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This is this Imus in the morning.
The find them.
Good morning everyone with a few deals tell you about this morning -- start out with WellPoint buying Amerigroup for four point nine billion dollars.
The deal works out to about ninety dollars a share Amerigroup -- -- services for individuals in publicly funded health care programs.
WellPoint says the deal will add to earnings in 2013 and the company expects the deal to close in the first quarter of next year.
We also mentioned a short time ago Campbell Soup is buying bulk house farms for one point 55 billion dollars.
The company behind both us from a fund managed by Madison Dearborn partners.
Both house focuses on a natural healthy line of products Campbell says it will continue to operate the company has a separate business unit.
President Obama set to com 31 year extension of the bush era tax cuts but White House officials say he is only looking to extend the cuts for families earning.
Up to 250000.
Dollars a year.
Those tax cuts are set to expire at the end of the year meaning taxes will rise for every one come January 1 if they're not extended.
But the president's plan puts him at odds with fellow Democrats who want to extend cuts.
For everyone who earns up to one million dollars meanwhile house Republicans plan to vote this month on permanently extending all of the tax cuts.
Let's take a look at markets now here in the US we've been seeing red arrows across the board Dow futures are down by -- -- -- four.
Perez we're looking at your -- -- about that London's down by 2.3 Paris is down.
By almost eight points in Frankfurt down by five now let's take a look at US futures those are also in the red across the board overseeing Dow futures down by 52.
The -- and he's done by six in the nasdaq's down by six as well.
Let's take a closer look at what's moving markets this morning with -- equity fund manager Andy lynch.
Over in London and -- we know we're focusing on your today especially because of the finance ministers meeting today.
There are expected to discuss a plan to create an agency under the ECB.
To supervise -- top 45 or so largest banks in the eurozone but.
They say the European banking authority will still exist so why not just give the EB -- more power rather than creating yet another agency.
-- -- mean I think the the real differences of the European.
Husband be made beyond the USA.
-- -- to give the DA the power to.
Intervene in banks -- -- within the -- they -- would be a bit of the conference conflict particularly overseas for the UK.
Armed and so we would be -- -- latest -- the EPA have the authority to intervene in Barclays or Lloyds Banking Group.
-- sentiment given the worries and want to get ahead and how face the -- supranational.
If it makes sense to create a new party that thinks it's on the -- -- and specifically I know from the white European Union.
And of course any -- always a key player here but Angela Merkel facing increasing anti -- backlash at home how do you think they'll factor into all of this.
I think -- I don't hear about crashing.
Indonesia is appropriated -- reservist and the state to -- the at the moment.
Because there's really no new net strong political party the -- And to Europe in if one looks at the opposition the mrs.
-- -- the SPD and the greens of the moment then it even more pro Europe and -- European integration.
The -- -- to -- the union.
So in the in one sense accepting more European integration.
Is to is -- tactical companies mrs.
Merkel because it takes a stick away from fiscal payments that they could used to -- -- -- and a few topics to discuss today we'll see what comes at a meeting and check back in with -- -- -- -- months.
Thank you ending earning season is set to -- unofficially kick off after the bell today when we get second quarter results from Alcoa.
The aluminum maker is expected to report a profit of five cents a share down from 32 cents a year ago.
Revenue of five point 81 billion dollars a BA more than 11% drop.
Analysts have been slashing their estimates for Alcoa due to an oversupply of aluminum.
And weakening prices as well as concerns over future demand due to Europe's debt crisis and China's slowing growth.
Later this week JPMorgan will be out with its second quarter results.
And -- be the first reports since the company released its two billion dollar trading loss the bank says it expects to be solidly profitable for the quarter.
But reports indicate that trading loss could grow well beyond the two billion dollar mark.
Let's take a look at commodities now unlike the markets oil and gold have been to the upside -- morning.
Oil is now up by about eighteen cents -- on 8485.
Dollars a barrel gold is up by four box.
An ounce up coming up this hour -- -- -- We'll be Michael loop because of the New York Daily News Imus in the morning continues right now on Fox Business giving viewed -- Howard of.
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