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Or through our friends -- good morning we start off Tuesday morning with -- -- business alert on the market's gonna bring up the European numbers first of some news out of your ticket to at a moment that the major averages -- up.
1% or more features here in the United States let's look at the premarket indicators ahead of the open on Wall Street also.
To the -- this morning -- to that European news Moody's downgrading Portugal's debt rating.
This coming in overnight it didn't cut it by two -- it's still a few notches above junk however and keeping the outlook at stable.
-- says the cuts based on the country's debt situation and also says the country's growth prospects or week.
Portugal reacting this morning saying its fiscal consolidation is necessary.
But may not lead to a quick recovery.
Moody's on Portugal.
-- BP as a new cap on top of the leaking oil well this cap is bigger and it's tighter fitting.
It's the company's best hope to catch this must show oil as it possibly can until -- control.
The relief well which is more permanent solution.
But there are still tests that have to be done to make sure that the capital stay in place is the BP stock price the shares are up this morning on the news also BP confirming that it's still in discussions.
With -- a number of companies as well.
About selling assets and the like so BP continues to be in the news.
This morning -- the Obama administration is hoping the third time -- a charm once again as it tries to get a moratorium on deep water drilling.
After being turned down by the courts this attempt stresses new evidence.
Of safety concerns does not base it on water depth so they're trying a different strategy this time to -- water -- From the previous one and the way it defines deep water.
With Republicans Olympia Snowe and Scott Brown now announcing their support looks like the Democrats do have the votes to pass financial regulatory reform.
Democratic leader Harry Reid.
In the senate says he hopes to finish the bill by the end of this week.
So we have that story in this morning also Alcoa kicking off earnings season with a better than expected our report the metals giant with a profit of thirteen cents a share.
Beat by -- -- compared to expectations revenue also.
-- five point two billion dollars in revenue the company says strong aluminum demand for cars and construction.
Helping to offset a drop in prices the stock up by the way about 4% after hours on the news.
Now the big report will watch for today comes from Intel the chip for giant reporting after the bell.
43 cents shares your expectation ten billion.
I'm in revenue out of Intel key component will be spending by companies in the first quarter Intel started to show improvement.
In this area watching for that after the bell here's commodities we'll take a quick look at those as Imus in the morning.
-- starts right now on the Fox Business Network with oil right around 75 dollars a --
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