Also in this playlist...
This transcript is automatically generated
-- -- it's our job on this Thursday morning with the business alert on the markets Indo European markets have been declining -- -- shares being impacted by once again weakness.
It BP shares but after early declines in London the -- is now up.
Almost two tenths of 1% -- also seen gains after the US stock index features the markets saw a late day sell off yesterday at the German.
Chancellor Angela Merkel indicated it was time to withdraw its stimulus -- the Dow ending up down forty points you -- -- Dow futures up 80 some points this morning.
Now as for BP the shares were down as much as 11%.
Earlier this morning in London trade they've come off those -- -- the markets of have turned higher but still that stock plummeting in the US yesterday.
To its lowest level since April of 1997.
Investors worried about the rising cost of the oil spill the possibility.
BP may have to cut its dividend in order to pay for that BP -- saying it has enough money to keep paying that dividend says there's no reason.
That justifies the share price drop.
Parts of other stories that we're following for you this morning several economic reports coming out of Asia.
China's exports surging nearly 50% in May tops expectations produces a trade surplus of nineteen and -- -- billion dollars.
Japan's economy expanding faster than originally thought GDP -- -- growing 5% customer spending more on hopes of an economic recovery.
And South Korea Central Bank leaving its key interest rate unchanged a record low of 2% for sixteenth straight months that's what's coming up.
And Asia here in the US today we'll get initial jobless claims at 8:30 eastern time.
Economists are expecting 448000.
People to have hit the unemployment lines for the first time in the latest week it would be a small drop from last week investors they'll want to see improvement in the labor market after Friday's disappointing jobs report.
Also out this morning bank of England and the European Central Bank making their interest rate decisions both -- expected to leave their key rates unchanged.
And the TARP oversight panel is blasting the bailout of AIG a new report out this morning.
The panel says it's unclear -- taxpayers ever we'll get back a 182 billion dollars invested in the company.
Offices the government should have gotten involved with AIG earlier than it did when it had more options than simply bailing it out.
Treasury and Federal Reserve -- -- bailout was the only option they had for AIG.
The CBO estimate puts losses on the AIG bailout at 36.
Another news alert for instance -- -- step -- last night the city of Chicago celebrating.
Its first Stanley Cup championship this morning at 49 years the Blackhawks beat the flyers 43 in overtime.
They take the series -- game institutes of congratulations to the Blackhawks.
As they would in the Stanley Cup final.
Hard Imus in the morning coming up next right here on the Fox Business Network so don't go it.
Filter by section