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This is -- Imus in the morning.
I'm on the Fox Business Network.
Good morning everyone we're looking at down markets right now over growth concerns in Europe the latest reading on GDP for the Euro zone confirmed a contraction of zero point 3% in the fourth quarter of last year.
And needy kids infecting markets around the world here in the US we're seeing futures down.
By 91 for the Dow by eleven for the S&P and down about nineteen almost money for the NASDAQ those concerns -- obviously weighing on European markets as well.
Added -- report -- of Reuters from the institutional international finance.
That they issued a warning that a disorderly Greek default would cause more than a trillion euros in damage to the eurozone.
Stocks there also in the red -- down by 58 Paris is down by 53.
And Frankfurt's down almost triple digits but let's take a closer look at what's moving those markets with the -- capital senior trader may not lot lot.
Over in London monotony of markets under pressure in part.
Over concerns about this Greek debt swap what is it about this deal that has investors so worried.
-- this is is most likely that the probability to Greece.
He's having difficulty.
Convincing existing bondholders to it's on the take the debt -- now.
And he's at least 75% take up all the was Greece says the -- those credit default swaps.
The EI STA rules of World War I on your credit events will become a credit events and that the whole thing starts to unravel we start to look at.
-- the first sovereign.
The -- to the Euro zone nation.
And is speaking of that we had a report out that -- -- -- -- -- would cause more than a trillion euros worth of damage to the eurozone.
Do you think that's an accurate assessment if it is is letting Greece default even a possibility.
But -- I think you might be that the top -- because unlocked all what has been.
-- -- that would that would who goes to Greece has been priced into the market but then you can never fully pricing in such an event and it's gonna have -- is serious repercussions across.
Global markets if Greece does default -- then how much do we has already been priced in these difficult society.
I'm not live up from -- capital thanks Manassas.
And voter's intent -- we'll have their say today as to who should be the Republican presidential nominee.
In the busiest day of primary season known as Super Tuesday about a -- in our newsroom with a preview of well we'll certainly be a busy day.
Morning maverick to say Phillies Diane that's right you've got ten states 400 plus delegates voters will be going to the ballots from New -- to the great plains and a frozen tundra of Alaska today.
Now you look at the F states had a battleground states the lines have been drawn Ohio certainly a big focus -- the -- central battleground state if you will.
Rick santorum's going all out there trying to close the gap with front runner Mitt Romney here but.
That's it terms at a disadvantage is not eligible for almost a third of the Bob ballots there is some of the -- that stating get enough signatures to get on the ballot there.
Similar situation in the state of Virginia where he -- -- Gingrich are not even on the ballot there.
Gingrich looking to score well on his home state of Georgia which has the most delegates at stake today.
Of course -- Mitt Romney has shut 203 delegates -- parts of more than twice as many as Santorum Gingrich and and Ron Paul pulling up the rear there.
-- Romney is trying to solidified his status as a front runner the victory in Ohio could potentially do that for him Rick Santorum of course keeping.
What can keep his chances alive and Ron -- looking for delegates in caucus states such as Idaho and North Dakota and of course we'll have all the action for you.
Following for you Neil Cavuto will be leading our coverage this evening beginning at 8 PM eastern here on the Fox Business Network Diane.
All right reverend banks.
And Qualcomm is boosting its quarterly dividend the company will boost the payment by 16% to 25 cents a share that's up from 21 and a half cents.
Bob -- also announced a new four billion dollars stock repurchase program.
Now let's get the latest on weather from meteorologist Maria Molina in our Fox Business by the center -- Maria.
And hey good morning -- -- good morning everyone -- -- -- the weather today will cooperate for voters as you head out the -- of throughout most of these Super Tuesday states for today the only one that's gonna be a little bit tricky.
-- -- state of Idaho that's what we do have some rain and snow showers -- in the lower elevations.
As in the higher elevations could see some light accumulating snow fossil of course is taken easy on the roadways.
So you make it out there safely otherwise central plains today relatively quiet very warm.
And limit on the windy sat across the central and southern plains and as we head for the -- to the east.
It's going to be very quiet out there from the northeast down in the southeast and take a look at some of these warm temperatures there in place across a -- -- 624 year -- will in Chicago.
Starting -- feel like spring out there out and I you're gonna warm -- this afternoon to 61 degrees.
And across north -- gonna be a cool day but those warmer temperatures are headed east so -- and we're gonna start getting warmer tomorrow into affairs and.
I would like to see that in the sixties thanks Andrea -- Let's take a look at commodities now -- gold of both down Imus in the morning continues right now on Fox Business.
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