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Good morning everyone Federal Reserve policy makers wrap up a closely watched two day meeting today.
As investors wait for clues related to the Fed's plans for stimulus program the Central Bank has been buying 85 billion dollars worth of bonds every month.
And chairman Ben Bernanke is expected to announce it will continue that effort but may trim it later this year.
If the labor market continues to improve stay with fox business for live coverage.
The Fed announcement at 2 PM eastern and chairman Ben Bernanke's news conference thirty minutes later.
Checking the markets ahead of the Fed decision here in the US geologic features for you guys usual green arrows there at Dow futures up -- -- It's a piece -- to the nasdaq's eight and this comes after another triple digit gain for the Dow yesterday.
Yes and 39 Europe stocks are lower.
Ahead of the Fed decision we've got London down about nine points Paris is down about the same Frankfurt -- has reversed direction up by about six points will be keeping an -- On those markets in Asia though markets there were cautious than in a day mostly lower Hong Kong's Hang Seng fell more than 1%.
The Japanese shares bucked the trend finishing higher.
President Obama is in Berlin Germany this morning where you will appear at two events.
First tell -- with German chancellor Angola Merkel where the two will hold a joint news conference.
And the president will speak at the Brandenburg Gate where the Berlin Wall once separated east from west Berlin.
In that address -- and Obama's expected to make the case for new phase in nuclear weapons reductions.
Saying that the US and Russia can significantly reduce their arsenals beyond the cuts mandated in the 2010 Strategic Arms Reduction Treaty.
This network is giving up on buying sprint the satellite company decided against making a new offer for the number three wireless provider by yesterday's deadline.
And instead will focus on its tender offer for Clearwire.
May be good news for Japan's Softbank which is also trying to buy sprint.
Dish said in the statement that it was not practical to make -- offer but that continue to see -- -- strategic value.
And a merger with sprint.
And this is the latest chapter in the saga that began April 15 the current Softbank offer for sprint 21 point six billion dollars.
Here's a live look at commodities now -- -- -- for -- green arrows there -- up almost forty cents.
Exactly a dollar now at thirteen 67 -- -- Imus in the morning starts right now on.
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