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Imus in the morning program on the fox goes -- Diane and good morning everybody.
We already have a deal to tell you about this morning WellPoint is buying Amerigroup four point nine billion dollars.
The -- works out to about ninety got a 92 dollars a share America -- -- services for individuals and publicly funded health care programs.
WellPoint says the deal will add to earnings -- -- thirteen the company says it expects to deal to close in the first quarter of next year.
President Obama -- to call her one year extension of the bush -- tax cuts.
White House officials say the president is looking to only extend the cuts though for families earning up to 250000.
Dollars a year.
The tax cuts are set to expire at the end of the year mean taxes will rise for everyone come January 1 if they're not extended.
The president's plan puts him at odds with his fellow democratic leaders.
Who want to extend cuts for everyone who earns up to one million dollars.
-- -- house Republicans plan to vote this month on permanently extending all of those tax cuts.
Let's take a look at the markets now here in the US we've been seeing red arrow -- across the board for futures.
Dow futures are down by 48 the S&P is down by five in the nasdaq's down by about four.
-- over in Europe ahead of today's European finance minister meeting in Brussels -- a mixed market.
London and Paris are both of them but Frankfurt has turned things around -- up.
By about three to four points now -- -- a closer look at what's moving those markets with IG index market analyst Chris beats him over London.
Chris ahead at this meeting we have a report saying finance ministers will demand stronger core capital ratios from -- thanks.
And we'll ask the country decreed a bad bank as conditions of this pending bank bail out what's your take on the.
It's very much and as what we've heard coming out from the -- a couple these candidates really.
Disorientation of those decisions made by -- certainly does and now we -- the finance ministers get typically try and thrash out some great to meet on the -- that the summit decisions.
-- -- -- says shifting gears a little with Jeremy export their rebounded more than economists forecast in May jumping nearly 4% from April.
How much is that factoring into markets over there today.
I'm as a bit of hope that -- to Germany coming to -- its underlying strength -- prevent exports but ultimately this crisis continues to sort of Norway.
But all of you -- regardless of which country are talking about -- I think you'll see continued weakness really German economic think -- we go forward.
And then of course we have -- testifying today on this whole live -- scandal issue any expectations on what -- say.
I think it'll be interesting to see what -- actually does say puts them.
-- -- -- be some guarded comments about his role in the crisis in 2000 -- permitting if we could put will be whether it does differ from those comments by about Bob Diamond last week.
All right that's Chris beat him -- IG markets over London thanks -- we appreciate it.
And it -- -- talking about Paul Tucker testifying that the Bank of England's.
Deputy governor and he's set to take the stand on what he knew.
About the interest rate rigging scandal surrounding Barclays Paul Tucker will appear before a panel -- lawmakers looking to find out.
What leaders knew about Barclays and other banks submitting false figures for a key Interbank lending rate.
More than a dozen global banks are being investigated by officials in North America Europe and Japan over the Libor scandal.
Tucker was asked to appear before the panel.
After Barclays released an email from 2008 last week showing he told former CEO Bob Diamond then head of investment banking.
That senior officials from the labour government were questioning why Barclays Libor rates were so high.
-- diamond told Britain's treasury select committee last week that he didn't take -- comment as an instruction to lower Barclays rates but his next didn't -- did.
And that wasn't misunderstandings you'll hear from Tucker today and -- -- to say.
In the meantime the Federal Reserve members warning that economic growth will be -- for a while.
Speaking at a -- in Bangkok Boston fed president Eric Rosenberg says firms are holding off on hiring and investing.
In their business is due to the -- -- with the global economy.
Rose -- points to a lack of a quick solution to the European debt crisis.
Large deficit problems in many countries and global banking problems.
While he doesn't have a vote.
On the central bank's policy committee he does strongly endorsed more action by the Fed and that matches the sentiment of Chicago fed president Charles Evans.
Who calls her new round of bond buying by the Fed at the Bangkok form.
Evan says current economic circumstances call for extremely strong efforts and again he pushed for more purchasing a mortgage backed securities.
The Fed's next policy meeting is set for the end of this yeah.
Here's a look at commodities now oil and gold unlike the markets have been turned upside.
All morning we're seeing oil now up by about fifty cents almost at 85 dollars a barrel gold is up.
By almost six dollars and on 1584.
An ounce coming up this hour Imus is guests of the author and former prosecutor -- -- seen.
Imus in the morning continues right now on Fox Business.
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