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tv   FBN AM  FOX Business  June 5, 2015 5:00am-6:01am EDT

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sandra: breaking news this morning. the u.s. says china is behind a massive cyberattack that hit u.s. government workers but china says, not so fast. greek's prime minister gets ready to brief an angry parliament after delaying a debt payment. officials say this is not a good sign. after the june swoon on wall street futures are lower on the open. i'm sandra smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am." a first look at what is moving in today's markets. the first looks at breaking news and what to expect in the day
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ahead. a data breach may have compromised the personal information of more than four million government employees. senator susan collins a member of the senate intelligence committee says it was carried out by hackers based in china. china called the accusations irresponsible. u.s. office of personal management is offering credit monitoring and identity insurance offered to anyone affected by the attacks. the country's prime minister tweeting that the government will not accept extreme proposes. our people have suffered enough he says during the past five years, hashtag greece. ashley webster is following all the latest developments on greece. he joins us live from the newsroom. good morning to you, sir. what now? >> oh, my gosh, it is like groundhog day on this story. could this be a final act in the long-running soap opera, as the
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greeks turn. greece told the imf it will delay the $139 billion debt repayment and bundle all four payments together. the athens government has until june to pay $1.6 billion in total. that is the same day that the bailout deal with the e.u. and imf runs out. greece's money also running out. of course european creditors saying fundamental differences remain between the two sides. the main sticking points involve pension cuts, reduction in government workers, tax reform and more private sector investment. a couple things could happen here, sandra. either greece defaults or the greek government as it stands could collapse. we could be at the endgame of this story. sandra: ashley, thanks for joining us bright and early. nicole is working phones on this. what are you hearing? >> this is really serious.
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i talked to high level sources to see what they're thinking. the greek side and e.u. and imf, ecb are very par apart. the guess what may happen, there will be somewhat of a bandaid, something near term, something small that will obviously relief those liquidity concerns but in the end does not solve the big debt issues looming over the next many years. and now you have sip press who will have to sell this to the party -- tsipras. the leadership of this party. he says while we surf we have to accept this deal. this is the first time a country deferred a payment to the imf in nearly three decades. so that is a big deal. >> are you guys hearing, nicole, with all your talks about contagion spreading to weaker economies in the eurozone if greece should default and exit the euro, italy portugal.
quote
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sandra: that would be obviously detriment al. the greek people don't want it. i have to tell you, according to the high level official they don't want it in the eurozone either. they want the payments done and to be successful. sandra: we have seen the story before. it is all about buying time. we want quick analysis of the situation. all the greek drama. robertrobert van battenberg joi. with societe generale. join us kindly by the phone bright and early. robert, are we getting closer to default or a deal for greece? based on your analysis what will happen today? >> i think eventually greece will get a deal but they have the upper hand right now. the european government, the troika, if you will, has an enormous amount of greek debt and gets more and more. greeks get more and more
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leverage. don't forget the real deadline is more like july and august when large debt payments are coming due to the ecb. they are buying time and they have a little bit of time left. we can go back and forth with negotiations over the next couple weeks and we're still on the verge of a deal and it make -- may take a couple weeks more for agreement. sandra: what does it mean, robert? we're a few hours on a opening bell. ending a week on friday with the looming debt concern? as lauren pointed out, contagion is a concern. what happens to the markets here? is there a concern that there is going to be a ripple effect? is this priced into u.s., into the u.s. stock market? >> well the markets have been very sanguine in the last year or so about greece, much more than say in 2012 and 2010. but the real risk is, if the eurozone comes up with a deal, that it is extremely favorable
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to greece, just to put them, to put the issue to bed, then it spills over into spain. spain has elections by end of this year. -- hard left party, which has been very successful in regional elections a couple weeks ago, the general elections are by the end of the year. they could actually meld this issue and actually claim victory, look with they're doing to greece. they ought to do it to spain too. it could spill over into the wider region and into the u.s. sandra: robert, stay by your phone. anything could break any moment during this hour and we're going to need your expertise. stay close. thank you for joining us this morning, for setting that up this morning. we'll continue to bring anybody any breaking details that come out of this as we await some sort of a decision, will there be a deal or won't there? robert, thank you. european stocks this morning, we're watching the ftse, the cac and dax all trading to the downside, losses of nearly a full percent.
