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Hackers Gain Account Info from Citi Customers

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the market ahead of the trading day.

  • Duration 3:59
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Imus in the morning program on the fox.

Let's start things off with a -- business alert on the markets in Asia overnight stocks were mostly lower.

But Japan's Nikkei managed to finish with a gain after the government reported the economy there contracted at a smaller pace than first estimated.

In Europe stocks are higher now.

We got to Central Bank decisions from there this morning.

But the European central bank and the Bank of England are keeping their key interest rates unchanged with -- in line with expectations all -- indexes there are up at the moment here in the US futures also pointing to a higher open Dow futures up 38 points the NASDAQ up almost five in the S&P -- while also up almost five.

We'll have fresh economic data at the bottom of the hour meanwhile 4151000.

New people are expected to have filed for unemployment benefits in the latest week.

That would be -- drop from last week but still high number.

And that report comes out at 8:30 AM eastern time along with the trade deficit for April which is expected to be around fifty billion.

The SEC is investigating whether Goldman Sachs broke laws against bribery in its dealings with Libya.

According to the Wall Street Journal Goldman agreed to pay Libya fifty million dollars that was part of an effort to help the country get back.

More than a billion dollars of its money that Goldman -- leading up to the financial crisis.

Goldman never paid the fifty million but it could still be against the law.

Citigroup has been hacked.

Meanwhile the company says hackers were able to view the information.

-- -- of its bank card customers but didn't get access to Social Security numbers or card security codes Citi says the breach affects about 1% of its customers.

Which according to the Wall Street Journal is more than 200000.

Accounts.

A Federal Reserve official says the debt limit debate in Washington is distracting.

Charles -- the president of the Philadelphia bed.

Told a group of economists in London this morning that the debate is missing the point.

And US fiscal policy is not on a sustainable path.

-- -- also says the streak of weak economic reports is a temporary soft patch.

The company behind the Chicago Mercantile Exchange is threatening to move out of Chicago.

CME group says it's considering moving headquarters out of Illinois because of the State's tax increases but it could keep the Chicago Merc where it is.

Executive chairman Terry Duffy also blaming Washington for the company's poor stock performance saying regulatory uncertainty is a major overhang for the -- President Obama's considering nominating -- treasury -- to lead the new consumer watchdog agency.

Rushed out -- former banker is close to Elizabeth Warren who's working to set up the consumer financial protection bureau Warren was first considered a front runner for the job.

The many in the financial industry and Republicans would have a poster -- this.

President Obama is also planning to create an advisory council focusing on the lives of people living in rural areas.

According to the Associated Press the president is expected to sign an executive order today establishing -- council.

The panel's initial focus will be on job creation and economic development Agriculture Secretary Tom Vilsack will be named its chairman.

Texas instrument is cutting its earnings and revenue forecast the company is blaming the shortfall and Nokia struggling cellphone business.

Nokia is one -- TI's biggest clients.

But the chip maker says all of its units aside from wireless are meeting expectations.

And Texas Instruments shares are trading higher in the premarket.

The USC network could be coming soon to a TV or -- TV near you the Ultimate Fighting Championship is in talks to buy the G four network from NBC universal according to the Wall Street Journal.

The deal would be one of NBC is first sales since Comcast took -- over in January no word yet on how much the deal could potentially be -- Here's a look at commodities now oil gold and silver are mixed at the moment.

Oil up around 101 dollars a barrel and coming up later this hour -- -- guests will be former talk show host Larry King Imus in the morning continues right now on Fox Business.

Giving you the power to --

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