{"id":581189,"date":"2010-05-27T07:32:00","date_gmt":"2010-05-27T11:32:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/10-things-may-27-2010-5"},"modified":"2010-05-27T07:32:00","modified_gmt":"2010-05-27T11:32:00","slug":"10-things-you-need-to-know-this-morning-bp-spy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/581189","title":{"rendered":"10 Things You Need To Know This Morning (BP, SPY)"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b4c8ec500000000003fe50c-250-187\/partying-lohan-ap.jpg\" border=\"0\" alt=\"partying lohan AP\" width=\"250\" height=\"187\" \/><\/p>\n<p>Good morning. Here&#8217;s what you need to know:<\/p>\n<ul>\n<li><strong>Asian exchanges were <a href=\"http:\/\/finance.yahoo.com\/intlindices?e=asia\">up in overnight trading<\/a>, and European indices have also started the day stronger, many making <a href=\"http:\/\/finance.yahoo.com\/intlindices?e=europe\">over 2% gains<\/a><\/strong>. U.S. futures are also showing signs of <a href=\"http:\/\/finviz.com\/futures.ashx\">big morning gains<\/a>.&nbsp;<\/li>\n<\/ul>\n<ul>\n<li><strong>Jobless claims and GDP numbers are released at 8:30 AM EST<\/strong>. <span style=\"color: #ff0000;\"><strong>UPDATE<\/strong><\/span>: GDP came in <a href=\"http:\/\/www.businessinsider.com\/us-gdp-first-quarter-2010-5\">weaker than expected at 3%<\/a> (vs. 3.3%) and initial jobless claims <a href=\"http:\/\/www.businessinsider.com\/jobless-claims-may-27-2010-5\">also came in worse than expected<\/a>.<\/li>\n<\/ul>\n<ul>\n<li><strong>Markets are surging this morning in response to <a href=\"http:\/\/www.businessinsider.com\/heres-why-the-markets-surging-china-denies-the-nonsensical-rumor-about-it-dumping-eurozone-bonds-2010-5\">China&#8217;s denial<\/a> of a rumor that suggested the country was reconsidering the size of its eurozone bond holdings<\/strong>. This is not the first time China has had to deny such rumors, as it did previously with its dollar holdings during the heights of the financial crisis. <a href=\"http:\/\/www.businessinsider.com\/brics-growth-potential-2010-5#-1\">Check out these charts that show why the BRICs will dominate the next decade &gt;<\/a><strong>&nbsp;<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>China looks unlikely to take sides in the Korean Peninsula Crisis and will avoid declaring the North the aggressor when <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aX1Mdr5ToqsA&amp;pos=9\">its premier visits South Korea tomorrow<\/a><\/strong>. China is concerned it might provoke the North, which it may not consider a rational actor in international affairs.<\/li>\n<\/ul>\n<ul>\n<li><strong>The success of BP&#8217;s &#8220;Top Kill&#8221; operation to stop the flow of oil from the Deepwater Horizon disaster is still <a href=\"http:\/\/www.businessinsider.com\/bp-may-have-stopped-the-leak-2010-5\">unknown<\/a><\/strong>. Right now, what appears to be leaving the pipe is mud, however, and that is a <a href=\"http:\/\/www.businessinsider.com\/hopefully-this-is-just-mud-2010-5\">somewhat positive sign<\/a>. <a href=\"http:\/\/www.businessinsider.com\/sickening-photos-of-oil-entering-the-marshes-2010-5#-1\">Check out the disaster of the oil making landfall here &gt;<\/a><\/li>\n<\/ul>\n<ul>\n<li><strong>Spain successfully passed austerity measures today that aim to cut the country&#8217;s deficit to <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704269204575270032983074558.html?mod=WSJ_latestheadlines\">6.5% of GDP by 2011<\/a><\/strong>. The bill only passed by one vote, which will put increasing pressure on Prime Minister Zapatero&#8217;s government. <a href=\"http:\/\/www.businessinsider.com\/spain-portugal-budget-us-debt-2010-5#cuts-of-5-on-every-public-sector-workers-salary-in-the-us-from-domestic-security-to-parks-and-recreation-1\">Check out how the Spanish austerity