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Replacement would be bob dudley, the current managing director of bps who in houston. hes 54 years old. he would be the first american to head the british petroleum giant. it also represents a move by bp to acknowledge that america is 40% of their business and also represents the greatest achievement for them in the going forward from this disaster. >> and charles, were hearing october, some people are saying were going to get this announcement sooner, are you hearing a definitive answer when we...

News that b.p. c.e.o. tony hayward is stepping down certainly welcome news in grand isle. people -- that news spread fast here. hes certainly not one of the most loved men here. theyre saying they want someone at b.p. who understands their situation. news is that bob dudley will be taking over for b.p. b.p.s board is meeting this evening. we should get more information out of that. this is, of course, ahead of their tuesday second quarter earning reports that are due out tomorrow so this is news...

Well have to see how the markets react and look at the fine print. as he said maybe some of the testing was lenient. at the top line this is good news. jenna: not a whole lot of reaction in our market here on this news. we stress tested our own banks back in 2009. do you think well do something similar. >> thats right. i think we had the stress test. you put the bad news out in public so the good banks can have access to the private capital market. the u.s. banks had to raise 75 billion in capit...

Earnest, there are a number of obstacl obstacles. this wont be quick one way or the oh, but i agree that democrats need to get moving on it. >> health insurance companies are playing sort of an unexpected role. we know theyre not stupid. they must know that raising rates by these dramatic amounts can only help people who support reform. what is this 75% rate hike say about the state of the health insurance industry? >> it says this is what the business model is. over here, theres politics going ...

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That is the message of the super committee being formed. brenda, stay on the watch. >> speaking of congress, the folks on capitol hill and white house being blamed to get the massive debt under control. first ever since 1917. will this force them to stop the finger pointing? coming up political panel will weigh in on that. were following the global markets so you wont miss a thing. fox news tonight will show a special fox business report from 9:00 to 11:00 p.m.. >> heather: fox news alert. we ar...

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