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Visa Drops Global Payments After Card Attack

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  • Description

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

  • Duration 5:02
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This transcript is automatically generated

This is this Imus in the morning.

On the following.

Good morning everyone Cody is offering to buy Avon for ten billion dollars the deal breaks down to 2325.

Per share Cody says it decided to go public with a proposal after extensive attempt to negotiate with the struggling beauty products company proved unsuccessful.

The company as it has no intention of pursuing a hostile acquisition.

And is prepared to consider a higher offer Avon has been reassessing its long range business plan after struggling in -- -- global economy.

And shares are currently higher in the premarket.

Speaking of market let's take a look at -- investors are reacting to conflicting PMI data from China the government report showed its index rose to a one year high last month.

While -- HSBC report showed it fell to a four month low here in the US futures are fairly flat -- -- Dow futures down by seventeen.

But the S&P only down by one the -- down by about two.

Over in Europe we also saw the unemployment rate for the euros on climbed slightly in February to ten point 8%.

Stocks there are currently in the -- also not by much.

-- down by about one point -- Paris is down by fourteen and -- down almost three now let's take a closer look at what's moving those markets the Dow Jones senior correspondent.

-- -- over in London -- we some manufacturing activity there and expand at the fastest pace in ten months last month.

What is gonna do as far as fears of recession there to this -- them.

-- -- probably does come them a little bit I mean it's amazing though that the UK CBD so it's better when you look at the rest of the Euro -- is either that there PMI numbers it was still pretty announced his best in some countries such as Spain.

-- you've got to remember that it -- being that well at the moment.

Is still closely tied to the euro's -- so.

The eurozone to strike about if that if they continued recession.

And of course keep talking about the eurozone unemployment record high for the eurozone in February what you take on that.

Well it's not surprising when you actually look at the -- -- -- the economies and again look at the Q the policy -- numbers in the that the whole region for the most -- is still a very much in recession and it's in a pretty bad shape -- And you know going forward have whether he'll be -- to see exactly what's to be done they may have got Greece's they up put together.

They may have actually -- get together that yup funding program known as the -- -- stop contagion outside Greece.

But look at the -- to Spain.

That put -- austerity budget that's gonna see a lot of growth in that country and already on the needs.

Alright -- -- -- -- coming up based on based on what what's at play right now I think coming up that could really boost investment confidence in the area.

Businesses save -- very much to boost investor confidence in the area told that have to look actually -- side of the ocean because that's only place at the moment things are looking.

Sort of -- out.

Currently got a good first quarter at least -- -- That's it.

And these says job global payments from its list of approved service providers following -- cyber attack on the company's processing systems.

Global says it -- less than one and a half million credit card numbers were stolen and that the attack is confined to North America.

The data breach was first reported on Friday by computer security and cybercrime blog that said -- attack it affects more than ten million cardholders.

Global says the -- still attract two data which would allow them to transfer account -- To magnetic strips on fake cards emergence fend -- the use of those fake cards by asking for the CVB code that's the four digit number.

Usually found on the back of your credit cards the company says cardholders names addresses and Social Security numbers were not compromise.

Shares of -- -- down 10% in the premarket after that company said its fourth quarter results were weaker than first reported.

The company says the results were altered because it had to increase the amount of money it set aside for refunds.

Group on revised its earnings to loss of twelve cents per share from the previous eight cent loss.

While revenue was lowered from 506 million dollars to 492.

Million.

Now let's get the latest on weather from meteorologist Maria Molina and our Fox Business weather center -- Maria.

Hey good morning banning good morning everyone today we're expecting a very warm day out there across the southeast and also set out of the country take a look at the highs for today if any as -- Kansas City -- it's gonna be Miami across South Florida so eighty degrees from both cities.

As far as high temperatures go 86 will be your -- and -- and little five over in Dallas Texas now as far as any rainfall -- early this morning we could get -- -- to our.

Early across parts of southern New England the most -- clear out earlier on today's gonna get sunshine across northeast but the wind will also be picking up -- keep that in mind if you're doing any traveling in that -- the -- to -- that's over thirty miles per hour at times possibly some delays.

Otherwise across Iraqis are picking up some light snow across parts of Wyoming and also that there.

And we're going to be looking at that system headed eastbound producing a risk for severe weather across the plains large hail damaging wind as an isolated tornadoes possible -- and.

-- -- -- -- -- -- -- -- -- -- -- Let's take a quick look at commodities oil and -- -- down Imus in the morning continues right now.

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