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Good morning everyone Friday morning we start up a lot this -- alert on and the markets after the big rally we had yesterday on Wall Street.
Checking out what's happening first a ball in Europe that this morning where we have -- mostly higher situation London.
Paris and Frankfurt top to bottom your screen the US stock index features after those big gains yesterday on Wall Street -- mixed up four points.
On the Dow futures now the major averages gaining almost 3%.
Across the board -- 273.
Points in Thursday trading on the Dow Jones Industrial Average.
Us talk about BP now which may cut its dividend the company reportedly considering.
Several options for the -- which is due on the 27 of July they could cancel it altogether.
Could reduce it or -- issue was something of an IOU promising to pay shareholders later -- If paid in full it would cost the company two and a half billion dollars.
Even with that many analysts saying that the company has enough cash to pay for the mess in the gulf without filing for bankruptcy protection in the BP stock price rising.
Once again this morning after -- 10% gain yesterday.
Also yesterday the US Geological Survey increasing its estimate of how much oil was actually flowing out of the well before it was capped.
It now says as much as 40000.
Barrels per day escaped until June 3.
-- but the stories that we're following for you this morning and economic news from China inflation.
Rising in the month of may prices they're up by three point 1% compared the same time a year earlier.
Also up compared to April it's putting pressure on Beijing to keep growth on track and try to control politically sensitive crisis then there's Dell -- -- talking to the SEC about a settlement related to its accounting.
Company says it may set aside 100 million dollars it's expected cost to settle that case in the -- CEO -- see -- Michael Dell.
He's target in this probe the company says Dell is included in the settlement talks but it does think the settlement will not prevent him.
From continuing on as the CEO stock.
Doubt about 2% in after hours trading.
And -- -- circuit breaker rules approved by the SEC they go into effect today for six months the rules call for exchange to briefly halt trading of some stocks that.
Make big swings the SE -- DI NYSE will start today with five different stocks you energy resources so -- genuine parts Harley-Davidson riders systems.
And Zimmer Holdings.
More stocks will be added to the list.
Are we -- -- stocks a moment -- take a lot look at the commodities this morning both oil and gold are to the downside.
Oil back below 75 dollars a barrel stay tuned as it Imus in the morning that's come.
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