Also in this playlist...
This transcript is automatically generated
This is and I -- the morning program.
And Albert doesn't look good.
Hi good morning once again everybody SL we wanna start here with the vote in the Security Council in the Libyan situation and then we'll talk about Japan but the Security Council UN Security Council basically giving the go ahead.
For military action and the installation of a no fly zone over Libya.
US Britain and France expected to lead those efforts Libya.
Closing down its airspace is a -- to a possible military action we just found out that information within the last hour so.
-- -- is standing by NRDC bureau with the very latest on what is a developing situation morning rich.
Good morning Connell -- is now signaling it will defend itself against international air attacks the united nations Security Council.
Approve the use of all necessary measures to protect Libyan citizens against their government including a no fly zone and strikes against colonel Gadhafi is air defenses.
Pentagon officials say it is expected the Europeans will fly the first -- to enforce the newly approved UN no fly zone.
Officials say initially the United States will mostly provide logistical support.
The White House says President Obama spoke last evening with United Kingdom prime minister David Cameron.
And French president Nicholas Sarkozy to coordinate the next military steps.
And reports out of the Middle Eastern nation of cutters say the country could take part.
In international efforts to protect Libyan citizens that's good news for the United States trying to avoid the perception in the Arab world that it is leading military efforts against Libya.
Connell -- -- -- in DC now let's shift gears to the other big story of the day and that of course is Japan the race against the clock continues to try to bring things under control.
At that troubled nuclear power plant in Fukushima Adam Shapiro from Fox Business is live for us.
In Tokyo with the very latest from there Adam tell us if they're making any progress as you know it in Fukushima.
Well they say they're making progress but keep in mind that 24 hours ago they that they would have that electric cable.
That they're -- to late to be nuclear facility completed within the hour that was big time yesterday.
-- they come out about that they had completed that first step.
Of course then if they can't re attach electricity to the plant there's no guarantee that the cooling system.
As the different reactors will still function properly.
As of right -- US government is monitoring radiation levels with permission from the Japanese eating high tech equipment which has flown over the facility.
They have detected radiation within the ninety mile exclusion zone.
There have been detected the radiation outside that exclusion done as far south as Tokyo but at level that pose no risk to anyone else.
The last thing is those -- and they are still using those water -- to water.
Into the troubled reactor number three that is their most immediate intern right now because of the type of fuel which is used there.
And the spent fuel rods which -- -- some plutonium.
Pose a much more hazardous to human health -- -- -- abroad according to the Japanese government it is evening here they have stopped -- -- water and they will resume again tomorrow.
After the black out cheer about throughout the country kept go to -- electric power is saying that they may actually spent -- like out tomorrow.
Japanese -- a -- 177 million of them.
Voluntarily cutting back on their use of electricity and where I am live this morning once again cheer boo yeah crossing which is like square.
I've -- tons of people of the -- of light.
Essentially -- this evening per plate that should be as bright as this Saturday morning -- -- Adam Shapiro live from Tokyo -- now there have been very big financial market developments in the last 24 hours as well.
With regard to the Asian markets the G-7 nations choosing to intervene in currency markets for the first time.
Since the year 2000 trying to weaken the Japanese currency make its exports.
A more competitive Fox Business contributor Katie sergeant is with us now from Singapore where she's covering.
Asian markets -- a very volatile week but they -- that the the week with with some gains after that news right -- That's right complicated set of product -- coordinated intervention in the currency market seemed to be having the desired effect.
The Japanese yen is trading around 81 point three to the dollar well off that record I have closed -- 76.
I was good news that -- Japan's big exporters Sony Honda and Toshiba were among the gators in Tokyo today.
Overall the Nikkei two -- I was up two point seven per -- of the -- but it is down.
More than 10% for the week.
Construction -- Steelmaker that we either led the gains in South Korea helping the -- get a little more than 1% for the day it actually up one point 3% for the week.
Property developers weapon on call up and strong earnings report but overall I think they didn't do -- -- finishing nearly flat and down 6% for the week.
The Shanghai composite gave up an early gains as well that is -- four tenths of a percent today down -- for the week Connell.
Katie sergeant air force from Singapore the rest of the markets in terms of stocks are seeing moves higher both in Europe and for the stock index features after that.
G-7 -- -- -- talked about for you.
The F footsie in London is up by one half of 1% this morning let's bring up stock index -- because we have an eighty point advance on Dow futures here early this morning.
NASDAQ-100 S&P 500 futures are up now the currency other commodities markets perhaps most interest in with the Libyan unrest -- up right around one all three.
But think if the dollar -- had been we could this morning we might even see higher oil prices -- Imus in the morning get started a right now on Fox Business Network giving you the.
Filter by section