there was positive economic data. we saw fall and weekly jobless claims and a rise in retail sales for the u.s. here in japan the main factor which has pushed the nikkei below the level that broke above last week has been the stronger yen. having a look at that, currently at the lower 79 levels and around the upper 111 to lower 112 levels against the euro, so far during tokyo's stock trading hours. the nikkei is below 10,000 for three straight trading sessions and monday will be a public holiday hoar in japan. we will see the reaction on tuesday. for now, a bit of a mixed picture. the nikkei in the positive. >> see you again on tuesday. thanks a lot that was the tokyo stock exchange. we are one step away from seeing the world's largest alliance for trading stocks and other financial products. paradors of the new york stock exchange announced they obtained shareholder approval for a merger. they need clearance from the antitrust authorities in the u.s. and europe. they announced on thursday it gained backing of over 80

. >>> more positive economic data. oil prices rise, and impressive honesty in austria. your early morning business headlines are straight ahead. >>> a high paid hollywood actor risks life and limb in iceland on an adventure show. >>> coming up, disappointing news for tiger woods. derek jeter gets another step closer to 3,000 hits. the fans who voted now one big leaguer has to face the music. you're watching "early today." >>> good morning. welcome back to "early today." officials say a member of a terror group in somalia who was secretly interrogated for two months aboard a navy ship was brought to new york yesterday to face terrorism charges. in a case likely to reignite debate over the prosecution of terror suspects, the man said to have provided interrogateors with valuable information is accused of providing money and weapons to terrorist groups. >>> exxonmobil has been ordered to rebury the pipeline that spilled oil into the yellowstone river to better protect it from external damage. exxon and federal officials say oil has been spotted 25 miles downstream, althoug

earlier on the markets had been getting a boost on some positive economic data, including weekly joblesslaims. the labor department reported claims for unemployment benefits declined more than expected. they dropped below 400,000, a key level for the first time since early april. >>> big oil continued to make big money in the second quarter. exxonmobil reported a 41% jump in profits as gas prices hit three-year highs. results were still short of analysts' expectations. >>> shares of the texas giant ended up more than 2%. >>> on the flip side royal dutch shell had the help of higher fuel prices. the oil company nearly doubled its profit to $8.6 billion. speaking of oil, because of tropical storm don, gulf of mexico producers reduced oil and natural gas output and evacuated some platform workers, but analysts don't expect any prolonged production outages. >>> back on the street, we had several other companies beating expectations on thursday. they included starbucks, dupont, metlife, and colgate palmolive. >>> pet owners may have a way to keep their pups happy. we're not talking about dog

. >>> more positive economic data. oil prices rise, and impressive honesty in austria.our first look at the business headlines is straight ahead. >>> disappointing news for tiger woods and derrick jeeter is closer to 3,000 hits and now one big leaguer has to face the music after the fans voted. [ man ] they said i couldn't win a fight. but i did. they said i couldn't fight above my weight class. but i did. they said i couldn't get elected to congress. but i did. ♪ sometimes when we touch ha ha! millions of hits! [ male announcer ] flick, stack, and move between active apps seamlessly. only on the new hp touchpad with webos. with aveeno nourish plus moisturize. active naturals wheat formulas target and help repair damage in just 3 washes. for softer, stronger... ... hair with life. [ female announcer ] nourish plus. only from aveeno. >>> welcome back to "first look." i'm lynn berry. >>> officials say a member of a terror group in somalia who was secretly interrogated for two months aboard a navy ship was brought to new york yesterday to face terrorism charges. in a case

earlier on the markets had been getting a boost on some positive economic data, including weekly joblessthe labor department reported claims for unemployment benefits declined more than expected. they dropped below 400,000, a key level for the first time since early april. >>> big oil continued to make big money in the second quarter. exxonmobil reported a 41% jump in profits as gas prices hit three-year highs. results were still short of analysts' expectations. >>> shares of the texas giant ended off more than 2%. >>> on the flip side royal dutch shell had the help of higher fuel prices. the oil company nearly doubled its profit to $8.6 billion. speaking of oil, because of tropical storm don, gulf of mexico producers reduced oil and natural gas output and evacuated some platform workers, but analysts don't expect any prolonged production outages. >>> back on the street, we had several other companies beating expectations on thursday. they included starbucks, dupont, metlife, and colgate palmolive. >>> pet owners may have a way to keep their pups happy. we're not talking about dog bones

overnight, the index extended its gains on positive economic data and a temporary resolution of greece's debt problems. finishing at 12,414 points, up about 1.25%. and nasdaq closed at the 2,773 points that's up 33 points or about 1.2%. >>> now, analysts are saying that july could be a pretty good month for stocks and the nikkei average could hit the key 10,000 mark, but that depends on whether the gold economy shows more signs of a pickup and that greece will be able to get the necessary financial aid to avoid a default of its debt. >>> now, taking a quick look at currencies, the yen was stronger against the dollar at end of fiscal quarter. yen buying by companies is now trading in the 8 0 level. on the other handing the yep weakening against the your row, that is quoted the 116-yen rank t is the final trading day of the week, but we are still not over in terms of economic data there is going to be a lot of focus on the ism manufacturing data in the u.s., which will be out later today. that's all from here. back to you in the studio. >> thanks a lot, yonggi. that was yonggi kong from th

