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Trading at Noon: U.S. markets selling off on European turmoil

Tuesday, May 08, 2012 - 03:52

May 8 - All three major stock indexes are down more than 1 percent as edgy investors eye further turmoil in Greece, and France and Germany disagree on remedies for a sovereign debt crisis.

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Okay. Talk about a delayed reaction to yesterday many expected a sell off following elections in Greece and France. That the rest of the eurozone back into full fledged uncertainty. Looks like we're getting it today US stocks right now down more than 1% across the board as edgy investors I further through turmoil in those countries. Not to mention disagreements with the Germany on the horizon over any solutions. To potential sovereign debt crisis drag any S&P down at this hour's consumer discretionary along with energy and curious to see right there they're all more than one and a half percent. -- investors are soaking up US treasury securities pushing prices skyward. The thirty year bond is up more than a point while ten year note yells at 33 month low. And the two year note yield. Also falling. Just an economic growth and a stronger dollar and pressed US Nat gas futures and crude oil prices. And Europe also in the gold market where prices -- to a one month ago. Well your rival more fitting forty celebrity that is CEO yesterday's road -- event in New York City. Basement CEO Mark Zuckerberg is a no show in Austin not far from Harvard dorm room where he -- the company eight years ago. Did you haven't -- that -- -- bringing other changes of the sales pitch as well. And I'm not faced a video presentation released last week in late yesterday. The company scrapping it today. Instead giving more time for questions as he allowed. Sheryl Sandberg and yet David beavers and not surprisingly some investors were disappointed to miss out on a Zuckerberg. Pretty exciting. Base that's still expected to raise up to ten point six billion -- -- piano. Are right -- earnings satellite TV provider DirecTV profit and revenue rose in the first quarter but the company added that. Few hours drivers in the United States and Wall Street expected. Yes that's right now the downside I've just about one point eight -- and companies are reported earnings before the bell also include -- cores International Flavors & Fragrances help Jeremy and Tenet health care. Dow component Walt -- scheduled to report its results after the market close right now we've got Disney shares just eight tenths of one person. Now for some stocks to watch let's go to borders correspondent Ryan let's telecast on the market. There's a -- what plunging today with the stock down about 40% on heavy volume after reported first quarter revenue that was below expectations. It also cut its full year profit view sending shares down in their biggest one day decline since 1995. Check -- -- mcdonalds they're not just about one point 7% after hamburger chain April's same store sales came in below expectations. Also shares of electronic arts they are off. Right now six point 2%. Late Monday that game maker forecast revenue below estimates prompting at least two brokerages cut price targets. And finally another Reuters exclusive on Chesapeake Energy CEO on -- Clinton. Turns out Chesapeake actually -- -- permission at one point to trade commodities for himself. In fact it was all laid out in his 2009 employment contract. This latest news follows weeks of writers revelations including. Clinton's one point one billion dollars in personal loans and -- hedge fund he partially owned and -- on the side. That he killed in the contract and its timing raised new questions about what the board knew about the clintons' personal investments. Especially since the company also banned him from taking an active role in any hedge -- months after his own fund shut down. Chastity the second largest natural gas producer in the US right now has its stock -- just about 2%. That's up trading and I'm Jen Rogers this is partners with.

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Trading at Noon: U.S. markets selling off on European turmoil

Tuesday, May 08, 2012 - 03:52