i'm becky meehan. >> i'm kelly evans. these are your headlines. >> bank of korea surprises with first rate cut in over three years. brazilian counter part lower its benchmark rate. >> bank of japan keeps its buying program and sends yields to a fresh low. >> persia launches a first fresh. axes 8,000 jobs. >> aegis is the gainer. it's a great deal for shareholders. >> this provides industrial shareholder base for aegis, great combination, first communications group born in the digital age. i think it's great news for our shareholders and very good news for other stakeholders. >>> thanks so much for joining the show. already, no time to settle in. let's bring an update. we have the iaea coming out with some comments saying that they see weaker economic growth suggesting a possible oil market ceiling. that could be some nasty supply surprises. look out for that. oil demand seen growing in 2013 but on an anemic economic recovery. the iaea says the fundamentals have eased in 2012, but opec output cut to 30 million barrels a da

. >> and i'm becky meehan. >> agius in the hot seat. he's about to give uk lawmakers his version of events surrounding the libor scandal. >> alcoa kicks off u.s. earnings season. >> eurozone finance ministers agree to meet spain's most urgent needs vowing to make 30 billion euros to its banks this month. >> chinese imports fall in june boosting beijing's trade surplus and raising concerns over domestic demand in the world's second largest economy. >>> all right. once again thanks for joining us on the program this morning. we're of course wait forge the feed of marcus agius testifying. we'll bring that as soon as we get it. i want to bring you up to speed how markets are doing before the u.s. open. first let's take a look at u.s. futures. here we got the dow jones in the green pointed higher by 39 points. s&p 500 by about four, the nasdaq by six or seven. becky, i'm reminded from a factoid last night monday has been a bad day for the market but tuesday has been a better one. we'll see if that pattern holds up. >> european markets? >> th