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This is -- Imus in the morning.
Around on the Fox Business Network.
Analysts in -- good morning -- well let's start off with a look at oil after a wild ride yesterday it's now trading around 108 dollars a barrel currently down about 75 cents.
-- oil -- yesterday afternoon to above 110 dollars a barrel following a report from -- -- -- news outlet of an explosion along -- Saudi Arabian pipeline.
As Saudi oil official told Fox Business there was no explosion.
And no disruptions the price of oil has since come down.
And checking the rest of the markets here in the US futures have been in the red on morning Dow futures are now down by 21 ABS -- down by three -- nasdaq's down by about four.
Over in Europe overnight deposits with the European Central Bank surged 63%.
To a record one point 04 trillion dollars.
After it issued a huge batch of emergency loans to European banks also the EU meeting continues in Brussels today and stocks there are mixed -- down by -- in Paris is up by four.
And Frankfurt's down by -- six almost seven points there.
But let's take a closer look at what's moving those markets with BGC partners partners market analyst Louise Cooper.
Over in London -- we have the EU finance minister signing off on Greece's bailout but with the condition of the bond swap with creditors goes according to plans I -- Is there a chance that this swap could still fall through and if so what then.
Well we find out I think the end of next.
Quite with the participation.
Rates has been in the a Greek bond swap.
It's very opaque when I sort of speaks -- and colleagues in the -- CEO.
Analysts and economists and bond strategist.
That's a very wide range of views as to how many will participate says it's pretty out of -- most people are assuming it will guide through.
But that while some are saying it's not so I I like cattle call but one that we are expects the news at -- next week.
The other part of that meeting of course was this plan announced sort of enforce rules along the eight eurozone more strictly 125 members signed on but the U Czech Republic held -- that a good idea for them.
What could that was clearly some time ago that that they came to those conclusions we have now thought.
They did that the fiscal -- right you know we know the audience has to hold a referendum on it say that we'll take -- I'd also suggest that.
It's -- -- by no means guaranteed I got.
You know in pharmaceutical when you potential -- president false -- all on -- -- Suggesting that even if that if he does get elected he will.
C -- to get -- that fiscal compact.
So -- again we -- is something that will.
The -- explosions.
In the future up but it doesn't deal with the debt explosion of the pop.
All right -- thanks a lot at -- sober.
Group -- credit BDC markets.
Now yell is set to make its trading debut today the local business preview website -- its initial public offering of seven point 15 million shares.
At fifteen dollars each it was above the expected range with that higher price the company raise 107 million dollars and it's now valued at nearly 900 million.
-- -- trade under the ticker YE LP easy to remember on the New York Stock Exchange.
Treasury Secretary Tim Geithner defending the Dodd-Frank -- saying it could have helped to buoy the 2008 financial crisis.
In an op Ed piece in today's Wall Street Journal Geithner says that critics of the financial reform regulation suffer from quote.
Financial crisis amnesia.
Republican presidential candidates have slammed the loss saying that it -- interfered with the free market.
But Geithner writes that quote the failure to modernize the financial oversight system sooner is the most important reason why this crisis was more severe than any since the Great Depression.
He goes on to say that quote we cannot afford to forget the lessons of the crisis and the damage it caused to millions of Americans.
FaceBook is reportedly looking to -- its credit line again to cover certain costs of employee stock awards.
According to Reuters the social networking company wants to increase the line to help pay the taxes employees restricted stock units will face once they -- That'll happen about six months after FaceBook goes public and could cost billions a year ago the company set up.
-- -- and a half billion dollar credit line with Morgan Stanley JPMorgan Goldman Sachs Bank of America's Merrill Lynch and Barclays Capital.
The company then boosted that lying to its current two and a half billion dollars this past September.
Here's a look at the price of gold now we said that oil was down a little bit earlier now gold is down as well by about five dollars at 1717.
Coming up this hour Imus is guests -- -- prosecutor -- to -- make a --
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