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Imus in the morning program on the fox -- Good morning everyone markets around the world are getting a boost today after news of a support plan for Spanish banks.
Here in the US futures are up across the board Dow futures are up by 56 the S&P is up by five and the nasdaq's up by about twelve.
-- -- euros on finance ministers agreed to lend Spain up to 125 billion dollars.
To -- crippled banking system stocks there are also in the green across the board.
And now let's take a closer look at why with European markets.
Index analyst market analyst Chris -- champ over in London -- Jim I'm sorry Chris.
Goldman Sachs seven bail out as a positive short term development but doesn't -- all -- Spain's overall fiscal and macroeconomic challenges.
What do you think would solve those challenges what what are analysts -- really looking for.
I think what -- look at voice signs of real economic improvement both from the labour reform front and British in confidence below we've seen certainly.
-- -- fading of the euphoria in London.
Throughout the morning as people realize actually -- -- sole -- underlying problems with Spain's economic situation.
I -- the bank also criticize -- for continuing to address the sovereign debt crisis on a country by country basis rather than at a systemic level that isn't.
Merkel is trying to do with the fiscal compact Chris.
I think that's the case him to sort of do with the situations as their eyes are really -- -- signify a funny -- from one place to another and already.
Discusses his -- about -- Italy is the next domino to fall in the system.
-- wanna touch on you know with that idea that now Spain is done.
Now the focus shifts to Italy not to mention -- on the Greek elections coming up what is ever and.
It seems difficult to work out where it will actually come to an end of the present -- because -- -- -- always the biggest home which is strong so really.
We haven't been to stop the crisis at any point as an -- isn't just continues to rumble on -- one target to the next.
All right that's Chris beat him from IG markets over in London thank you so much -- And apple is set to unveil its latest offerings today at the company's worldwide developers conference fox business's Adam -- in San Francisco pretty event.
-- -- are we expecting any big reveals this time around.
We are expecting big reveals that uses event do that in the past take a look at some of the more than 5000 people are expected to take place take part in this event today all week actually the developers conference these are the developers the young men and women who write the software for the applications that you use on your iPhone in your iPad now.
This is also about money investors are going to be looking for signals here as to why they might want to continue investing in apple.
And one of the things they'll be considering is the fact that there are 600000 applications right now on apple mobile devices vs Apple's big competitor of Google the android operating devices.
The -- 505000.
These men and women will tell you it's much easier to work with apple.
It's much faster to get an application onto an apple mobile device and -- some of what they'll be doing inside they'll be bringing their latest and greatest discoveries and inventions to apple engineers they'll be working with apple engineers they'll -- networking with one another.
And they'll be trying to figure out how to bring another application to and I products some of the announcements we expect as you mentioned.
The IOS six operating system for mobile devices the Mountain Lion update to Mac operating computer systems also some hardware -- -- about Mac computer operating systems no one's expecting the big announcement about apple television but there could be a surprise but it boils down to dollars and cents the reason you have more than 5000 people here.
For every dollar they generate revenue from an application on an apple device according to -- the analytics firm.
You'll make 24 cents on an android operating device a lot of these people designed for and solely.
Apple mobile devices may be later they go to android but it's still apple -- the big game in town.
-- very -- staying out of -- live from San Francisco thanks Adam.
And former Goldman Sachs director -- good -- will not be taking the stand during his insider trading trial.
Good his main lawyer informed the judge of the disease in decision yesterday just one day after saying it was highly likely his client would defend himself.
The trial resumes today -- -- lawyers will continue to present character witnesses to establish -- -- the 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 -- Roger -- in 2008.
Group does lawyers say.
The government -- -- circumstantial and speculative case.
Here's a look -- commodities oil and gold have been to the upside all morning -- -- up by 87 cents around 85 dollars a barrel.
Gold is up about three bucks at 5094.
Imus in the morning continues right now on Fox Business.
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