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EU Approves Universal’s Purchase of EMI

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  • Description

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

  • Duration 4:57
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This is -- Imus in the morning program on -- -- Good morning everyone apple fans around the world are lining up to get their hands on the iPhone 5 which hit store shelves today.

Including here in New York City where -- -- grace standing by at Apple's Fifth Avenue store Roberts had -- aren't.

Well Diane you've got several hundred people lined up outside of the apple source normally open 24 hours a day seven days a week they closed at last night just for the event.

Opens and AM and end Jared here is I kind enough to join us in and tell us.

Why you've been in line here you know all night long here just waiting to get -- -- president going this afternoon.

-- I mean it's about being here for the opening you know it's about I made couple friends in line -- about being liked the best Apple Store in the country you know.

It's a fun experience -- the fun event everybody's have a good time the lines are to -- so we're certainly did not excited.

Got about an hour ago and they've got you really want -- golden ticket -- area you're pretty happy about that also I -- have to it's 8 AM local time -- just been different to resign.

Are you already ripping your friends back on that you're gonna have yours first.

Yeah I did -- posted on FaceBook it.

Having kind of poking out of I have a few friends are like really apple fanatics and it's -- let's go to the -- -- them and get them back you know.

Is there any one particular thing about the iPhone 5 this strongly to it aside from the fact that it's just the newest latest greatest.

I really like with a down from the body the aluminum and aluminum body looks really sleek it's going to be really nice and the lighter screen is you can't go wrong.

And what about the connector we've heard a lot of -- flap about this that you connect terrier got to get all new devices and -- -- -- the peripherals -- to go a bit like a little alarm clock.

-- -- -- -- Is that a problem premium.

It's not a problem I mean you know people try to Jabber they could you have -- It's it's going to be great I mean -- on the connectors always been proprietary.

That's just the better they're making it better they're improving with technology moves you gotta move with that that's just that's what you do.

All right -- we've got to -- to -- so -- be volatile day for you there the -- started to move several hundred -- as I mentioned lined up about -- -- pay anywhere from 200 bucks up.

-- the the -- back to you married let's have a great Megan's friends at the Apple -- thanks for having.

-- And we're getting earning income got -- right now the parent company of the olive garden red lobster is reporting a profit of 85 cents a share just beating the estimate.

For 84 cents revenue came in at 2.0 three billion dollars and that was right in line with what and we were expecting now.

On the day of the iPhone released Blackberry is reporting an outage affecting users in Europe.

The Middle East and Africa Blackberry announce the issue in postings on FaceBook and Twitter and says it is urgently working to fix the problem.

Checking markets this morning here in the US futures are up across the board Dow futures are up by thirty BS and in Europe the Financial Times is -- reporting European Union authorities are working with the Spanish government come up with a bailout plan and unlimited bond buying.

By the ECB markets there are mixed with London and Paris.

Both down Frankfurt holding on to green territory by about six points let's take a closer look now what's moving the markets with James Hughes senior market analyst at up RE.

Over in London James the Greek government officials are holding another round of negotiations with creditors.

In hopes of agreeing to almost twelve -- billion euros worth of cutbacks how do you expect this to play out.

We think we expect it to banners that -- -- these things done in the -- the main but there's been a lot of negativity around what we've -- a great start to renegotiate these plans its PC we've had -- -- -- There could be additional planned initial measures what I think -- that Greece had debt.

I think -- the mythical powers that be moved seventy -- now there would speak to be another renegotiation.

Of austerity you'll all cut than.

I meet with hope and of course decreased.

Greek -- and but I think whether they agree on not but the key point whether they speak today it was fifty point and the that's been issued -- -- -- on them.

All right that's James Hughes from up -- in London thanks so much changed.

Universal Music Group has won approval from EU antitrust regulators to buy EMI's recorded music unit.

For one point nine billion dollars after the Vivendi owned company promised to sell some of EMI's.

Most valuable record labels universal says the assets to be sold amount to 30% and EMI's global sales.

Citigroup is selling EMI after it acquired the music group when buyout firm terra firma.

Defaulted on loans owed to the investment bank.

Here's a look at commodities now oil and gold about to the upside up up by -- seventy cents trading around 93 dollars a barrel.

Pulled up almost six bucks at 1776.

Announced.

Coming up this hour Imus -- guests will be musician Vince Gill now here's the -- -- on Fox Business giving you the power to prosper.

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