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Greeks Protesting Again Over Austerity Measures

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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 is the Imus in the morning program on the Fox Business -- Our new -- and good morning -- Blood we want to show you some live pictures now from Athens Greece where and other general strike is under -- like.

In past protest violence has broken now we -- some tear gas.

Dispensed here as police move in at a 24 hour and chest -- strike was called by the country's two biggest labor unions.

As the government there negotiate with international creditors various groups ranging from cab drivers to lawyers are protesting proposed cuts.

Which would include hits to wealth there.

And health care spending -- -- scene there appears to be coming down the will of course continue to monitor it for you and continue to keep you updated now taking a look.

At the rest of the markets here in the US received futures.

Turning to the down -- they've been fairly flat this morning but mixed now are seeing red arrows across the board.

Dow futures are down by one the S&P -- down by about two and the NASDAQ by three.

In Europe leaders are gathering again in Brussels for a two day meeting to discuss how to save the Euro and support debt ridden countries markets there.

Are mixed with London down by six Paris down by eight in Frankfurt still holding on to green territory -- about.

24 points there.

-- getting earnings in from Philip Morris.

Tuesday morning for earnings this tobacco companies that reporting a profit of one dollar and 38 cents a share.

The estimate there was for a dollar thirty -- to slight miss there on -- revenue came in at seven point nine billion dollars that was also missed the estimate there.

Was for eight point 24 billion.

We're also getting -- from travelers the insurance companies reporting an adjusted profit of two dollars 22 cents.

The estimate was -- dollar sixty once a big beat their for travelers meanwhile revenue came in at six point one billion dollars also topping the estimate.

For five point 79 billion.

We mentioned southwest earnings.

Are also cross a little while ago in the carrier reported an adjusted profit of thirteen cents a share beating the estimate for twelve cents.

Revenue came in at four point 31 billion dollars a flight -- off the expectation for four point 36 billion.

And earlier this morning the first company out was Verizon with higher third quarter results compared to last year.

On strengthen its wireless business of the company earned an adjusted profit of 64 cents a share.

Matching the street's forecast while revenue rose nearly 4%.

To 29 billion dollars also meeting expectations.

-- release did not include sales figures for Apple's new iPhone but Verizon says.

Is on track to meet its financial targets for 2012.

Now let's take a look again those European market is well ahead in market trader at IG in London and will.

Today kicks off the fourth EU summit of the year the 22 held since the crisis erupted in Greece in late 09.

And yet no one seems to expect any substantial decisions to come out of it outlook -- should we start expecting some breakthroughs here.

Going to and we'll -- it didn't want -- -- just what used to it's it's become a -- -- No one fools out when that when they host the summit semi panicking -- -- banking union being talked about today and Angela Merkel was quite.

For -- have -- earlier on this morning before the summit started saying that she sees the years on.

Being a bit more stable in the lost a few months going forward and at least I think that's tickets on.

All right and looking at Spain stay until six billion dollars worth of bonds this morning all with lower yields.

What does that do for prospects of a bailout request scores beat everybody's debating to see is Spain going to ask or not and -- Data miner who did -- the prospects if I -- -- -- effectively getting pushed.

Further down the kind of -- the expectations that we still expected to need.

Some help at some point but we still -- in favor of a short ten day yesterday which is very pivotal to the government.

I'm maintaining its spending cut again today -- with a successful bond auction so I think.

Especially we will Moody's came out yesterday really helps find cut continues to be I think she forced into the -- the bond market being able certain.

Operate there without having to go into the the authorities for help.

And the films that continues -- -- pushing on that played out further down Canada.

-- a little more time for Spain that's well ahead and it IG markets in London thanks.

Are getting earnings -- now from Boston Scientific the maker of medical devices reporting an adjusted profit of sixteen cents a share beating the estimate for eleven cents.

Revenue came in just shy of the estimate though one point 74 billion dollars analysts were looking for one point 76 billion.

Let's take a look at commodities now oil and gold are to the downside this morning we -- oil now down by about twelve cents and 92 dollars a barrel.

Gold down almost eight bucks at 1745.

An -- Coming up this our privacy as guest of the Imus in the morning Bernard -- and political commentator and it didn't Lloyd Webber now here's the -- and then on Fox Business giving -- the power to prosper and.

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