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FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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-- -- -- -- -- On the fox -- Good morning everyone let's see how markets are doing here in the US because have been in the red across the board.
All morning Dow futures -- down by 71 yes and he's down about -- in the nasdaq's down about fourteen.
Over -- -- leaders are gathering today in Brussels to consider French proposal to have all eurozone members underwrite bonds.
Former Greek Prime Minister Lucas Papademos also told Dow Jones at the country's considering preparations to leave the eurozone.
Stocks in Europe are down across the board though off earlier lows London's down.
By about 92 Frankfurt's down by about 94 in Paris is down 55 now let's take a closer look at what's moving those markets without -- senior market analyst.
James Hughes over in London James but hearing Papademos come out today -- you -- talk.
Is more and more evolving on the possibility of Greece leaving the eurozone what -- the -- be if it does.
Was no surprise of course is he's going to be until a long time now that is some sense -- and we still will be Wieting into.
The middle of June until we hear anything about possible government being in place I mean.
What's gonna happen when it -- it -- if this does happen is of course the big unknown I think there's a lot of content of economy a economies trying to prepare.
For the fact that that Greece will eventually leave and I think.
-- that that Greece off off.
Considering what the possibilities of leaving that the Euro as an on again necessarily too much of a surprise -- would have of course hope that they would've been.
Thinking about these indices this whole problem started out two years ago so that -- a lot.
They still yet to go on with Greece in the year -- -- before we hear anything concrete about that but of course.
What could happen is that he could cost trillions and trillions of euros to help by -- out the rest of the those of Europe and and the well if if Greece did come out says it is so much unknown about the Euro zone of the -- -- think.
We have to wait until it is a bit more concrete news about increased by you know these countries.
And it can't even if they don't leave the eurozone there's still no guarantee that they'll be able to implement their austerity measures as promised.
We heard from the German Central Bank today saying that the euros on.
Would manage even if Greece did -- implement its austerity measures what do you make about.
I didn't think it is the most this is just until -- -- we hear so much semi conflicting news stories and comments coming from pretty much the same people DC -- said the full.
That Greece have to for these austerity measures in Germany it's increased have to for these austerity measures.
In those cities as a party now threatening says to say we stay in the yours -- but we don't want to put these austerity measures in.
Now lives on the ACP and everyone else is saying well we promise that the euros and could come if there was no austerity that such.
She's very Dave Kovacs who to believe and and and what won't comment you'd be -- -- gospel more what comments aren't true this is so much.
This being said today's -- suits and really.
I had cut through all of that -- rubbish is coming out of that the Euro zone of the moment I think the only Tom we'll see anything concrete is -- governments in pricing grace and someone makes a decision whether Greece will be.
In or out of the eurozone at the same conversation who really took -- about Dick Greece defaulting on their payments.
They pretty much defaulted any why don't we have been told yes they have well -- they haven't oh yes they'll tighten the -- now another one type of -- out.
It's almost put your finger in the air and decide whichever one -- who have very easy want to listen to it.
They're just trying to make sure you're awake and that you have work to do -- -- that now.
Absolutely nothing for -- -- James Hughes from London I think that if he gains.
And -- getting earnings came from American Eagle -- the company is reporting a profit of 22 cents a share that beat the estimate.
Efforts whiny sense revenue came in at a match.
That was at 719.
Million dollars exactly what the expectations.
-- Meanwhile FaceBook shares are falling in the premarket again after a senior NASDAQ official reportedly.
Admitted the exchange would have stopped the company's IPO if it had known how bad the problems in its systems work.
That hindered the stock's debut -- now actually climbing a little bit higher maybe some -- FaceBook shares today we'll keep an eye on them but.
According to the Wall Street Journal nasdaq's head of transaction services Eric -- told brokers yesterday.
The exchanges assessment of those problems that delayed Facebook's trading debut Friday were incorrect.
This comes after FaceBook shares fell another 9% yesterday down more than 20% since Friday.
The journal says that in all 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 that IPO blunder.
-- -- a look at commodities now like the markets oil and gold have been down.
All morning we're now seeing oil around 91 dollars a barrel of all of that 1560.
Announced.
Coming up this hour -- is guests will be Fox News contributor body Jonathan Morris.
Imus in the morning continues right now on Fox Business.
