this demonstrates how little impact the news from moody's had on the markets. a scratch might have been announced to germany's image as a borrower. still, germany remains a class a bar or -- borrower. investors rather want to wait and see instead of deciding for their direction. >> because of that approach, all you can see is red on the stock market boards at the moment. the dax falling down by 0.75%. euro stoxx -- just under 0.5%, rather. over to new york, where the dow at the moment is down just about the 12,500 mark. the euro down even further, $ 1.2058. not looking good. >> a lot of other action with the ratings agency today. spain's second-largest region said it would ask madrid to help its service to its regional debts. its debts are 42 billion euros, the most of any spanish region. marking anxiety about the d yields on spanish bonds to over 7.5% this week. analysts say spain cannot afford to pay yields that high in the long term and may have to ask its european partners for a sovereign bailout on top of the bank bailout. >> the greek prime minister has p

you have to cope with it and just go through with this moodies order and work. mean, there are plenty of people with moodies orders, but they're not out for a month. >> cenk: i don't know everybody who has a moodies orders. >> cenk: we still don't know what it is, lee you're the tiebreaker. should he come forward and say this is exactly what is wrong with me. that's why you need to give me space. i hope you have understanding. if you don't i get it. >> throw a tweet out there. just a tweet and we'll let you be. >> cenk: apparently our decision is give us a tweet. okay, but as we're deciding this apparently the jackson camp has decided at least the congressman jackson camp to say that it's a moodies order. there's your tweet. >> true breaking news is that the ap confirmed something that fox news said. >> cenk: right? that's two miracles in one story. now next story is a little bit lighter, to say the least. it's about big mac. they decided for some reason to reveal the secret sauce which they have never revealed before. what is more shocking, it is not thousand a

moody's has downgraded by two notches. moody's new rating puts italy just two levels above junk status. the agency warned a further downgrade could take place if there's difficulties implementing reform. now, italy will attempt to auction up to 6 billion euros of government debt today. results due in roughly an hour's time. jeff, let's come to you on italy. we did have in yesterday's shorter-term debt auction sharply lower average yield than we had last time around. we should have, i guess, taken it as a positive. then we get this move today to cut the rating. what do you think the fundamentals of the italian economy look like right now? >> well, i think the fundamentals of the italian economy are probably in better shape than those of spain. it's much less reliance on overseas borrowers to fund its government's debt. it doesn't have its factors in primary surplus. it doesn't have the large budget deficit either. and in particular, as you've just touched on, it's the sho short-term government yields in conjunction with the

first up, moody's chang

moody's revising lower their outlook for germany. mary? >> that's right. included in that the netherlands and luxembourg. and here is the reason why. moody's said the rising uncertainty about the outcome of the european debt crisis and increase in event risk led to an increased possibility that greece will lead the euro is one reason it is lowering its outlook for these countries. in addition, they think any kind of knock on effect of the weaker economies will result in the aaa rated sovereigns taking on a greater burden dealing with the european debt crisis. that happening in the afterhours. there is a move in the euro and we will see how that impacts trading tomorrow. >> we will show you the picture of the s&p 500 futures slightly lower. the sell-off originated in europe. it might not be bad but it can't be good. >> i don't think it should be a great surprise. >> it doesn't order that well for tomorrow's session. maybe it does. when we're looking at the s&p, the financials let us out. i don't bow at the alter of j.p. morgan. the stock closed up 1.6%. a n

term -- meanwhile, ratings agenciy moody's.t warned that top states could lose their credit ratings. >> the meetings reidy -- the moody's rating is justified. the question is why they are blind towards the americans and british because the problems there are not smaller than in europe. >> the downgrade of the rescue fund did not surprise the markets. traders said they had expected the move. >> let's cross over to our political correspondent for some analysis on this. doom and gloom on all sides. tell us more about economists and what they are really saying. >> the report was commissioned by an american think tank, financed largely by the very controversial hedge fund manager george soros, it is hardly surprising that the report is critical of the new crisis management. the most surprising thing is the extent to which it agrees with angela merkel. for example, in opposing the introduction of eurobonds and also in warning against the european union becoming a transfer union. >> what is the german government's expected response? >

