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E. Coli Outbreak Sweeping Across Europe
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FBN’s Diane Macedo breaks down the stories moving the markets around the world.
- Duration 4:33
- Date Jun 2, 2011
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FBN’s Diane Macedo breaks down the stories moving the markets around the world.
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I was at a good to some market numbers -- a mess yesterday the Dow was down 280 points but -- this morning we're seeing some follow through to that.
In Nam in Asia -- at the Asian markets are down across the board there Europe has also been lower had a bar open in the United States out Nikkei in Japan -- one point 7%.
-- Hang -- In Hong Kong the -- Shanghai composite in China all lower and European markets so far this morning have also been down.
Down about 1% they're both in Paris and Germany but -- -- showing some signs of life after the big drop we had yesterday up by 34 -- that a decline really came this report economic data.
And speaking of which we're gonna get more data on console to the -- on.
That's right -- so we'll -- other markets do after we get that information today on that labor market initial jobless claims are expected to fall slightly in the latest week to 4151000.
Recently nearly every report on jobs has been worse than economists forecasted that includes yesterday's ADP report which you just rest in reference.
That showed only 38000 jobs created by the private sector and may now economists are lowering their predictions for tomorrow's big government employment report.
Setting the expectation now at 150000.
New jobs.
Most retailers are expected to report sales gains for the last month but high gas prices may have prevented consumers from spending on clothing and other items.
MasterCard spending pulse survey shows that online sales continued to grow as shoppers are avoiding driving to the stores.
It says online sales are up nearly 16%.
And we've already gotten the first retail numbers of the day Costco is reporting at 13% jump in same store sales including fuel.
That beats Wall Street's estimates.
Meanwhile Chinese officials are rejecting Google's claims that hackers based in the country tried to break in to hundreds -- Gmail accounts.
Google says the affected users including US government officials and military personnel.
This comes after investigators Lincoln attack to gruel.
On Google rather to China last year.
-- to the Chinese once again now a rare tornado big story in Massachusetts hitting last night -- -- killed four people across the state hardest hit areas included Springfield Westfield.
And -- -- -- these storm hitting.
Read -- -- right around rush hour is really want it done a touchdown and is the first deadly tornado the tornado from time to time in Massachusetts but this is the first one leading to deaths.
In fifteen years the damage as this video shows the worst in Springfield strong winds ripping -- write off of homes and buildings.
Knocking down -- on main street.
Everything blew -- -- in the report author everything went awful.
Everything's -- A mess there Governor Deval Patrick declaring state of emergency and calling a thousand national Guardsmen to help.
A with the cleanup -- -- in Massachusetts.
-- the scene.
He especially in -- in Springfield.
Congressman Anthony -- meantime not -- -- -- a great job of smoothing over this Twitter controversy.
Because it's still a controversy hasn't gone away.
Just yet well if they might if you would stop talking about it that it seems like his favorite topic lately well he has double -- the -- talking but not a lot of direct answer to some of the question it's really weird.
It did number TV interviews yesterday including one with for a parent fox news to try to put the situation to rest and he says he absolutely did not send this I guess -- say suggested photo.
121 year old female follower but he refused to say with certainty that it was in him in the photo.
So -- -- with none of us are quite sure why that's the case but I guess -- you'll find out to wait.
I don't really understand how you can look at a photo -- not.
Know whether it's a -- not but right he says he didn't contact the police about the incident because he said it was just -- -- he's used to it because well after all.
His last name -- winner so there you have a fair point to congressman Anthony -- New Jersey governor Chris Christie meantime says he won't repay the state for a helicopter trip -- took.
-- -- high school baseball game Democrats calling Christie a hypocrite for using the chopper while the he's cutting back on the state budget it reportedly cost 25000 dollars to operate the helicopter for an hour.
But according to the state police he is only flown in the chopper 35 times in a year and a half an office.
And that is far less than previous governors have used so he's not Ambac.
Major outbreak of E.
Coli sweeping across Europe fifteen people in Germany -- died from eating infected produced and 15100 more.
Are sick.
Russia now -- produce imports from all European Union countries cucumbers lettuce and tomatoes sort of the likely culprits they say that many people across Europe apparently -- just.
Avoiding all fruits and vegetables -- that's the best idea or not but.
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