budget would look in the U.S. here &gt;<\/a><\/li>\n<\/ul>\n<ul>\n<li><strong>Spain is in the midst of aggressively reforming its banking system in a bid to stabilize its local banks burdened by real estate debt<\/strong>. The country is pushing for more bank mergers and legislating additional <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aL4rA5vW.3tA&amp;pos=4\">loan loss provisions of 30%<\/a> on any property held for 2-years or more. <a href=\"http:\/\/www.businessinsider.com\/guide-to-the-spanish-debt-crisis-2010-5#-1\">See how bad the Spanish debt crisis is here &gt;<\/a><\/li>\n<\/ul>\n<ul>\n<li><strong>The EU continues to stumble out of the gate in its efforts to reform its financial system, with <a href=\"http:\/\/www.cnbc.com\/id\/37373114\">France and the UK opposing<\/a> national funds to bailout troubled banks<\/strong>. The UK argued that the financial sector tax funded arrangement would create &#8220;<a href=\"http:\/\/www.cnbc.com\/id\/37373114\">moral hazard<\/a>.&#8221;<\/li>\n<\/ul>\n<ul>\n<li><strong>Democrats have reduced the size of their newest jobs bill in a bid to gain last minute support to <a href=\"http:\/\/www.politico.com\/news\/stories\/0510\/37846.html\">pass the package by Memorial Day<\/a><\/strong>. The bill is now worth around $140 billion, rather than the $190 billion it was meant to cost at the outset.<\/li>\n<\/ul>\n<ul>\n<li><strong>Kingston, Jamaica remains a war zone this morning with <a href=\"http:\/\/www.guardian.co.uk\/world\/2010\/may\/26\/kingston-jamaica-dudus-coke\">44 civilians now counted dead<\/a> in continuing street violence<\/strong>. The Jamaican authorities are continuing their hunt for the alleged drug kingpin Christopher &#8220;Dudus&#8221; Coke.<\/li>\n<\/ul>\n<ul>\n<li><strong>Bonus: Lindsey Lohan may have made attempts to <a href=\"http:\/\/www.usmagazine.com\/celebritynews\/news\/how-lindsay-lohan-has-tried-to-fool-her-booze-bracelet-2010265\">trick her court ordered alcohol consumption bracelet<\/a>, including using a paper clip and wearing extra perfume<\/strong>. Lohan has denied the charges.<\/li>\n<\/ul>\n<ul>\n<li><strong>Follow the markets all day with up to the minute coverage at <a href=\"http:\/\/www.businessinsider.com\/themoneygame\">The Money Game &gt;<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Get This Delivered Straight To Your Inbox<\/h2>\n<p>Signing up to get <strong>10 Things You Need to Know Before the Opening Bell<\/strong> delivered to your inbox every morning is quick and easy.&nbsp; Use the form below to enter your information then click the &#8220;Sign Up&#8221; button.<\/p>\n<form id=\"form_form\" action=\"http:\/\/feedproxy.google.com\/newsletter\" method=\"post\">\n<div class=\"checkboxes\"><a name=\"fa_newsletters\"><\/a><\/p>\n<div class=\"row f_newsletters checkboxgroup required\"><input checked=\"checked\" name=\"newsletters[]\" type=\"hidden\" value=\"10 Things Before the Opening Bell\" \/><\/div>\n<\/div>\n<div class=\"fields-newsletter\"><a name=\"fa_email\"><\/a><\/p>\n<div class=\"row f_email text required\"><label for=\"f_email\">Email<\/label><input id=\"f_email\" name=\"email\" size=\"30\" type=\"text\" \/><span class=\"msg\">&nbsp;<\/span><\/div>\n<p><a name=\"fa_country\"><\/a><\/p>\n<div class=\"row f_country select error required\"><label for=\"f_country\">Country<\/label><select id=\"f_country\" name=\"country\"><option value=\"US\">United States<\/option><option value=\"AF\">Afghanistan<\/option><option value=\"AX\">Aland Islands<\/option><option value=\"AL\">Albania<\/option><option value=\"DZ\">Algeria<\/option><option value=\"AS\">American Samoa<\/option><option value=\"AD\">Andorra<\/option><option value=\"AO\">Angola<\/option><option value=\"AI\">Anguilla<\/option><option value=\"AQ\">Antarctica<\/option><option value=\"AG\">Antigua And Barbuda<\/option><option