overshadowed the better than expected retail sales data coming out of germany and some other positive economic data that came out of the euro zone investors of course remain edgy about the u.s. debt ceiling impasse in the market of volumes overall are quite low and with most stocks down today. russia's biggest lenders burbank is one step closer to acquiring full spankings a national supervisory board of the european company has approved the sale of the bank's reached agreement earlier this month but no details were provided analysts estimate the takeover at around seven hundred million dollars would spare bank planning to finalize it by the years and the acquisition is aimed at helping the russian company expand its activity in the eastern end market. and russian car giant after boss has turned a profit for its french shareholder a no for the process time the comic amount is to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with effect fifty six million euros loss at the same time a year ago and the whole of the whole way no group reported a fift

better than expected to reach real sales data coming out of germany and some other positive economic data that came out of the euro zone investors of course are mean edgy about the u.s. debt ceiling impasse in the market overall are quite low with most stocks down today. russia's biggest lenders bear bank is one step closer to acquiring foldback international supervisory board of the european company has approved the sale the bank's wished agreement oh yeah the small but no details were provided analysts estimate the takeover at around seven hundred million dollars would spare bank planning to finalize it by the end of the year the acquisition is aimed at helping the russian company expand its activity in the east european market. or a major ross you have has boosted its second quarter net profit by ten percent year on year to two point eight billion dollars profits were held by high global cool prices are also limited by increasing taxes results with below analyst expectations . russian car giant after vos has turned a profit for its french shareholder raynal for the first time called ma

positive economic his week. kcbs >>> taking a live look at the big board this morning, stock futures were rising as investors got positive economic dataweek. kcbs moneywatch reporter jason brooks will have your moneywatch report coming up at 6:45. >>> good morning. i'm anne makovec. >> i'm frank mallicoat. time is 6:30. we had terrific weather for the holiday. >> yeah. it's going to get hot again, probably even hotter than yesterday. some of those temperatures 90s even some triple digits inland. but a sign of a cooldown in the works. much cooler weather is on the way. we'll talk about that in a moment. right now let's check traffic with elizabeth. >>> back-to-work commute beginning today including a little -- the bay bridge isn't too bad. the metering lights are on but it's backed up to the end of the lot. back to you. >> thank you. >>> breaking news we're following out of east oakland, a junkyard fire torched several cars this morning. firefighters are at 45th and international. right now they are investigating a two-alarm fire. police have just reaped streets in the area. there's a lot of smoke in this fire. you can see it off the f

the markets were boosted in earlier trades by positive earnings and economic data. so much the case today likely because the economic data we get out is the first look at second quarter gdp expected to be below 2%. we're no closer to a deal in washington with president obama's august 2 deadline, four days away. the postponement of speaker boehner's plan following two hours of debate and meeting with republican critics of the bill, the house and senate leadership will meet again this morning to plan the next moves. wall street will be watching. bankrupt book seller borders group is putting everything on the block including their own name. the company is preparing to auction off its intellectual property rights. up for sale the logo, the website, trademark, even customer records. i mean -- >> really? are they able to do that? sell records? >> that's a great question. i mean, some of the innocuous stuff no. credit card information or anything like that. but the loyalty program, if you have a brilliant idea for a name, maybe immigration reform related, i don't know. bor

considered by investors now it looks like the market is pricing in some positive for expectations of the earnings off economic data and. if nothing extraordinary bad happens we will go on. crawling across all markets. and maybe financial sector and also actually driving the market higher. and precious high tech research help is welcome it gets past presidents talk of us tenants sign joint tax benefits which i hope to splurge apartment they had all this caucus foundation outlines the tax privileges. who issued the start of. the most importantly the status of a skulker resident supplies tax benefits which in turn means a lower social rate tax as the rate of profit tax as there are certain privileges for export and import operations moreover the stages of a skulker resident gives the right to collaborate in the scope of their foundation which is supposed to support resident. somewhere just make america ok that's. more business news than last time stay with us. you're. twenty years ago in the largest country in the disappearance of. a. one hundred million. generator. where did it take the. morning news today violence

positive during today's trading session. deutsche bank is well-performing despitite the fact tt german banks contribute 2.3 billion heroes for a new greek rescue fund. that is according to investors. there is good economic data out from the united states that pushed the dax into positive territory. >> it is a solid and to an impressive week. the dax closed higher. euro stock 5050 gained 1%. the dow industrials gained 1.3%. the u.s. markets will reopen on tuesday after the july 4 holiday weekend. the former head of germany's's central bank is set to take over the helm of swititzerld's biggest bank. it will formally nominate the person next may. >> he is known as a man who is not afraid topeak his mind. he publicly clashed with chancellor merkel on her policies on how to deal with the debt crisis. when he was a member of the european central bank's governing council, he disagreed with colleagues who favored buying debt issued by greece and other problem countries. he has his own ideas about how a debtelief plan should work. >> t theseechanisms muste aimed at restoring the focus to direct responsibility. it must not display solidarity. this is something we simply have to do. >> the ideas did not sit well with t

