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On the track starts -- creating fire gallery in new York and lets them start but the -- that would gets all your top stories over -- this morning the major market averages have been lower and London's Financial Times and hundreds -- half percent cac forty Paris -- -- lower.
Features in the US indicating that are open here in an hour and a half maybe a lower one after an up and down session yesterday.
The Dow was down yesterday the Dow futures are down 36 points -- 4 this morning.
All right now let's get to Merck up with second quarter results those came out earlier this morning in the drugmaker earned 86 cents a share on an adjusted basis last quarter it -- Expectations.
Revenue growing to eleven point three billion plus thanks to strong sales of diabetes arthritis and HIV drugs that eleven revenue figure.
Was a little bit short.
Of the analysts' expectation.
-- -- the top stories key report bottom of this hour 8:30 eastern -- show how the economy is -- our first look at the second quarter.
Gross domestic product expected to show a growth rate of -- would have percent.
If that's the case it would be slightly slower than the previous quarter.
It takes out takes usually about 3% growth to create enough jobs to keep up with population growth so keep that in mind we get the number.
At the bottom of the hour President Obama today.
Heading out to Detroit -- -- meet with auto workers there during a three hour visit to the motor city.
Visiting a Chrysler plant and also a GM plant where they Chevy Volt will be assembled.
The president saying the auto bailout.
Was -- success he says it saved as many as a million jobs also he says the taxpayers are gonna get the money back that was invested in the car companies the White House clarified that to some degree saying.
-- that was the money what that was spent by his administration sixty billion dollars not including the 25 billion spent by President Bush.
If that's the case then it would fitted with previous estimates of losses still finished by taxpayers.
And Disney finally selling off Miramax a group -- private investors buying it for 660 million dollars it's more.
Money than their group was willing to pay that was led by Ron Burkle and the Weinstein Brothers.
And an offer -- as well the key in the deal was the value of Miramax's movie library about 700 movies and it.
Including Chicago as well as No Country for Old Men -- -- sold to private investors Tony Hayward introduce this morning once again.
Defended himself in the first interview he's done since he announced he was stepping down as the BP CEO spoke to the Wall Street Journal -- Hayward says.
He did everything he could take responsibility for the spill and to clean it up but he does understand why people are critical problem admitting that comedy made about.
Wanting his life back says that was quote wrong Tony Hayward in this morning's Wall Street Journal.
-- let's look now commodities and the oil prices down 47 cents this morning while gold is up nearly three dollars coming up at 8:30 eastern time the -- -- talked his brother Fred.
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