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FBN’s Robert Gray breaks down the stories moving the markets around the world.
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This is an Imus morning program for comparability tough day.
Good morning I'm Robert -- we start with a live business alert on the markets here in the US futures literally unchanged this morning after the biggest decline in three much of the SP 500 yesterday.
Meanwhile European markets tracking losses in the US yesterday and Asia over night.
Shares in Europe pressure by global growth worries and signs -- Spain's economic crisis is worsening you -- the losses.
1% or more across the board.
Meanwhile protesters clashed with police in Spain last night the Spanish government -- prepared a new round of austerity measures to be included in a new budget.
-- will be released tomorrow thousands gathered in central Madrid forming a human chain around parliament they were surrounded by 15100.
Police in riot gear.
Prime minister Mariano Rajoy -- plans would restrict programs that allow people to retire earlier in the mandated retirement age of 65.
Well sort of show you some live pictures from Athens Greece workers they are calling the first general strikes as the country's coalition government was formed in June.
Now Athens has struggled -- more punishing austerity measures demanded by rescue creditors.
The protests will halt flights for hours and -- will shut down everything from schools to ferry services.
Hospitals to shops and customs offices police are deployed across the center of Athens to prevent demonstrations from turning violent.
They often have in the recent past.
Let's take a closer look at this situation in Europe today with Peter Dixon global equities economist e-commerce bank.
Over in London and Peter we see the pictures once again flaring up -- clashes in Madrid and Athens.
How much is that is this weighing on investors today as we see stock selling -- in borrowing costs rising -- Spain.
Well you know in a sense we've been 84 because I think for through much of the lost them twelve months.
And we being used to pictures of people demonstrating on in a crisis hit peripheral eurozone countries.
And -- the question I think remains on to what extent could -- -- and push -- measures three would outs you know causing -- much electoral damage.
I think it's Spain to have a reasonable chance because you know the government is relatively fashion and obviously -- saying this is to increase.
You know where it would cost nothing isn't and hoping that things will get any worse.
I think for the volatilities -- is a second relatively calm view of these things but obviously.
Would appear to protest and -- things -- -- to be -- -- difficult.
There and it seems like they are getting at least we look at a 2% sell off in France today and and how much is a global growth story continuing to to play out there -- a lot of concerns being raised here in the states in particular we've heard it from China.
What about there in Europe.
Well -- bush decide how many -- also and in a sense because.
It obviously he would Europe -- slowing down -- quite sharply probably a lot more so than what Canadian -- souls and in the United States.
And of course if you've got the US which is findings give a lot of traction China slowing down.
Addicted to foreign demand -- European companies just as bad.
Outsourcing that's going to nightlife a lot more difficult -- for European companies over the coming months.
Peter Dixon from Commerzbank -- for joining us this morning.
Shares of Yahoo! -- up as much as 1% in after hours trading before settling back down this after chief executive Marissa Mayer outlined some of her plans for the company.
What -- she announces the hiring of Silicon Valley veteran Ken Goldman as chief financial officer.
He'll replace Tim Morse -- this morning we learned about Goldman's pay package of get an annual salary of 600000 box.
And -- performance based stock options would they target valuation of six million dollars.
According to -- all things.
IBM chief executive Virginia Romany is getting another title next month -- less than a year in the quarter office she set to take over as chairman of the board.
From Sam Palmisano.
Paula son of course -- -- -- there is transformation from a low margin maker of PCs into a services and software company.
He'll become a senior advisor -- retires at the end of the year.
Starting October 1 remedies new titles will be president chief executive and chairman.
Britain's Barclays is the latest bank to be sued over the misrepresentation of mortgage backed securities.
The National Credit Union Administration is suing a Barclays US subsidiary.
Of the sale of 555.
Million dollars of the securities to two credit unions.
They failed during the financial crisis the NC UA alleges Barclays had disregard of the underwriting standards stated in the offering documents.
That the misrepresentation.
-- the credit unions to regard the risks of the securities as an animal.
Take a look at commodities this morning we see oil continuing to slide down nearly 1% below ninety -- bucks a barrel gold little changed.
Coming up this hour I was his guests will be New York Times bestselling author Deirdre Imus and Fox News legal analysts -- will.
Now here's the I man on Fox Business.
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