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Japan and Greece GDP Numbers Hurting Futures

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    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 5:18
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-- -- rated Imus in the morning.

-- on the Fox Business.

Energy -- this morning to sorrow is buying BP's fully integrated Southern California refining and marketing business.

-- one point two billion dollars.

The top value of the deal be around 2.5 billion dollars in the value of inventories added.

In the time the deal closes which is expected to be before the middle of next year.

FedEx says it will offer voluntary buyouts to some of its US employees in an effort to cut costs.

The package delivery company says most of the eligible workers will be from FedEx Express and FedEx services.

FedEx says it will release additional information about the buyouts and future plans.

-- its investors and lenders meeting in Memphis this October.

Global growth concerns are weighing on the market start off the week they were disappointing GDP numbers out of Japan.

We some markets in Asia.

Taking some action there here in the US futures are mixed Dow futures are down by four the S&P is flat while the NASDAQ is up by about a point in Europe.

Adding to those growth concerns -- GDP.

Contracted in the second quarter at a six point 2% pace -- the slight improvement though.

Over the first -- you can -- markets in Europe are mixed and tomorrow.

We'll get the latest on Euro -- growth right now London is down while Paris and Frankfurt are up let's take a closer look though.

At what's moving those markets with will head and market analyst at IG markets over in London.

Well Angela Merkel meets with -- Canada's Prime Minister Stephen Harper.

He's been pretty critical of Europe's approach to the debt crisis but the two will meet later this week what do you expect to come out of that meeting.

Hi them well I think is part of a very big week trying to knuckle dragging him.

-- -- require we sit facing -- -- and questions she's coming back should the forefront in Germany where there -- some doubts about positions.

In in the government and whether -- even got to get reelected next year so I think this is the first of -- a number of meetings that she's likely to hold with a lot of different weld heads of states -- -- from the major.

Kind of countries I -- regions and see with -- she convenient tool -- caps the Canadian.

Heads of states to see whether that kind of happy with.

How things are proceeding because as you say they've been pretty vocal about the other kind of stalling of years and politicians have done.

And it -- as I mentioned eurozone will be getting it done GDP numbers coming in this week.

What do you think investors will expect from Mario Draghi if these numbers come in a disappointing.

What I think what we're gonna expect is that once -- get interview with some of them you can install to C.

The real pressure being applied for the ECB stop losing their kind of money where their mouth is over -- We've been relying sort of fought throughout the crisis in the film essentially European countries -- holding up.

The on the performance in the -- -- I -- audience it looked like it could unravel.

Over the last few months and if we can become a reading tomorrow as well as some pretty important -- Greek bond auctions as well we're really gonna start to the pressure mounting in the next few weeks ahead of the peak month of September.

-- that's well ahead -- IG markets.

Over in London thanks them.

We're getting anything now from Sysco the food products companies reporting adjusted profit.

A 55 cents a share the estimate there was 54 cents.

Revenue came in a bit -- though -- eleven billion dollars the estimate there was for eleven point 04 billion.

Pfizer's animal health unit is notice is filed paperwork to raise it to 100 million dollars in an initial public offering.

Or an ownership stake of as much as 20%.

JPMorgan Bank of America Merrill Lynch and Morgan Stanley are the underwriters on the deal Pfizer will transfer its animal health businesses noticed before the IPO is complete.

Which is targeted for the first half of two point thirteen Pfizer says it hasn't determined how many shares it will offer or the price trends.

Layoffs are on the way at Motorola mobility the struggling cellphone maker which was acquired by Google back in May.

Says it will layoff 20% of its workforce and close to a third of its ninety offices.

A close to close a third of its ninety offices more than thirteen hundred.

Of the 4000 jobs lost will be from the United States.

Motorola also says it plans to leave unprofitable markets stopped making the -- devices.

And focus on a few cell phones instead of dozens the cuts are the first step in Google's plan to reinvent Motorola.

Which has fallen far behind its biggest rivals apple and Samsung.

Motorola mobility lost more than 230 million dollars in its first six weeks under Google but shares of Google are higher in the premarket.

Standard chartered preparing for hearing to defend its life since.

As a reportedly discusses a settlement with New York State regulators over money laundering charges.

The British bank says it strongly disagrees with last week's allegation from New York's department of financial services.

That it helped Iran launder at least 250 billion dollars into the US.

Wednesday's hearing follows a war of words between Benjamin muskie who heads of state agency and standard -- CEO Peter sands.

Here's a look at commodities now oil and gold have been up this morning we're -- oil now up by about 74 cents on 93 dollars a barrel gold is up a little more than a dollar.

At 1624.

An -- Imus in the morning continues right now on Fox Business.

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