value=\"AR\">Argentina<\/option><option value=\"AM\">Armenia<\/option><option value=\"AW\">Aruba<\/option><option value=\"AU\">Australia<\/option><option value=\"AT\">Austria<\/option><option value=\"AZ\">Azerbaijan<\/option><option value=\"BS\">Bahamas<\/option><option value=\"BH\">Bahrain<\/option><option value=\"BD\">Bangladesh<\/option><option value=\"BB\">Barbados<\/option><option value=\"BY\">Belarus<\/option><option value=\"BE\">Belgium<\/option><option value=\"BZ\">Belize<\/option><option value=\"BJ\">Benin<\/option><option value=\"BM\">Bermuda<\/option><option value=\"BT\">Bhutan<\/option><option value=\"BO\">Bolivia, Plurinational State Of<\/option><option value=\"BA\">Bosnia And Herzegovina<\/option><option value=\"BW\">Botswana<\/option><option value=\"BV\">Bouvet Island<\/option><option value=\"BR\">Brazil<\/option><option value=\"IO\">British Indian Ocean Territory<\/option><option value=\"BN\">Brunei Darussalam<\/option><option value=\"BG\">Bulgaria<\/option><option value=\"BF\">Burkina Faso<\/option><option value=\"BI\">Burundi<\/option><option value=\"KH\">Cambodia<\/option><option value=\"CM\">Cameroon<\/option><option value=\"CA\">Canada<\/option><option value=\"CV\">Cape Verde<\/option><option value=\"KY\">Cayman Islands<\/option><option value=\"CF\">Central African Republic<\/option><option value=\"TD\">Chad<\/option><option value=\"CL\">Chile<\/option><option value=\"CN\">China<\/option><option value=\"CX\">Christmas Island<\/option><option value=\"CC\">Cocos (keeling) Islands<\/option><option value=\"CO\">Colombia<\/option><option value=\"KM\">Comoros<\/option><option value=\"CG\">Congo<\/option><option value=\"CD\">Congo, The Democratic Republic Of The<\/option><option value=\"CK\">Cook Islands<\/option><option value=\"CR\">Costa Rica<\/option><option value=\"CI\">Cote D&#8217;ivoire<\/option><option value=\"HR\">Croatia<\/option><option value=\"CU\">Cuba<\/option><option value=\"CY\">Cyprus<\/option><option value=\"CZ\">Czech Republic<\/option><option value=\"DK\">Denmark<\/option><option value=\"DJ\">Djibouti<\/option><option value=\"DM\">Dominica<\/option><option value=\"DO\">Dominican Republic<\/option><option value=\"EC\">Ecuador<\/option><option value=\"EG\">Egypt<\/option><option value=\"SV\">El Salvador<\/option><option value=\"GQ\">Equatorial Guinea<\/option><option value=\"ER\">Eritrea<\/option><option value=\"EE\">Estonia<\/option><option value=\"ET\">Ethiopia<\/option><option value=\"FK\">Falkland Islands (malvinas)<\/option><option value=\"FO\">Faroe Islands<\/option><option value=\"FJ\">Fiji<\/option><option value=\"FI\">Finland<\/option><option value=\"FR\">France<\/option><option value=\"GF\">French Guiana<\/option><option value=\"PF\">French Polynesia<\/option><option value=\"TF\">French Southern Territories<\/option><option value=\"GA\">Gabon<\/option><option value=\"GM\">Gambia<\/option><option value=\"GE\">Georgia<\/option><option value=\"DE\">Germany<\/option><option value=\"GH\">Ghana<\/option><option value=\"GI\">Gibraltar<\/option><option value=\"GR\">Greece<\/option><option value=\"GL\">Greenland<\/option><option value=\"GD\">Grenada<\/option><option value=\"GP\">Guadeloupe<\/option><option value=\"GU\">Guam<\/option><option value=\"GT\">Guatemala<\/option><option value=\"GG\">Guernsey<\/option><option value=\"GN\">Guinea<\/option><option value=\"GW\">Guinea-bissau<\/option><option value=\"GY\">Guyana<\/option><option value=\"HT\">Haiti<\/option><option value=\"HM\">Heard Island And Mcdonald Islands<\/option><option value=\"VA\">Holy See (vatican City State)<\/option><option value=\"HN\">Honduras<\/option><option value=\"HK\">Hong Kong<\/option><option value=\"HU\">Hungary<\/option><option value=\"IS\">Iceland<\/option><option value=\"IN\">India<\/option><option value=\"ID\">Indonesia<\/option><option value=\"IR\">Iran, Islamic Republic Of<\/option><option