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Are great and is a great morning so far good morning welcome Don Imus in the morning -- check on your markets around the world.
Starting over in Asia after that brutal loss here in the United States on Friday you have -- Well there largely lower with -- another kind of big plunge on the Nikkei down almost 4% there.
Over Europe but the picture may be a little bit brighter if you look.
In France and Germany you have to markets slightly higher at the moment England still lower here in the US futures.
May be at its -- auto sales but certainly investors looking ahead to the big jobs report out on Friday green across the screen thankfully.
And on to oil and gold both higher in this session called up more than two dollars and house.
Our leading up to Varney and company at a quarter past the hour also one more on this interview with Tony Danza in just a moment but out right outside of the newsroom and -- said a -- your business headlines good morning once again Diane.
Take -- also just got the final reading on PMI manufacturing for May.
Everything came in at 52 point three the flash reading -- 51 point nine for last month final reading.
Was 52 point one and number above fifty indicates growth the index gives a look.
At what's happening in the private sector part of the economy -- -- of playing its best sales for the month of may since 2007.
The auto maker says sales rose 11% last month compared to a year ago led by the ram pick up.
The estimate -- -- -- -- 9%.
Overall analysts expect US sales made a rebound from April to an annual rate of just over fifteen million.
And a management shake up could be coming soon at Microsoft all things.
CEO Steve Ballmer.
Is working on what's expected to turn into is significant restructuring that could include moving several current executives to more prominent roles.
Sources tell the web -- the changes center on focusing the software giant.
Around devices and services and simplifying its management.
The possible restructuring comes amid increasing investor pressure on Microsoft and interestingly a recent run up in its stock.
A Microsoft spokesman declined to comment.
Apple appears we face an uphill battle as it goes to trial today against the Justice Department over charges of e-book price fixing.
The DOJ alleges that apple Penguin Group harpercollins Simon and Schuster has -- and -- -- All colluded in 2009 to raise -- prices set by Amazon which at the time till 90% of -- Apple denied wrongdoing.
And the publishers did all settle for a cumulative 164 million dollars.
But the judge presiding over the case is already indicated that she believes Justice Department has enough evidence to prove that apple knowingly participated.
In that conspiracy the government only seeking an order to block apple from engaging in similar conduct but if the company -- found liable.
It could face damages in a separate trial -- state attorneys general.
And consumers pursuing class actions News Corp.
as a parent company of harper Collins and the Fox Business Network.
As -- -- capital executives are bracing for what could be hefty withdrawals today.
As it's the quarterly deadline for clients asked the hedge fund for their money back.
Our Charlie guests Reno has reported that many large investors including private equity firm Blackstone Group planned to do just that.
-- a reported last week that SEC plans to convert itself.
Into so called family office for -- only managed the multi billion dollar fortune of founder Steve Cohen.
That's one year old hedge fund has been the focus of an intensifying.
Federal insider trading investigation.
SAC has declined to comment.
Fast and -- 611 place at the weekend's box office for the second straight week down.
The latest sequel in the muscle car franchise took in 34 point five million dollars in ticket sales.
Now you -- me the heist thriller about magicians who rob banks opened in second place with 28 point one million dollars in ticket sales exceeding expectations.
After earth with father and son team will and didn't Smith was third with 47 million dollars.
3-D animated comedy -- -- with Star Trek into darkness for the fourth spot.
Each bringing in sixteen point four million dollars and cents.
-- back -- you all right Diane thank you very much as we know all too well Ben Bernanke -- fed.
Announcements are rarely what you described as entertaining.
And another venue apparently it's it.
A different story for the chairman -- here with some surprising details on that recent speeches warrants and Betty out funny -- Bernanke or at least entertaining a lot.
Yep funnyman Bernanke do you remember who spoke here college graduation -- George senator George Mitchell did -- remember who has yet Bob Franken.
Yeah this -- a forehand where I would have said oh yeah I learned about this well why don't remember reminds all set it -- and -- graduating class of Princeton University will certainly remember there's yesterday Fed Chairman Ben Bernanke spoke to them he gave ten tips.
46 that's been in the future.
Answer quiz Tino very commonplace saying that money isn't everything you got to fail in life to truly experience something get your shirt dirty.
But then he was awfully funny a little bit unexpectedly.
He said to those workers out there who have little formal schooling are more fun to have a beer away.
And Fed Chairman also I -- -- -- situation our friend of his had three students three kids who all graduated Princeton university and this is what Bernanke said about that.
That experience is like buying a new Cadillac every year and -- driving off a cliff because college is so expensive.
We nothing credit Ben Bernanke and the Fed under his policies for accommodative monetary policy which essentially has created this housing blown -- We've been seeing in in recent months right home sales are up home prices are up and now flippers are back in the market it's like 2006.
All over again especially in some areas like California so flippers commanded by a home team they fix it up a couple months later put it back on the market.
And they sell -- for much more than they paid they typically pay all cash.
And because supply is so tight in some markets this is actually hurting.
Real buyers were actually looking to live in now McConnell -- Loren thanks Lawrence have been at in the united.
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