weak corporate earnings here in japan, moody's lowering its outlook in europe. how are tokyo stocks responding to all this? >> a good morning to you, and really as if the markets really needed any further bad news. as you mentioned there, moody's lowering its outlook for germany, luxembourg, and the netherlands. of course, it has been playing into the markets. overseas will cam to how its opening here in tokyo in a second. of course, the euro also having a negative -- for the meek neek and topix here, and a micked picture. the meek neek flat at 8,50le, and the topix up marginally at 721 right now. the benchmark nikkei actually ended lower yesterday for second day in a row on triple digit losses, in fact, and really weighed down by concerns over corporate earnings in the u.s. as well as upcoming earnings here in japan. this week from the likes of nissan. also, later today nidek, a major supplier of specialized precision motors from optical disk drives to disk drivers, and also some of the major clients include ibm. they'll have earnings later today for the period

ok let's go back to business news room now and marine is that i was moody moody's and now spend marina thanks you well first of all for those out there listen to the beginning of the program we are of course talking about moody's investor services and how it downgraded we're talking about the economic look for seventeen german banks and this is not the first time it's done that but for more on this we can cross to brussels and our correspondent tess arsole there are all of these cells about that's as far away. things are much merino wool here and europe really when there is bad news the question is not if there is bad news but how bad it really is moody's has downgraded seventeen german banks and this is just a week after the country's a credit rating was down downgraded from stable outlook to a negative outlook there so it it was a very surprising that this on the banks had followed mainly because many of those banks that have been downgraded hold government back to debts and therefore if the country's credit rating is not stable it just goes to show and follow that the banks themselv

europe has been delivered a new blow as moody's investors service announced fresh downgrades that's the cost our business desk for the day to. sobering it was the target this time. was germany once again only this time it was in some of the regions which is what we heard about earlier on in the week as the sun was seventeen banks of course all this comes after moody's also called the acted like outlook for the euro zone's rescue fund making the whole situation even worse of course we all know that investors are really worried about what's happening with that crisis and the things that don't help but i'll tell you why were these the order of business in fifteen minutes. a sinister discovery in central russia has shocked the entire nation that's after barrels full of human fetuses were found dumped in a forest investigators and poring over the evidence for clues they fetuses over five months old and may have been used for illegal medical research find the images and sean thomas' reports disturbing. a picturesque meadow in russia's urals first seemingly serene but an unfortunate encounter

first of all i'd like to focus on the downgrades in germany what is moody's up to there germany appears to be in tampa bay really the safe haven of the euro zone why would its rating be targeted here. i would essentially be anyway that the eurozone easy going to be kept together is a much greater level of fiscal integration between the countries well that essentially means is that there needs to be an equalization of interest rates across the region whereby values that are really struggling with very high borrowing costs the like solve spain portugal ireland greece. come down to much more manageable levels and the butt of that is going to be taken by the germans who have some of the lowest borrowing costs. and then both of course will have to rice up to a more equilibrium all. of the euros and that's the only way you're going to stay together but one of the reasons cited also by moody's now yourself is of course the uncertainty in spain just one of the list of countries you listed really but how much worse if we focus on spain could matters get there or rather how much worse will they b

moody's latest move underscores the difficulty in detaining europe's debt worries. here is the latest market figures. >>> united nation officials are trying to get political leaders to protect something we can't live without. studies suggest two thirds of the world's population could be living under water stressed conditions by 2025. using water sustain built means keeping it clean. engineers at japanese company today come up with a new kind of filter to further that goal. it is a product they believe could be a hit with heavy industry and households. >> water is essential to this industry. drilling for shale gas. estimated reserves on this natural resource are big enough to challenge the global energy balance. in getting shale gas from the ground, drillers sink wells up to 3,000 meters deep. then they inject tons of water to create fractures from which the gas is released. the process also produces massive amounts of polluted water containing chemicals. the water is treated using polly edge lane filters and then disguarded. the filters guess dirty and must also be

