Jun 20 - Reuters Economics & Markets Editor Dan Burns says that lending rates have soared over the past two days, raising concerns of a lack of liquidity worldwide.
Stocks take another big tumble -- -- and we're counting down your top stories to look out for at the end of this rocky week. Starting the potentially ill -- IPO in at number three go go in flight Internet. The airplane Wi-Fi that you wish you had bought when you're in your third or fourth hour of your flight. Well it's expected to price between fifteen and seventeen box on the NASDAQ that would value goto at roughly one and a half billion dollars. Friday might be a bad time to start treating considering the market's reaction to Bernanke's comments. One independent IPO analyst is concerned that well. Good controlled 80% of the market the sky high costs to get that technology off the ground have cut into that advantage. However the general mood around IPO. Positive and most analysts expect -- those IPO policy. Coming in at number TU three court Italian dinner or 1295. We'll see -- increase advertising at olive garden and red lobster has boosted Q4 results for appearing -- and all of garden alone generates around half of darden's total revenue analysts polled by consensus -- predict eight point 8% drop in comparable store sales at olive garden. That's from one point 8% last year. Watch out for a dividend hike when the company reports 70% of Darden investors expect a 7% increase according to survey conducted by Deutsche Bank. Shares of Darden closed down over two and half percent today. And and number one your top stories for Friday. The markets continued to sell off that is the big question investors are still fleeing stocks over the Fed's plan to pull back on its bond buying program. More than 90% of shares on the New York Stock Exchange were down today. World stock markets have dropped over 3% since those comments shaving off one trillion dollars in market value and the SMP hitting its worst to decline in seven months and dropping below a key benchmark at 16100. -- is economics and markets editor Dan Burton says watch for continued stress on credit markets. We're keeping a really close eye on whether the People's Bank of China that's China's Central Bank steps and to provide some measure of liquidity and support. In the Interbank funding market there we've seen it. Lending rate between banks for short term loans shoot to levels we've never seen before over 10% for seven day loans in China over the last several days. That is cascade beyond that market with concerns that we could see of global liquidity crunch if the PB OC doesn't step in to help out. And follow us on Twitter at Twitter is insider and get more of our videos at Reuters dot com slash through TV I'm pretty mom and it is greater.