Also in this playlist...
This transcript is automatically generated
Imus in the morning.
On the farm -- Good morning everyone Barclays chairman market ages just got into the hot seat earlier this morning as he faced tough questions from British lawmakers.
Over the bank's rate rigging scandal Fox Business is Robert -- in our newsroom and Robert when we hear from this hearing.
Well Australia saying that he did not know about this say interest rate rigging scandal and Andy moves to meant to manipulate it.
To manipulate Libor during the financial crisis back -- 2080 said the board was also not aware of this manipulation.
He says the first time he found out about it was an April of 2010.
He says there were no conversations with the UK government officials.
About the Libor rate which is set by number of banks.
Back in the height of the financial crisis in 2008.
They just said the board asked chief executive Bob Diamond to resign last week after the bank of England and the financial services authority.
Tony just that diamond quote no longer enjoyed the support of his regulators -- will get -- some three point one million dollars in severance.
He has foregoing 90% of any deferred bonus.
-- -- repeatedly refused to comment as to whether diamond misled the committee in his testimony last week -- -- said he did not resign.
In an attempt to save diamonds job as chief executive of the bank he wanted to say that he was -- the ultimate person responsible for the bank's reputation.
Vegas is staying in place until a new management team.
Is put in place Libor of course is used to be -- spark some 550.
Trillion dollars in derivatives contracts and it's also course used.
-- lowest mortgage rates student loans credit cards here in the states and elsewhere Barclays paid 450 million dollars to both British and US regulators.
To for trying to manipulate Libor and in a settlement other banks are involved in as many as a dozen or more global banks are currently under investigation by authorities.
-- -- to manipulate this rate back to you.
No shortage of people affected by this -- that's for sure absolutely update your what.
And we're less than thirty minutes away from the opening bell on Wall Street taking a look at futures we've -- up rows across the board all morning Dow futures now up.
Let's get a full preview of the trading day now from the -- that -- -- -- on the glad the New York Stock Exchange nickel.
Good morning -- good morning everybody well we see here the futures are pointing to a slightly higher open.
Excuse me so we're gonna kicking off here and talk about some of the banks look at that -- Deutsche bank and Bank of America are faring here you have obviously the being European regulators once again showing some backing for some of those European banks he's -- -- -- Deutsche Bank here.
Moving a little bit higher as they're accelerating some loans over there -- some of the Spanish banks so -- keeping a close eye and bridge bank.
Which has an up -- watch Bank of America here at home of course -- -- -- -- bank earnings coming out later in the week including Charles Schwab and JPMorgan destiny.
A -- so the banks would really be in focus this week.
Here's a look at out college this morning after the quarterly numbers after the bell yesterday it was only -- the upside let's see where it is.
At this moment.
We're watching -- -- the first of the Dow components to report its numbers Alcoa the aluminum maker good.
Economic indicator as well that really kicks off earnings season here for out.
We are seeing the dollar today higher and oil and gold our next.
And keeping -- I hear on Advanced Micro Devices it came out with its numbers that was sit there are looking really sharply -- that's -- down about 10%.
Intel is -- the moved.
As well this morning Intel announcing some agreements -- billion dollars worth.
Of agreement so watch the the Dow component Intel -- -- you may remember we talked so much about orasure here on the fox does network -- last month there's so it basically got approval.
For a -- that you used inside the mouth to detect HIV the HIV virus.
They will be sold in retail stores supermarkets and the like.
Later in the year but -- now there's going to be putting more stock out there about 75 million.
Shares about common stock at a via joint book running managers will be Citigroup and Jefferies on that 1 Louisiana-Pacific downgraded Tyson Foods.
Downgraded that's another -- by the way the price -- it was lowered over -- Dominic Rhodes.
Rose the price target now thirteen box so those are some of the hot stories that I would certainly be keeping an eye on here.
Today at American Express also -- name on the move -- upgraded to a buy.
From neutral over at no more of an agency yesterday we thought everybody was using credit -- lot more but not -- -- For for buying shopping but more for things that they need like gasoline.
-- -- -- Alright Michael thanks.
Another stock to watch rim -- can be a stormy annual meeting for Research in Motion later this morning company executives will be.
Exasperated investors fresh from its latest round.
Of missed earnings forecasts and delayed product news CEO Thorsten hi I'm shocked investors and analysts last month by saying -- Blackberry ten.
The operating system that -- powers next -- won't be out until next year instead of later this year investors are expected to grill -- on that decision to wait.
-- another rim executives have been on the media blitz in recent -- -- customers and investors that rim can recover.
Imus in the morning continues right now on Fox Business.
Filter by section