interest rates fell sharply despite the downgrade by moody's, but the problems remain. the economy is mired in a worsening recession, and unemployment is on the rise. the eu commission nonetheless criticized moody's decision, saying there was no basis for it. >> we consider italy's policy action to ensure sound public finances and address longstanding structural weaknesses has been both determined and wide ranging. >> earlier this week, prime minister mario monti did not rule out tapping into the eurozone's new rescue fund. italy's position remains precarious. the country still has to raise another 180 billion euros before the end of 2012. >> that successful bond auction gave a boost to shares at the end of the week. let's look at the closing numbers kicking off in frankfurt with the dax managed to pack on more than two full percent. across the atlantic, on wall street, the dow at this hour trading up by a clear 1.5%. even the euro is gaining strength, trading at a value of $1.2244. america's biggest bank, jpmorgan chase, has now admitted that losses from a derivatives

and in the business bulletin moody's delivers a fresh blow to investor confidence as its law says the ratings of thirteen italian banks just days after a cut the italian government bond rating join me for all the details in about fifteen or. so resistant saluja rates of. the rates of leukemia for example the surgery that. breast cancer has more than ten times told cancers fourteen times i forget the exact details but the shoots numbers there's not nothing that you have ever found in any epidemiological study anywhere ever there is a way that brings victory. to its creator. he's not alone some are more severe than others we have something that is born without skulls without or the least and sometimes with their legs totally to mr means death to those who it's pointed out. to those who use this window. and they're celebrating and they don't realize stand looking at their own future cancer. this is just. so science. i have. leakage and i show you to the extent how much i have leakers. wealthy british style. markets why not. find out what's really happening to the global economy with my s

. >> moody's downgraded barclay's credit rating to negative.

don't get all moody on me. it'll be trips down the retail park next. i ain't into that. - i thought we were serious. - we are. zoe, i think you're great, but... the whole domestic scene just doesn't rattle my cage. i'm gonna skip the coffee. feeling sorry for yourself? ( humming ) oh... you're gonna use that china? yeah, it's lovely. nothing wrong with it. no, it's just... mom usually uses the other one. - don't matter, does it? - no, course not. aye-aye. you know what, derek? - ali g ain't funny no more. - ha-ha! kids at the youth club want to start a basketball team again. stupidly, i said i'd help. and they sent all this lot round. dennis watts is out there looking ever so sheepish. - i ain't surprised. - cup of tea? ooh, lovely... oh, you're using that china? - i'll change it, eh? - no no. it's all right. just be careful with it. paul, paul, paul, do you have to? - i want this place to smell nice for the social worker. - sorry, dad. have you thought about what you're going to say to mr. warwick? i dunno. the truth, i suppose. i'm looking forward to

moody's downgraded the outlook on seventeen german banks just a week after it made a similar move on the conference credit rating certainly confidence in the euro area go even further down more details coming up in the business update. a look now at some other stories making headlines around the world the interest in gun purchases has risen in the u.s. and especially in the state of colorado where firearms license requests grew by forty percent probably in the cinema shooting in the state many americans want to be able to protect themselves and not have to trust the police to ensure their safety the colorado massacre left twelve dead and fifty eight wounded the accused james holmes is due to hear the charges against him at a court hearing on monday. organizers of the london olympics have been left red faced after they mistakenly displayed the south korean flag instead of the north korean one it happened at the beginning of the women's football match against colombia the north korean team left the pitch for an hour in protest before an apology was issued it's the latest embarrassment

