DON IMUS, HOST: This is the IMUS IN THE MORNING program. Time now for a business update. From the FOX Business Network, here's Jenna Lee.

JENNA LEE, FBN CORRESP0NDENT: Good morning, everybody.

Coming up on IMUS IN THE MORNING, Bo Dietl joins Imus in about 30 minutes from now. Before that, let's get to your "FOX Business Minute."

Ben Bernanke's replica breitling watches chances for a second term as Fed chairman are looking much better this morning. Over the weekend, Republican Senator Mitch McConnell and Democratic Senator Dick Durbin say they believe Bernanke will be confirmed.

The White House showing major support for Bernanke and saying, now is a bad time to play politics with the economy. The Senate is expected to vote sometime this week on the matter.

In the meantime, businesses might be ready to start hiring again. A new report by the National Association for Business Economics saying the easing of credit and an improving job outlook will lead to more hiring and spending in the next six months. But economists worry the economy will slow again if consumer spending doesn't pick up.

And the AIG's secrets almost got national security level treatment from the SEC. According to e-mails from earlier this year, the Federal Reserve Bank of New York only agreed to let AIG file the documents with the SEC if they got special security treatment. Only two SEC employees saw the documents and they were kept in a safe.

Congressman Issa says this is proof the New York Fed hid something. Issa is holding hearings this Wednesday. Treasury Secretary Tim Geithner, who ran the New York Fed at the time, will testify on that.

That's your "FOX Business Minute."

Here's a quick look at the European markets as we come off what was a down week yesterday on Wall Street. Looking a little bit mixed overseas, but, on our part, we're doing all right this morning. We were seeing gains of about 1 percent, nearly 1 percent across the board. S&P 500 up about 11 points. Dow Jones industrial up 91.

Best business television now on the Web. Check out our Web show, foxbusiness.com, online and streaming on your iPhone. Head over to foxbusiness.com. That's where you'll find it.

In the meantime, IMUS IN THE MORNING coming to you next.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

IMUS: You know, I really hate Bernie.

WARNER WOLF, SPORTSCASTER: Oh?

BERNARD MCGUIRK, PRODUCER: Wait a minute.

CHARLES MCCORD, NEWSMAN: Why?

IMUS: And here's the thing. When I came back to work, I had an offer from another station and they didn't want you. It was a deal breaker. And what did I do?

I held out. Of course, we wound up on WABC, which what we actually wanted any way. I held out because I wouldn't come back to work without you. And you were far more stigmatized than I was.

MCGUIRK: But they wanted me here, though.

IMUS: Pardon me?

MCGUIRK: They didn't object to me here.

IMUS: At WABC?

MCGUIRK: Yes.

IMUS: Oh, no. Fareed jumped off the couch. You can thank Fareed for that, by the way.

MC
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Ethiopia hopes to expand trade with China: PM

ADDIS ABABA, Jan. 11 (Xinhua) -- Ethiopian Prime Minister Meles Zenawi said Monday his country hopes to expand its trade size with China.

During his talks with visiting Chinese Minister of Commerce Chen Deming, Meles said his country hopes to join hands with China to promote investment cooperation in areas like infrastructure and manufacturing, adding that Ethiopia is willing to provide more attractive investment environment for Chinese firms.

The 2006 Beijing Summit of the Forum on China-Africa Cooperation gave a strong impetus to the development of Africa- China economic and trade cooperation, said the Ethiopian prime minister. He believed the success of the Fourth Ministerial Conference of the China-Africa Cooperation Forum would promote Africa-China friendly cooperation to a further step forward.

The current all-round cooperation between the two countries has maintained good momentum and played an important role in Ethiopia's economy, he added.

For his part, Chen said the bilateral trade volume reached a historical high of 1.376 billion U.S. dollars during the first 11 months of last year against the backdrop of international financial crisis, up replica hublot watches 12.4 percent over the same period of the previous year.

At the just-ended Fourth Ministerial Conference of the China- Africa Cooperation Forum in Egypt, China announced the eight new measures to enhance cooperation with Africa, according to Chen, who arrived here for a two-day visit.

The Chinese side is willing to implement the eight new measures as an opportunity to promote China-Ethiopia economic and trade relations to a new level, he said. China welcomes Ethiopian firms to further develop the Chinese market and also encourage Chinese firms to expand investment in Ethiopia, said Chen.

100 years ago, 1910

In spite of the rough weather of the past few days, news of spring came to hand yesterday in the form of a spray of trailing arbutus in bloom. One of the men connected with West Bros. lumber camps on the Lisbon Road, while clearing away for a road to haul logs, reported seeing many small mayflower buds and this one in full bloom.

50 years ago, 1960

A 25-cent increase in the price of haircuts, effective April 1, was announced yesterday by 11 Auburn barbershops. "We had no alternative but to go up or get out of business as a whole," the barbers involved declared in a joint statement.

The price of regular haircuts will be hiked from $1 to $1.25, the barbers reported. Cost of special-type haircuts, such as crew-cuts and flat-tops, also will go up a quarter. Children Clip on charms are included.

25 years ago, 1985

President of the Snowshoe Congress Committee Roland Tanguay met Sunday evening with the trainer and sports director of La Tuque Rouge Snowshoe Club of Sherbrooke, Quebec. The meeting took place at the Montagnard Club room to discuss the walkers of La Tuque Rouge Snowshoe club.

The trainer, Mark Roy, said he expects his walkers to arrive in Lewiston by tonight at 6.

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