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FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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This is this Imus in the morning.
I'm on the Fox Business.
-- -- -- Good morning everyone the global economy is once again heading toward a recession that may be more complex.
And the previous one that's according to the international monetary -- world economic outlook report.
Which offer the weakest outlook for global growth since the 2009 recession.
The fund expects the world economy to expand by 3.3 percent this year.
And three point 6% next year both down slightly from July's forecast.
And the IMF says growth will slow in nearly every major country as political uncertainties threaten US.
And eurozone recovery is still the US did manage to be the only country to get an upgraded growth forecast with the IMF predicting 2.2 percent growth for this year.
Up slightly from July's forecast.
Checking markets now here in the US futures are mixed -- Dow futures and the S&P to the green just barely.
On NASDAQ is still down by about three point.
In Europe concerns over a slowdown in -- growth and its impact on earnings are weighing on markets there which are also mixed.
German Chancellor Angela Merkel and also arrived in Greece for her first visit there.
Since the eurozone crisis began -- -- talks there.
But prime minister and Tony some Mars as well as Greece is president.
Protesters are there in front parliament as you can see also awaiting her arrival.
As the country struggles to keep up with commitments needed to guarantee rescue loan payments and long term Euro membership.
The people there had -- develop some increased hostility.
Toward those bailout effort -- closer look now at these European markets -- -- going on there with -- Randolph director of sovereign risk.
And I just global insight in London -- We're talking about Merkel -- the Greek prime minister's invitation.
Lending increase now to meet with him today.
This is kind of a bold move until now most European leaders have avoided official travel to Greece.
In fear of getting this kind of hostile reception -- do you think -- visit will inspire others to follow suit.
Well thank -- sharing some European political leadership.
She's going to Athens and saying look solidarity I'm prepared to give you solidarity but -- two -- thing.
You've got finalize a budget.
They're gonna go out -- ten action points out of my thanks to completes.
Ten days goods if they do that then they'll they'll get me the -- -- the poll says she's going to encourage the government she thinks the some us government.
Is getting to grips with the situation.
And -- encouraging them then basically.
On that course the anger that's breeding from those protesters basically comes from the idea that these demands are too harsh and they're too painful for the Greek people but.
-- we heard from IMF chief Christine Lagarde today urging Greece to do more to meet the conditions of its bailout agreement saying the country's doing a lot but quote.
Acting is not just acting it's not just talking and the list.
A prior actions she says have to be completed so -- -- -- the IMF doesn't -- to let up too much here in terms of these conditions attached to the bail out.
Does miracles visit to Germany change that at all.
Well I think -- -- taking a hard line -- But at the end of the day Greece is a very large fiscal deficits and -- -- the bottoms that they're being kept -- -- I met in the eurozone governments.
And -- has said you know we are willing to support you but there are conditions.
We always see what he's reform your economy.
The problem with Greece is more than just an accounting issue of -- deficit they've actually got to retool their income up entire economy.
It's a structural reforms are really lacking here but she thinks that -- Hamas government.
Is a bit more serious than previous governments and -- -- back to encourage them.
We'll see how it all turns out Don Rendell but I just global insight -- -- great having you on thanks down.
Under and spectrum brands holdings is buying Stanley black and -- hardware and home improvement business.
For one point four billion dollars in cash spectrum.
Says the deal will add between 75 and eighty cents per share to its -- thirteen adjusted earnings Stanley Black & Decker confirmed in July it was reviewing its options for the unit.
Spectrum Brands has surged 50% this year while Stanley Black & Decker is up nearly 10%.
Taking a look at commodities now oil and gold are both in the green we're -- oil up.
By about eighty cents on ninety dollars a barrel gold has been dancing around this morning that it -- now up.
Almost by about two dollars around 1777.
Announced coming up this our -- -- is guest is radio talk show host Laura Ingram.
And now here's BI and then back on Fox Business giving you the -- across.
