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Deere Misses 4Q EPS Estimates

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

  • Duration 4:59
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This is -- Imus in the morning.

The fox -- Good morning everyone has -- to take a look at the markets in here in the US futures have been searching for direction this morning.

We're currently seeing Dow futures up by sixty S&P is up by one and the nasdaq's up about one and a half.

In Europe finance ministers failed to reach a deal finance ministers failed to reach a deal -- next round of aid for Greece they'll meet again on Monday in the meantime the Bank of England.

Says in the minutes from its last meeting that it's unlikely to cut interest rates in the near future stocks in Europe.

Are currently makes also fairly flat London's down by about two Paris is up by eight in Frankfurt up.

By about nine points there for more on the European markets now let's go to live to London.

To Alistair -- market analyst for IG.

Alistair Greek Prime Minister and Tony -- is blasting the eurozone finance minister saying.

Greece did what it had committed to do now the finance ministers and the IMF but eventually have to hold it there under the bargain right do you think the finance ministers on the IMF.

08 degrees at this point to reach a deal.

Morning -- that makes a pleasant change for the Greeks to have the moral high ground really doesn't sit.

Yes I guess he's completely right to and that -- fundamentally the IMF for the European finance ministers have slightly -- -- views on how they going to.

Helped weaken these figures to give the Greeks a bit of an assistance beyond method looking for basically -- write down in the some of the debt.

Where is the European finance ministers quite frankly want to extend the timeline which in itself phase two and a certain extent writing down the -- anyway but.

It fundamentally think they sit on other opposing sides they what's on this work well into the night early morning hours.

Period in Europe they gonna come back again -- have another crack got -- on Monday.

I'm sure they will get it puts a bet one way or another come Monday.

But it's it's a slight delay and let's face of the Greeks it's it's about time they -- may be where we're sitting on the sidelines which fathers.

And writers is also reporting that a document prepared for the meeting showed that Greece's debts can only be cut to sustainable level it.

Eurozone countries except losses on their loans that happens provide additional financing or.

Force private creditors into selling Greek debt at a discount you see any of those options happening.

It.

Are something he's gonna have to happen because ultimately the that the sort of debt GDP ratios that -- are looking for a 120%.

It's amazing talking this thing keeps me -- down the -- the austerity measures that are being effectively forced upon the Greeks means that they GDP keeps drifting have a lower levels.

So I were in order to meet this sort of criteria it just doesn't say it's not gonna add up at the moment.

Quite frankly regardless of how how strictly based -- hits -- all the measures that they've already.

Set themselves up -- so yes.

There is gonna have to be an extra stimulus puts into this equation.

What it will be is it's hard to say.

The European finance ministers at their at this point to top -- their -- issues on the right place that.

I think short term pain is unlikely to be their favorite option.

Hence that there unlike unhappiness with the IMF's decision sit right down some of this debt I think a timeline fact that it's gonna be much more palatable something they can absorb into -- biggest ever number of years.

All right that's Alastair MacKay -- IG markets in London -- pick stocks just to thank you.

It's okay just by.

And there -- now from Deere & Co.

the maker of construction and farm equipment is reporting a profit of one dollar 75 cents a share.

Falling shy of the estimate for a dollar 88 revenue came in at nine point 79 billion dollars that was -- beat the expectation there was for eight point 85 billion.

Meanwhile it's one day after prosecutors charged former SEC capital employee -- Matthew Mark -- and what they call.

The most lucrative insider trading case ever we will be watching this -- closely.

March coma allegedly brought in profits to Steven Cohen's hedge fund firm.

Totaling 276.

Million dollars in the summer of 2008.

Using into credit -- insider tips that he got from a doctor about a drug developed by eland and Wyeth now calling.

Is alleged to have personally signed off on -- transactions.

Matthew Mark Tillman is the fifth person associated with SEC to be charged with insider trading.

The criminal complaint doesn't name calling but -- list him as the owner of SEC capital.

Now on this busy travel day let's check in on what the -- going to bring you with meteorologist -- -- believe that the Fox Business weather center -- Maria.

Hey good morning thank you to see good morning everyone -- continues -- when doing any traveling today when -- -- busiest days.

-- traveling of the year right before Thanksgiving and it looks quite across portions of the east and midwest.

And even across portions of the south the only trouble spot really will be across portions of the Pacific northwest that's where we have a storm system.

Bringing in some rain and very strong winds.

And otherwise and the other issue I could see early this morning could be some dense fog causing some isolated delays in an -- -- Chicago's O'Hare airport again otherwise.

Very quiet and -- temperatures are pleasant.

We'll take that Maria thanks -- But think that look at commodities now oil and gold -- both -- Imus in the morning continues right now on Fox Business.

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