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Imus morning program on the phone -- Good morning everyone stocks this morning are still getting a boost from report that -- banks.
Are ready to take steps to stabilize financial markets if this -- Greek election causes some turmoil in trading if you take a look.
At US features they are up across the board and have been all morning Dow futures are up by 42.
The S and he's up by about four and the NASDAQ up by nine this having another day and agreeing yesterday to help really and keep that trend going.
Meanwhile as I mentioned Greek citizens will be heading to the polls this weekend to vote on the country's new government.
In an election that's being closely watched around the world Fox Business is Ashley Webster is in Athens now with more on the.
Central banks for major economies say they -- standing ready and able to help financial markets -- may feel a little bit of a financial squeeze based on the outcome.
Of the Greek election in particular.
The ease of getting credit in these markets we already know that Spain's borrowing costs on its.
Benchmark notes are up around 7% Italian -- costs are also moving higher.
And of the great collection.
Shows that the leftist party leader gets into power -- wants to renegotiate.
Greece's bailout.
That in turn could put even more strain on -- banking system that is struggling especially in those weaker.
Eurozone economies so central bankers say they will step in US markets reacting on Thursday by moving higher.
But still a lot of questions need to be -- -- and two days before Greeks go to the voting booths back to you.
All right -- thanks for that analogy think a closer look.
At -- European markets and what's moving them would be DC partners market analyst Michael Ingram.
Over in London -- Michael obviously the big focus right now is on Greece and this weekend's elections how confident are investors.
That will get a new government out of this you know polls haven't been so helpful up until this point.
Well.
-- could understand that Greece has been under a black -- as far as.
Officials opinion polls consent.
But that sort of like contacts in essence this morning it's actually on a knife edge.
It's it could go either way the seems to -- -- a 102%.
Difference between.
The pro bailouts.
New Democracy Party and the you know relatively radical.
Anti -- series set.
-- any events is gonna have to be a coalition and then we get -- sort of party political.
Considerations where you got three parties which pretty much -- each -- so level of confidence I'd say it's actually pretty light.
And and Michael let's -- worst case scenario here if they can't reach a deal and all this what should we expect come Monday morning in the markets.
Well I would say probably -- weakness although we you know we've been a Greek bond yields where they are the moment.
I mean needs to go to that much will pay the market can actually -- couple.
One thing is quite interesting and is fully be missed like what a lot of people is that this -- the Greek government really has -- policy.
Something like twelve billion euros in budget cuts by the end of the month otherwise.
-- -- -- That is being funding that is gonna cut -- off.
So that they need to get their act together pretty quickly.
If if there's -- stable coalition in the -- then you.
The in -- have to go for another round of elections we'll take another six weeks.
Aren't that's Michael -- them over at BDC partners in London thanks so much Michael.
Thank Peter.
And the Hong Kong exchanges and clearing beat out the IntercontinentalExchange.
Did by the world's largest metals market place the bid for the London metal exchange was more than two billion dollars but that offer.
Still needs to be presented to -- shareholders and approved by more than half of them.
Two of the exchange's biggest shareholders include JPMorgan and Goldman Sachs.
Microsoft has reportedly agreed to buy the business software company grammar or one point two billion dollars.
According to the Wall Street Journal the deal is seen as a way for the tech giant to add more social features to its Microsoft Office software.
Yeah -- -- was launched in 2008 is referred to as the FaceBook for the workplace.
Because it creates private social networks -- -- companies the journal says it's unclear when the deal be completed and announced.
This would mark the second time in about a year Microsoft has bought a company looking at a potential IPO Microsoft but the video calling service Skype.
For eight and a half billion dollars last -- Here's a look at commodities now oil and -- are both in the -- -- up by about 56 cents around 8485 dollars a barrel.
Gold up by about six dollars at 1625.
An ounce.
Coming up this hour Imus is guests of the authors mega McCain and Michael Ian Black.
Imus in the morning continues right now on Fox Business giving -- the -- across her.
