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German Economic Growth Slows to 3%

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

  • Duration 5:03
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This is very Imus in the morning.

On the -- the.

And and good morning everyone Mitt Romney's quest for the White House is gaining more momentum after he won the Republican presidential primary in New Hampshire.

This like the win though his rivals -- -- -- -- -- fox business's Peter Barnes and Manchester this morning.

With all the details -- Peter.

Hey good morning Diane let's give you the numbers here with 95% of the precincts reporting.

Our Ron Paul has 39% of the vote here in the New Hampshire primary.

Excuse me Mitt Romney -- 10% of the vote here Ron Paul has 43%.

Jon Huntsman coming in here with -- kind of a mini surge at the in the last week or so coming in at 17%.

Mitt Romney excuse me Newt Gingrich and Rick Santorum -- tied at 9%.

And Rick Perry who skipped campaigning here folks on South Carolina just getting.

1% now for Jon Huntsman this was a make or break.

Vote he -- he had put.

-- -- all the chips and the into the into the pot on this one to keep his campaign alive and he said that this.

Third third place finish last night was good enough for him to continue his campaign take -- -- And.

I'd say third place is it tickets are -- Ladies and show.

Okay.

But governor Huntsman has a very stay steep hill to climb in South Carolina according to the average of the real clear politics polls for South Carolina Mitt Romney is on top.

At 31%.

Huntsman comes in dead last at 2.3.

Percent -- Alright Peter thanks we don't we can't always trust those -- -- benign we know you'll be here with the numbers thank.

Let's take a look at the markets now here in the US futures have been down most of the morning Dow futures are now down by sixteen yes -- and the nasdaq's down by three meanwhile over in Europe German economic growth slowed last year to 3%.

Down from three point 7% in 2010.

The country's GDP is actually estimated to shrunk by a quarter of a percent in the fourth quarter.

And this is the first sign that -- really showing some pain here amid the European crisis and that's raising some concerns they also sold bonds this morning four billion dollars in five year notes.

With a yield of point 9%.

Not too bad there a market in Europe are down.

Executives of NYSE Euronext and Deutsche -- will meet today in New York to discuss the issues related to their proposed merger.

The companies have launched -- lobbying effort to pressure European regulators to approve the eleven billion dollar deal.

As -- on Charlie Gasparino first reported the move comes to EU antitrust regulators are expected to recommend the deal be block.

-- Reno says regulators feel it would make the derivatives market.

Less competitive now let's take a closer look at what's moving those European markets I'm joined now by Brenda Kelly an analyst with CMC markets.

-- a German Chancellor Angela Merkel and -- time prime minister Mario Monti you're speaking in Berlin right now after meeting early this morning.

And Merkel does -- Italy has taken huge steps that will strengthen its economy how optimistic should investors be about this how much does that really mean.

Well this is the thing you know I think that the European that just disaster I would recall is kind of -- -- -- -- at the moment because.

As it fits both spokesperson that this morning and say that -- that he hasn't been doesn't get sort of that it's going to have a cataclysmic effect on the Euro and use words like dot -- start seeing the markets.

It does tend to -- ad out should investors shy away from that.

So one of the main -- things they take from me insane and are among -- conferences are got Germany are planning -- front loading up trying to kind of pre pay an effect.

And nobody got any more of the European stability -- -- both -- an -- to the extent to start to get the helping conduct the way nothing we knew that out.

I Brenda thanks.

Now let's get the latest on weather for meteorologist Maria Molina in our Fox Business weather center hey Maria.

Hey good morning Dan and good morning everyone we're tracking two storms sitting at the Fox Business whether senator we do have a strong cold front swinging -- parts of the upper midwest finally bringing in.

Oh cool down and also some snow for this -- -- that -- a little bit of good news because we're actually in -- snow deficit out there meanwhile across the southeast we have a storm system that's producing some heavy rain already early this morning.

Across parts of Ohio into Kentucky and Tennessee and this storm system.

Is headed towards a northeast of -- living here at -- -- good looking at some heavier rain.

As we head into tonight and also tomorrow morning but for today it's going to be pretty -- out they're not too many problems.

And temperatures relatively mild Chicago 51 for your high today with some sun -- New York City.

43 with the sun as well and Chicago you're getting some snow so keep an -- -- that later on tonight.

And.

I -- thank let's take a look at commodities now oil and gold are mixed oil found gold is up and I miss is coming up right -- -- on Fox Business.

I'm giving you of course the power from.

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