You're watching...
FBN's Diane Macedo on world markets, U.S. stocks and Energy Transfer Equity's new bid for Southern Union.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Good morning everyone let's kick things off with a live look at the markets starting -- -- Asia stuck there were mostly higher.
But Hong Kong's Hang Seng finished lower -- essential back -- bank issued a statement saying inflation pressures remain high.
And that's raising concern that an interest rate hike may be on the way some reports say -- could come as early as this weekend.
Checking the European markets now they've been mixed all day and remain there -- is up.
Five points onsite London is up five points Paris is down sixteen almost seventeen.
And the Dax is up ten points traders are being cautious following that statement from China.
And here in the US futures are following your example they were -- all morning but now we're seeing their mix.
The -- up seven points yesterday's almost flat to down slightly the -- up six points.
-- it'll go back to work on Wall Street today -- one of the best weeks for stocks in two years shares were boosted on Friday by a better than expected report on manufacturing.
And all thirty Dow stocks finished higher.
We have some deal news story this morning Energy Transfer Equity is raising its bid for Southern Union.
The offer is now forty dollars a share including debt.
That means the deal now stands at eight point nine billion dollars that's slightly higher than the -- Southern Union received from Williams.
ETE originally offered eight point nine billion dollars for the company.
The Southern Union shares are higher in the premarket.
-- -- oil leak in the Yellowstone river could extend farther than originally thought.
The oil giant is working to clean up roughly 1000 barrels of oil that leaked into the river after a pipeline broke.
It's focusing cleanup efforts on -- fifteen mile stretch near the site of this bill but there are complaints of problems further downstream.
One Exxon official pledged to do quote what ever is necessary to clean up this bill and shares are lower in the premarket.
Imus in the morning continues right now want Fox Business giving you the power -- --
