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Huntsman to Withdraw from GOP Race

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  • Description

    FBN’s Lauren Simonetti breaks down the stories moving the markets around the world.

  • Duration 4:54
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This is they -- This is more important.

-- -- -- of that it's.

Good morning former Utah's governor Jon Huntsman will announce from South Carolina later this morning that he is dropping his bid for the GOP nomination fox -- rich ads in.

Is standing by at the Myrtle Beach convention center with the details good morning rates we saw this -- coming -- point.

Considering -- finish in New Hampshire he did finish -- but again he put all his eggs in that basket came in third place there.

Hadn't been performing all that well on the polls and so at 11 o'clock here this building right behind me Jon Huntsman.

Will withdraw from this GOP race and he will endorse Mitt Romney this is all according to -- this is because he's the best candidate.

To -- Barack Obama according to an -- To Jon Huntsman Mitt Romney has an awful lot of momentum here nationally in new Fox News poll shows Mitt Romney is way up in the GOP -- take a look at this.

-- -- 40% now among likely Republican primary voters.

Rick Santorum coming in second.

Distant second at 15%.

Newt Gingrich at 14%.

Ron Paul at 13% and Rick Perry.

Running a distant fifth also some good news for Mitt Romney in head to head fox is -- if you -- take -- president Barack Obama 46% for the president.

45%.

For Mitt -- so that.

Lead is narrowing for the president of the United States.

For Mitt Romney against the president of the United States that -- Gingrich's spokesman.

Has reacted to all this at least the Jon Huntsman news saying we are now one step closer to a bold Reagan conservative.

Winning the GOP nomination so we have.

One fewer candidate it tonight's debate 9 o'clock here Myrtle Beach, South Carolina though I doubt -- that would have any less animosity between these candidates.

-- can it be interesting things trades had a good day.

Checking the markets on -- Martin Luther King holiday US stock and bond markets are closed there is trading around the world however in Europe overall market response has been pretty flat to the S&P downgrade of those nine.

Eurozone countries and with in which -- France and Austria lost their triple -- ratings.

France -- auction more than eight billion euros of short term debt this morning.

And stocks are really very -- -- hugging the flat line as we speak the Dax in Germany kind of outperforming the rest of the markets in Europe.

With more on European markets I'm joined by -- -- senior currency strategist.

Jane Foley Jane hi good morning to you.

So the -- the currency shared by a seventeen members in the eurozone continues did take a beating.

Well many people expected.

S -- -- serial downgrades what do you make of the Europe this morning.

Whereas driving I think what it's done specialists expect his attention back on Greece and the problems hitting Greece and inclusive posted a possibility that -- toward the bad news is that that we must remember that fourteen countries.

I left -- Aston -- on negative watch meaning that as a one -- three -- of another downgrade could hit based baby this year or maybe next year Nicholas's recipes warning.

At that -- but if she gets less because of recession.

So for not -- -- view it's very likely that you know look bad news is that -- at a very good knew me.

Outlet but -- if you look at the peripheral bond markets this morning they have been supported because -- -- -- of reports that the ECB.

Has been in supporting those markets which this -- some distortion makes it very difficult to really tell what the two impact of this -- is being.

-- -- being -- over in Greece that they are gong to be able to get that second bailout that they really need.

To stay afloat at this point.

Well our at again you know this is still a lot of negotiations going on -- I think particularly given the recessionary conditions that we've we've seen in Greece and given this name -- top and that.

At the real question there is -- how much debt relief well ultimately Greece needs so there is a huge question mark about the data for Greece and other speculation as to whether any mistake.

That was in the system but of course it's going to be -- that he can say what out of the system.

That would be much relief for the Greek people.

Yes still talking about Greece three -- later thinking -- very much.

OK now let's get over to the weather center were joined right now by meteorologist -- and -- -- up.

And the Fox Business weather center -- -- Hey good morning Lauren -- the CEO we do have a lot of sunshine expected today ahead of a storm system across northeast and temperatures.

We'll be finally rebounding as we welcome to teens across northeast and even some single digits.

And now we're going to be seeing adversaries across New York City Philadelphia low thirties for Boston otherwise across -- -- you -- have some scattered showers.

So well and -- keep an eye out for that in some clouds that Chicago and Detroit that's what we're going to be looking at the state -- rain later on today.

-- Umbrellas -- grant Imus in the morning continues right now on fox -- NASDAQ has always giving you -- -- across.

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