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-- -- -- -- -- On the -- Good morning everyone let's take a look at the markets here in the US futures started -- the morning in the -- we -- -- down now we're back in green territory Dow futures are up by eleven.
The S and -- up about a quarter of a point the nasdaq's up by about Q.
In Europe Moody's changed its outlook on the European Union's triple -- rating to negative.
And warned it could be downgraded stocks are down there across the board London's -- about 43.
Frankfurt's down by the eighteen Paris down by thirteen -- a closer look now.
At what's moving those markets with IG market analyst we'll had an over in London will we have several key players in the Euro crisis holding meetings today German and Greek finance ministers -- to discuss Greece's plan for budget cuts.
And the Merkel also -- to -- with European council president and Italian prime minister Mario Monti.
Is hosting fronts while Milan in Rome today how closely investors watching all of these meetings -- what do you expecting.
Q1 and I'm when I think they all being -- but perhaps not so much is we will be watching on Thursday with with the interest rate decision now and the expected announcement -- -- -- his plans intensive home buying I think there that we've noticed today sending the markets the bond markets -- -- reacting very favorably to the prospect all some some short term debt action.
From the ECB and they seems to be something movie if you -- From these meetings to -- whether we get any kind of comment from the other European leaders -- to -- on that's.
And will I want to stay with me for 12 just one report we got Chrysler's sales in those came -- up 14% the estimate was to them to be up 10%.
And looking at July they were up 13%.
For the year at that time to Chrysler covering -- up 14%.
For auto sales a year over year.
Well thanks for hanging in there on the back over to will -- now.
Will you -- prime minister David Cameron is also sensitive reshuffle his government.
But controversial finance minister George Osborne is expected to keep his job.
Despite their continued economic -- there what do you make of that move.
Yeah I think the kind of what we're seeing from from mystery shop was that none of them real major.
Headline jobs are going to change hands and out of that I think that was expected.
As part of the come a long term plan that the government have hit I think yes you as you say -- when I'm Pope who sent parts of the country -- Perhaps.
Not ignore unpopular enough or sending not within his own policy 222 warrants changing -- job.
Japanese ICC sends it around -- a bit more transport -- a big debate here about an extra runway at Heathrow airport in London and that is that he does the actual transports opened their thoughts on back.
The issue are one of the major players in this -- current.
That's will head and from IG in London thank them.
Just to reiterate we got some auto sales numbers from Chrysler just a minute ago the company says sales rose 14% last month compared to a year ago.
It also says it's the best August sales in five years the estimate was -- 10% rise again that's 14%.
Up from last year.
Meanwhile shares of Medicis Pharmaceutical are surging in the pre market after Valeant Pharmaceuticals International announced it's buying the company for two point six billion dollars.
The breaks down to 44 dollars a share that's that 39% premium to medicis close on Friday.
The cash you'll add Botox competitor -- -- and other skin care drugs -- -- portfolio and that Canadian drugmaker has been boosting its skin care portfolio in the US in recent months.
And expected dermatology business to contribute.
Nearly half of its revenue once this -- deal closes that's expected to happen in the first half of next year.
Auto makers are set to release August sales figures throughout the day -- to talk about Chrysler.
In general they are expected to keep their recent momentum going automotive information web site true -- dot com.
Is forecasting that sales will jump more than 17%.
From a year ago.
That puts the seasonally adjusted annualized rate at fourteen point two million new car sales which would mark the third straight month.
Above fourteen million foreign automakers up for an auto makers are expected to see the biggest gains -- car is sparse forecasting.
10% year over year jump -- four Ford GM is expected to climb by 4% and again we just -- Chrysler up 14%.
New York's attorney general is investigating tax strategies used by some of the country's biggest private equity firms.
Ex item and is looking at a practice that involves converting some fees collected for managing accounts.
Into fund investments resulting in a lower tax rate.
The move would allow the firms to avoid paying hundreds of millions of dollars in taxes snyderman has sent subpoenas to more than a dozen firms.
Including Apollo global management silver lake partners and Bain Capital.
Here's a look at commodities now oil and gold are up -- up by about sixty cents at 97 dollars a barrel and gold is up almost nine dollars at 1696.
-- Imus in the morning continues right now on.
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