in corporate news, moody's changed barclays rating from negative to stable.t one day after the former barclays boss bob diamond apologized to british lawmakers during more than three hours of testimony. if you missed what happened, here's a reminder. >> when i read the e-mails from those traders, i got physically ill. it's reprehensible behavior. >> appearing calm under pressure at a uk parliamentary hearing, former barclays ceo bob diamond condemned the behavior of a group of traders who manipulated libor lending rates. pushed by mps as to whether officials at the bank of england or within the government knew what barclays was doing, as suggested ahead of td ofearing by this memo released by the bank, mr. diamond seemingly backed down. >> i think what's interesting is my reaction to that note was appreciation of paul tucker in doing his job. what he was trying to tell me is, bob, there are ministers in whitehall who are hearing that barclays is always high. that could lead to the impression that you are not funding yourself. >> in other words, diamond feared

and fears that the euro zone does contagion is reaching its economic powerhouse germany after moody's learned its outlook to negative but top rated members of the monetary union. hello and welcome to all see twenty four hour news line for moscow my name is tom main story now a string of coordinated bomb attacks in iraq have hate more than a dozen cities and killed over one hundred people the worst violence in the country since the u.s. troop withdrawal the blasts were mainly targeting security forces and government officials and shy of neighborhoods that france's occurred only days after al-qaeda announced a major comeback in iraq she's been there she can now looks at what this means for the country and the whole region. the self appointed leader of the iraqi branch of al qaida abu barker all baghdadi has announced the resurgence of terror in the country and clearly indicated there is more to come moreover he dedicated more than half of his online speech to the uprising in syria they happen to be staunch supporters of the rebels they are various organizations are pointing at the expan

moody's downgraded chiitown's bond rating earliee this month. n washington, peter barnes, fox business the money trouble here in maryland was part of town hall meeting in our studios tonight. a panel of experts as we took a closer look at taxes in the state. and it was steaming live on our website but if you missed it you can &pwatch it in its entirety at fox baltimore dot com slash town hall. 3 3 an evening of food and fun for a good cause tonighh ii north baltimoree baltimore.i had the honor of emceeeng the crabaret at the baltimore museem of art.about a thousand guests enjoyed delicious crab dishes and raised money for the house of ruth...the non profit group that supports victims of domestic violence. 3 outrage over the clothes the plympics. the reason they aren't ammrican made. pnd pampered ccws. whaa's different at this dairy farm. changes are rolling out on facebook this week... in an effort to fight cyber-bullying. bullyinggthe social network says it is addiig tools to help victims of harassment and bullying more easily report the problemssalso changing... is how to file compla

seemingly overnight no of course not we didn't see any punishment of the ratings agencies such as moody's and fitch and s. and p. for their malfeasance leading up to the two thousand and eight collapse we haven't seen any bankers put into jail we haven't even really seen any deep investigation of many of these crimes on wall street so in answer to the question i wouldn't expect much of anything but every nobody died as a result of those crimes but surely h.s.b.c. effectively financing terror and drug cartels is responsible for innocent deaths i mean should they not be actually facing criminal charges here. oh they of course should be facing the charges but again i mean did we see any charges brought up against walkover the when it was made obvious in two thousand and ten that they were complicit in something like almost half a trillion dollars of laundering of drug cartel money they were simply bought up by wells fargo and and put into the wall street machine so once again this thing will be swept under the rug unless you have some kind of an uprising demanding punishment for the criminal

moody says she expect her clients to strategize.ct imposes a penalty on companies of 50 or more-- if they don't provide health insurance.2-thousand dollars for each employee. employee."if it's cheaper for me to pay a penalty, that may not be a bad idea." idea."moody says she doesn't see anything in the law to keep premiums down. down."the government wants employees to maintain to continue offering group health insurance. but if we don't get a handle around premiums i don't see how employers will continue to do that." that."right now harvest management pays 100 percent of their employees insurance.but with rising health care costs...and new requirements...kendall isn't sure she'll be able to hire more people. people."we just have to see how it unfolds." unfolds."harvest management won't be the only company to wait and see.in columbus, dana jay, abc 6 news. see... all... stories... about ...health care reeorm... at... fox- baltimore dot com../.and ... click on... health care reform... in... the... "hot topics" section... at... the top

