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FBN’s Diane Macedo with the latest details surrounding News Corp. and the hacking scandal in the UK.
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This is this Imus in the morning from.
On the -- -- Hacking scandal surrounding news international continues -- let's just in London with more actually what's the latest.
-- Diane in the last thirty minutes Stephen -- concerned he is the lawyer for Rebecca brooks is confirming that she will indeed testify tomorrow to a common -- A committee Parkinson also going on to say initial statement his client is not guilty of any criminal offense.
Rebecca books is the former chief executive news international she resigned last week.
And was arrested yesterday before being released up to twelve hours of questioning now tomorrow the culture media and -- committee.
Will be holding a hearing right here in London.
Rupert Murdoch the chairman and CEO of News -- will be testifying as will his son James Murdoch who's chairman of news international musical because the parent company of the Fox Business Network.
Meantime in other news -- Stephenson the former head of -- -- although officially he's still is but he has resigned because -- his contacts.
We've those figures involved in this hacking scandal.
We're also waiting to hear from a statement from the Mets the police force the main police -- also known -- Scotland Yard.
With regard to deputy commissioner John Yates -- also being criticized for his role in the investigation.
London mayor Boris Johnson will be making a -- statement on the met in about so one hour from now so plenty of developments to talk about.
And also British prime minister David Cameron cutting -- trip to Africa now.
To sell hold a special session of parliament on Wednesday well all of this will be discussed plan.
Thanks actually.
Meantime here in the US two weeks away from the deadline and Republicans and Democrats seem to be even further apart on a debt deal.
There's several plans out there but none seems to have enough support to get through just yet the -- to reportedly moving forward on quote multiple tracks.
The president however is said to still be holding out hope for -- grand deal with several trillion dollars in cuts over the next ten to twelve years.
Taking a look at the markets this morning in Europe Bancshares are dragging down the major averages.
London's currently down about sixty points Paris is down almost fifty and -- down almost seventy.
The declines -- last week stress test results were eight smaller banks failed.
And sixteen others came close to failing.
Here in the US futures -- started the week sharply lower.
Dow futures are down 78 points the S&P is down eight and a half and NASDAQ down almost sixteen not at their worst levels but still all down.
And President Obama meanwhile is making his pick for the head of the consumer watchdog agency.
The president will nominate former Ohio attorney general Richard -- rate for the job.
He's already at the consumer financial protection bureau but currently at the top enforcement officer.
-- day was chosen instead of Elizabeth Warren who was long considered a front runner for the job but she was unlikely to get confirmed by the senate.
Now let's get the latest on weather from meteorologist Maria Molina in our Fox Business weather center hi Maria.
Hi good morning -- the big story today and pretty much for the rest of the week is going to be a massive heat wave already taking shape today across portions the central US -- on -- highs in the upper nine east triple digits for some across.
This region and even nineties across portions of the northeast 92 for us here in New York City that heat.
We'll continue to build and expand throughout this work -- otherwise showers and thunderstorms north of his set -- high pressure across portions of the northeast.
Great Lakes and also upper midwest we're gonna see some thunderstorms develop here that could also produce some isolated severe weather -- Thanks -- Taking a look at commodities now oil gold and silver are mixed oil is around 96.
97 dollars a barrel.
Gold hit a new record above 16100.
Imus in the morning continues right now on Fox Business giving you the power -- --
