10 Things You Need To Know Before The Opening Bell

oktoberfest, germany, ap 122109

Good morning. Here’s what you need to know:

  • Asian markets were mostly down in overnight trading, and European markets have also opened lower. The German DAX is notably down 1.75%. Follow these charts to see if we’re still melting down >
  • Germany’s lower house has approved the country’s participation in the Eurozone wide bailout of Greece, setting up a likely final yes vote by the country’s upper house today. €123 billion of the €440 billion in loans will be supplied by Germany. It is not just Greece, see the U.S. states with the risk of default >
  • After months of debate, the Senate has finally approved Sen. Dodd’s massive financial regulation overhaul. The bill now must move back to the House of Representatives, where it will be combined with certain provisions in the house bill.
  • The Democrats are also moving forward with a $190 billion jobs bill, meant to provide continuing support for the unemployed. The bill also includes a wide range of new fees, many targeting the oil and gas industry.
  • British Airways reported a fiscal year loss of $612 million, before its cash-flow hedges took effect and protected the company from losses. The company made profit of $262 million with those hedges. 
  • Secretary of State Hillary Clinton has called for a response from the international community to North Korea’s attack on South Korea. Clinton called proof that it was a North Korean attack “overwhelming and condemning.”
  • The telecom giant Vodafone is said to be considering selling its massive Egyptian division, valued at $4.3 billion. The current most likely buyer is Telecom Egypt.
  • Abbot Laboratories has made a move into emerging markets by buying the generic division of Indian pharmaceutical manufacturer Piramal. The move will cost the U.S. drug company $3.7 billion.
  • BP has suggested the “top kill” measure it is seeking to employ to stop the flow of oil in the Gulf of Mexico could be in place as early as Sunday. These measures would, if successful, put a stop to the flow of oil. Check out where the oil is headed next >
  • The UK’s new coalition government is set to launch a series of austerity measures raising taxes and cutting breaks on everything from travel to marriage. Capital gains tax might also double under these proposed scenarios.
  • Bonus: Lindsay Lohan’s father is being blamed by the actress for the theft of her passport. Lohan’s passport was stolen while she was at the Cannes Film Festival, and now she is subject to arrest upon returning to the U.S. for missing a court appearance.
  • Follow the markets all day with up to the minute coverage at The Money Game >


Get This Delivered Straight To Your Inbox
Signing up to get 10 Things You Need to Know Before the Opening Bell delivered to your inbox every morning is quick and easy.  Use the form below to enter your information then click the “Sign Up” button.

Email  CountryUnited StatesAfghanistanAland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua And BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State OfBosnia And HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (keeling) IslandsColombiaComorosCongoCongo, The Democratic Republic Of TheCook IslandsCosta RicaCote D’ivoireCroatiaCubaCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-bissauGuyanaHaitiHeard Island And Mcdonald IslandsHoly See (vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic OfIraqIrelandIsle Of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People’s Republic OfKorea, Republic OfKuwaitKyrgyzstanLao People’s Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedoniaMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States OfMoldova, Republic OfMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNetherlands AntillesNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthelemySaint HelenaSaint Kitts And NevisSaint LuciaSaint MartinSaint Pierre And MiquelonSaint Vincent And The GrenadinesSamoaSan MarinoSao Tome And PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia And South Sandwich IslandsSpainSri LankaSudanSurinameSvalbard And Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwan, Province Of ChinaTajikistanTanzania, United Republic OfThailandTimor-lesteTogoTokelauTongaTrinidad And TobagoTunisiaTurkeyTurkmenistanTurks And Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic OfViet NamVirgin Islands, BritishVirgin Islands, U.s.Wallis And FutunaWestern SaharaYemenZambiaZimbabwe  Zip Code Privacy Policy

Please Note: Business Insider will never share your information with any other companies. You also have the ability to unsubscribe from these newsletters at any time simply by following the unsubscribe link located at the bottom of each email


Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.