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U.S. Morning Call: 'Budgets' in the air & RIM resurrected

Friday, September 28, 2012 - 03:03

Sep 28 - Spain and France announce 2013 budgets and RIM rises from the ashes with narrower quarterly loss.

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Spain aims to shrink its deficit and they unwrapped new gift he had TG IF morning call for Friday. If Spain is looking for eight they surely that the ECB's criteria for. Ministry budgets slashed by almost 9% for 2013. Public sector wages frozen for a third year. And attacked a lot every winnings put in place for those lucky ones in Spain. Many see prime minister were -- new measures as a positive step in the direction of trimming your third biggest deficit. We kind of got a reasonable budget and I am it's just kind of laid out plans I think most people would accept that what they've committed to -- -- budget. Might meet what he would want it spent ever actually former house tornado packets I think that. Provided reassurance the market. And reassured they are at the Euro rising against the dollar recovering from a two week low. Spain not only -- country in the EU. France also unveiling their 2013 budget would be different approach sharp tax hikes on businesses and the rich. US stock futures not feeling the love however they're down just slightly. Some data out later this morning could have an impact on stocks. We'll get the final read on the Thomson Reuters University of Michigan consumer sentiment index for September. The number expected to clocking in just -- tap lower than last month with rising food and gasoline prices remaining concern. And report on personal income expected to show a slight drop in August highlighting sluggish job and wage growth. Some rumblings from the social media world this morning a new feature from FaceBook offered the option to send a real gift to your friends. When he posted message on their time line. Products include sunglasses Starbucks coffee and pastries from magnolia just a small step by FaceBook toward tapping into the e-commerce platform. -- group on doing its bit to this business a Reuters exclusive uncovers the daily deals website is reshuffling senior management models. To fix its European business. The shake up could result in the departure Groupon chief international business. After the stocks to watch wind up just under 2% premarket after surging close to 20% in after hours trading. A number of brokerages raising their price target on the Blackberry maker after it reported -- now than expected loss on Thursday. But analysts say risks remain with the company's future riding on the release of Blackberry ten. Also keep an -- and shares of apple today the iPhone 5 hits store shelves in 22 additional countries including Italy Spain Ireland and New Zealand. Walgreen expected to post a small decline in quarterly profit when it reports later today. The pharmacy and lost a number of customers after contract dispute with Express Scripts still trying to make up for it. That's your morning copper Friday follow us on Twitter at Reuters Insider for the latest headlines. And check -- -- Reuters ET channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is writers.

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U.S. Morning Call: 'Budgets' in the air & RIM resurrected

Friday, September 28, 2012 - 03:03