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Good morning once again everybody stock market closed today -- -- king junior day holiday being observed but -- in other parts of the world stocks are trading were lower in Asia overnight.
Chinese stocks are falling after the Central Bank announced on Friday banks need to increase reserves at Shanghai top of the screen down 3% -- Mostly lower over there lower across the -- Europe this morning.
Down -- 10% in London more than that in both Paris and Frankfurt.
As you're live Fox Business -- here it is Chinese President Hu Jintao talking tough ahead of his summit with President Obama this week president who's saying that the worldwide currency system.
Which relies on the US dollar.
It's a thing of the past and he also criticized the Federal Reserve for its huge bond buying program saying -- that it's hurting developing countries President Obama will once again pressure.
-- to let the Chinese currency appreciate in value.
The meeting with the president -- between the president's takes place on Wednesday.
BP shares rising in London this morning huge deal it signed with the Russian state owned oil giant rosneft.
The companies will jointly explore for oil and gas in the Russian Arctic and they're also.
They've also agree to a share swap that's exchanging about sixteen billion dollars in stock.
Some members of congress worried that the -- what this deal might mean for our national security.
And the Green Hornet taking the top spot at the weekend box office the action movie brought in 34 million dollars despite mixed reviews.
In second place the latest movies I'm -- -- on the dilemma.
And continuing its box office success true grit.
Finished in third with eleven million dollars that's your weekend box office a live look this morning -- commodities.
Both oil and gold and keep monitor look at gold down by more than two dollars and Morgan Stanley has raised its gold estimate.
Six and a half percent 14100.
Dollars an ounce this year thirteen 58 per.
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