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Merkel Calls for Closer Eurozone Coordination

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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 4:54
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This transcript is automatically generated

This is -- Imus in the morning from.

-- on the fox -- Good morning everyone let's start things -- by taking a look at the market here in the US futures in a read across of more than not by huge amounts both here and in Europe are sort of searching for direction you can -- Dow futures down by twelve.

The S and he's down by two the nasdaq's down by about -- rates in Europe as I said we're seeing similar numbers there are markets are down off their worst levels of the day London's down.

By about eighteen same goes for Paris while Frankfurt's down.

By about thirteen -- -- a closer look at what's moving those markets with Brenda Kelly markets analyst at CMC markets.

In London ready with the European Central Bank promising to buy -- limited bonds of the country apply for -- if you did this to be perfect timing for Spain to ask for bail out and yet.

They seem to be holding out here how long.

And Spain hauled up before it will need a bail out -- -- borrowing costs and save -- territory now that seems consensus that it will need a bail out at some point.

I think the consensus is definitely there but there is no reasserted -- Push for Spain to go ahead and do it why -- they actual bond -- remain unsustainable levels.

So we have mark L -- conference today where she basically stating that the ECB can get involved in the monetary sort of and interaction but not the fiscal so in some respects it seems that Spain awaiting -- sitting on our hands.

Waiting -- see what happens that we are seeing tenure bond yields rising a little bit at the moment and of course Spain's bond system under pressure -- while it looks like there's huge money capital flow.

Coming at us banks banks into alternatives like the core areas of Europe the moment so I think in some ways it is bound to happen.

But is more than likely will happen -- that quite late next month.

And Greece of course is always the other big topic and based on what came out of the finance ministers meeting should Athens.

Be granted more time to hit its targets.

Well let's think -- -- platform of their respective that have been given a couple of bailouts already giving given that it time -- on the amount of money that's important but country.

To not allowed -- and it's a bit extra time with two Rudy would reading undo what has been done so far.

Now I understand that there is the second element of the fact that that the -- visited Germany feels that they're taking on board instead -- lifted the excess of America's comments today -- -- underpinned stuff.

Well I think in some ways if you're gonna hobby united Europe and they're hoping to -- up.

A fiscal compact -- a banking union you do need to give a little bit of leeway to the countries that are having difficulty getting back in -- -- -- sort of area.

I'm ready to -- little little leeway and it seems that the ministers are considering a couple weeks that -- is asking for two years so -- two weeks even make a difference.

I don't know of two weeks to make a bit of -- difference to -- on -- -- I think -- songs -- -- -- in the game you have to kind of -- country and also some things.

Funny -- you kind of take away the seniority of the ECB bond holding.

Holdings are you actually just let them go on -- committee of the eurozone so I think it's up saying unless they get decrease of the moment it's up to the guys in asked -- -- on despite the ECB and of course -- as a growth come up with some sort of decision on this but it's gonna have to be do or die at this particular stage in time with two weeks.

-- ain't gonna cut it.

-- -- -- From CMC markets thanks -- and the yeah.

And the Occupy Wall Street -- is marking its first anniversary today about occupying the New York Stock Exchange.

Protesters are expected to make their way to the financial district in an attempt to keep people from getting to work.

Activists moved into lower Manhattan on Saturday marching from Washington Square Park -- last -- base as Zuccotti Park.

Police reportedly made dozens of arrests -- remember the Occupy Movement launched a series of protest against -- they see is economic equality.

Across the US and other countries last winter.

Looks like -- trade organization will soon have to play referee between US and China.

The Obama administration is expected to announce today that its filing -- other WTO complaint against China subsidies.

And import restrictions on auto parts which but US workers at a disadvantage.

The US filed a similar complaint in July over Beijing's import duties on US cars.

Meanwhile the WTO says China has filed its own dispute against the US to challenge duties on a range of goods like paper steel tyres and -- towers.

Warren Buffett says he's completed his treatments for prostate cancer the Berkshire Hathaway CEO says he wrapped up his 44 and final day of radiation.

Buffett disclosed in news while speaking to a group of executives from the newspapers he owns.

He revealed.

He had been diagnosed with prostate cancer in the spring at that time said the disease was detected early was not life threatening Buffett -- 822 weeks ago.

Here's a look at commodities now oil and golden -- at the moment.

Gold -- turn things around is now on the plus side up by about sixty cents oil still down by about thirteen cents trading around 99 dollars a barrel.

Imus in the morning continues right now on Fox Business.

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