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This is the Imus in the morning from.
On the Fox Business.
Good morning everyone let's take a look at the markets here in the US we've seen futures in the green across the board all morning announcing Dow futures up by sixty point -- he's up by about six.
And the nasdaq's up by fourteen over in Europe stocks rose with traders citing.
A Dow Jones report that the European Financial Stability Facility would be able to buy Spanish bonds.
On the primary and secondary market's -- off Spain's borrowing costs rose this morning the country sold almost three billion euros worth of 25 and seven year debt.
Average yields rose across the board compared to previous options -- currency markets there.
Are also up across the board fairly flat but still to the green London's up by about sixteen Paris -- up by 2.4.
And thank picked up by about seventy while sitting earning him from Philip Morse right now the cigarette maker is reporting a profit of one dollar 36 cents a share beating the estimate for a dollar 34.
Revenue came in at eight point one billion and that beat the estimate for eight billion.
France's Societe Generale has reportedly been contacted.
As part of the massive investigation into the manipulation of Libor.
According to Reuters the country's number two bank doesn't face any allegations of wrongdoing.
But an early report by the Financial Times says that traders from soc gen -- -- bank and Credit Agricole were linked to -- Barclays trader.
Who is under scrutiny for allegedly rigging that rate.
Societe revealed in March that it received a request from the US and European regulators.
For information as part of an investigation into Euribor which is the Euro Interbank rate similar to Libor.
Ever getting -- -- from travelers now the insurance company is reporting a profit of a dollar 26 cents beating the estimate or -- short of the estimate rather for a dollar 35.
Revenue came in at six point 36 billion dollars and that did beat the estimate there.
Analyst for looking for five point 97 billion.
The financial stability this oversight stability oversight council has decided to ramp up its supervision.
Over firms that it says could pose a major risk the financial system if they were to -- using the powers of the dot Frankel the agency named eight payment and clearing -- -- That will be subject to new rules as part of its second annual report to congress those companies include the Chicago Mercantile Exchange.
Ice clear credit clearing house payments and CLS bank international the Federal Reserve SEC and CFTC are still writing the new rules and standards.
Which mainly focus on risk management and higher capital requirements.
Shares of IBM -- climbing in the premarket after that company boosted its full year earnings target and offered mixed results for the second quarter.
IBM reported a profit of three dollars and 51 cents for the quarter.
Nine cents above expectations.
While revenue of 25 point eight billion dollars fell short.
Of the 26 point 27 billion analysts were looking for.
The company cites a weaker Euro and other foreign exchange issues for that weaker result but I BM says it now expects see full year earnings at fifteen dollars ten cents a share.
Excluding items that's ten cents higher than its previous forecast.
We're getting earnings -- from Southwest Airlines now that companies reporting an adjusted profit of 36 cents a share meeting estimates that 32 cents.
Revenue was also be coming in of four point six billion dollars the estimate there was for four point 58 billion.
EBay shares surged more than 5% in extended trading after that company topped expectations but its second quarter results.
The online retailer reported a profit of 56 cents a share a penny beat.
Revenue of 3.4 billion dollars also slightly topped expectations.
The company says its core business and its PayPal unit.
-- continue to see strong performance CEO John Donahoe also added that -- is benefiting from an advertising campaign launched last year to freshen up its brand.
Qualcomm shares are also surging nearly 6% on optimism for how it will perform later this year.
After missing on the top and bottom lines for the third quarter the chipmaker reported a profit of 85 cents a share a penny shy of expectations.
Revenue four point six billion dollars also fell short.
A four point 68 billion Wall Street was looking for supply issues have been hitting the company and are expected to continue to do so through the end of September but.
While comes results so that consumers in emerging markets are upgrading to mobile phones that feature the company's chips which means future profitability.
Here's a look at commodities now like markets we see oil and gold sitting upside this morning oil is now up.
-- -- a little more than a dollar hovering around 91 dollars a barrel.
Gold is up by thirteen dollars trading at 1583 an -- coming up this hour Imus is -- will be Imus in the morning Bernardin Kirk and political analyst image and Lloyd Webber.
Imus in the morning continues right now on Fox Business.
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