheels.
We'll -- apparently made out of been tightened enough at the factory but GM says the problem hasn't caused any injuries or crashes.
The recall is for more than 191000 Cadillac SRX sport utility vehicles sold in the US.
About 900 sold in Canada and more than 7000 exported outside of North America they.
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