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It's our top stories here just a moment we start this hour with the special report as representatives from several US companies.
-- -- business mission today -- Iraq.
Fox Business is actually Webster is there with them in Baghdad he'll be reporting throughout the day for Fox Business he joins us now by phone.
Tell us about us reports business in Baghdad's -- Ashley tell us a little bit about this -- terms while you're there today.
Yeah actually turn track the big secret -- they are actually outside the US embassy in Baghdad right now we have exclusive -- -- Don't follow the very close trade mission to Iraq as you mentioned at all -- US company.
In Baghdad right now -- -- commercial opportunity now those companies include such a bit.
-- we also have cargo transportation business this whole bit.
Communication engineering companies what they are doing -- -- -- leaving little local Iraqi businessmen and government officials.
Trying to establish relationships and basically hopefully secure a contract.
Are typical web exclusive.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And also we just spoke a couple of -- go to an interview with US ambassador to Iraq -- get -- probable deliberate -- to us about Iraq.
And that -- opportunities that they believe are yet.
Tell us a little bit about that because you think of Iraq -- as being a war torn nation for so many.
For so many years but what about the business opportunities that are there that -- me a reason these people are going there.
Yes actually believe they are no doubt about it -- in a rebuilding of plays and I how long that will take -- released a bench.
This country called oil rich there's a lot of opportunity in agriculture are mentioned construction.
-- project management transportation security -- over the eight bit the bit.
Are definitely bad all you let companies become -- really.
You know open up its market the big question is what world they what are we gonna have a stable Iraqi Government -- -- and that that certainly people he went to the hold back a -- seven.
-- disturbing issue -- they still did not have any government in place the more I mean they look pretty good at but coming here to a beverage contract.
Not to show the people that talking to now will be we want the new government its form nevertheless -- That the book for you like -- tried literally concrete -- true but -- local -- dividend.
On the road what about the safety issues for the companies going in you mention the political stability questions of what is it isn't safe place for.
For people to do business.
Well at -- relative admit what they -- back bad.
The people who have been hit it he felt fortunate album art they elect today at the very much different played -- a lot like well.
-- can tell you we've been hit three days of being an uncle short.
It alarms going off for incoming mortars but what have -- we did it one explosion yesterday and she got -- No actually had apparently these incident all relatively rare now although traveling anywhere is is you are -- to the -- and security.
And this is an issue there are insurgent there a number that actually met a number of shore -- to get like.
Into the international which is a so called -- Doug has certainly declined.
It there are people that don't want the US -- they don't want the current Iraqi Government can get what it -- -- you can describe that.
As -- in shock and so there's always going to be bad element but certainly security is a lot of but it's got a long way to go O'Connell.
Actually we'll look forward of these reports business in Baghdad throughout the day the Fox Business Network -- first report.
On -- phony company in the 10 o'clock hour and we'll talk to Marshall 11 o'clock Harris -- actually -- live from Baghdad.
Let's a quickly run through the markets for -- this morning first over in Europe we -- better than expected eurozone services report.
Not seems to have been helping out stocks early this morning and the European markets -- -- to the -- still up slightly in London but we've come off the highs of the morning.
The features here in the United States have also been moving.
I'm higher -- still up thirteen points and Dow futures off the highs once again that we were.
We were lower in the last session's disappointing economic data and renewed concerns about European debt down on the nets that the -- -- gamble less of a percent the NASDAQ.
Was down by more than 1% one of the big stories Japan this morning cutting interest rates to near zero.
Rated pin point 1% almost for two years of this move shows more worries Japan's economy is not growing.
All nine members of the bank of Japan's policy board voting in favor of that cuts that's one of the stories it's affecting markets some overnight in Japan the Nikkei two -- five top your street was up.
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