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This is -- 1000000 Imus in the morning.
On the fox.
Good morning everyone we're seeing a lot of Reading in the markets around the world today here in the US -- are down across the board Dow futures are down -- 95.
The S&P by eleven in the nasdaq's down almost twenty -- in Europe Spain sold two point six billion euros worth of government bonds at yields higher than in previous options.
And markets there are also in the red across the board.
London's down by 68 Paris by 45 and Frankfurt's down.
Triple digits now losing 127 point so far but let's get closer look at what's caused thing that downturn with Barclays wealth equity strategist.
-- Potts over in London.
Hank did ECB is expected to announce later this hour that it's keeping interest rates at 1% again what will investors be looking to hear from ECB president Rodney.
During a news conference after that decision comes down.
Well the truth that this age old problem the European Central Bank the -- obvious single monetary policy isn't particularly effective when you go.
Varying needs from different economies to -- Germany sounding out quite loudly about most often see the second -- rounds inflation coming through.
-- growth inflation coming through around about 6% the economy could be gone at 3%.
But the truth is the Euro zone in the hallways -- contract in -- -- this year.
Simple all right Jon -- is to our mind very accommodating.
In order to maintain what we're covering resale the moments -- -- -- change.
I'm the European Central Bank.
Remaining pretty pro active.
All right we also Spain bond -- coming in at the lower end of its target range with higher yields than previous sales.
How -- some are those results giving the other issues the country's been dealing with lately.
While spying has got massive issues to deal with fascia that panel to meet the fiscal colleagues -- -- -- Public spending is to highlight there is significant levels of public and private that within the system.
Unemployment the highest in the eurozone.
More than 23%.
It's an economy that's sinking into recession.
Expect contract by more than one and a half percent.
To -- so this year we gave needs if the government continues to position.
Austerity measures -- -- -- better chance -- -- most new fiscal targets this year so it's still too early to say definitively.
That Spain will require a buyout but you have to -- all we ought to Houston austerity measures and calm market amounts.
I will take that rights but I mean Hank thank you and and Mitt Romney has increased his lead in the race for the GOP's presidential nomination after winning three -- primaries last night.
But this is Peter Barnes has more from DC and Peter how solid is Romney's lead at this point.
-- Values tightening his grip on the nomination no question about it -- especially -- this trifecta last night Wisconsin Maryland.
And Washington DC is now well over half way to the 11144 delegates he needs to win.
The parties nomination.
The big prize last night was Wisconsin where Romney won without 43% of the vote compared to 38% first chief rival Rick Santorum.
In his victory speech last night Romney.
Trained his sites exclusively.
On President Obama.
Has pledged to transform America.
And he spent the last four years laying the foundation for a new government centered society.
I will spend the next four years rebuilding the foundation of an opportunity society led by free people and free enterprises.
Made a defiant speech yesterday saying the contest is just about halfway over and that he is not ready to quit.
Just yet especially not before the primary -- his home state of Pennsylvania.
In three weeks polls there show him with a slight lead over Romney.
Right now -- -- Peter -- live from DC thanks Peter.
Now let's get the latest on whether premiere August Maria Molina downstairs not box this is weather -- -- -- Hey good morning Dan good to see this morning and every one and we're tracking -- storm system -- yesterday produce a lot of severe weather across parts of Texas we received over 200 reports.
A severe weather and now the storm system is threatening to produce -- -- today from parts of Kentucky down -- in Louisiana and we already have a cluster of showers and thunderstorms producing very heavy -- around in New Orleans area where flash flood warning in effect because currently we have flooding -- on some of the roadways that's going to be a very slow morning commute for you guys out -- it -- -- story don't drive through any flooded -- on the backside of the storm system we have some cold -- that's what we're talking about snow coming down across parts of Colorado and northeastern -- -- so it's -- -- -- -- -- morning -- out here for you guys.
-- all those drivers are very careful angry -- thank you.
Let's take a look at commodities now oil and gold like the markets are down -- down by about 83 cents -- down almost forty about.
Coming up this hour Imus is guess the big Deirdre Imus and -- real Imus in the morning continues right now.
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