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This is this Imus in the morning yeah.
On the Fox News now.
Around the world are in the red after Federal Reserve Chairman Ben Bernanke disappointed investors looking for a clear sign.
-- more stimulus further from the Central Bank.
Here in the US futures are in the red across the board Dow futures are down by four UBS and -- down by about five and the NASDAQ down by seven.
-- here at Dow Jones is reporting that eurozone official says the region's finance ministers.
Will likely hold a teleconference on Spain this weekend but there's no decision yet on timing amount or form of any aid to that country this follows a Reuters report.
Setting a senior European Union stores that Spain is set to request a financial package for its troubled banking system.
But -- reiterated that nothing will be decided until audits are complete and stocks there.
As you see in the red across the board London fell by 35 Paris is down by about 23 and Frankfurt's down.
About 34 now let's take a closer look at what's moving those markets with Dow Jones -- senior correspondent nick Hastings over in London nick.
-- -- is reporting that European finance ministers will likely hold this teleconference over the weekend.
Talk about Spain what do you expect come out of that if it does happen.
Well any you know a couple of days of the monks and speculating that basically in the news you know aren't coming together.
But this is -- on -- disappointment I think that's.
Come on already of course -- itself has -- say don't expect -- -- -- We -- waiting -- that only from the but -- -- on Monday its expects that the in his books that you billion you know those -- just look back.
-- not for the whole of the Spanish banking community so.
Is that of course takes -- nights and -- downgraded.
Spain nearly all the way down to -- And that's made matters even worse despite being out there and actually raising funds so what -- looks like hair is that kids aren't coming to a head and this is in the the use of finance and this is -- -- -- recognizing by the fact that they getting together and thinking we may have to do something we may have to be pretty fast.
And and they -- be Bernanke comments we keep seeing this where officials come out saying the economy's picking up or isn't bad enough she needs stimulus.
And the markets tank is it dangerous -- all that investors -- to become more optimistic.
About the prospect -- stimulus or bail -- and the possibility that the economy might be able to bounce back without them.
A couple of things have personal Bernanke's -- -- in this ECB did exactly the same thing.
-- drugging and in this week's suggests the use and the need anything just yet there -- actually doing this for a couple reasons certainly that Charlie -- Politicians in the process to actually continue.
It they've fiscal reforms that certainly -- fiscal reforms that's can also I think in Bernanke's -- ask you really care plan ahead of the November presidential elections.
-- And also the -- they wanna keep their powder dry in case everything goes completely you know crazy with the Euro zone debt crisis but it didn't let China come in -- -- Chinese can't.
Anybody -- well that's great in the to hold on a second why is that during that.
That got a whole pile of data coming out of Beijing this weekend that could suggest that sell -- China is worried about what it's cut its interest rates.
And that's why I think the markets are all of a sudden on little things on -- hot and.
You know -- really Kenya look at the prices of commodities that tanking this morning and that's not good news that's just everybody's worried about global growth.
These markets will be hard to please that's for sure nick thanks so much for being on we love having you think you.
And we have some breaking news or you might notice the -- earlier today we're waiting same store sales from McDonald and now here they are the restaurant chain is reporting global same store sales rose.
3.3 percent from a year ago in the US they were up four point 4% and European sales were up two point 9%.
And some more news for you -- Chesapeake Energy this time the company has announced plans that it's selling its midstream assets in three transactions.
For cash proceeds of more than four billion dollars Chesapeake says it will sell its limited partner units and its general partner interest.
In Chesapeake Midstream Partners that may be a topic of conversation today when executives meet with investors at the company's annual shareholder meeting.
-- Chesapeake has been dealing with the challenge of falling natural gas and oil prices.
It's also face a number of internal issues on Monday for example the company announced that four directors would be replaced by shareholder represented.
Following pressure from the company's two largest investors Carl Icahn.
And south eastern Matt asked in a southeastern asset management ago shares have climbed 8% since then but they are down roughly 20% year to date.
The -- question raised about CEO Aubrey McClendon.
Following a Reuters report about how closely he makes is the company with his own personal and financial interest there will be a lot to discuss.
At that Chesapeake shareholder meeting today we'll keep you posted on that.
In the meantime let's take a look at commodities oil and gold have been on the downside all morning as a casings mentioned.
Oil is down.
By about two dollars and 82 cents 82 dollars a barrel there and gold is down by about five bucks trading at 1582 -- coming up this hour Imus is guests will be National Geographic wildlife expert -- and you -- And I very reason pretty cool animals on Imus in the morning continues right now.
On Fox Business taking.
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