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Walker Wins in Wisconsin

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  • Description

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

  • Duration 5:32
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Imus in the morning.

On the -- Good morning everyone let's start by taking a look at the markets here in the US futures have been in -- across the board sharply.

This morning Dow futures are up by triple digits yes and -- up by thirteen in the nasdaq's up by 26.

Over in -- are waiting to hear from the European Central Bank is expected to leave its main interest rates.

Unchanged at 1% the UK market is back in trading following the queen's.

Jubilee holidays we'll be watching what they say closely London's up by 75 Harris is up by 59 and Frankfurt's up 100 now.

Let's take a closer look at -- -- those markets with BGC partners David Buick over in London David.

We have this interest rate decision coming out later this hour we're not expecting much action terms of the rates himself.

But what do you think well here as far as any stimulus and -- are concerned.

-- -- -- drug he's been very clear in his thinking that it's not his job to dictate policy and he was clear from the politicians of the European Union I agree with you -- leave rates unchanged where they are.

But I think you're just leave quite a touch and stern message saying -- -- yourselves out.

Carry your act together tell us actually what you want and I'll implement it it really isn't his -- to discuss stimulus policies.

I also you know in terms of -- whether it's going to be more -- of easing.

You know what kind of bonds are gonna buy in -- -- -- He needs to take construction she's -- pretty clear about that well she's got his instructions I think he's a very incisive.

Very -- minded thinking person.

And I think he's gonna prove given the options should be an outstanding person to these -- And I'm not know David you said he wants to hear more from the European Commission.

That commission is set different photos you know more steps towards bank regulations and even maybe a step towards.

This bank union that everybody keeps talking about what's your take on that.

Well I think you know one of the things that should the European Union -- -- -- has been totally consistent with them recent months is do nothing.

And are getting to situation with the gravity of the banking situation.

And Spain where you know longer over the weekends we were told that another forty billion euros was required to recapitalize the Spanish banks.

-- real -- which was just really feeding on a trip trip basis.

For Moody's saying that they downgraded it took look for eleven bags and Austria and in Germany one of which was college prank.

I don't think actually that is too serious but I think it's just indicative of the problems that are growing and becoming more more insurmountable as time goes by.

So I can see the possibility of all of a 41 for better expression a banking system -- Where only.

Bad loans and everything else is.

Cremation put into one horrible shows there's -- back to recapitalize so that they can get on with the business of lending -- but that of course leads to a more federal Europe.

And we are and we have seen in recent months.

A -- more nationalistic approach to life Greeks like being Greek Spanish I've been spreading -- I think Germans French -- being rationed so.

So it's a very big toward.

Certainly chancellor Merkel holds the -- to the kingdom because she's gonna provide most of the money or any kind of a bailout whether it's a bank bailout or government bailout.

The bush therefore she really estimate the prime decision what she's prepared to go along with what she thinks -- can get away with.

With the German people.

As well because knowing that there's an election next chair.

Coupled with the fact that we don't really know the -- of -- while -- Jibril we do know is that -- voted for no change because they just love being in the public sector.

Yet definitely seeing that a lot of these proposals involve these countries changing their perspective so we'll see how they handle all that David Buick from BDC partners thanks so much David.

-- And Wisconsin governor Scott Walker has survived the State's recall election becoming the first governor in US history to do so fox business's Jeff Flock.

Is in Milwaukee now with the full wrap up of this closely watched race and Jeff how are people reacting to that there this morning.

Hot -- I think there's genuine surprise -- a lot of circles this morning you know those green arrows that you mentioned on Wall Street a lot of people think that is partly the result.

Of what happened here yesterday take a look at the numbers -- I think -- the only described Diana is a stunning victory.

For Scott Walker you know one -- all those protests here at the Statehouse the occupation all that sort of thing so people may have thought that.

You know everybody wanted to throw the governor out well.

Perhaps not so -- yesterday the lieutenant governor Rebecca clay -- just couldn't resist marketing back.

To those protests was.

You know they're not -- Democracy in full flower Diane and we will be with the governor here making a public appearance in about two hours' time we'll have a live here on the Fox Business Network which -- How are I love -- enacting some copycat it let.

Here's a look at commodities now oil and gold are to the green just like the markets.

Imus in the morning continues right now on fox.

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