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Greece Worries Hitting European Markets

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

  • Duration 4:56
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This is -- Imus in the morning program on the Fox Business Network.

-- -- -- -- Good morning everyone it's time to check the markets now here in the US because have been in the red across the board all morning Dow futures -- now down almost fifty points yes and he's down about six nasdaq's down about twelve.

In year -- stocks extended losses after German sentiment survey came in much worse than expected.

Finance ministers also put off releasing Greece's next loan installment but they did give Greece.

Until -- sixteen to reform its economy stocks there are in the red overseen London got about thirty.

Paris is down about fifteen there and Frankfurt's down about fifty a -- a closer look though it's moving those markets with Joseph Rundle head of trading.

Eddie kicks capital in London joke -- on finance ministers delay that decision on Greece's next bailout payment but Greek Prime Minister and Tony samarra says.

Without these new funds Greece uelman -- run out of money within days so there anything else Greece can do at this point to try to get that passed in time.

-- I think they've found but I still portion of that today and they ocean that's true and -- -- billion.

And I can possibly get another one and a half billion -- says they which will just give them enough time to get them through a bond repayment to five billion at the end of this week.

So little bit of breathing space that is really coming down the -- There were rumors circulating head -- -- to release of big I'm mound tonight to Greece up about was a forty billion I'm -- you know the market's very volatile and everything was being dominated by what's happening -- Understand at least -- the president the Euro group finance ministers also announced that Greece will have -- 20/20 you -- reach its debt reduction target but that.

It goes against the IMS condition that Greek debt must become sustainable by 20/20 could this drive the IMF.

To back out and what happens then.

Yeah I think it's a real possibility -- And it was a not quite helpful to have such a public had disagreements at a press conference -- And that's really cause a lot of uncertainty him I think what Europe needs to do is get his own house in order for us and come out with a -- -- -- plan.

To address the Greek and then the Spanish situation.

Because while this is happening grace which is relatively small.

I'm not a bond yields in -- a flying up and that backup to danger levels -- -- are your -- get -- house in order to address these issues that apparently.

All right that's Joseph Rundle already six capitalized banks -- again thanks it -- And Home Depot -- topped expectations but its third quarter earnings and home improvement retailer says it earned an adjusted profit of 74 cents a share beating the estimate.

By four cents while revenue climbed four point 6% from last year.

To eighteen -- one billion dollars also topping the estimates.

-- people also raised its full year guidance for fiscal 2012 to three dollars three cents a share analysts were looking for two dollars.

97 cents a share and shares of Home Depot are higher in the -- market.

Later this morning President Obama will kick off two days of meetings at the white house on how to solve the fiscal -- The president will welcome labor and civic leaders like AFL CIO president Richard Trumka Service Employees International Union president Mary Kay Henry.

National Education Association president Dennis van -- local and John Podesta.

Of the Center for American Progress tomorrow -- sit -- with business executives including Jeff I'm not from General Electric.

Alan loudly a Ford junior -- of IBM Marc -- a Levy of Aetna and Robert McDonald.

Of Procter & Gamble the -- and lawmakers have to agree on a way to reduce the deficit before the end of the year.

Or combination of tax increases and government spending cuts will take effect which is expected to harm the US economy -- didn't get some new ideas.

-- of these meetings meanwhile the man who is largely expected to be the next CEO of Microsoft has left the company.

Microsoft revealed yesterday that Stevens -- speed ahead of its windows division and a 23 year company veteran.

Step down barely two weeks after the company launched its highly anticipated windows eight.

Neither the company.

-- not -- gave an explanation for the unexpected move but reports say the decision stemmed from growing tension between -- -- ski and other top executives this is the latest.

In a growing line of high profile departures of Microsoft the companies had to replace.

Leaders at all five of its main operating units in the past four years.

It looks like US homeowners are getting better at keeping up with their mortgage payments Trans Union says the percentage of home mortgage holders that is.

At least two months behind other payments fell in the third quarter to five point 5% down from nearly five point 9% a year ago.

That's the lowest delinquency rate since the first quarter of 2009 thanks to the recovering housing market and low interest rates and make it easier to refinance.

Here's a look at commodities and oil and gold -- to the downside -- down about ten cents an 85 dollars a barrel gold -- a little more than a dollar.

At 1729.

Announce.

Coming up this hour Imus is gasoline Melissa Francis -- Fox Business.

And now here's the -- man lives and ready to give viewed the power to prosper.

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