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U.S. Foreclosures Rise 7% in March

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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 5:04
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This is this Imus in the morning.

On the farm -- Good morning everyone let's take a look at the markets here in the US features have been in the Green -- morning Dow futures are up by 44 the S and -- up about six in the nasdaq's up by twelve.

In Europe Italy sold three point 78 billion dollars worth -- three year bonds with the yield of three point 89%.

That's much higher than -- mid -- sale they came in at two point 76%.

Markets in Europe are currently makes London's down by four Paris is down by about eight but -- up by about 36.

Now let's take a closer look at what's moving those markets with -- global insights director of sovereign risk down -- in London.

-- on Spain's economic ministers warning that surging borrow look borrowing costs.

Will be a big problem for the country -- they continue how hard does this make it for Spain to rally support behind its austerity measures and cut its debt.

Well be rising borrowing costs is it's hard for anyone but particular full Spain and Italy.

That that you you flash points particular Spain.

-- what we've seen is that borrowing costs edge up by about 1%.

Compared to the lows that were reached off to the ECB action.

It just makes it more difficult have to pay more interest on that that.

Are having -- that -- that isn't particularly high but it really has pulled growth outlook.

And -- desperately.

One of the big stress plan to keep hearing about is investor confidence.

We feel like this how these countries go about boosting that sentiment that they need.

While there's that risk aversion out there at the moment when -- -- of it files the Euro that is concerned.

-- -- these debt situations they walk off concern but the real concern is where's the growth coming from.

It's he'd be stuck.

And how can you cut the fiscal deficit at the same time maintain growth.

So D'Alema shed a lot of countries look to Spain and Italy Netherlands thanks for behind Oracle's.

It is indeed -- all right thanks for that analysis.

-- And we're getting quarterly results in from Rite Aid the drugstore chains reporting a loss of eighteen cents.

There that was wider than expected.

The estimate -- for a loss of fourteen cents revenue came in at seven point 15 billion dollars that was -- beat the estimate there was for six point 98 billion.

And we'll get three big economic reports this morning weekly jobless claims are expected to fall slightly.

To 355000.

That would be down 2000 from the week before.

We also get a check on wholesale inflation from.

From march the estimates for producer prices for an increase of zero point 3% if you take out food and energy the estimate is for arrived at zero point 2%.

Both figured it'd be down from February and the trade deficit for February.

Is expected to -- to 52 billion dollars slightly down from January.

That all three of those reports at 8:30 eastern time and give them to US it is those numbers cross.

Meanwhile the number of homes going to foreclosure rose for the third straight month in March.

Realty track says first time foreclosure notices increased 7% last month from the previous month.

As banks stepped up efforts to take action against homeowners who failed to keep up with mortgage payments.

It's like five billion dollar multistate settlement with the country's largest banks in -- -- is paving the way for more foreclosures but overall foreclosure activity in March.

Dropped the lowest level since July 2007.

Google is reporting earnings after the bell today and analysts are looking for first quarter profit of nine dollars 65 cents a share.

Up nearly 20% from a year ago revenue is expected to rise to just over eight billion dollars one thing analysts will be watching closely -- advertising rates.

The fourth quarter the Internet giant reported an 8% drop in prices paid by advertisers every time -- users clicked on their ads.

That raise concern on Wall Street that FaceBook might be muscling in on that advertising market.

But we'll have those -- -- those results for you the second they come out along with complete analysis after the closing bell.

And we're getting earnings -- from fast and -- the industrial.

Production supply company is reporting a profit of 34 cents a share the estimate was for 35 cents that was a slight -- revenue came in.

768.

Point nine million dollars roughly in line the estimate was for 769.

Million.

And Anheuser-Busch InBev has emerged as the lead bidder for the Dominican Republic's biggest -- -- C and that's according to the Wall Street Journal says the 2.5 billion dollar deal could give the Belgian birth control as the -- which makes president de beer.

The journal says the transaction under discussion is a complex one.

Which would effectively partner AB InBev with group well Leon him -- -- which owns 84% of the -- Here's a look at commodities -- oil and gold have been mixed this morning renouncing oil up by 45 cents at 103 -- barrel gold is down by four -- At 1655.

Announced coming up this hour Imus is guests will be fox political analyst and co host of the 51 million.

Imus in the morning continues right now on Fox Business.

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