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TomTom Signs Mapping Deal with Apple

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:41
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This is very Imus in the morning.

On the farm -- Good morning everyone let's pick things up with a look at the markets after yesterday's sell off the US futures are in the green this morning Dow futures are up by 51.

The S and -- up by four and the nasdaq's up by eight over in Europe.

Investors are still cautiously optimistic over Spain's bank bail out.

Stocks there also in the green London's up by twelve Paris is up by six.

And Frankfurt's up by eleven now let's take a closer look at what's moving those markets the Dow Jones Newswires you correspondent nick Hastings.

Over in London nick we have comments coming from the Austrian finance minister this morning.

Saying Italy will not likely need a bail out but we're -- not country borrowing at very.

Higher rates what do you think about -- Could have absolutely I mean what I'm sure the Italians a public sake will you please don't say -- this -- finances seconds LLC we need.

Is you've basically sort of making -- less.

And yes.

Look at the yields on Italian bonds and that basically is -- -- Spain has continued -- -- daily upped its record I -- it is now right behind.

And that is really worrying people because an amount yet we're talking -- have over 6% cap stocks -- them.

Funding costs really because get out of pat and that's in the in the -- -- -- -- so yeah you know -- that's for the -- -- me at the moment to say.

That people to the -- worrying if this trend continues.

We also reports -- European finance officials are discussing capital controls.

As a sort of worst case scenario if Greece does decide to leave the year arriving.

Comes -- even limiting ATM withdrawals how concerned.

Should investors be that these discussions are going on and noble any of the -- -- ideas really work.

What well I think it.

Let's face it.

You up to prepare for the west and that's what do you feel that this is -- -- that the net job essentially in the anything that we've that we are doing that there wouldn't be doing their job they see me in that position.

Because basically they're coming up to this week's election on Sunday the chances remain.

Hi that the left wing actually does get its government and basically says it's not gonna accept the terms of the bailout if that happens the chunks of Greek being -- stalled.

Leaving the Euro become.

Got -- top India markets and -- Could become disorderly.

They have got to actually prepare for that yet think in terms of capital controls think in terms of what they're gonna do to stop that any problems in Greece getting getting out of happen.

The left -- and then I'll -- and you may still get that moving to a coalition.

Between the two main conservative parties and everything will be fine but we don't know at this moment.

That's -- -- and everyone will be watching that election very closely I'm sure but thanks to the announce -- salute in the meantime -- we always appreciate it have a great one.

Thank you.

And TomTom has announced it will provide the -- for -- -- -- six mapping service -- -- navigation device maker will work with apple to offer -- local search service turn by turn direction and even ability to new areas in 3-D.

And you figure -- we've.

Feature -- -- say will replace Google Maps as the default on iphones and ipads.

Analysts say this could be a big win for TomTom as more people use Smartphones.

And tablets instead of navigation devices for directions.

But -- -- the deal could also hurt sales of the TomTom -- in the iTunes store and hit navigation system sales even more.

General Motors will hold its annual shareholder meeting today and investors are likely to have some tough questions.

About the company's performance GM stock has -- a third of its value since closing at 34 dollars on the first day of its IPO in November 2010.

The automaker struggling European operations also lost more than 250 million dollars in the first quarter.

And some analysts question whether GM is moving fast enough to restructure it.

Serious XM radio is reportedly turning to the FCC to stop one of its shareholders from taking charge of the company.

According to the Wall Street Journal the satellite radio provider.

Has asked the agency to reject the latest application by Liberty Media to effectively take control liberty filed a second request with the SEC two weeks ago.

After its original -- the application was rejected in March.

The journal says serious is arguing that Liberty's new application attempts to create the impression that it has firmly committed itself taking control of the company.

But serious says liberty has provided no specific plan on how it intends to do so.

Here's a look at commodities now oil and gold unlike the market have been to the downside today -- down by about fifty cents around 82 dollars a barrel.

Pulled down by about seven bucks at 1589 announced.

Coming up this hour -- -- guests will be musician -- -- Imus in the morning continues right now on Fox Business.

You can -- them -- across.

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