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This is good Imus in the morning.
On the -- Good morning everyone -- Justice Department is reportedly building criminal cases against several big banks and their employees.
In connection with the -- -- scandal according to the New York Times the department has found potential criminal wrongdoing by the firms in their investigation.
And it charges and at least against at least one bank could come later this year.
Meanwhile New York's attorney general Eric snyderman has revealed the -- his own investigation going on in the rate rigging case snyderman along with Connecticut's attorney general George -- -- Started their investigation into the possible manipulation of live -- six months ago.
Over in Britain lawmakers -- will -- Barclays former chief operating officer Jerry -- miss CA.
Over that bank's role in the scandal -- says they'll -- he told his staff the Bank of England had encourage Barclays to cut Libor.
After misinterpreting a message from former CEO Bob Diamond.
This will mark the first time -- -- he comments publicly on the matter since quitting the bank.
Two weeks ago no doubt -- listening very closely let's take a look at the markets now here in the US futures down across the board Dow futures are down by 32.
Yes and -- down by four and the NASDAQ down by six over in Europe stocks have been fluctuating today as -- -- take a hit.
Following comments at a China concerning growth there you can -- markets are fairly flat but still to the downside.
London down by about three -- -- down by outdated Frankfurt's damages to let's take a closer look now what's moving those markets about -- senior market analyst James Hughes.
Over in London James German Chancellor Angela Merkel says she's confident a majority of lawmakers -- approve aid for Spanish banks.
But some of parliament seemed doubtful kind of fallout could we see if Germany doesn't approve this.
Forming firstly Angela Merkel is being confident about all things for a long time she's confident that the eurozone problem would be out of endowment -- now and of course twisted in his situation of the -- and so I think.
A lot of comments on his beacon take with a -- -- so those who don't know what the outcome of they say is gonna debate.
But before that could be pretty -- -- who we need these sets it to get through these -- because.
If -- -- then the Spanish banks just don't get their money in this is that the biggest thing again it seems I went back to the same mode as story can waiting for someone to make a decision.
Just to see whether it's -- -- some it was Greece can actually get the money today that it has been promised it inside.
I mean the full out could be of course today they don't get the money -- of that and that way it almost back to square while many content comes to.
When he comes despite but it also has ramifications for other countries -- -- -- bad testicles because these -- need to get through these these that.
That's -- to get through these courses in it was any wanted to carry on and for the year residents -- run.
Which is pretty symbolic -- coast but to be run the white is at the moment.
And speaking of confidence James Italy's new economy mr.
minister told -- local paper there.
That the country could reduce its huge debt by 20% over five years by selling public assets -- how confident are you -- that would work.
Well I mean again it's another it's another stab in the dark unfortunately by bias that meant that member of did the Euro zone of course.
All these countries are trying to -- he's trying to raise money somehow and raise money that doesn't -- me -- of course you have to.
I think today's who comes downs -- stances to getting by yesterday's positive ended -- -- parties in and out.
During these eurozone crisis and this is the same thing it's almost a white to try and raise money without further austerity you know of these could these countries to of course of -- he's -- And being -- the uninvited managed to do things -- -- I mean it's it's of course is another idea of -- which could -- it just depends what I can -- how much they -- senate foreign of course.
That we did the biggest one way it is not going to be enough to -- any of the problems and whenever they can.
-- they can get to this this 20% level he's he's big questions on unnecessary thing is a long term stakes in the company and its.
Says James Hughes live from London thanks and there's an American companies are scaling back plans to hire more workers in the coming months the latest survey from the national association for business economics shows.
Of the businesses pulled last month say they plan to add employees in the next six months that's down from the 39%.
Who said they would do that in late march early April a growing number of these companies say the European debt crisis is hurting their business.
Saying sales have fallen and that's up from -- 1%.
-- meanwhile -- Alley that second quarter results this morning in the bank is expected to report a profit of 89 cents a share.
On revenue of eighteen point 76 billion dollars -- -- results will kick off another busy week of earnings for the financials.
Goldman Sachs -- that with its results tomorrow Bank of America will report on Wednesday and Morgan Stanley we'll be reporting on Thursday.
Here's a look at commodities now oil and gold like the markets are to the downside -- down.
By almost forty cents hovering around 8687.
Dollars a barrel gold is -- by seven dollars and 1585 announce.
Imus in the morning continues right now on Fox Business.
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