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Good morning call -- good morning -- man we have they are a couple of interest rate decisions coming out of Europe today the first one from the Bank of England they are not moving on rates as they were not expected to -- they leave rates unchanged.
At half of 1% of their key interest rate though he may get a move from the European Central Bank ECB's expected hike rates it'll be later on this hour and -- terms of the markets how we're shaping up.
All ahead of that and after the move from the Bank of England the European markets are down.
Not by much -- -- down by a quarter of 1% that ECB rate decision by the well be out at 7:45.
Eastern so later this hour.
And when they do raise rates if they do you expect it's it would be the first time in almost two years we've seen rates go up there.
As for US stock index futures ahead of another day of Wall Street trading well so far this morning we're trading lower but not.
Very much lower in fact out features just moved on changes were looking at them yesterday another light volume day just not much trading going on.
But the trading that we did see was higher for the Dow by 33 points and now the highest since June of 2000 native yesterday's close -- the Dow Jones Industrial Average.
-- two days away -- -- from a government shut down and congressional -- working through the night on a budget deal.
President Obama calling the senate majority leader Harry Reid and house speaker John Boehner to the White House.
Four and emergency -- If we haven't made progress.
We're gonna go back at it again.
Keep on pounding away at this thing.
Because I'm absolutely convinced that we can get this done there is no reason why we should not be able to complete a deal there's no reason why we should -- government shutdown.
All sides saying -- -- making progress on some issues but still not there yet and at this point they are running out of time -- shutdown would start tomorrow night at midnight.
So called essential government services would remain open even during -- shutdown but the IRS could close which.
Could delay your tax refund 385000.
-- people expected to a file for unemployment benefits for the first time in the latest week.
That number would be down slightly from the week before and it would mark the seventh consecutive week we've been below 400000.
A two and a half years of being above that almost every single week.
Still a lot of people losing their jobs but the direction here in terms of the trend has been done improving of late Japan's Central Bank taking another step prop up the country's banks using.
Are following the massive earthquake and tsunami last month the bank obviously offer cheap loans to financial institutions with branches -- -- that are in the disaster areas.
-- this way the banks will be able to.
-- future demand for reconstruction funding the program with a total cost of one trillion Japanese yen its roughly eleven point seven billion.
US dollars Central Bank also expressed concerns about the health.
Of Japan's economy but the bank's comments not nationally weighing on Japanese stocks -- Nikkei was up slightly on the day other major Asian averages.
Former Enron CEO Jeff Skilling losing his latest appeal for a new trial his attorney argued an anti fraud law was improperly used to help convict skilling.
The court says errors made were were harmless skilling serving more than 24 years in prison remember back in 2006 he was convicted on nineteen counts including securities fraud.
Quick look at commodities oil just below 109 per barrel this morning gold up sixty cents and it will be in the gym Lloyd Webber.
Margaret -- later on this hour -- continues our business.
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