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Got earnings in from McDonald's the companies reporting a profit of a dollar 23 cents a share that matched to -- -- -- Revenue came in at six point 55 billion dollars those slight beat the estimate there was for six point 54 billion.
Meanwhile General Electric beat estimates with its quarterly results on both the top and bottom lines.
GE earned a profit of 34 cents on an operating basis that's a penny more than expected revenue -- 8% from a year ago to 35 point two billion dollars.
But also topped the 34 point seven billion dollar estimate.
GE says it's on track to deliver double digit earnings growth in 2012 promote industrial businesses.
And GE capital.
Honeywell meanwhile said its first quarter profit rose 18% from a year ago to one dollar four cents a share.
Five cents above the street's forecast revenue climbed 7% from last year to nine point three billion dollars topping the forecast.
Of nine point 15 billion.
Honeywell's also raising its 2012 earnings guidance to between four dollars 35 cents and four dollars 55 cents a share.
Analysts are looking for four dollars 44 cents.
Let's take a look at the markets now.
Here's the US -- have been in the -- across the board all morning Dow futures are now up by sixty to the S&P -- up by six the nasdaq's up by eleven.
-- over in Europe German business confidence unexpectedly rose for a sixth straight month.
Stocks there are in the Green across the board London's up by nineteen Paris up by thirteen and Frankfurt's up by sixty.
Now let's take a closer look at why would director of sovereign risk -- IHS global insight.
-- Randolph over in London -- -- as we said German business confidence rose for sixth straight month in April what does that do for fears or recession there.
Well it sort of reduces the risk go for a technical recession Jeremy Jeremy went into.
Negative contraction in the fourth quarter last year.
And -- banking and hoping that the the -- -- -- being the locomotive economy in Europe.
Can stage a recovery.
Many up full costing this -- media.
Will be -- -- based recovery but had been hit by the strike on in China.
And also for months the recessions in Southern Europe finally arriving -- -- -- And young is this boost confidence for the region in general or is does it Germany always sort of in its own category.
Our Japanese terribly important to the equation.
All of anything happens in Europe particularly the the economy it passes locomotive ability.
German industry has -- supply chains were extended to east and Europe the countries around it.
-- Jeremy growth it tends to have a locomotive ability to lift everyone else up.
-- -- -- -- -- Countries struggling in the -- -- Europe because they need an export sector up to help them let them talk about a recession while they undergo fiscal austerity.
And on that -- -- -- you know in France we have the president election coming up up presidential election coming up this weekend.
How close are investors watching that race and why is it's so important to the economic a situation there.
It's terribly important because and the the whole Euro project.
Has been managed essentially by the Franco German engine.
The leadership of I'm but Merkel and Sarkozy.
Now we have a change -- not that Jewish leadership.
But -- On the -- it could change the kind of way and -- -- managing the crisis.
We know that the the socialist contend -- have a more growth foreign trade -- Central Bank.
And general policies within with -- Europe.
A -- emphasis on austerity.
So it's very important that the live Franco German partnership continues to work whoever's in power.
-- -- ran up from IA -- global insight thanks so much down.
And -- fourth Goldman Sachs employees reportedly under investigation in connection with the insider trading case.
Of gallium hedge fund founder Raj Rajaratnam according to the Wall Street Journal the head attorney representing former Goldman Sachs director rajat -- Has been told federal prosecutors are looking at whether that employee gave -- -- and information about two public companies.
-- -- with convicted last year of trading on information act -- is accused of giving him.
That does lawyer didn't name the Goldman employee and the journal says is unclear.
Whether the person is still at the company the Paper said the new developments could help -- his defense by raising questions over who gave rajaratnam information.
-- -- has denied any wrongdoing and is scheduled to go on trial next month.
Congressman Paul Ryan tells Fox Business congress will probably pass a continuing resolution.
To keep the government running allowing it to spend nineteen billion dollars more than Ryan calls for in the house passed budget.
That's after a key senate committee agreed to authorize government spending levels for fiscal year 2013.
At the amount agreed to in the budget deal last year Bryan tells our rich -- he expects Republicans to avoid a budget showdown before the fall election.
And fight -- spending battle during a lame duck period after that election.
Here's a look at commodities now oil and gold are both of like the markets.
We see oil by 78 cents around 103 a barrel gold is a little more than six dollars at 1647.
Imus in the morning continues right now on fox business and giving you the -- across.
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