Futures Up On Dollar Drop

Good morning. Futures are positive as the dollar falls back and mixed performances were seen in overseas markets. Today's top headlines are:

• Japan's GDP disappoints (Bloomberg)

• Concerns over the finances of some of the world's governments (WSJ)

• Cost of insuring Dubai debt soars (CNBC)

• Americans grow more pessimistic on economy (Bloomberg)

• Double-digit unemployment seen for California until 2012 (CNBC)

• Mortgage applications hit two month high (CNBC)

• American homeowners will have lost nearly $500B in home value by year-end (Zillow)

• Guidance from Texas Instruments (Reuters)

• CIT could be out of bankruptcy within days (Reuters)

• TARP is credited with stopping an economic panic (Congressional Oversight Panel)

• Geithner said to be seeking TARP extension until next October (Bloomberg)

• Obama to meet Monday with bankers (WSJ)

• US Senator Shelby says deal on financial regulation rewrite unlikely this year (Smart Money)

• Obama presses for hiring incentives and small-business tax cut (Washington Post)

• Senators strike health deal (WSJ)

• Good times for Bill Gross (Bloomberg)

Like yesterday, we don't have much to look forward to on today's calendar. At 10:AM reports on Wholesale Trade and the Livingston Survey are due out. Then a half-hour later we have the weekly EIA Petroleum Inventories report.

Read more of my premarket report.