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obviously concerns in the european markets. looking here at home, u.s. stocks index futures, we are seeing mixed trading after yesterday's selloff. dow futures following through with a couple point loss. the s&p and nasdaq have turned positive. looking at asian shares, in overnight trading, some weakness there following a selloff in the u.s. yesterday. the nikkei, the hang seng and singapore all to the downside. hang seng down more than a full percent. the most closely watched economic report of the month coming out this morning. lauren simonetti joining with us a preview. the big government jobs report and we'll meet expectations? everybody is look at this report because according to the federal reserve we are nearing full employment in this country but everybody really question this is report for its authenticity. does it really represent the job situation in the u.s.? >> no, not when you look at wages, right? wages have been stagnant essentially since the late 198's.
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you're making the same exact thing. unemployment rate, if we pull up numbers the expectation is to stay at 5.4%. that is right near what the fed considers full employment. that is troubling for the fed. what do they do? we're not seeing the economy perk up especially not in american's wallets. expect the number to be 225,000. that is up from april's 223,000. before you came to me you were showing u.s. futures. they were essentially flat. that is exactly what we see when we have a major jobs report coming out. the report hits about three hours from now. we'll see the market move. how we react to this report is affected what is growing on overseas particularly greece. sandra: we'll be watching. >> revision once month ago was revised lower. only 85,000 jobs added. >> the issue here. we look at average monthly growth for the year. last year was best month in age,
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right? because job creation is so weak we're pulling that number down. we haven't had an average of 200,000 this year. that is concerning for people that like to see certain benchmarks. sandra: most economists say we need much higher growth to keep up with population. >> 300,000. sandra: join maria for the special on jobs report. i join her from 6:00 to 9:00, don't miss her show. coming up on "mornings with maria," international monetary fund director christine lagarde. she sat down with maria on whether the federal reserve should delay a decision whether to raise interest rates until next year. >> what we're seeing in the data, particularly on inflation is that the pickup is very slow. and we believe that there is a good argument to actually defer until early 2016 any rate hike. sandra: you will not want to
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miss maria's exclusive interview with the imf chief at 6:00 a.m. eastern right here on the fox business network. yesterday, marco rubio spent time being #oneluckyguy with the ladies of "outnumbered." here is what he said. you're not fear if you recall that the growing number of gop candidates is going to hurt your party? >> i don't. i think we'll have a very good debate. these are quality people that will be well-financed, have a good message. we agree on a lot of issues, we disagree on others. we'll talk about those. think from a competitive process you get a better nominee. sandra: he says it is better. rick perry shortly after that discussion threw his hat into the republican presidential ring. we're waiting on jeb bush in a few days. investors watch the opec meeting today. the 12-nation cartel is expected to remain at current production
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levels despite low oil prices. late last year saudi arabia the top exporter would not longer cut production to keep prices high. oil prices risen more than a third after hitting a six-year low of $45 a barrel in january. market watchers say officials see little reason to change a strategy that helped reverse declining growth in oil consumption to put a damper on the u.s. shale boom. the bird flu hitting home for breakfast eaters which many of you are doing right now. lauren what is going on? >> i can't wait a eat breakfast. three cartons of eggs all you buy per trip at atb. a food store. the chain limited purchases because they're having trouble getting eggs because bird flu affected more than 200 farms. 45 million turkeys and chickens across 15 states. as a result the wholesale price of eggs you're looking at right now, large eggs doubling to $2.40 a dozen.
