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U.S. Morning Call: U.S. stock futures lose ground; bonds get boost on France, Greece elections

Monday, May 07, 2012 - 02:32

May 7 - U.S. stock index futures losing ground after elections in France and Greece and bonds getting a boost from the turmoil in Europe.

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Here's your morning off it is Monday US stock index futures losing ground after elections in France and Greece shake up Europe. Dow NASDAQ S&P 500 futures off about half of 1% -- the market slumped Friday after weaker than expected jobs report. Stocks down big in Greece and less so in France and Germany after voters rejected pro austerity governments. That too big pro bailout parties in -- failing to secure majority in parliament well in France voters turned socialist Francois online. To replace incumbent Sarkozy. Bonds getting -- this from the turmoil in Europe especially the longer dated maturities. The yield on the thirty year bond dropping closer 3% level which hasn't been reached in three months. Warren Buffett thinks the European debt woes are going to be very difficult to resolve. The oracle of Omaha making comments on CNBC this morning but he told Rhonda schaffler Reuters Insider this weekend that he is still. In the hunt for companies to buy in Europe and around the world. In fact he recently tried to make one of the biggest acquisitions and his career. He mentioned that the meaning that you attempted age when he billion dollar plus acquisition what industry it was I. Close but no cigar -- Acquisitions -- -- -- -- -- off without without talking about public. It was -- we felt comfortable with. Are you still actively looking to make a large. Are always -- morning. Shares of Buffett's Berkshire Hathaway B shares or roughly flat over the past year no trades in the premarket following the company's annual meeting. This weekend's. Based hitting the road today that the social networking giant beginning presentations to investors in the stock. Right here in New York. The company expected to hit Boston and Chicago before heading back to California. That ten point six billion dollar IPO could Begin trading on the NASDAQ under the ticker FBS units may eighteenth or a week from Friday. Web -- securities is are you pretty 44 dollar price target on the stock an implied it about 40% gain or IPO investors. Stocks to watch today -- Micron Technology the company as one of rights to negotiate exclusively with Japanese chipmaker al-Qaeda. Memory after offering more than 2.5 billion important and DISH Network just that would profit that beat expectations on revenue that slightly missed forecasts. That's your morning columnists Monday I'm Jen Rogers this is Reuters Insider.

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U.S. Morning Call: U.S. stock futures lose ground; bonds get boost on France, Greece elections

Monday, May 07, 2012 - 02:32