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Connell -- I'll start jumped the line this is alert check the markets which have been lower this morning at a bar open on Wall -- and the European markets remained down but off their lows of the day.
Down about three tenths of 1% in London and similar declines there in -- and Frankfurt Germany -- That's the indication lower in Europe here's the indication lower in the United States down 26 points on Dow futures have not no huge declines as an up and down day yesterday.
And he's done a down note down note on some concerns about slowing revenue growth.
Now we -- have some breaking news can begin here the earnings front and down looks like Merck big drug makers been -- to -- Analysts' expectations by a few cents with its earnings report excluding certain items for accounting purposes Merck reports 86 cents a share.
That's in the just -- -- for its second quarter the analysts estimate.
Was 83 cents now however the revenue figure eleven point three billion dollars little bit short of the nearly eleven and a half billion and analysts were looking for for Merck.
3506 was the stock price and yesterday's close we will watch it.
Today it's up 17% of that when your time for an you're looking at there the other thing will be watching today -- -- -- at 8:30 eastern time which will show how strong or maybe -- week.
The economic recovery is we get our first look at second quarter GDP it's expected to showing growth rate it should -- percent.
-- slightly slower than the first quarter and remember it does take about.
3% growth most economists will tell you to create enough jobs to keep up with population growth so that's below 3%.
Confirm some fears the economy is not growing up fast enough to create jobs again that's 8:30 eastern time this morning.
Elsewhere this morning president Obama's headed to Detroit he'll talk today with auto workers there during a three hour visit to the motor city.
He'll visit a Chrysler plant as well as a GM plant with a Chevy Volt will be assembled.
The president saying the auto bailout was a success in his view that saved as many as a million jobs he also said the taxpayers to get that money back that had been invested in the car companies.
The White House had to clarify the statements to some degree saying -- what he meant was the money spent by his administration sixty billion dollars not including.
The -- five billion spent by President Bush.
In other news Disney finally sells off Miramax the other group a private investors that bought it pays about 660 million dollars for it.
That's more than the group that was led by investor Ron Burkle and the Weinstein Brothers were willing to pay.
The -- -- the deal the value of Miramax's movie library which has about 700 movies -- including Chicago and No Country for Old Men.
And there's another effort to get money back from -- Madoff -- -- Irving Picard is the trustee in the case.
Now going after about thirty million dollars he says the Madoff family invested in technology and oil companies -- an existing lawsuit which is seeking about 200 million.
For Madoff wife sons and -- this is a -- top stories coming up bottom of the hour Neil Cavuto has Imus in the morning continues here on --
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