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Morning everybody we start things off line business alerted the market following yesterday's sell off we -- stocks.
While selling off in here this morning take the European market they have that hadn't lower for most of the morning.
But here in the US features -- -- some gains stocks tumbled in a late day sell off in the last session with major averages are down more than 1% but again we're looking a little better.
As we start off today's session -- -- administration will try again to institute an oil drilling moratorium interior secretary Ken Salazar.
Says he will issue new order -- just yesterday striking down the -- and he says there wasn't enough justification.
So this time Salazar says -- include more information to justify.
And six month ban on deep water drilling.
To our other top stories today now the Federal Reserve will be out -- interest rate decision a little later on no -- change is expected now our.
In the foreseeable future but we're going to be watching carefully what the -- I says about the economy the announcement coming out around 2:15 eastern time of course we're going to be covering that prix here on Fox Business chairman.
Ben Bernanke seems confident that the US will not fall into a double dip recession.
After moving on to a different story now we have that worry about growth and worry about -- later that seems to be the message from Treasury Secretary Tim Geithner.
And White House economic advisor Larry Summers in a Wall Street Journal op Ed this morning laying -- the agenda for the upcoming G-20 meeting -- -- quote.
We must demonstrate a commitment to reducing long term deficits but not at the price -- short term growth.
They want to continue with stimulus efforts that this could be a typical issue because many European nations are already cutting back to avoid sinking into debt problems similar to Greece.
And demand for home loans falling from a six month high despite record low interest rates.
Mortgage applications for the latest week slipping to downward -- by point 9%.
The housing market is struggling to attract more buyers after federal tax credits expired in April.
Interest rates are at their lowest point though since last name any company -- -- opera maker Adobe Systems reporting adjusted earnings of 44 cents a share for the company's.
Fiscal second quarter -- -- says better than the estimate for the current quarter -- forecasting earnings of between 46 cents and fifty cents a share.
The -- -- for 48 cents shares are down more than 2% in after hours trading as you can see you're down a little bit this morning as well.
Here's a look at our commodities today oil and gold splitting things up your -- is a bit lower goals have been higher coming -- thirty we have I miss his next guest is gonna.
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