Morning News Summary for May 9, 2011

Slight panic was created from rumors that Greece was potentially leaving the eurozone last week. These rumors have been denied, however, as Greece had a meeting on Friday to discuss their future. Silver looks to be making a premarket rebound after a very unusual week in trading. Speculation dictated the commodities' future causing a steep decline. President Barack Obama made a public statement demanding that Pakistan disclose information they held on Bin Laden prior to his death. Activision Blizzard AVI, Dillards DDS and Tyson Foods TSN are on the docket to release quarterly financial results today as earning season nears an end. The greenback is turning a corner after a sharp decline last week. Strong support surged as the dollar index hit 73.804; it is expected to rebound further to 75.631. Berkshire Hathaway reported smaller profits for the first quarter. The report mentioned that this was due, in part, to the earthquakes in Japan hampering reinsurance results. The top executive scandal involving David Sokol was not mentioned. One year after its first bid, Hertz Global HTZ makes another offer for the smaller car rental company Dollar Thrifty DTG. Hertz said it was willing to pay $72 a share, which would be a 3 percent premium for company. Gold inched its way back over $1,500 an ounce as oil rebounded by more than $3. This all comes after one of the worst weeks seen in a couple of years for the two commodities.