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In six major events, including a venture capital summit, a polo match, and a red carpet event with hollywood superstars. gina jim, nbc news, culliver city, california. now here s your first look at how wall street will kick off the day. the dow opens at 12657 after losing 62 points on friday. the s&p dipped 9 points. the nasdaq was down 12. taking a look at overseas trading this morning, in tokyo, the nikkei fell 68 points while in hong kong, the hang seng dropped 379. after friday s stunning and disappointing job numbers, this week wall street will nervously focus on second quarter earnings. aluminum company alocoa starts off the earning season after the bell today. analysts have steadily been lowering estimates as traders already jittery about the economy are even more so about friday s awful june jobs report. earnings by s&p 500 companies are expected to have increased ....
the debt ceiling dead look. as the clock ticks down on the nation s credit limit, president obama and the congressional leaders will head back to the bargaining table after a special sunday night meeting at the white house failed to bridge the gap over how to fix the nation s broken budget. kristin dahlgren joins us from washington with more on this. good morning. reporter: good morning. the meeting was short and described by at least one person as a bit tense. racing the clock to find a deal to avoid debt default, they met for less than an hour and a half. the attire was casual but talks were called testy. the two sides still far apart on taxes and spending cuts. the president is pushing for $4 trillion in deficit reductions over the next decade. open to cuts and social security and medicare in exchange for closing tax loopholes. but republicans favor a smaller plan, in the range of $2.5 trillion, keeping tax hikes off the table. to get a big package would require ....