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Markets See Spain Bailout as 'Temporary Fix'

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  • Description

    FBN's Nicole Petallides breaks down stocks impacting the afternoon markets.

  • Duration 1:06
  • Date

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This transcript is automatically generated

Bank regulation that -- -- the -- stocks now every fifteen minutes.

The cult -- it is at the floor of the New York Stock Exchange when they're called what went wrong.

Flight one wrong it's just that the market and weeks and we took off to the upside and then gave some back obviously.

Coming off of those highs and now moving into negative territory yeah.

The traders.

They obviously note that last it was a great week here on Wall Street.

And now we -- and what is going wrong and Dennis you are right on this point for sure is that there's still major concerns about not only Spain but.

But also Italy and so that's -- things around here and that's certainly.

One factor that remains -- and remained every single day doesn't it we're taking a look here to energy names looking at at both.

Duke and progress and we're looking at these two names because.

They're merger has now gotten approval the Federal Energy Regulatory Commission approved.

The merger assuming that they can actually -- all the conditions and this is this actually came to to fruition on Friday's point six billion dollar deal and it looks like they have a closer merger.

By July 1 affects is that.

They -- thank you very much fun for the near.

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