Jobless Claims & The Dollar

Good morning. Futures are lower as markets overseas fall under sell pressure and the U.S. dollar sees a rebound. Weekly jobless claims were inline with expectations.

Top headlines include news that the bailout program could be extended, Fed officials play down impact of weak dollar, Fed's Bullard says shrinking reserves key to exit, the financial services committee approved a proposal that would empower government regulators to break up large financial firms, Obama urges ratification of South Korean free trade pact among other things, OECD doubles its 2010 growth forecast, Blackstone to acquire Birds Eye in $1.3 billion deal, the IPO market heats up with Fortinet debut, U.S. wants to fast-track GM IPO, Ambac stays alive, Moody's threatens to downgrade debt of big Wall Street firms and concern that FHA-Backed lending is a train wreck.

Read more of my premarket report.