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Detailed text transcripts for TV channel - MSNBC - 20110706:13:20:00

Caruso-cabrera. reporter: we ll know if the markets were worried if we saw a sharp rise in interest rates and in fact interests rates have not been going up they have been going down. markets have been far more concerned about a weaker economy and whether or not all the at that tima points have been negative. as for today it looks like we ll have a slightly weak open. call it flat trade. you won t see a lot of action or decisive moves until friday when we get the jobs report. that s the daddy of economic report. washington s report card so to speak and that drives the markets. the other news this morning is china raised interest rates again sleight and that s hurt oil a little bit and that s down so good news for gasoline prices. michele, thanks very much. up next not just republicans and democrats who can t agree on anything, try the billionaire nba owners and millionaire players are dead locked over a new collective bargaining ....

Interest Rates , Jobs Report , Report Card , Gasoline Prices , Billionaire Nba , Michele Caruso Cabrera , Collective Bargaining Agreement ,