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you have restaurants like what a burger who serve eggs for breakfast. they have to pare their breakfast hour because they are conserving. we're almost hoarding eggs. sandra: we talk about the price of eggs doubling, or at least skyrocketing from $1.31 a carton up to $2.40. how does that translate to business owner who predominantly sell as lot of eggs. >> tell you what they do. >> even some breakfast place. >> bacon prices have come down. they keep prices probably right in the middle. it's a wash in the end. i bought eggs yesterday. $4 a carton. they were like organic. >> that is whole another story. sandra: as far as egg producers themselves, calm, the ticker symbol, i was looking at it this morning. over a three-month period the stock nearly doubled. it is not hurting egg producers themselves. right now they're passing that along to the consumer. we're paying for it. >> we are. sandra: coming up the world's
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biggest retailer has a big problem. it involves some sticky fingers. we'll explain. big matchup in the nba between lebron james and stefen curry lived up to expectations. we'll tell you who walked away with overtime victory. after yesterday's selloff on wall street here is how futures look ahead of today may's jobs report. ♪
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♪ sandra: let's get a quick look at the market this is moring. we see some mixed trading so far. overnight the dow slightly lower. s&p, nasdaq, higher. so some pretty flat markets as we await this major decision on what is going to happen with greece's debt. looking at european markets, weakness overseas with the cac
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in france down nearly a full percent. weakness across the board. over in asia watching markets weak there as well. all to the downside. walmart looking to crack down on theft. nicole what is going on at walmart? there seems to be continue all problem for the retailer? >> this is front and center are on walmart's docket right away. maybe more than sticky fingers problem. reuters is reporting that the head of the retailer's u.s. operations says that he is added theft and other forms of unknown shrink to a list of urgent items. he says that the problem typically represents 1% for any retailer's sales. so revenues at walmart totaled about $300 million in the past fiscal year. he says that the unknown shrink could stem from mistakes in inventory record-keeping, maybe stealing by customers or employees. the goal is to trim this 10 basis points. that is $30 million.
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so they're trying to figure out what the problem is, why is this inventory story disappearing? as we noted record-keeping or may be stealing but really theft overall. half of it is food. are people starving or so easy to steal food at walmart? they have over 4500 stores. this is a main focus. sandra: big problem for them. thank you, nicole. turning to sports the golden state warriors held off lebron james and the cleveland cavaliers in overtime victory in game 1 of the finals. stephen curry had 26 points and eight assists. the final score was 180-100. key reirving limped to the locker room after aggravating his left knee. game 2 is sunday in oakland. the french open, serena williams stands only one match away from winning her 20th grand slam final. she fought through the flu to win in the semifinal.
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the two-time french open champ will take on saparova for the title. in baseball the new york mets picked up a rare road win beating arizona diamondbacks 6-2. matt harvey stopped his three--game losing streak. we're happy about that. before you head out the door, let's look at weekend weather forecast with fox meteorologist maria molina. good morning, maria. good news on the front? >> good morning, sandra, depends where you live. in the northeast, it will be absolutely beautiful, a lot of sunshine and temperatures on a warming trend. this morning you're still on chilly side. 55 in new york city and as we head farther west across the head farther west across the nation look at some o temperatures this morning. very warm out there. 70s across texas. 60s for you in kansas city. unfortunately the warm temperatures and a lot of humidity are starting to fire up storms and have been doing past
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basically 12 hours across portions of high plains and central plains. we're still tracking storms early this morning across portions of missouri into kansas. there is a severe thunderstorm watch in effect. across southeast parts of kansas, due to possibility of damaging winds or large hail from some. storms. for today we do have risk for additional severe storms across high plains, central plains. that does continue as well as we head into tomorrow for the start. weekend across portions of midwest and plains. stay, as far as travel goes looks like relatively quiet day especially across the eastern half of the nation. atlanta you could look at spotty shower or thunderstorm. i don't think it will be enough to cause issues at the airport and other areas, not bad at all. new york city 68 degrees for high temperature with sunshine and clouds. sandra, head over to you. sandra: thank you very much. coming up greece's prime minister tweeted his country, quote, suffered enough. what does that mean for any debt
