trying to figure out what is going to happen. what are the futures going to look like? a lower open. it hinges on the employment number that is will be out in an hour. we are expecting job creation. 75,000 jobs expected to come out for the month of july. if it s weaker than that, it could be problematic. yesterday on the heels of weakness in europe, this is also partly europe because of the european debt crisis going on and worries that s spiraling there. there are a number of issues people are looking at. it s not just the u.s. economy and the lack of job growth. probably will see weakness today. i was watching the coverage late yesterday, there were a lot of people with their hair on fire. your analysis, you seemed like you were saying this is one plus one equals two and explaining
stocks are set for a lower open. new jobless claims dropped by 44,000 coming in at 434,000. that is a sign layoffs are slowing. in the meantime, retail sales edged higher. there is still lingering nervousness in the market after yesterday s selloff. commodities like oil and copper and silver and gold are continuing to drop. oil prices have plunged nearly $18 since the start of last week. a 91-year-old ohio man is found guilty of nazi death camp killings during world war ii. the shocking thing about this is the sentence. he was sentenced to five years in prison. the prosecutor said for six
today. the major markets all look set for a lower open yet again. here are how the numbers stand. the s&p 500 down by 0.35% and the dow down by a quarter. turning now to what s happening in the weather picture in the u.s. and the rising mississippi river continues to take its toll on the land, not to mention the economy. these pictures show just some of the damage in the state of mississippi. and if the state of arkansas is any indication, the flooding will affect communities from the ohio valley to the gulf of mexico. in arkansas more than 400,000 hectares of crop land are now under water. that s expected to cost at least $500 million in damage to current, future and crop
jones industrial average and s&p 500 are poised for a lower open. they re talking about a weaker wall street consolidation expected on wall street. so there are a fair few things missing there if you read some reports. we were talking about the weakness in commodity prices. after a record-break run, it s gold and silver prices that are particularly heading south. we re looking at why sentiment has been called off so quickly, pauline. it s been a rocky week as investor investors are are starting to drop off. silver hit an all-time high on april 28th, up nearly 57% as you can see on this chart. now, silver buyers have included
united kingdom, though its banking group has slashed 22,000 jobs since it was created by the takeover during the height of the financial crisis. lloyds is 21% owned by the government. the latest round of cuts has been described as staggering. the u.s. markets look set for a lower open. this is how the premarket futures stands. it s a mixed picture. the nasdaq showing gains at the moment in terms of the futures markets. on friday, investors will be turning their attention to bank of america first quarter results. keep an eye out for that in our second edition of world business today later on. pauline? nina, we re keeping our eye out on google futures. they re down about 5.5% in premarket trade. that s because the search giant missed expectations on thursday when it announced its first quarter earnings. but make no mistake, because google is still making tons of