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Spain Bailout Boosting Global Shares

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  • Description

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

  • Duration 4:58
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This is this Imus in the morning.

I'm on the -- Everyone that's around the world -- getting a boost today after news of a support plan for Spanish banks.

Here in the US because -- -- in the green across the board all morning Dow futures are up by 81 the S&P -- up by eight.

And the nasdaq's up by seventeen over in Europe euros on finance ministers agreed to -- Spain up to 125.

Billion dollars to shore up.

It's banking system and markets there are in the green across the board.

The London and -- are up -- both about forty points while Frankfurt's up one on nine and now let's take a closer look at what's moving those markets with rob a bank.

International senior currency strategist Jane Foley over -- Monday.

Over a pretty major wound.

But perhaps there have been about it wouldn't be the end of of Spain's problems are definitely be the end of the Euro zone crisis -- -- but.

It doesn't and that -- that space and time what it does it means that the banks will have money -- -- And hopefully it will stop or trying to say -- case.

A capital flights I have to Spanish banks -- -- the biggest recently but that could be as quiet -- that but that will be more problems that got the Spanish government.

And the next few months we'll look like he had come to it comes to mind.

Well and it seems to be the consensus is this is more of a temporary sigh of relief spending a permanent solution but I wonder with Greece's elections coming.

Right this weekend is that gonna render this side every week even shorter than it would have been otherwise.

And it depends on how you look at it some people are saying that this survey that does tried -- to Spain to some degree from the contagion from Greece.

I'm not going to view it doesn't mean that -- -- fat -- be the case and is more likely that Greece will be enough to go days and -- potentially after the system.

But that is -- at one school are still many people still believe that that Greece has the capacity to to create a huge amount -- and and contagion through this system.

And that's what Greece has to remain in the systems that.

It's very very difficult to know what what happened with Greece seven election so good to be -- place from thing.

By -- conservative new democracy and then left wing.

At -- is still running very neck and neck -- -- that opinion polls says it's very difficult to know what what happened that next week in the in the months.

-- to that as a result of the -- connection.

Right that Jane Foley live from -- -- -- in London thanks Jane.

And apple is set to -- -- latest offerings today at the company's worldwide developers conference.

CEO Tim Cook is expected to debut new iPhone and iPad software the IOS six.

Beauty killed -- known about the software or when it will be released but the company has traditionally made it available when new iPhone model hits the market.

-- is also expected to show -- updated versions of Mac computers including.

A new MacBook Pro and the new MacBook Air those devices are expected to feature Intel updated processors.

Which are faster and use -- power as for the long term rumors apple TV it's not expected to be a topic of discussion at today's conference.

But apple fanatics and Wall Street will be listening closely for any signs about it.

New figures are shedding more light on FaceBook and it struggles with growth according to the Wall Street Journal data from the research firm comScore.

Shows that US visitors to the -- climbed 5% in April from last year.

That's down from 24% growth last year and 89% -- -- points and it also marks the website lowest user growth rate since comScore began tracking data.

In 2008.

Amount of time people are spending on the site is also growing at a slower -- A number of users she spent more than six hours a month on FaceBook was up 16% in April from a year ago.

As compared to 23% jump last year and 57%.

At this time in 2010.

Now these growth concerns have weighed on FaceBook shares which are now down nearly 29%.

Since the company's IPO last month.

Former Goldman Sachs director -- who don't will not be taking the stand during his insider trading trial.

-- -- main lawyer informed the judge of the decision yesterday just one day after saying it was highly likely his client would defend himself.

The trial resumes today group does lawyers will continue to present character witnesses to establish him as -- trusted and valued employee.

Among other things -- is accused of leaking details.

About Berkshire Hathaway's five billion dollar investment in Goldman Sachs to hedge fund manager Raj Rajaratnam in 2008.

-- -- lawyers say the government has a circumstantial and speculative case.

Here's a look at commodities now.

Oil and gold are up at the moment oil's up by about eighty cents hovering around 85 dollars a barrel the bulk -- the -- at 1592 an -- Coming up this hour -- this -- guest will be Michael -- of the New York Post.

Imus in the morning continues right now on Fox Business.

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