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Baxter To Buy Gambro in $4B Deal

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    FBN’s Diane Macedo breaks down the stories moving the market ahead of the trading day.

  • Duration 5:02
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This is this Imus in the morning from.

I'm on the phone -- Good morning everyone I'm -- -- we have the deal this Tuesday morning Baxter International is acquiring Swedish medical company gambrel.

In a deal worth roughly four billion dollars ever develops dialysis products to treat patients with acute or chronic kidney disease.

-- purchase will give the US health care company a comprehensive dialysis portfolio.

-- complement the firm's global home dialysis products.

The deal expand Baxter's worldwide footprint allowing the Illinois based company to accelerate sales in Europe -- -- has an extensive presence.

Tell brother says new orders in the fourth quarter rose sharply from last year suggesting the US housing market.

Is on its way to recovery new orders -- 70% nearly 11100 units the largest US luxury home builder reported a net profit.

Of two dollars 35 cents a share but that includes a net tax benefit and nearly 351.

Million dollars yes that was for profit of 23 cents.

Revenue rose 48% from last year to nearly 633.

Million dollars.

Topping expectations.

But take a look at the markets now here in the US futures are still in the green we're seeing.

Dow futures up seventeen yes -- -- two and -- nasdaq's up for in Europe.

-- -- ministers again failed to reach an agreement on banking supervision at their meeting in Brussels they will meet again now.

On December 12 stocks there are currently up across the board London's up about three Paris is up 27 and Frankfurt's -- 2.4.

The figure closer look though what's moving those markets with Yahoo! Randolph director of sovereign risk -- I just global insight in London -- Again no deal on this bank supervision what happened that the finance ministers can't find some middle ground on this by the end of the year.

Well -- and they agreed that they will come through some sort of agreement.

But now everyone wants to have this banking union.

Everyone understands that root -- supervision of supervisory role.

Bank resolution about on capitol so deposit guarantee in order of contentious does that mean this -- that he be the actual supervisory role.

Everyone -- the ECB how.

Auction his powers extend should be old 6000 bucks or just the too big to -- -- the the -- -- across Puerto launch assets.

And now and John if they do reach an agreement next week they could still.

They do still need to European Parliament to give its approval -- so are there any roadblocks expected there.

Well that's the thing is that nobody wants is back can union but -- when they start talking about the the other thing to consider as much as the Euro -- government since the British and the Swedes outside the Europe.

-- Europe.

Europe's financial Centre is sold under most well a good -- of old trading in euros of different kinds derivatives cash hoards.

Is done in London outside -- and and the brits not actually.

Don't have rules imposed on them with -- new big.

Banking union.

-- the agents all the ECB.

I think they won't come to an agreement because they have to the political will to do senator is that.

But it will take time as under my -- said we want quality rather than speed when it comes to banking news.

-- is there any feel for what -- resolution might be on how to handle those countries that have money in euros on banks but aren't actually part of the eurozone.

-- -- -- really interest in one obviously the British wanna have that.

Interest safeguard its and then but when the -- say that the French turned round and say well that's equivalent to -- I -- even a member of the Arizona parent -- It seems to be the theme going on right now a lot of negotiations -- not very many agreements just yet but we'll see how they do that young ran up and I just global -- thanks down.

And lawmakers have launched a large increase in nearly six billion dollar trading loss at JPMorgan Chase Fox Business -- -- exclusively.

That a senate investigations subcommittee has questioned more than eighty people over.

That loss revealed in May and CEO Jamie Dimon testified export to other congressional committees in June.

Emphasizing losses were absorbed by the bank's own capital reserves and affected shareholders not taxpayers.

The latest -- committee is chaired by senator Carl Levin who's been one of Wall Street's most vocal critics.

Sources tell Fox Business that despite the wide -- the subcommittee is casting here.

The probe doesn't mean it will file any charges against the bank cold formal hearings.

Or issue any reports about the losses spokespeople for both senator Levin and the bank declined to comment.

Here's a look at commodity producing oil and gold now in the red -- done about 75 cents trading around 88 dollars a barrel.

Gold settlements seventeen dollars and seventeen -- four announced.

Imus in the morning continues right now on Fox Business.

Giving you the -- across.

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