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deal? will it happen or won't it? we'll take a look at that investors getting the big kahuna of economic data this morning, the may jobs report out just a little while from now. what's going to happen from there? we'll have a preview. here is what dow futures are doing ahead of that report this morning. down nine points for the week. the dow down .6 of 1%. by far and away the worst performance for the major averages for the week. will things turn around? stay tuned. ♪
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sandra: breaking news. the u.s. says china is behind a massive cyberattack that hit u.s. government workers but china says, not so fast. greek's prime minister getting
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ready to brief an angry parliament after delaying a debt payment. european officials saying this is not a good sign. after yesterday's june swoon on wall street, u.s. equity futures are pointing to a lower open yet again this morning. some weakness there across the board. good morning, everyone. good friday morning. i'm sandra smith joined by nicole petallides. this is "fbn:am," the latest breaking news and what is to be expected ahead. the fbi investigating a data breach that may have compromised personal information of at least four million government employees. senator susan collins, a member about senate intelligence committee, says it was carried out by hackers believed to be based in china. chinese officials are denying those accusations and are calling them irresponsible. the u.s. office of personnel management is offering credit monitoring and identity theft insurance to anyone potentially
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affected by those attacks. the drama continues in greece this morning as debt talks continue. the country's prime minister tweeting, the government will not accept extreme proposals. our people have suffered enough during the past five years, hashtag greece. ashley webster is live in the newsroom with all the latest on this what is happening now, ashley? >> good morning, sandra. bottom line friess is not going to make the $339 million payment it owes the imf today. instead it will combine all the four june payments together. that means the athens government has until june 30th to pay a whopping $1.6 billion in total. the last country to bundle together payments like this to the imf was zambia back in the mid-1980s. today's non-payment puts pressure on the imf and e.u. to get a deal done. failure to reach agreement could trigger a greek default and potential exit from the eurozone. that always has been a threat.
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angela merkel says we want greece to stay in the euro but in order to achieve that greece has to make the necessary efforts. the standoff continues, sandra. back to you. sandra: it does indeed. we'll have latest in this hour, bring it to you as it happens. ashley, thank you. nicole, you've been making calls on all of this. i always like to mention, you are greek. you have family in greece. this story very close to you as well. what are you hearing from your family. sandra: absolutely. you never want to see people suffer. the living standard has dropped 40% there. i've been talking with traders, how are they handling it. most traders are standing pat on this one because we can't guess which way this will go. today's debt payment is deferred and bundled until the end of june. i spoken to high level officials pertaining to greece. it will be a quick bandaid, something small to help with liquidity currently. all the things, big picture items, debt going forward that may not be in this because greece overall is not happy. at this point the minister, the
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economic minister, says that greece can not accept new proposals that have been put on the table by the lenders. so, greece still talking tough. this is a serious game of chicken. this affects all of us in that we want to know what is going to happen with the euro, with the dollar, with our markets here at home and any possible contagion. >> we'll have the same conversation monday morning. we'll talk about this through the weekend. it is most complicated, complex issue not a surprise to anybody. it has been going on since what, 2009. sandra: the difference though used to kick the can down the road, okay we'll set a deadline three months from now, four months from now. the difference they're trying to bundle all the debt payments to have something done by the end of the month, right? the deadline is today for some sort of a decision, which means everything will come to a head. yes is why we're watching this so closely this morning. it has been such a big influence on markets. speaking of which, take a look at dow futures, somewhat muted after we saw the u.s. major
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averages close at their lowest levels in nearly a month in yesterday's trading session. all major averages on pace to close lower for the week. looks like today is no different. we have breaking news out of europe what will happen there. look at european markets. still a lot of weakness there as well. the cac down more than a full percent, france, ftse, dach, trading lower this morning. want to look at gold as well. i encourage you to tweet our thoughts what is happening in markets this oning@fox business fbn. @sandra smith fox. keith is watching gold. into the jobs report watch gold prices. bad jobs number is good for gold with upside to $1205 a so is ounce. something to watch. we continue to wait for the big government jobs report. that could be a big market mover. most closely watched economic report is the monly jobs report.
