Also in this playlist...
This transcript is automatically generated
This is this Imus in the morning.
On the fox -- Good morning everyone has time to check the markets in here in the US futures are in the red across the board.
Are currently seeing Dow futures down about sixteen yes and he's down -- -- The NASDAQ -- down by three will continue to watch those throughout the day in Europe the IMF says.
If European governments -- to sell the debt crisis the region's banks could be forced to sell.
As much as four point five trillion dollars in assets stocks in Europe are currently down across the board as well.
London's down by about 23 Paris is down almost ten and -- sent about 21.
Let's look -- closer look now what's moving those markets with Peter Dixon global equities economist at Commerce -- -- Merkel made her first visit to Greece yesterday since the start of the financial crisis and she told the Greek people she understands are going through a lot.
But that of reforms aren't made now their problems will just return it even worse what's your take on them.
Bombing basically you know -- -- know what -- -- positioning is you'll know the Greek position is obviously you know you've got to solids which are effectively talking at cross purposes to one another.
And he sold by the -- extensive demonstrations against.
From medical when she was in Athens.
That that that is a message which I don't think is getting through to the average guy on the street.
And now she also noted that the road to recovery is a tough one but that Greeks have put a good bit of the past behind them do you think Greece.
Hasn't made enough progress -- America.
Well I think it has actually if you look at things like capacity this indicates -- -- house make some some progress but unfortunately -- -- such a such a deep helped stall with.
It's gonna take an awful on content to get out debates if everything indeed count -- -- -- that the medicine which is being prescribed for by.
The troika so I rather think that so we're gonna have to have won't won't dramatic steps.
-- gonna see profit quick recovery with more emphasis on growth losses and -- austerity.
And some rob Peter looking at this ship was as a good thing for Merkel -- both what what's your take on the.
Well I guess it's you know she had to make it she had to shelf -- at some point boats I think it was me I would probably rather -- away because I don't think and weekends and I don't think she gangs.
Anything from not from gone to Greece in the current political climate.
All right that's Peter Dixon over Commerzbank thanks Peter.
Let's take a look now at suntrust and Regions Financial because those banks are bracing for possible cyber attacks.
After hacking group appear to have carried out threatened hit against Capital One yesterday the bank -- experience slowness and outages for about two hours after a group called.
The is daddy not as some cyber fighters blog that it would target Capital One on Tuesday suntrust on Wednesday.
And Regions Financial on Thursday the group also claimed responsibility for recent attacks on several other banks citing retaliation for an anti -- film trailer.
Suntrust and Regions Financial tell Fox Business they are taking every measure to protect themselves and their clients.
The attacks don't appear though to be compromising.
Any consumer or account information to this point.
FedEx meanwhile says its place in deep cost cuts at its underperforming express air freight and services divisions.
The package delivery companies looking to improve profits at those units.
By one point seven billion dollars over the next four years the move comes after FedEx cut its 2013 profit forecast last month.
Citing a growing shift by its corporate customers to shipping goods by C rather than -- due in part to higher jet fuel prices and slowing economic growth.
Shares of Alcoa fell 1% in extended trading on -- lower outlook for global aluminum consumption.
The company now says it's looking at 6% growth for 2012 vs the prior forecast.
Of 7% largely due to China's slowing demand.
I'll -- third quarter topped expectations though -- a profit of three cents a share.
And revenue of five point eight billion dollars CEO class -- felt reaffirmed the company's long term outlook as well.
-- global aluminum demand will double between 2010 and when he twenty.
He also says markets are showing signs of some positive growth despite a lot of uncertainty.
Microsoft CEO has signal that that company may be heading in a new direction.
In his annual letter to shareholders Steve -- suggested that software giant may eventually build.
More of its own hardware including phones on top of its recently announced -- tablet and Xbox gaming console.
The approach should be similar to Apple's which -- -- tight integration between software.
And hardware with its iPhone and iPad.
Microsoft does say it will continue to work but it's hardware providers -- as well.
Here's a look at commodities oil and gold are down at the moment recent -- down by about forty cents on 92 dollars a barrel.
Goal is that about sixty cents trading at 1764.
Taking a look -- oil prices OPEC is trimming its two point thirteen oil demand growth forecast.
By 30000 barrels a day and says uncertainties including weakness in the world economy could lead to a 20% cut in 2013 oil demand growth.
Imus in the morning continues right now on Fox Business giving you the power --
Filter by section