Also in this playlist...
This transcript is automatically generated
This is the Imus in the morning from.
And -- doesn't look good.
-- -- Like -- and good morning -- less than two days away now from a government shutdown -- congressional aides have been working through the night on a budget deal President Obama calling me.
Senate majority leader Harry Reid -- house speaker John Boehner to the White House for an emergency meeting.
If we haven't made progress.
We're gonna go back at it again.
And -- 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 they're making progress on some issues but still not there yet they're they're running out of time at this point -- shut down.
Which start tomorrow night at midnight so called essential government services would remain open even during -- -- but the IRS could close which would.
Delay your tax refund potentially.
European Central Bank could raise interest rates today economists are considering -- -- near certainty.
It would be the first increase in nearly two years and the ECB president Jon Claude trichet.
Has made comments hinting at a rate hike to fight inflation in food and energy prices we'll have the decision for -- 7:45.
Times an hour and 45 minutes from now or thereabouts.
-- -- the markets ahead of that decision over in Europe stocks have been mostly higher through the morning but have now turned lower in London still hanging on to the gains in not Paris now yesterday Portugal.
The -- officially asking for a bail out.
One of the big headlines over in Europe in the US stock index features this morning or not moving all that much just slightly lower now on the NASDAQ and S&P futures after.
Another advance yesterday in what was another light volume day that's -- the way things have been going here.
Of late the -- at its highest point since June of 2000 and -- -- 385000.
New people expected to a file for unemployment benefits for the first time in the latest week it would be down slightly.
From the week before and it would be the seventh straight week below 400000.
After the basically two and a half years of being above that mark just about every week.
Still a lot of people losing their jobs but on the right path in terms of the -- and if that's what we get this morning.
-- Central Bank taking another step to prop up the country's banks following the massive earthquake and tsunami last month.
The banks will offer cheap loans to financial institutions with branches in disaster areas that -- the banks will be able to meet their future demand for reconstruction funding.
The program totals one trillion yen that's roughly eleven point seven billion US dollars.
Central Bank also expressed concerns about -- the country's economy but the bank's comments not weighing on the markets very much Japan's market actually -- the Nikkei.
Slightly other markets in Asia were mixed overnight.
Retail it's going to be reporting their march sales numbers this morning and overall same store sales are expected to be down from a year ago.
Mostly because east yours three weeks later this year sales also may be hurt by weather and rising gasoline prices Costco already reporting its sales -- -- pretty good.
Up 11% from last year easily.
Topping the expectation some Costco stores have gas station -- sales actually were helped -- Costco.
-- higher gas prices General Electric looking to become a major player in the solar energy industry.
According to the New York Times the company is planning to build the largest solar panel factory in the country.
Time says GE has not yet finalized a location for the -- put plants.
I have 400 workers the project will create 600 jobs overall.
The former and -- CEO Jeff Skilling.
Losing his latest appeal for a new trial his attorney argued an anti fraud law was improperly used to helped convict skilling.
The court says any errors made were quote harmless.
Skilling serving more than 24 years in prison in 2006 he was convicted on nineteen counts including securities fraud.
And Bed, Bath & Beyond its fourth quarter results beating yes -- on Wall Street the retailer with a profit of a dollar twelve per share.
Revenue two and a half billion dollars attorneys forecast also topped expectations -- -- -- sent shares higher in after hours trading.
Our quick look this morning at commodities with oil around a 109 dollars per barrel Imus in the morning gets started for you on the Fox Business Network -- the power to prosper.
Filter by section