economic growth data from china. european markets finished on a positive note helped by the gains on wall street and that's the spike another downgrade of arlen these rating agency over the sovereign debt it's very group was up five percent in london and that's after the luxury goods maker reported revenues rose thirty percent in the first quarter. and here in moscow the markets also closed in the black let's take a look at some individual movers on the my sax sperm bank and in the right the losses were limited by an earlier reports of one hundred eighty percent jump in first half net profits overall call it was up more than one and a half percent after the you left of course on posts hash imports from russia and coal miner at a spot sky rally their expectations of its takeover bid from v e b. p to be capped its all wraps up the day straight for us a yesterday was that was a tough day for for for russian market the global markets were selling off but as we started to intervene there was room. or that they are going to start buying italian bonds mostly b. yields on the. on its own bonus sort of following that help ma

economic growth data from china. european markets for national a positive note helped by the gains on wall street and that's this fight another downgrade of ireland by these rating agency over its sovereign debt that's burbery group was five percent in london and that's after the luxury goods maker reported revenues rose thirty percent in the first border and here in moscow the markets also closed in the black let's take a look at some individual movers on the my saxes burbank and in the red the losses were limited by an earlier report of one hundred eighty percent jump in first half net profits overall colley was up more than one and i have for science after the e.u. lifted corazon potage imports from russia and coal miner at a spot sky rallied on expectations of a takeover bid from p.v. . to the capital wraps up with a straight for us. yesterday was that was a tough day for for for russian market the global markets are selling off but as. the c.b. started intervene and there was a rumor that they were going to start buying and selling bonds mostly very yields. on intel and was sort of following that helped market pr

economic growth data from china. now european markets are closing on a positive note helped by wall street that's despite another downgrade of ireland by an agency over the sovereign debt burberry group was off five percent in a london and that's after the luxury goods maker reports of revenues froze thirty percent in the first quarter and here in moscow the markets have closed in the black let's take a look at some individual movers on the my sex burbank and it in the red the losses were limited by an earlier reports over one hundred eighty percent jump in first half net profits there you can see it now overall carly was up more than one and a half percent after the e.u. left of course on post sasha imports from russia and a coal miner at a spot sky rallied on expectations of a takeover bid from v e b. b t v capital wraps up with a straight for us yesterday was that was a tough day for for for russian market global markets were selling off but as the e.c.b. sturdy and serene there was rumors that there. inserted by italian ones both revealed zone. and one started falling that helped market a propos markets higher into th

no big economic data today but crossing the wire mcdonald's reports good earnings, also positive from the likes of ge as well. the dow rising 152 yesterday to 12,724 is where we closed, the nasdaq up to 2834. utilities are seeing a record demand as the heat wave sweeps across the midwest to the east coast. the power grid should handle it. they can usually handle 15% more than peak levels. more and more people turn to the ac to cope. but utility companies say they will actually benefit from the weekend when demand eases as businesses empty out. gm starts to sell a diesel of its chevy cruze. it would be the first diesel car since the 1980s. diesels get up to 40% better mileage than similar size gas engines. they are more expensive and diesel fuel prices 5% to 10% higher than regular unleaded. very happy friday to you. >> thanks for filling us up so to speak. 5:14 now. youtube is making a big announcement this morning but we know what it is. the bay area based company says it will stream live two of the summer's largest music festivals. there will be a second stream with a look back stag

economic data at impacting investor sentiment. already very nervous about faltering defaults in washington. the dow jones industrial average ending down 1.6%. the nasdaq lower by 2.7%. in currencies, the dollar is in positive ground. rallying due to a pullback in gold prices. as for oil, down as well. data shows more crude in stock. the two main parties are still no nearer a compromise. >> if you look at the two rival proposals to break the stalemate, they're not that dissimilar. republicans are proposing spending cuts of over $1 trillion in return for a short- term lifting of the debt ceiling. democrats proposing $2.20 trillion in cuts in return for longer term lifting of the debt ceiling which would not be issued until the next presidential election. the proposals are reasonably similar on paper. on -- in practice there is a huge amount of politics on this. what we expect on thursday is the house of representatives to vote first on this issue come on the proposal put forward by the republicans who control the house of representatives. they should get their proposal through the house but there has been some opposition to it from rank-and-file republicans. we remain to see whether the republican leadership

positive economic report in the midwest. >>> lots nuf economic figures coming out today focusing on manufacturing data. looking to that number to signal whether the economy has been shrinking or growing. >>> former federal reserve chairman alan greenspan made comments of the current administration. speaking on cnbc he said the stimulus plan didn't work and on greece greenspan says a default is likely and will affect the structure of profitability in the united states. >>> some state parks closing for the holiday weekend due to state budget cuts. higher fees and reduced hours at some parks, arizona, virginia, california, some of the states opting to make cuts to the programs. "american morning" right back after the break. sweetie i think you need a little extra fiber in your diet. carol. fiber makes me sad. oh common. and how can you talk to me about fiber while you are eating a candy bar? you enjoy that. i am. [ male announcer ] fiber beyond recognition. fiber one. a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experi