value=\"IQ\">Iraq<\/option><option value=\"IE\">Ireland<\/option><option value=\"IM\">Isle Of Man<\/option><option value=\"IL\">Israel<\/option><option value=\"IT\">Italy<\/option><option value=\"JM\">Jamaica<\/option><option value=\"JP\">Japan<\/option><option value=\"JE\">Jersey<\/option><option value=\"JO\">Jordan<\/option><option value=\"KZ\">Kazakhstan<\/option><option value=\"KE\">Kenya<\/option><option value=\"KI\">Kiribati<\/option><option value=\"KP\">Korea, Democratic People&#8217;s Republic Of<\/option><option value=\"KR\">Korea, Republic Of<\/option><option value=\"KW\">Kuwait<\/option><option value=\"KG\">Kyrgyzstan<\/option><option value=\"LA\">Lao People&#8217;s Democratic Republic<\/option><option value=\"LV\">Latvia<\/option><option value=\"LB\">Lebanon<\/option><option value=\"LS\">Lesotho<\/option><option value=\"LR\">Liberia<\/option><option value=\"LY\">Libyan Arab Jamahiriya<\/option><option value=\"LI\">Liechtenstein<\/option><option value=\"LT\">Lithuania<\/option><option value=\"LU\">Luxembourg<\/option><option value=\"MO\">Macao<\/option><option value=\"MK\">Macedonia<\/option><option value=\"MG\">Madagascar<\/option><option value=\"MW\">Malawi<\/option><option value=\"MY\">Malaysia<\/option><option value=\"MV\">Maldives<\/option><option value=\"ML\">Mali<\/option><option value=\"MT\">Malta<\/option><option value=\"MH\">Marshall Islands<\/option><option value=\"MQ\">Martinique<\/option><option value=\"MR\">Mauritania<\/option><option value=\"MU\">Mauritius<\/option><option value=\"YT\">Mayotte<\/option><option value=\"MX\">Mexico<\/option><option value=\"FM\">Micronesia, Federated States Of<\/option><option value=\"MD\">Moldova, Republic Of<\/option><option value=\"MC\">Monaco<\/option><option value=\"MN\">Mongolia<\/option><option value=\"ME\">Montenegro<\/option><option value=\"MS\">Montserrat<\/option><option value=\"MA\">Morocco<\/option><option value=\"MZ\">Mozambique<\/option><option value=\"MM\">Myanmar<\/option><option value=\"NA\">Namibia<\/option><option value=\"NR\">Nauru<\/option><option value=\"NP\">Nepal<\/option><option value=\"NL\">Netherlands<\/option><option value=\"AN\">Netherlands Antilles<\/option><option value=\"NC\">New Caledonia<\/option><option value=\"NZ\">New Zealand<\/option><option value=\"NI\">Nicaragua<\/option><option value=\"NE\">Niger<\/option><option value=\"NG\">Nigeria<\/option><option value=\"NU\">Niue<\/option><option value=\"NF\">Norfolk Island<\/option><option value=\"MP\">Northern Mariana Islands<\/option><option value=\"NO\">Norway<\/option><option value=\"OM\">Oman<\/option><option value=\"PK\">Pakistan<\/option><option value=\"PW\">Palau<\/option><option value=\"PS\">Palestinian Territory, Occupied<\/option><option value=\"PA\">Panama<\/option><option value=\"PG\">Papua New Guinea<\/option><option value=\"PY\">Paraguay<\/option><option value=\"PE\">Peru<\/option><option value=\"PH\">Philippines<\/option><option value=\"PN\">Pitcairn<\/option><option value=\"PL\">Poland<\/option><option value=\"PT\">Portugal<\/option><option value=\"PR\">Puerto Rico<\/option><option value=\"QA\">Qatar<\/option><option value=\"RE\">Reunion<\/option><option value=\"RO\">Romania<\/option><option value=\"RU\">Russian Federation<\/option><option value=\"RW\">Rwanda<\/option><option value=\"BL\">Saint Barthelemy<\/option><option value=\"SH\">Saint Helena<\/option><option value=\"KN\">Saint Kitts And Nevis<\/option><option value=\"LC\">Saint Lucia<\/option><option value=\"MF\">Saint Martin<\/option><option value=\"PM\">Saint Pierre And Miquelon<\/option><option value=\"VC\">Saint Vincent And The Grenadines<\/option><option value=\"WS\">Samoa<\/option><option value=\"SM\">San Marino<\/option><option value=\"ST\">Sao Tome And Principe<\/option><option value=\"SA\">Saudi Arabia<\/option><option value=\"SN\">Senegal<\/option><option