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Greece, Fiscal Cliff Drop Global Markets

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

  • Duration 5:06
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This is they -- Imus in the morning.

Program on the Fox Business Network.

Good morning everyone President Obama set to meet with more business executives this afternoon to discuss the looming fiscal -- The president will sit down with CEOs like Lloyd Blankfein of Goldman Sachs home Depot's frank Blake.

Marisa Mayer of Yahoo! Caterpillar's -- over home -- and Randall Stephenson of AT&T.

The meeting comes two weeks after the president sat down with another group of executives to discuss the same issue.

President Obama also met with small business leaders yesterday and plans to visit a small business in Pennsylvania on Friday.

As he pushes to gain support for his call to raise taxes on Americans making at least 250000.

Dollars a year.

The take a look at the markets now here in the US futures are down across the board Dow futures are down 33 BS and he's down five in the nasdaq's down almost eight.

In Europe markets are also taking a hit on fears over that fiscal -- Along with concerns that Greece's debt deal isn't clear enough and won't do enough to ensure that debt there is sustainable -- to currently in the red there across the board.

London's down seventeen Paris is down thirteen and Frankfurt's down.

Almost funny.

Let's take a closer look now what's moving those markets with IG market sales trader will headed.

Over in London will the celebration over this Greek debt deal seems to be wearing off on these concerns about clarity and the ability to ensure that debt is sustainable.

What's your take on that.

Well I'm not sure we had she did get that much in terms of celebration we've had some corners the market already come out saying this is -- a default by any other description.

And then the -- -- we don't know the price at which that the Greeks are going to be bidding for the debt people back means we're still somewhat in the darkest how how much the heck obviously gonna mean for a lot of European investors that essentially you'll site the states as well.

And Bank of England deputy governor Charlie -- is saying that officials should keep the option open to expand stimulus.

Even if its potency is currently diminished now we're seeing a similar debate year over US stimulus measures and I wonder at what point do these efforts lose their impact.

What is this is an interesting topic as well in the nerve because I was a loss and console side we've had the data coming out -- -- UK suggesting that a Saudi -- a third quarter than expected in -- either with the -- holding off.

-- -- a C minutes until a new year and especially now we know who's going to be running proceedings -- with the new government coming in next year.

So I thought really we all -- diminishing effect as we as we have seen in the US are -- I think it -- -- that we -- seeing different stimulus measures -- different take on TV and has -- towards -- Cost parent that we'll -- and it IG market does good -- you look thank you.

And we're getting earnings -- now from express the specialty retailers reporting a profit of twenty cents a share beating the estimate for seventeen cents.

Revenue came in at 468.

Point five million dollars that was -- slight -- while she was looking for 468.

Point eight million.

Shares of green mountain coffee though are up more than 218%.

In the premarket after that company reported better than expected quarterly results and raised its earnings guidance.

Green -- fourth quarter adjusted profit of 64 cents a share easily beat the estimates.

For 48 cents while revenues -- 33%.

From last year to nearly 947.

Million dollars also topping expectations.

The company which makes security brewing system and the K -- that go with it.

Raised its forecast for fiscal -- point thirteen to a range of two dollar 64 cents to two dollars 74 cents a share Wall Street was looking for 251.

One of the Federal Reserve's top official says -- Central Bank needs to use more monetary stimulus to tackle high unemployment and speaking last night in Toronto Chicago fed president Charles Evans said the Fed should keep -- -- -- near zero.

Until the jobless rate falls to at least six point 5%.

Evans argues that the move would carry minimal inflation risk and that rates could stay low.

For as long as the inflation outlook for the next two to three years is below 2.5 percent.

But Dallas fed president Richard Fisher also spoke yesterday in Berlin.

And he says the Central Bank could get into trouble if it doesn't set a limit on how many -- -- it's willing to buy.

Comments come just two weeks before the Fed's next policy meeting.

Sony reportedly has been approached by at least three investment banks offering to sell its battery business.

Sources tell Reuters selling the unit would help the struggling Japanese company cut costs.

And generate cash as it restructures its operations Sony's been hit hard by weak demand for its TVs in a highly competitive market.

The battery business employs 2700 people and had sales last year one point 74 billion dollars.

BY idea Chinese carmaker backed by billionaire investor Warren Buffett is reportedly among those potential buyers.

Here's a look at commodities now we -- oil and gold in the red this morning just like the markets -- currently down almost sixty cents.

Gold down about four bucks coming -- this hour Imus is guests will be Deirdre Imus and -- wheel and now here's the -- man on Fox Business.

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