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Current morning -- and now stocks starting the day.
A little help lower today we'll have more on that in a moment -- -- -- around the world but first the big news is really coming out.
Officials -- racing the severity level of the nuclear crisis overnight they're now calling it a level seven which has the highest level.
On the scale -- -- to the Chernobyl disaster 1986 was the only previous level seven disaster the officials say the radiation at Fukushima is only 10%.
Of what it was that your noble but again the amount of radiation -- into the air and water since the earthquake and tsunami it does qualify this.
As a level seven according to Japanese officials -- to the markets being down if you look first at the Asian markets they did.
-- move to the downside of fresh worries about the nuclear crisis in Japan.
The International Monetary Fund cutting its forecast of Japan set economic growth to one point 4% this year down two tenths of 1% from where their forecast was -- Earthquake Nikkei down one point 7% in Europe this morning stocks are lower across the board London Paris and Frankfurt all down.
Our features here in the US indicating that Wall Street did open war.
-- also is a lot of red today and oil's down stocks are down that's pretty much the formula at least so far.
Mostly lower yesterday.
In the markets but the Dow did -- A one point at the end of the day concerns about earnings and falling oil crisis weighing on investors -- speaking of earnings.
Alcoa kicked off earning season after yesterday's closing bell and the limited maker did report a profit in the first quarter.
You're nicks came at a 28 cents a share slightly above the estimates and while revenue also improved from a year ago it was short.
The weak sales numbers sending the Alcoa stock priced lower in after hours trading their -- -- Al -- is rising prices for raw material -- raw materials and energy.
Offset gains that happened in aluminum prices.
We're learning a little bit more this morning about the president's plan to cut the long term debt President Obama probably will last for more cuts than the one point one trillion.
But he put -- his 2012 budget but likely not as much as the four trillion dollars his deficit commission.
Suggested he will acknowledge the need to cut spending on Medicare and Medicaid but he also suggest raising taxes on the highest earners.
Amazon releasing -- cheaper version of its Kindle.
But there is a catch the new Kindle have on screen ads in the advertisements will not appear while users are reading a book they'll just be on the home page and screen saver.
The new version will cost a 114 dollars which is 25 dollars less than the cheapest -- -- -- on the market right now.
It'll be available may third be sold -- target and best spot.
A live look at commodities now for you because you mentioned -- down.
That's really helping to drive -- 110 dollars a barrel -- crude -- -- just turned back up higher again had been significantly lower than that earlier.
Our gold is down by four dollars 1464.
I -- the morning continues right now here on Fox Business giving you the power.
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