value=\"RS\">Serbia<\/option><option value=\"SC\">Seychelles<\/option><option value=\"SL\">Sierra Leone<\/option><option value=\"SG\">Singapore<\/option><option value=\"SK\">Slovakia<\/option><option value=\"SI\">Slovenia<\/option><option value=\"SB\">Solomon Islands<\/option><option value=\"SO\">Somalia<\/option><option value=\"ZA\">South Africa<\/option><option value=\"GS\">South Georgia And South Sandwich Islands<\/option><option value=\"ES\">Spain<\/option><option value=\"LK\">Sri Lanka<\/option><option value=\"SD\">Sudan<\/option><option value=\"SR\">Suriname<\/option><option value=\"SJ\">Svalbard And Jan Mayen<\/option><option value=\"SZ\">Swaziland<\/option><option value=\"SE\">Sweden<\/option><option value=\"CH\">Switzerland<\/option><option value=\"SY\">Syrian Arab Republic<\/option><option value=\"TW\">Taiwan, Province Of China<\/option><option value=\"TJ\">Tajikistan<\/option><option value=\"TZ\">Tanzania, United Republic Of<\/option><option value=\"TH\">Thailand<\/option><option value=\"TL\">Timor-leste<\/option><option value=\"TG\">Togo<\/option><option value=\"TK\">Tokelau<\/option><option value=\"TO\">Tonga<\/option><option value=\"TT\">Trinidad And Tobago<\/option><option value=\"TN\">Tunisia<\/option><option value=\"TR\">Turkey<\/option><option value=\"TM\">Turkmenistan<\/option><option value=\"TC\">Turks And Caicos Islands<\/option><option value=\"TV\">Tuvalu<\/option><option value=\"UG\">Uganda<\/option><option value=\"UA\">Ukraine<\/option><option value=\"AE\">United Arab Emirates<\/option><option value=\"GB\">United Kingdom<\/option><option value=\"UM\">United States Minor Outlying Islands<\/option><option value=\"UY\">Uruguay<\/option><option value=\"UZ\">Uzbekistan<\/option><option value=\"VU\">Vanuatu<\/option><option value=\"VE\">Venezuela, Bolivarian Republic Of<\/option><option value=\"VN\">Viet Nam<\/option><option value=\"VG\">Virgin Islands, British<\/option><option value=\"VI\">Virgin Islands, U.s.<\/option><option value=\"WF\">Wallis And Futuna<\/option><option value=\"EH\">Western Sahara<\/option><option value=\"YE\">Yemen<\/option><option value=\"ZM\">Zambia<\/option><option value=\"ZW\">Zimbabwe<\/option><\/select><span class=\"msg\">&nbsp;<\/span><\/div>\n<p><a name=\"fa_zip\"><\/a><\/p>\n<div class=\"row f_zip text required\"><label for=\"f_zip\">Zip Code<\/label><input id=\"f_zip\" name=\"zip\" size=\"8\" type=\"text\" \/><span class=\"msg\">&nbsp;<\/span><\/div>\n<p><\/p>\n<p class=\"submit\"><a href=\"http:\/\/feedproxy.google.com\/privacy-policy\" >Privacy Policy<\/a><\/p>\n<div class=\"buttons\"><input class=\"button\" type=\"submit\" value=\"Sign Up\" \/><\/div>\n<p> <\/p>\n<hr \/>\n<p class=\"submit\"><em><span style=\"text-decoration: underline;\">Please Note:<\/span> 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<\/em><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/form>\n<p><a href=\"http:\/\/www.businessinsider.com\/10-things-may-27-2010-5#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/plo3qsJC5YI\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Here&#8217;s what you need to know: Asian exchanges were up in overnight trading, and European indices have also started the day stronger, many making over 2% gains. U.S. futures are also showing signs of big morning gains.&nbsp; Jobless claims and GDP numbers are released at 8:30 AM EST. UPDATE: GDP came in weaker [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-581189","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/581189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=581189"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/581189\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=581189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=581189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=581189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}