it's moody's. we are seeing some impact when it comes to the german boons today which are seeing a slight decline. >> well, i have the negative yield. >> my favorite strategist in the world, from jp morgan, puts out a note talking about the size of spain. and every time you read about the size of spain it takes your breath away. this is a country that is so much -- that so cannot fail. it just cannot fail. >> people want to say portugal, greece, and spain. it's silly. you're talking about a $2 trillion economy. you're not talking about greece with 9 million people. this is a real economy and by the way the inversion of the yield curve there or at least the fact that people want to be paid more for five years than for ten is not a good sign. it is clearly a reflection of people's concern about default. there is no doubt about it. >> just reading the moody's note, they sort of crystalize some feelings i think we all have about europe. they mention what they call a continue united and reactive policy

that's the verdict from one of the world's biggest credit rating, moody's which have downgraded thoseurozone countries. it has been built as stable. why has this happened and what does it mean? let's join our correspondent steve evans who is in berlin. what is the reaction to this downgrading, if i can call it that, in germany? >> some countries whose finances might fail use getting pick up debt in the end. are we pouring a money into a barrel without a bottom? and moody's looked to the sums and reckoned as the dangers of the default in spain and greece, so does the vulnerability of the german taxpayer and that's what happened. i've been out on the streets talking to people this morning and they say they are worried but not surprised. if you then say do you think then that no more money should flow from german taxpayers towards the mediterranean country even if it meant the end of the euro? they start to equivocate. there is a nuance to german opinion but you can't doubt that they are worried about the consequences of where this thing might end. >> and germany is the powerhouse, one s

and fears of the eurozone debt contagion is reaching its economic powerhouse germany after moody's lowered its outlook to negative rated members of the monetary union. now are to talk to foreign policy analyst and author john her about the security issues that the u.s. and its nato allies are failing to resolve. they are pm leaders are trying to pull out of afghanistan and we'll see what the french president is trying to do how do you think that will affect the need to operations in afghanistan and maybe the alliance of nato in general well from the point of view of a military planner of course they're not going to be very happy about that they rely on these commitments made by nato partners on the other hand from my point of view it might accelerate the push for a diplomatic slash political solution to the situation in afghanistan we have been trying for the last decade to solve the problem of afghanistan militarily and it hasn't been solved and that's not to say that it's going to be easy to solve the problem diplomatically or politically or economically but we haven't really invested th

he's mark zandi, chief economist at moody's analytics. . labor market that gives you some hope? >> well susie, let me say that was a disappointing number. the reporter was right. if we stayed at tdk it will rise and that will be very uncomfortable. so we need to see better numbers. i think we will. i think american businesses are in good shape. they reduced the cost structures and profit margin are wide as ever been, as profitable as ever been. their balance sheets are very strong. they've reduced debt. so in my mind, it's not a question can american businesses invest, it's a matter of confidence. they're still very very nervous and that's the missing ingreed yuntsz, the manual imaryts that the other economists were talking about. >> susie: at the beginning of this year, businesses were hiring at a very rapid clip, 200,000 people plus a month but any more now. just worrying a lot of people. when do you see the hiring picking up and what's going to motivate and drive companies to do more hiring? >> you make a good point, and just to reinforce it, we were creating 250,000 jobs per

acknowledged the lobster's and compliance and promised to fix them now more trouble for europe's banks moody's has sloshed the credit ratings of thirteen italian banks just days after a cut the italian government bond rating the ratings agency says the financial problems in greece and spain have boosted the default risk for italy moody's has dropped seven banks by one notch and an additional six banks by two notches now let's check out the equity markets first we'll go straight to europe to see how the european bourses are reacting to all the negative news and as you can see there actually white upbeat not much is going on there in terms of negativity energy and banking stocks are pushing the footsie and the dax higher this hour it's worth mentioning that has these seas shares again and london this hour investors are basically positioning themselves for the day's main event the much anticipated speech by the fed reserve chairman ben bernanke he was addressing congress traders who pill hint that more stimuli are coming for the world's largest economy the united states now moving on let's see wh

