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Polls Open In Wisconsin

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:59
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This transcript is automatically generated

This is they.

Imus in the morning program on the Fox Business.

Morning anyway let's -- things up by taking a look at the markets here in the US futures are fairly flat this morning we're seeing Dow futures.

Exactly they're waiting to see whether it can turn into green territory for now S&P futures and the NASDAQ are still.

In the red over in Europe Treasury Secretary Tim Geithner is holding a conference call the G-7 finance ministers and Central Bank governors to discuss the European debt crisis.

The UK market is closed says that diamond Diamond Jubilee holiday continues but that's in Paris and Frankfurt -- mixed.

But Paris up and Frankfurt.

Down now let's take a closer look.

At what's moving those markets with CMC markets analyst Brenda Kelly.

Who joins us by phone from London Brenda there's a lot of uncertainty in Europe with Greece Ireland and Portugal under bailouts Spain's -- a potential banking crises Greece can't put a government together so is there anything that could come out of today's conference call.

That could boost investor confidence in the region -- -- best case scenario.

Who I think it would be are quite unusual the -- -- what part to collect assistant -- other meat at the end of the daily I hate.

-- -- -- -- One -- Spain aren't permanent they will -- as the ask dot Oprah.

Yes they have a bit about the air act facial the market.

So either become look at them and where -- a a compete better.

Unification of eurozone which account -- up -- -- happened today -- -- decide as a bit different I replied that LB I suspect in the car coming as paying not.

At ECB can do or she is calling our interest rate -- but I I don't.

I thought well we expect market.

The fact that -- -- and they had is that debt crisis and I spoke to quite.

Or -- -- -- So for the time being I would expect they started I have.

-- -- -- will continue open until.

After the Greek elections which are on alert eyed Charlotte taking a moment.

And that's a pile on the bad news here Brenda but -- in new UK markets.

Have this holiday they've been closed for two days but they've also been downgraded in the midst of that -- so let's have a reaction do you expect when trading resumes there tomorrow.

Well I would expect that -- that will address commodity wouldn't get currently jealous but I would actually would now.

He's so he's connecting audacious -- -- data coming -- a bit lower than expectation the well -- I don't Wear pretty much disperse it to the to the -- what it can't downgrading the U -- -- -- accurate number.

Well I think in the way it is good that the all are what we're looking at one of the three major ratings based -- -- at -- -- Oh I would say we would be are much it was caught note all of that court to get that -- -- -- bitchy at stake which -- -- don't expect to happen.

At one hold my breath -- that Brenda Kelly live from CMC markets in London -- and and voters in Wisconsin will head to the polls today to decide whether governor Scott Walker gets to keep his job are on Jeff Flock is in Beloit Wisconsin tracking the latest developments there at -- So doesn't look too bad for walker it seems.

Well I think if the polls are right you know and none of the polls have shown him behind he will hold onto his job which -- never know.

It is have been remarkably contentious election -- polls just opened in fact -- just -- more voters head in the first voters kicking it off here at this hour.

In Wisconsin now let's start with Scott Walker you know he is saying is talking about Europe.

He's saying we're doing the things we need to -- Wisconsin now also the we don't turn out like Europe.

We're taking on the public employee unions were making.

Folks pay more to their pensions and more to their health care we're getting our budget under control that's a message he's sending out.

-- saying don't go backwards and he believes as well that this message can resonate across America that this is what needs to be done.

On the other and you got Tom -- the democratic mayor of Milwaukee Wisconsin who says this man has divided this state he called yesterday at a at a stop at one union meeting he went to.

This is America's civil war this is what Scott Walker has started here I want to bring people back together.

I wanna be reasonable and bring everybody together and not have this tremendous division -- we've had in the state now for fourteen months.

It's the seventh election Diane and -- past fourteen months you know some of these countries that never get to go to the polls -- election.

Wisconsin voters -- seven elections in fourteen months.

Welcome to America.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Here's a look at commodities now oil and -- a -- oil down by about 36 cents while gold is up about five bucks.

Coming up this hour Imus is guests of -- and you -- -- love Fox Business you won't want to miss that as Imus can.

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