Waking up With Nicole Lapin


TGIF. Not to rub it in, but it's already happy hour somewhere. Here's what bankers will be drinking to forget there:

EZ: Eurozone unemployment stays steady at 10.1%

PIIGS: Euro flirts with $1.30, periphery spreads widen.

Kumbaya: France and Germany are agreeing to align their tax and labor policies.

Ze Trade: Germany's trade balance narrowed with imports up 4.1%.

Waffling: It's been 8 months, 5 failed compromise attempts and Belgium still doesn't have a government.

Chinafication: JPMorgan and Morgan Stanley get the regulatory green light to operate a securities business in China.

Rush: There's been a flight outta gold overnight.

Here's what you'll be drinking to forget when the market closes:

J-O-B-S: DJ survey calls for an increase of 150k from last month, Reuters has it as high as 175k. Unemployment should tick down to 9.7%

Big Ben: Bernanke is on the Hill in front of Senate Budget Committee at 9:30 for the first time since QE2 set sail.

Fed Speak: Narayana Kocherlakota, Elizabeth Duke, Charles Evans and Eric Rosengren all stumping today.