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Merkel and Sarkozy Moving European Markets

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:58
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This is this.

Imus in the morning program on the fox -- And good morning everyone in North American International Auto Show is getting under -- in -- strike today and fox business's Jeff block.

Is joining us now live from the Cobo Center and Jeff it's early but we already have some big news -- Hyundai and rain.

-- -- Exactly two big pieces and news already car and truck of the year announced that we got -- It is they Range Rover of -- that really cool Range Rover doesn't look like a range or releases.

Tell us but the better best looking car Land Rover -- ever made that's truck of the year and the Hyundai Elantra car of the year that's a great -- because you know.

That's a car that looks great in under 151000 dollars so.

It's a pretty cool car.

But I'm gonna show you another pretty cool car and this is going to be something exclusively to the Fox Business Network right now in the Ford exhibit.

They are just about to start an event where they're gonna unveiled the new Ford.

Fusion and we've actually got.

A Ford Fusion right here and they're gonna go ahead and take that.

Can you do it yet can you do right now this is the new Ford Fusion take a look at this this is -- one of the best selling cars already in America.

-- third best selling as a matter back bestselling car that Ford makes an already they are hopeful we get another one over here.

Just pull this one -- this -- -- it's a white one.

They have -- the car up essentially to totally new design -- come on over here we can -- look at the front end of this totally new.

A front and it looks a little bit like at Aston Martin.

And this -- -- this car already.

I was very successful for but it shows you that they are not content with holding path.

And in fact the other thing on the -- there's going to be out plug in hybrid version of this it's essentially gonna take on the volt.

And it's gonna get a hundred miles to the gallon this is the hybrid version right here that you're looking at.

A hundred miles to the gallon.

Full Chevy Volt looked out.

-- that's the latest guy next hour.

Thanks step looking forward yet.

Now let's take a look at the market this back and forth all day right now we're seeing Dow futures up by nineteen points the S and -- Also up my little more than a point there in the nasdaq's up by about seven.

Already year had German Chancellor Angela Merkel and French president Nicholas Sarkozy met in Berlin to discuss preparations for the summit of European leaders scheduled for the end of the month.

Ahead of that stocks are mixed or rather right after that's documents -- down by about five -- is up.

By little more than nine points in Frankfurt is almost flat.

Holding on to Green territory just barely there at the moment now it's -- on what's moving those markets.

Joining me now Dow Jones Newswires new correspondent -- -- we asked one of our guests earlier what to expect from Merkel and Sarkozy today he basically said not much.

Having now heard some of their comments after that meeting we think.

Well I think basically indebted that they said the fiscal talks are going to have well then what they're trying to do is come up with some sort of ways to make sure that the other countries.

Within the eurozone actually stick in the future to that fiscal agreements on nobody expected any sort of major agreements to come out of this meeting.

As you pointed out of the start of it does that you data -- -- laying the foundations have.

For a meeting at the end of this month of the rest of of eurozone leaders so you know essentially this was to -- -- -- work in progress and I think that's essentially what we've been getting.

On but it is quite -- because it's come at a time when -- there's been more bad news out of Germany industrial production falling zero point 6% and also.

-- -- I news out of Greece and mean you might sound like good news of Greeks have actually convinced that private sector around on those two.

Take a deep sort to have cut 60% since its 50%.

But that -- itself apparently is not necessarily good news because this could still create problems by the wrong some.

No wonder the -- speaks today.

I nick thank you.

Now look at the latest on weather for meteorologist Maria Molina and our Fox Business by the senate came -- Hey good morning Dan and good morning everyone in today across parts of the northeast and the upper midwest we're gonna have some quiet weather would actually relatively warm temperatures.

For this time of the year all of the action -- any further optimists out.

Well we can see a shower thunderstorm as far north as -- mid Atlantic also across parts of the southeast of -- -- this morning already have some dense fog being reported across parts of the south.

But the center of the storm systems actually over Texas and this is where we're seeing the heavy rain.

Across central and eastern parts of the state of Texas some tornado warnings being issue that was some of those storms and the backside of the -- some snow across southwest and parts of Texas and.

I'm Maria thanks let's take a look at commodities now oil and gold.

And then bouncing back and forth today right -- we're seeing them mixed oil is down about 25 cents -- hovering around 101 dollars a barrel.

And speaking of going back in for -- it now is flat at 1616.

And a Imus in the morning continues right now on Fox Business.

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