DAVID HAFFENREFFER, CNN ANCHOR: Stocks in Europe are trading higher this morning.</s>DEBORAH MARCHINI, CNN ANCHOR: Todd Benjamin joins us from London with the latest numbers and some more. Todd, good morning.</s>TODD BENJAMIN, CNN CORRESPONDENT: Good morning, Deb and Dave. Really very quiet for a Friday here in Europe. The market is actually shrugging off Alan Greenspan's hawkish comments. London is up 3/4 of 1 percent. The Dax is more than 1/2 a percent higher. Paris is up a 1/4 percent. Zurich is flat at this hour. In the currency market, the dollar is slightly stronger against the Japanese yen on worries about Japanese growth, and of course those warnings from Moody's the day before. The euro is little changed. And the pound is slightly weaker. And oil is little changed. Back to you in New York, where I understand you're going to be talking about Ford and it's plans in Europe.</s>MARCHINI: You're right. Is there anything from that press briefing yet that we ought to know?</s>BENJAMIN: Well, basically, you know, we are just getting little hits on it. I think they have the main one that they plan to cut the number of jobs here in Europe by 1,500, that's at their Dagenham plant, which is just on the outskirts of East London. The problem for Ford in Europe is it's just losing -- not losing money, but its profits have just declined dramatically. Last year, they made about $28 million from the European operations, the year before about $193 million, so there's just too much capacity, they've got a strong pound, and they have to take action, and that's why they announced the restructuring today.</s>MARCHINI: All right, terrific. Todd Benjamin, see you later.
Stocks in Europe Trading Higher; Ford to Cut 1,500 Jobs at Dagenham Plant