that we suspected was of trouble but it might now join the ranks of spain and greece ratings agency moody's has slashed the credit ratings of thirteen italian banks just days after the cut to the italian government board reading the agency says all the problems in greece and spain have boosted the default risk for italy moody's has dropped seven banks by one notch and six other banks by two notches and more trouble for the euro zone banks europe's largest lender h.s.b.c. is accused of helping criminals terrorists and even. mexican drug dealers to launder their money the u.s. financial watchdog issued a three hundred plus page report on monday detailing the lack of control at the bank the bulk of the allegations are related to the banks a us subsidiary based in new york h.s.b.c. as management has acknowledged lapses of compliance and a promise to fix them and let's now check out the equity markets to see how european equities are reacting to all those in negative news and actually what we're seeing there is that the book see in london has slipped into the negative territory over the past cou

credit ratings agency moody's investment service downgraded italy's bond rating today.'s was concerned. so far the news has not evidented the world's stock market. right now the european stocks are up. asian stock markets ended up. u.s. futures are also up. >>> the power companies could pay a hefty fine in maryland because customers were in the dark for a week after the summer storm. state senators from montgomery county and prince george's county are asking them to fine pepco and baltimore gas and electric more than $100 million each. they stay the money can pay to train more workers to help restore power faster. >>> the same storm forced gaithersburg to reschedule their firework show for today at 5:00 this evening. it will feature live music and food, fireworks will start about 9:25 tonight. >> very cool. we have had such nice weather thor this sort of thing. hope it sticks around. >> always weather permitting. tom kierein is here to tell us if it will permit. >> many have plans to go to the beach or maybe tubing on the shenandoah, a lot of great things, summer activi

include odd todd neff too which is gaining this hour more than two percent after moody's has raised its outlook to b.b. plus and the t.v. bank is falling after its first quarter net slipped around eleven percent t.n. k.b.p.s. also shedding value more than a one percent this hour and now on to the oil oil is trading mixed with the brand to staying just above one hundred dollars a barrel and that's all we have time for in this edition of business i'll be back in about fifteen minutes but meanwhile catch a lot more of our stories that are t. dot com slash business all right thanks for that update and here in archie we're going to take a short break and i'll be back with the news had lots. did pull started here before going global and now it's cooling fires. choose your place take your stuff. the movement. makes your statement. spread the word. coupon through the money. for. the food. if you knew about someone from feinstein. whose friends don't. come. industry claims in the process is perfectly. safe to say season's quests that brings nothing but. the environment knows better and the indus

since it's really falling about one more if you so now it's really another flood of racing agencies moody's how slashed the credit rating of thirteen banks just days after cutting the italian government bond rating agency says that all the problems in greece and spain have boosted the default risk for moody's housetops seven banks by one notch and another six by two not just now talking about your largest bank h.s.b.c. is accused of helping criminals terrorists and even mexican drug dealers to move into them money and the u.s. fund to watch dog three hundred page report on monday these have been the lack of control at the bank the bulk of the allegations of late is the bank's u.s. subsidiary based in new york hey just b.c.'s management has acknowledged lapses in . compliance promises to fix all right moving i would check out those european markets and investors there awaiting the much anticipated testimony from the us federal reserve chairman ben i q later on in the day today they will host the bill heads of economics to mr right now with little mix if we check out the common currency then

after sanctions for sex abuse pennsylvania state university faces a credit rating downgrade from moody's investor services following sanctions and resulting from the child sex case involving former assistant football coach jerry sandusky the university has already been penalized by bondholders investors in the past week have been asking to be paid. made an additional five basis points to buy the tax exempt from the university the school's crisis will overshadow the debt until the entire financial impact is able to be quantified and we're not there yet says john donaldson director of fixed income at haverford trust so here you go until they all come clean at penn state until we know the full extent of the complicity of the mind set at penn state how much involvement was there until that is known the bondholders will not return and we see that across europe by the way because people understand that it is a mindset where we see from the library or to the hiding of the greek debt that their mindset is to hide all the bad stories all the bad information that the gruesomeness of the financial

