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Fears of Greece Departure From EU Dropping Markets

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  • Description

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

  • Duration 5:06
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This transcript is automatically generated

This is there.

I'm as little -- program on the Fox Business Network.

Good morning everyone let's take a look at the markets right now here in US futures -- been in the red across the board all morning Dow futures are down by 77 ESP's down by nine.

And the nasdaq's down by seventeen.

Over in -- leaders are gathering today in Brussels to consider -- French proposal to have all eurozone members underwrite bonds.

Former Greek Prime Minister Lucas Papademos also -- Dell told Dow Jones.

That the countries considering preparations to leave the eurozone stuck there are in the red across the board as well though off earlier lows.

London is down by 97 Paris is down by sixty board -- it's down about one on nine.

Now let's take a closer look at what's moving those markets with head of trading for ETX capital Joseph Rundle over in London -- These comments from the former Greek Prime Minister at a shaking the markets this morning is -- Greek exit becoming more and more likely.

I think it's becoming more more -- about not the first time we've seen this there's definite change from.

Politicians -- ECB that I Shiite Sunni talking about this -- that may happen I think is more designed.

To -- the Greek public into pricing.

Full year in the upcoming elections.

And big Greek financial situation obviously will be front and center.

At today's EU meeting what do you think will come of that.

-- I think there's going to be huge pressure on Germany to two.

If she year bundle to backyard bonds -- -- -- it's a simple as that I'm.

It's gonna take to change in German constitution -- that -- night time is not a short term fix your bonds I think it's a last resort.

When the backs against the wall that they might start become -- realism.

And -- you're saying that all of this talk about the degree to exit might just be a strategy to get the Greek people.

To sort of be more productive with their elections this time around you think that'll be an effective strategy.

Yeah I think it well I think chemistry had a full people in Greece won't speak hottest year on I think they -- politicians are saying.

But if you don't wanna be if you wanna be out of the year are you gonna have to may accept the consequences of those consequences are going to be attract my massive devaluation and -- really.

Really shaky economy so I think it probably will be an effective strategy.

My name is almost last charms play by the ECB and the politicians.

Right that's Iran Hillary -- capital in London thanks so much -- And -- -- shares are falling in the premarket again after senior NASDAQ official reportedly admitted the exchange would have stopped the company's IPO.

If -- had known how bad the problems in its systems were that hinder the stock's debut.

According to the Wall Street Journal NASDAQ set of transaction services Eric -- told brokers yesterday the exchanges assessment of the problems that delayed -- trading debut Friday.

-- incorrect this comes after -- but shares fell another 9% yesterday down more than 20% since Friday.

The journal says sentinel claims high frequency trading firms had no role in the problem.

And that NASDAQ can't promise customers they'll be repaid for losses from the IPO blunder.

But one investor is taking matters into his own hands suing NASDAQ over what he calls the mishandling a FaceBook stock offer.

Morgan Stanley is facing its own backlash over the Facebook's IPO debacle the company's been subpoenaed.

By Massachusetts secretary of state William Galvin regarding one of the bank's analysts.

-- certain investors about his lowered revenue outlook for FaceBook ahead of the offering.

A spokesman for Morgan Stanley was as a lead underwriter for Facebook's IPO says that follow the same procedures it follows for all IPOs in that they were in line with regulations.

He also -- significant number of research analysts reduced their earnings views on FaceBook to reflect the companies may ninth regulatory filing on its business trends.

-- brothers' latest earnings beat forecasts thanks to rising sales the luxury home builders says it made ten cents a share in its second quarter reversing a loss from a year ago.

Revenue jumped 17% from a year ago to nearly 374.

Million dollars.

But that came in below expectations.

Still the company says the results indicate the housing market recovery is on track.

Now let's get the latest on weather from meteorologist Maria Molina enough Fox Business -- -- -- at least in the east we've been seeing sunny weekends.

Rainy weeks I'll take -- in that order we looking at the same prospect.

Yeah I'm pretty much it looks -- already have another pleasant Memorial Day weekend coming up here for us that's -- big news for our and it's going to be doing some barbecuing.

But first we're gonna have to deal with those rain showers and even possibly some thunderstorms are going to be seeing.

More of that today although the when most of the -- activity -- the heavier stuff is gonna say south of New York City.

Into parts of the mid -- in the DC Baltimore area ash into portions of the eastern Carolinas that's we're gonna see some of the heavier precipitation from this lingering storm system that continues to bring in.

Some humidity into our region.

Otherwise Atlanta you're drying things -- -- some sunshine high 83 and also into the low eighties in Chicago and day and Memorial Day weekend out in the Ohio.

River valley area's going to be extremely warm into the ninety's out there.

Our right enjoy the sun everybody thanks Maria -- -- take a look at commodities oil and gold are down Imus in the morning continues right now on Fox Business.

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