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sandra: lots of numbers. this will hit the tape an hour before the stock market opens. how many jobs were added in may. the forecast is right on the screen. 225,000. up from 223-k in april. unemployment expected to stay at steady rate of 5.4%. we brought this to you earlier, that means we're so close to approaching what the federal reserve considers full employment. here are things underneath the report that you need to look into. labor force participation rate. the percentage of americans who have jobs or are searching for them. that moved up a bit in april. it is still very low. 62.8%. wages, underline this one, hyphenate it, whatever, i mean star it. hourly workers made three cents more in april. they're making not even 25 bucks an hour. in the past year wages have barely grown when you adjust for inflation, annual family incomes now are exactly what they were in 1988. what does the fed dog with this
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situation? >> when i'm watching this jobs report, so important for americans, many have taken jobs, ready for full-time work. taken part-time work. not seeing wage growth. it is somewhat stagnant. three cents last month. the big picture what the imf said, they really encouraged the u.s. to hold off on the rate hikes. there was talk, like june, forget june, right? then it was september, november. does it go into 2016? because you know you don't want the fed, the fed's not going to raise those rates and be sorry they did. a lot of traders are betting that rate hike fetes pushed off. now you have the imf backing idea. >> some americans living paycheck to paycheck. those americans able to save, they're not investing their money. not really spending help the ec. >> nowhere to put it for return except for the stock market. sandra: record low interest rate environment. make sure you stick around for "mornings with maria" for
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special coverage of the may's jobs report. coming up, "wall street journal" says the government will hit up the nation's biggest banks for more money. we'll have details on that. an overtime victory in the nba finals in case you missed it. we'll tell you who walked away on top, lebron or steph. futures right now pointing to a lower open. dow futures down five. ♪
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♪ sandra: welcome back, check being equity markets around the globe we're now this positive territory. u.s. stock index futures have been pretty much flat in the overnight session. interesting to point out we have turned positive as we do await a big government jobs report. any sort of deal to get done over in europe as far as greece is concerned. european markets still showing weakness with the cac in france down a full percent. foot at this and dax lower as well. weakness in asian markets. oil prices continue to move to the downside. opec meeting today. 57.70 the price there for a barrel of oil, down a half a percent on the session. the justice department reportedly preparing the next round of settlements with banks over the sales of mortgage securities before the financial crisis. nicole has been following this
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and has the latest. >> we're looking at latest. "wall street journal" says nine u.s. and european banks are in line for new settlements. these banks are expected to pay as few as $300 million to $3 billion. that is a lot. justice department and u.s. officials reaped $37 billion thus far from the largest u.s. banks. meanwhile the settlements with goldman sachs, morgan stanley could be finalized late they are month. it is very interesting. we'll be watching loretta lynch, u.s. attorney general taking torch from eric holder who reaped some prior benefits. the timing, size of these potential fines, is what remains the wildcard. we'll watch names such as jpmorgan, citigroup, bank of america, morgan stanley and goldman sachs to name a few. >> that makes me thirsty. pepsi wants to stem the slide in soda sales with new strategy. >> okay, they do. pepsi is channel nelling two trendy markets. all natural everything and kraft beer. both of them booming a new line
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of soda is coming out. it is called stubborn soda. not sure what is with the name but that is the name. we hear it is made from cane sugar, natural ingredients. it will come in natural flavors, orange hibiscus will be one of them. served like from a fountain. they're channeling a different market here. pepsi needs to reverse a decade slide in soda sales. who drinks soda? we have water. we drink energy drinks and things all natural. sandra: kids growing up, they don't touch it. he have nieces and nephews, when you hand them soda they don't know what it is. >> fun facts from our own dr. samadi, says on instagram, americans consume nearly 130 pounds of added sugar every year in sugar and high fructose corn syrup. big soda. weight loss tip, watch the soda. sandra: easy way to add calories to your diet, right? all righty then. turning to sports the golden
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state warriors held off lebron james and the cleveland cavaliers in overtime victory in game one of the nba finals. stephen curry had 26 points and 8:00 assists. the final score was 108-100. kyrie irving limped to the locker room after aggravating his left knee in overtime. in the french open, serena williams stands one match away from winning 20th grand slam title. >> usa. usa. sandra: she continues to dominate. the flu made it hard to, sorry made it to beat lizinski in the semifinancials. she will take on saparova in the final. new york mets beat arizona diamond backs 6-2. matt harvey stop ad three--game losing streak.