more trouble for your above the moody's investors service put germany the netherlands luxembourg all negative credit watch out in class or so in already fragile situation plenty to talk about them in ten minutes time in a bit of an attempt. a staple of america's war broad unmanned drones might soon be used to spy on the country's own citizens by twenty fifteen the computer controlled jets will have access to aspace usually reserved for piloted planes a director probably a u.s. drone training company supporting their increased use says that if you have nothing to hide you have nothing to fear but trebek team and activist had the electronic frontier foundation says that argument no longer holds water. this is been used countless times in the past to justify a warrantless email surveillance or g.p.s. location on your phone cops getting it without a warrant and it's all actually just of kind of a false use of of an idea that we have about privacy and that you know i'm sure if we asked the head of this drone industry whether he would like a law enforcement drone following him around twent

pressure blow to the struggling euro zone moody's rating agency has lowered the al but for its most stable economies including germany the netherlands and lugs member also have negative forecasts with rising fears over the debt crisis cited as the reason behind the move and doubts already existing uncertainty around spain after its borrowing costs reached new euro era heights artie's peter all of reports from berlin. it's worth noting that this doesn't affect germany's aaa rating as it stands at the moment this is the outlook. it is being downgraded to negative however that does suggest that in the future we could see germany follow the likes of france and italy who have lost their triple a ratings moody's believe that a greek exit from the euro zone would affect germany so much also the fact that spain as it looks at the moment may need a full bailout that it isn't just the banking set sector that needs help that would also have a knock on effect to germany so that is really that contagion that we've been speaking about for so long those seem like it's going to see in to europe's largest

markets now completed its takeover of porsche drive involved in shares of five percent moody's warns it could downgrade barclays bank for its reach rigging disgrace the euro's low against the dollar of the fairly heavy losses yesterday the ruble is losing some of yesterday's gains here in moscow asian investors orange though ahead of the european central bank's meeting today when they could cut interest rates to record lows prices are mixed with brant back above one hundred dollars news that service industries across europe. is triggering demand concerns. the trading mix of this sell off the posting gains on wednesday comes on news company inflows to russia hit five billion dollars last month major movers moody's has raised to b.b. plus with a stable outlook but the banks falling off the first ball to slip. eleven percent and american journey takes on mobile has begun talks to sell its service stations to russia several firms are negotiating to boys german group already sold almost a third of its filling stations as it exits markets with fuel doubled its tooling closures luko is favo

european buy in for reconstruction and development was the single currency virus is spreading east moody's has cut its outlook on the e.u. bailout fund from stable to negative it comes days after germany was also caught by the credit for more fears it called so for the bailout spain is recovering some heavy losses from the past few days and the next euro zone casualty looks in even worse shape than previously thought so a person may now need more money and e.u. delegation is visiting the island to calculate its financial needs with officials saying it'll be at least thirteen billion euros the cypriot government also in negotiations with russia for a five billion euro it was that goes through brussels will put its hands in his pockets as well. be your discover a new generation of environmentally friendly company a pall of registrations presented tire prototypes made with natural rubber from russian dandelions the next it will be to test them on the street before moving into production the target is to create an alternative to robot monopoly europe today wall street opens next think it will

the moody's is downgraded seventeen german banks and this is just a week after the country's a credit rating was down downgraded from stable outlook to a negative outlook there so it it was a very surprising that this on the banks had followed mainly because many of those of those banks that have been downgraded hold government back to debts and therefore if the country's credit rating is not stable it just goes to show and followed that the banks themselves are not stable as well they've been struggling since two thousand and eight and also since the onset of the eurozone crisis now aside from these downgrades the outlook in german business is not very good across all sectors business confidence has gone down in june certainly not bad news for the country that's considered the main creditor in all of the euro zone nations of funding a lot of the bailouts of it gone into the other countries one of the main a destabilizing factor in the euro zone is actually spain its current situation very unstable and it has long passed that psychological threshold on the interest rate on its sponsor