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This is very Imus in the morning.
On the -- -- Good morning -- well let's start things off with a look at the markets here in the US is another busy week of earnings investors have already gotten Caterpillar.
As they also keep a close watch on Europe the US futures right now are up across the board.
But just barely gets -- -- holding on just by a half the point Dow futures are up by 24 the nasdaq's up by four.
Over in Europe markets have pared earlier gains led lower by banks stocks.
As concerns remain about how big a loss private bond holders of Greek debt.
We'll have to except in the Euro zone's debt plan London's up by seventeen Paris is up by just.
Not even a point there and Frankfurt is up by five points.
Now with more on what's moving those markets joining me now is Jane Foley rabobank international senior currency strategist.
And Jane European leaders are expected to reach a final agreement on the region's debt plan this week what do you think we'll see from then on Wednesday.
Well to -- -- -- the market really is that put in is that -- April is excellent -- hopes that a final agreement will be made because they're still plenty of scope for disappointment nasty ads.
And there's a lot of disagreements in about how big -- tax cuts will be you know we got to remember coolest that this is just a -- -- see Haitian.
How did you like twenty fast agreement and back then and the private bond holders were told they would and you have to accept cuts of 21%.
I'm not -- being told that may be that have to accept -- -- some 60% said.
And it's -- -- -- unsurprisingly that there is a hasn't this compliments here and and and some -- really for.
That discussion -- to say the very -- at home Wednesday at some.
Some agreement is helpful.
That -- necessarily need to say that we will get back.
And we got a weaker than expected reading on the eurozone composite purchasing managers index this morning.
What does this give us in terms of indications of a possible recession again.
Well again this is one of the indications that took the steam -- that the early morning rally in London we have these PMI numbers coming in weak.
And a close that just brings us ramps to the other big -- that we have in the market which is of course the prospects for a -- world -- across the these PMI -- that.
-- coming a week that we needed reinforced that -- now we can't think.
That we are in recessionary conditions -- that we will head injuries recessionary conditions.
But it could be quite a -- -- and -- -- to do continue to get at weak data from Europe.
And of course -- this crisis continues to -- Parallel and at the risks of recession and of course what I said at that is a sensitive.
Markets indicator was has to market and came to this morning.
Alright -- thank you.
And the United States is triple A credit rating could suffer another downgrade before this year is over that's according to Bank of America Merrill Lynch.
The bank says another major ratings firm could follow Standard and Poor's downgrade from August.
B of a says the downgrade trigger would likely be a failure by the debt super committee to reach a deal on a credible long term plan to cut the US deficit.
You -- remember that bipartisan committee must reach a deal to reduce the US deficit.
By at least one point two trillion dollars by November 23.
Caterpillar beat the street with its third quarter results this morning the heavy equipment maker reported a profit of a dollar 71 per share topping estimates -- -- dollar 54.
And shares are rising in the -- market right now revenue of fifteen point seven billion dollars.
Easily beat expectations of just over fifteen billion dollars Caterpillar says expects 2012 sales and revenue to improve.
Ten to 20% from the 2011 outlook and the company says it added 4800 jobs in the quarter 2000 those in the US.
And -- breaking news on Oracle right now the companies making a deal by saying right now technologies for one point five billion dollars.
That comes to 43 dollars a share and we'll have more info on that deal as we get it for you.
Yahoo! -- Could have a potential bidding war on its hands according to several reports Google has approach to private equity firms about financing a deal to buy Yahoo!'s core business.
Including it's two billion dollar display -- division the discussions are still in the early stages but if they do materialized.
Google stands to benefit not only from Yahoo! as many assets but also the ability to drive up prices against rivals like Microsoft but.
As we reported in the past Microsoft is also considering making a bit of its own for the company and shares of Yahoo! are higher in -- market.
Now let's get the latest on weather -- meteorologist Maria Molina in our Fox Business whether -- good morning Maria.
And good morning -- in Escondido generally quiet day across most of the planes are dry weather in place there's a close -- swinging to the Great -- early this morning now and -- systems and is headed eastbound.
And we'll be bringing in some isolated showers throughout the day today across north.
I Andrea thanks let's take a look at commodities oil and -- -- both still up.
Imus in the morning continues right now on Fox Business giving you the power to prosper.
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