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Greece Extends Debt-Buyback Offer Until Tuesday

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

  • Duration 5:07
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-- Imus in the morning.

-- -- Good morning everyone President Obama will be in Michigan today pushing his call for higher tax rates.

On the wealthiest Americans following -- sit down at the top house Republican on the fiscal -- The president and speaker John Boehner met at the White House yesterday to discuss the ongoing negotiations with 21 days left to reach a deal.

Spokesman for both leaders did to release details about the meeting but they did say the lines of communication remain open.

The president has been pushing for higher tax rates on the wealthiest Americans which -- And other house Republicans have been against they are demanding steep cuts to government entitlement programs like Medicare and Social Security.

Here's a look at markets now in the US futures are down across the board -- Dow futures now down about 180 S and he's down.

Almost three points the nasdaq's down about five in Europe there's some political uncertainty in Italy after prime minister Mario Monti said over the weekend.

That he plans to resign after his budget is passed.

Former prime minister Silvio Berlusconi is expected to run again also Greece extended -- debt buyback invitation that forms part of its international bail out.

For an extra day to get additional offers from bondholders there.

Stocks are down across the board in Europe as well London's down almost thirteen Paris is down about twenty.

And Frankfurt's down about 43 -- a closer look though.

What's moving those markets with young -- -- global head of market research -- rob a bank in London.

-- we make of this announcement for Mario Monti was as expected dollars is a surprise.

The time to it was a move a little bit more for them we were expecting but -- rule is going to be elections -- its leader much wrinkle -- February march.

That's a look at said a little bit billion expected -- multi basically say okay Abbas in the budget but that's it off -- -- freeing up the wrote it doesn't look like he's going to play a major role as a run himself for office.

But we can never exclude anything of course in the telling politics.

And on that note Berlusconi says he's planning to run again that is to be his fourth term in office but his record isn't exactly the best -- -- Does he really have a shot here.

Hope mr.

Berlusconi in my mind always has a shot because because Citi simply this man has has still.

Reasonably high approval ratings in Italian politics.

We should never discounted -- -- a couple of things to go -- Obviously.

Becoming back into the political arena will give -- some immunity which she needs from -- as is a lot of corruption case is running against him that's one.

Second be -- may be going to longer game here he will have a very difficult run though coming up Sparky only has 15% of the votes in the current bolster.

The -- -- still being updated my -- let's not discount demand also in its -- we frequently have elections so I mean maybe playing a longer game -- -- deafening the medium to long term.

-- -- -- -- All right that ELN -- at rabobank over London thanks -- And AIG has -- a deal with a Chinese consortium to sell nearly all of its airplane leasing business.

The firms -- by just over 80% of IL FC for four point 23 billion dollars and you'll have the option.

-- by nearly 10% more of the business the deal must be reviewed by the US committee on foreign investment before it's approved but if it is.

Proceeds from the sale will be used to pay back the US government for its 182 billion dollar bailout of AIG.

During the financial crisis we have some breaking news for you now from Boeing the company has landed a deal with Turkish Airlines.

For -- fifteen.

70 777.

300 planes there will -- give you more -- -- we get of the Boeing says the order is worth four point seven billion dollars at list prices.

A new report sent to come out today is -- recent new attention to the pay levels.

A senior managers at Fannie Mae and Freddie Mac according to the Wall Street Journal.

The report from the inspector general for the Federal Housing Finance Agency -- at the take home pay for roughly 2000 senior.

But non executive employees last year.

And it found that 333.

Employees at the vice president level had a median pay of 388000.

Dollars.

More than 16100 employees at the director level.

Had a median pay of roughly 205000.

Dollars critics in congress have said employees at both companies should face leaner -- -- both have been taken over.

By the government.

Here's a look at commodities now we've seen the markets to the downside all morning -- oil and gold have been in agreeing recent oil now up about fifty cents trading around 86 dollars a barrel their gold.

Is up almost eight dollars now trading at 1713.

Announce.

Now here's the I man live on the Fox Business Network giving view the calendar problem.

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