Airbus

After stumbling to close the week Wall Street was expected to jump during the morning today. Unfortunately, all three major American indexes were down by 11 a.m. Bloomberg News blamed the fluctuation on declines by corporate financial firms and commodity producers.

The World Trade Organization ruled last week that European aircraft maker Airbus has received nearly $20 billion in illegal government subsidies in the form of “launch aid” that provided the company with a competitive advantage over rival aircraft makers.

The U.S. government is not obligated to open contracts to foreign companies, or even to domestic private companies. Our government could easily do what every other nation in the world does by only making procurements from domestic companies.

Since hitting bottom one year ago each index has rallied more than 50 percent, but the long-term trend does not necessarily mean we will see more rallies throughout trading today.