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This is -- Imus in the morning.
Program on the fox most of them -- Good morning everyone let's take a look at the markets right now here in the US futures have given -- Green all day and then still there across the board Dow futures are up almost triple digits gaining 93 points so far.
The S&P is up about nine in the nasdaq's up about 23 points.
Meanwhile markets in Europe are still higher after some positive earnings reports.
Investors also eyeing a key budget vote that of Italy right now we see London up triple digits -- also up almost 150 there.
While parents is up 73.
Paris and Frankfurt -- more than 2% now.
Now that voted Italy could also trigger a vote of confidence for prime minister Silvio Berlusconi who's facing growing pressure to step down.
Fox Business is Ashley Webster is live outside of parliament and -- -- what's the latest there.
-- Diana's the rain -- down here in -- we are waiting for that debate to get underway in the parliament building here the chamber of deputies.
The big question is can Silvio Berlusconi keep enough people in his party to win enough votes a loss today.
Does not mean -- he's lost a vote of confidence but it certainly shows that he is in trouble.
There are number of us scenarios playing out one of those is an opposition members just simply will abstain and then that would give us a better idea of how many people in fact support the embattled.
Our prime minister in the meantime -- seeing that the borrowing costs of Italy coming down just a little bit from a six point 74% on the ten year bond down just a little bit to around six point 6% still very high and what that says that Citi.
International money markets still do not have faith of mr.
And the ability of he and his government to push through those austerity measures that -- needed to get Italy's debt under control and as we know this is a huge.
Our economy one that could really seriously perhaps be too big for Europe to handle.
And so as we wait and watch the F future of mr.
Berlusconi and his government so do the rest of the Euro zone.
Diane back to you.
They do indeed -- and now organist shift gears and go over to Dow Jones Newswires senior correspondent nick Hastings.
To find out exactly that angle how the European markets are looking at all of this.
Nick we have Greek cabinet ministers reportedly offering.
And their resignations today to -- the way for a new coalition government did this do anything to help rebuild investor -- Greece.
For the next thirty seconds probably that might accidentally than that -- I think one of the things we've seen here is that.
You know we've had a rough ride the market the last couple of weeks not surprising that book things a bit -- yes we -- we -- is this -- -- get.
And you and you.
Caretaker prime -- that should actually and so.
That they do actually -- the austerity measures on and then hold elections next ship but -- so many other instances baba ruled in to have.
That the other market might be tied taking advantage of the -- the moment but that doesn't mean that it's not gonna stop falling apart again and this -- -- -- a lot of people who feel.
You see the Euro -- at the moment sell into it don't hang onto it.
On for example the meaning of the Berlusconi vote okay he may get his budget through but he did doesn't.
More than likely still that the -- of no confidence vote and he's gonna end up on the skids and then the -- have the whole uncertainties head of a new Italian leader.
So I think that just who many other things involved well -- get.
Really excited about little -- Definitely several variables that play thanks nick.
And former clients of Ponzi schemer Bernie Madoff -- filing a class action lawsuit against JPMorgan Chase.
But business is Robert Gray is standing by in the newsroom with the details Robert.
But I'm -- a significant amount of.
Absolutely -- nineteen billion dollars that is what these this class action suit is seeking these victims of the Ponzi -- suing JPMorgan Chase here Clinton debate willfully ignored signs of fraud also saying -- -- words that that JPMorgan was -- thoroughly complicit in concealing that fraud over the span of two decades.
When it served as the bank for -- Bernie Madoff.
Charges -- also saying the debate turned a blind eye to collect more fees and commissions as well Diane back to you.
-- thanks Robert.
Now let's get the latest on weather -- meteorologist Maria Molina in our Fox Business -- -- -- Maria hey good morning -- -- expecting a lot of sunshine today across northeast with temperatures today a little bit warmer than what we signed yesterday or over the past few days upper sixties -- in New York City and a high of seventy in Philadelphia.
As southeast -- H Rangel but in Chicago and that's where we're gonna start to see.
Heavier precipitation in the forecast for today and that's all associate with a large storm system.
Across the sent out a country that's also gonna -- bringing in a race for some severe storms further off to south across the southern plains on the backside of it it's cold so watch out for some snow -- All right thanks Maria.
Taking a look at commodities now oil and gold are both up coming up this hour Imus is guests -- be Fox News legal analyst at least we'll.
Imus in the morning continues right now on Fox Business.
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