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Good morning everyone I'm -- say -- and it's time to check the markets now the Organisation for Economic Co-operation and Development.
-- US growth forecasts by a tenth of a percent to one point 9%.
He can see futures are down across the board Dow futures are down 85.
Yes if he's down -- -- down almost seventeen in Europe stocks there are also retreating from recent highs after the OECD cut its growth forecast for the Euro area.
For this year to a negative six tenths of a percent down from a negative 110 of a percent.
In November London's down 96 Paris is down about 55 Frankfurt's down.
We are still waiting for official confirmation also but reports say that Smithfield Foods is close to being sold to a Chinese company.
For between four and a half and five billion dollars Dow Jones report Steinway could announce a deal for the meat producers -- this morning shares of Smithfield.
In -- pre market.
Present a bomber reportedly plans to -- Jason Furman to be his new White House chief economist.
Furman who has advised the president says his 2008 election.
Has helped create administration policies on taxes the response -- the US recession.
And efforts to avoid a fiscal cliff at the end of last year sources say who replaced Alan Krueger the White House says.
We'll return to Princeton University to resume his previous positions teaching economics.
And public affairs there -- appointment would require confirmation by the senate.
And it looks like Sprint Nextel in Japan Softbank has reached an agreement with US authorities over national security concerns.
Related to soft thanks potential takeover of sprint sources say the US will set up a four member oversight committee including a sprint board member.
Which will be able to veto certain sprint equipment purchases if the deal goes through.
The highly unusual agreement which was -- up amid concerns about Chinese espionage is expected to be formally announced today.
But DISH Network is also challenging the deal with the rival 25 point five billion dollar bid for sprint.
Countering soft bank's two point point one billion dollar offer now back.
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