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coming up we'll continue to watch all the breaking news coming out of the europe. it is affecting your money today. what is going to happen? will there be a deal or will there not be? the country's parliament obviously making any big decisions on their next debt payments. will they make the debt payments? >> we're watching this. the u.s. points the finger at china for a u.s. massive cyberattack on u.s. government workers. china saying, not so fast. investors watching the situation in greece waiting for a key government jobs report here at home after yesterday's big selloff for the dow. dow futures, s&p, nasdaq all closing at the lowest levels in nearly a month and no different this morning. we're in the red, folks. averages down across the board. ♪
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sandra: breaking news. the u.s. says china is behind a
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massive cyberattack that hit u.s. government workers. but china says, not so fast. greece's prime minister getting ready to brief an angry parliament after delaying a debt payment. european officials saying this is not a good sign. yesterday's june swoon on wall street. u.s. equity futures mixed in the overnight trading session. dow futures have turned positive after being down for most of the night. seems there is a lot of uncertainty heading into the jobs report and this greek debt decision today. both of those could potentially be a good market mover. i'm joined by sandra smith. i'm joined by lauren simonetti and nicole petallides. everybody working the phones. this is "fbn:am," the first look at what is moving in today's markets and first look at what is expected the day ahead. latest hack attack against federal workers. fbi is investigating a data breach that may have compromised personal information of at least
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four million government employees. senator susan collins, a member of the senate intelligence committee, says it was carried out by hackers believed to be based in china. chinese officials denied the accusations and called them irresponsible. the u.s. office of personnel management is offering credit monitoring and identity theft insurance to anyone affected by the attacks. the drama continues this friday morning as greece continues the debt talks. the country's prime minister is very active on twitter, tweeting a little bit, that the government will not accept extreme proposals. our people suffered enough he says during the past five years, hashtag greece. ashley webster live in the newsroom following latest developments. ashley. >> good morning, sandra. greece's economy minister says his country will do everything they can to stay in the eurozone but time, money and patience running out very quickly. deferring today's $339 million
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debt payment to the imf, pushing back all monly bills to the indof the month, greece is facing a massive hurdle. they will ol' a whopping $1.6 billion to creditors. oh, yes, plus another $1.6 billion in wages and pensions. greek prime minister alexis tsipras has to placate demands of creditors in europe while selling any deal to his party around the greek population as a whole. that could prove to be an impossible task. the main sticking point points to pension cuts, cuts in government workers, tax reform and more private sector investment. sandra, greece is the first ever developed country to miss a payment to the international monetary fund. sandra: making this so groundbreaking and so potentially market-moving. which is why we're watching it so closely. thank you, ashley. >> sure. sandra: nicole, you've been making phone calls on this. what are your sources revealing to you? >> i'm looking on the latest headlines.
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it says greece vows not to leave the euro after imf payment defiance. the votes taken within greece of the greek people they want to stay in the euro. but this deferral of payment is first country to defer payment to the imf in three decades. traders on wall street seem to stand pat. they will be watching foreign exchange. they will watch whether the euro dips and dollar gets very strong. that doesn't bode well for multinational companies. one person, i talked to a high level official thinks there will be some sort of a small deal in order to satisfy the current liquidity issues but the big picture deals, those will be later. sandra: all right. you mentioned currency market. we see u.s. dollar strength in the midst of all this. weak global currency environment. we're going to be watching currencies throughout the morning as well. checking markets around the globe, dow futures, by the way there is the currencies. euro stronger against the u.s. dollar. as you saw the rest of the global currencies are down
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against the green back. dow, s&p, nasdaq futures rule lower. it is back and forth, guys. wait and see for these markets. we have the big jobs report coming up a short time from now. we await anything over in europe, european market averages are to the downside quite significantly. the cac in france down more than a full percent. the dax now moving back to its lows, down a full percent. asian markets with weakness, hang seng, nikkei and singapore trading to the downside. the most closely watched economic report of the month, pretty much every month is that government jobs report. lauren simonetti has a preview what we're watching this morning. what are the numbers and expectations? >> less than three hours from now those futures, the market will change. we'll see a big reaction. we are expecting to find out how many jobs were added. 225,000 is the forecast for may. jobless rate expected to stay right there in april at 5.4%. we're approaching this level. we've been saying this, the level fed considers full
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employment in the country. you have to look underneath the hood of this report. labor force participation rate, percentage of americans who have jobs or who want them that is moving up. still very low, historically low, 62.8%. obviously wages, hourly workers made three cents more in april. $24.87 an hour. in the past year, their wages have barely budged when you adjust for inflation. we are looking at basically the same family income now, about $51,000 that we saw back in 1988. when you put it in that perspective, that is why some americans say we can't get anywhere. the middle class is shrinking. it is so difficult to get by. sandra: wow, great stuff, lauren. a quick update as we watch all details coming out of europe on the greek debt decision, the greek 10-year for those watching, the greek 10-year jumping 74 basis points, is 1.1%. huge moves.
