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U.S. Morning Call: All eyes on jobs report; Alcoa cuts back

Thursday, January 05, 2012 - 02:20

Jan. 6 - Thomson Reuters IFR Markets is looking for a rise of 140,000 jobs in December's report, and Alcoa announces plans to slash its global smelting capacity by 12 percent.

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Here's -- call for this Friday -- acting next week with little movement and the jobs report out in less than an hour. Thomson Reuters IFR markets looking for a rise a 140000. For December nonfarm payrolls 101000 below the consensus forecast. It's he's hiring gains in healthcare and business services helping to counter continued losses. In government jobs. -- does side with the consensus on unemployment rate with both seeing a slight rise eight point 7% as more people look for war. Alcoa says it will slash its global smelting capacity by 12%. Cost cutting move comes. As metal prices have experienced a steep drop. It will result in a restructuring charge in the fourth quarter that will push the aluminum producer into its first loss in nine quarters. The Dow component reports results Monday. A -- shares down about 2% premarket they have fallen about 40%. For the past year. You'd think a former head of the FBI would play nice with federal regulators at fattening up the case when it comes at a global. The Wall Street Journal says Louis freeh the former FBI keep wrapped presents and a global parent company. Has refused to turn over some documents of the commodities futures trading commission. Asserting attorney client privilege. The Paper says the dispute is complicating efforts to learn how the firm lost an estimated one point two billion dollars cost of funds. And could slow the investigation. I contacted by Reuters a spokesman for -- that is not this was unaware that its efforts to preserve attorney client privilege was hampering any investigations. No deal for Citigroup that day has reportedly failed to sell its one main consumer lending unit to private equity buyers. The Wall Street Journal says the volatility in the credit market due to the European debt crisis. Has prevented the sale Citigroup has been trying to shed the unit as part of its effort to become smaller farm after the financial crisis. And finally be anti tracking movement has a high profile supporter. Former Cuban President Fidel Castro 85 year old has written a column saying the world is on an actionable march toward the at this in part because of the exploitation of shale gas reserves Pastor -- that fracking process uses numerous chemical substances which are terribly. -- subject. That's a morning call this Friday and Jen -- this is partisans either.

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U.S. Morning Call: All eyes on jobs report; Alcoa cuts back

Thursday, January 05, 2012 - 02:20