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-- let's start the hour off here with a lot -- alert on the markets where in the Asian markets were mostly higher world overnight following an upgrade of China's debt.
Came from Moody's and also consumer prices jumping in China by the most in two years Chinese market is at the bottom of the screen Shanghai composite up 1%.
European markets have not been and as good -- -- down this morning so concerns about the debt situation over in Europe especially in Ireland.
-- -- quarter percent or thereabouts in London.
In this morning straight here in the US features -- -- even more than that.
And they're down by 54 now on the Dow futures in European debt.
One of -- and one of the concerns of dollars that strength in relative basis against the Euro which tends to hurt US stocks Dow finished with a ten point advance yesterday.
Among the worries about European debt concerns about the dollar kept those gains in check might have been bigger it -- -- that now Cisco shares this morning are definitely worth watching they are plunging.
After the company's latest earnings report tech Bellwether posted a profit of just over two billion dollars and sales of ten point 75 billion.
Put it offered a disappointing sales forecast.
And -- analysts concerned in the stock down to twenty dollars and change the forecast.
Raising doubts about Cisco's ability to remain competitive CEO John Chambers -- too broad economic factors for the shortfall.
Now as for your other headlines this morning President Obama says he expects a broad agreement by -- -- nations on how to achieve balanced and sustainable growth.
President defended the steps the US is taking to boost the economy calling imprudent and stable.
Already this morning -- talks between the US and China are said to have centered around currencies.
And then in a meeting with the German chancellor Chancellor Angela Merkel she focused on her concerns of the recent US monetary policy moves the Fed pumping money into our economy.
-- that President Obama meantime is making his first kids sessions to Republicans as White House advisor David Axelrod has told the Huffington Post this morning.
The administration will accept an extension of the bush era tax cuts even.
For the country's wealthiest taxpayers Axelrod saying it's the only way.
For middle class Americans to keep their tax cuts he also told Huffington Post the president.
Will veto any repeal of the health care law.
And and there's Viacom Viacom's release its third quarter earnings this morning 75 cents per share profit.
Revenue also barely better than expected so Viacom will be stock that we will watch.
A former president George W Bush's book off to a strong start in its first day out decision points selling at least 170000 hardcover copies 50000 ebooks.
Barnes and -- merchants merchandising director saying that the book is performing especially well.
In Republican regions.
Data commodities where gold is up this morning it's back about 14100 dollars an -- with a nine dollar -- and -- -- above 88 should it dropped just below it now still up by sixteen cents.
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