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greek up 2.4%. big moves across the board. looking at major averages in europe, the ftse on pace for the worst week since 2015. we're watching it for you. make sure to stick around by the way for "mornings with maria" for special coverage of the may jobs report lauren just previewed. that is coming up in a short time from now. coming up there are a lot of studies right now that show women are better investors than men, not surprising. why are more women managing money? why is the field still dominated by men. we'll look at that with three woman. lebron james and stephen curry living up to the hype. we'll tell you who walked away with an overtime victory in case you missed it while you were sleeping last night. investors wait for the may jobs report still out from now. will it add fuel to yesterday's selloff. dow futures right now down a couple points. remember closing at their lowest
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level yesterday in nearly a month. will the selloff continue? ♪ my school reunion. i don't know. who wants to play in idaho? gotta get milwaukee up to speed. we win in flint, we take the lead. we'll close the deal if we just show...
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♪ sandra: looking at u.s. stocks index futures, looking something like this. mixed trading. we have moved to the downside. we've been in and out of positive territory, sometimes you see this happen when you're in that wait and see mode with a big government jobs report out a little bit from now, continued concernses and uncertainty what will happen with the debt situation over in greece. you have the wild west of treasury market. look at 10-year. we've been seeing a rise in the yield on 10-year. we're at 2.34% this morning. everybody continues to watch
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that. of course we also are watching treasury yields across the country. oil keeps moving down lower in the oil market. 57.67 a barrel. a new study that few women actually oversee professionally invested assets. nicole has the details on this a lot of people are talking about this. many women are buying homes and investing. why are so few women managing money? >> report by "morningstar" says only 9% of the mutual fund managers in the u.s. are women. 24% are mixed, composed of men and women, fewer than 2% of assets are totally overseen exclusively by women, leaving 74% of the assets managed by men, okay?
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just basically shows you the gender diversity is even harder to find. also in the u.k., where only 7% of the retail investment funds are managed or comanaged by women. let me tell you what the real deal is here. according to the findings, that there was no difference in the performance. in fact the best performance came from the mixed gender teams. but it turns out the bias is from the investors. that investors per to invest with men. so, they don't hire the women to run these assets because investors don't want it. >> i don't care who i give money to. i want a nice return. sandra: women are less emotional when it comes to money. they look more long term. men look more short term. pluses and minuses to everybody. coming up, guys, we hand it over to maria bartiromo. we'll have quick look at market as well. stay tuned. ♪ you are looking at two airplane fuel gauges.
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can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline, a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized.
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♪ maria: welcome book on this friday morning.
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quick look at u.s. stocks index futures, wait and see mode. the stock market is waiting on some direction from that big government jobs report out a couple hours from now. dow, s&p, nasdaq futures all trading to the downside after closing at nearly the lowest levels in a month. will it continue today? to maria bartiromo. we'll walk you up to the jobs report who has the newsmaker interview by the way with imf chief christine lagarde. maria, a big couple hours coming up for you. maria: sure is, sandra. see you in about an hour. good morning, everybody, i'm maria bartiromo. happy friday to you. it is friday, june 5th. coming up our own dagen mcdowell. barrons.com editor jock otter giving us a peek inside of "barron's" over the weekend. the jobs day. latest reading coming out at 8:30 a.m. eastern. economists expecting 225,000 jobs were added to the economy

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