Were off to the races now. Heres whats happening before the bell. Quarterly results from jp morgan and wells fargo. The economy also front and center and topping todays calendar Weekly Mortgage applications. Import and export prices. Business inventory and the feds beige book plus we have a little bit of focus overseas on the ecb. Top European Court giving a green light to a Bond Buying Program and thats heading out to speculation that well see more stimulus out of the euro zone when they meet next week. Take a look at futures at this house. The dow not so great. Dow looks like it would open down about 57 points down. Nasdaq would open down about 11 points down and the s p 500 would open down off about 6 points. Check out what could be the chart of the morning. Something we dont mention that frequently perhaps. Maybe we should mention more copper because it is a weather for Global Economic activity. Prices plunging to the lower level in half a decade. Prices down as much as 8 at one po
Account information stolen during the target Security Breach is now being divvied off and sold regionally. Two mexican citizens were arrested at the u. S. Border in connection with 96 credit cards. Federal Officials Say there is no connection between those arrests and the retailers credit card data theft. Lenovo has reportedly in talk toes buy ibms server unit. And an experimental roach schizophrenia drug misses two gomes in late stage trials. Its kind of hard to read serious stories as the Peoples Court theme is playing here. You have to keep your game face on. It was a test of your professionalism. Its the equivalent of playing the super bowl in 20 below or Something Like that. You really did well with that, i think. Thats why im here. Ive got to ask you, theyre beating on the revenues, but missing on the profits . I dont remember ever seeing that. Usually its the reverse, right. The top line has been weak, the bottom line has been weak. They do every to offset to the to the bien lin
on his bus tour. garrett haake, thank you so much, my friend. you bet. joined by ben wyche. thank you for being here today. thank you. let s jump off what was said by garrett. what s your thought as he sits down and has that heart to heart on perhaps who will be his running partner? are we expecting some sort of decision soon? i doubt it. you don t want to give the big pop before the convention. it will be closer than that. he ll go rob portman or tim pawlen pawlenty. he doesn t want to make a mistake there. he ll go with a safe, well-known name. tim pawlenty is high on the list. everybody likes him. they don t want a sarah palin, anybody who s going to freak anybody out. maybe bobby jindal. there s also marco rubio. david, to you on this, it s been said you can t win this election
president obama will speak at that event. secretary of homeland security, janet napolitano will be a part of that event. a big day here. it s the first time they re going to hold a naturalization ceremony at the white house on independence day. this is the third naturalization ceremony, we should say. it starts off there, then this evening, richard, a big party on the south lawn to celebrate the fourth of july. president obama will be speaking at an event, a barbecue. they have invited 1,700 members of the military, their family, as well as staff members here at the white house, their family member. it s going to be a lot of fun. folks bring their kids, they enjoy a barbecue, brad paisley will be playing here and it all culminates with fireworks. busy day. july fourth, different at the white house that the july fourth you and i might have with the president. a little bit different. slightly different. the president then tomorrow hitting the road. yes. it s going to be
the auto bailout and investing in clean energy and those sorts of things. you can expect pawlenty and jindal to talk about the fact that the unemployment rate ticked up last month. remember, richard, this bus trip falls on the same day that we re going to be getting the june jobs report. right. all eyes are on that report. you can talk to any analyst and they say the main issue of this election is still the economy. of course, we spent a lot of time talking about the supreme court cases last week. it s still the economy that analysts believe will determine the outcome of this race. by the way, president obama won ohio and pennsylvania back in 2008 and those states now still very much in play. richard? right there in the rust belt as the labor report does come out. we ll see what sort of reaction happens on friday. kristen welker at the white house, thank you so much. thanks, richard. talk to you later. mitt romney is off the campaign trail but not on vacation from