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Not -- -- Diana you've been sitting in the morning's business headlines a threat lies used sort of alluded to Connell the IntercontinentalExchange.
And we're expecting at least.
Will announce a deal this morning and it's taking over the nice to Euronext Charlie -- is doing some reporting on -- -- they are still sorting out some deet tails.
But he's expecting the deal to come through at about thirty dollars a share -- that a 25% premium.
And trading in those shares have been halted pending news we're just finding this information -- now so we're awaiting that announcement any minute now.
Our active enough so that to be one of the big things that breaks -- this morning let's bring -- the market so we can look at some numbers here for you real quick across Asia.
Mixed -- in Japan by more than 1% of the other markets.
Were up across the board in that region European markets which morial talked more in detail about the minutes are up but not by much less than -- tenth of 1% -- London Paris and Frankfurt Germany are stock index futures ahead of the -- Wall Street opened it had some economic data coming up later on are not moving whole heck of a lot Dow futures up only three points.
This morning and a quick look at how commodities so much better -- -- -- at the bottom your street your second the oil price or almost ninety bucks.
Gold is up by a dollar eighty -- -- what is from Darden Restaurants -- -- company of red lobster and the olive garden.
It's a profit 26 cents a share right in line with analysts' expectations with the sales that.
Just about what was expected as well.
Just under 2000000001 point 96 billion just slightly above the expectation more.
Old enough of those -- down.
For more on European markets as -- Let's go live to London for that we're joined by Joseph Rundle head of trading ETX capital show good morning to you -- the fiscal could -- in Washington.
Impacting things across the -- Kind of feels a bit like we've sort of selling into this -- if we had get a deal for the fiscal cliff.
I'm that is gonna be solid facts and nothing there's going to be really Nazi selloff if we -- that they'll say.
The -- -- struggling to get above 6000 to -- so much incentive spend.
We've seen a lot of selling at these levels.
Not much incentive what about these global.
Central banks all around the world I should say you know just easing in the Bank of Japan today you know we know that -- the Fed here last week another round of quantitative easing I mean what's better for the stock market then and that.
Yeah it's good me it just feels very little bell hi yeah and the taxes on a 52 week high alongside the French markets.
There's still a lot of unanswered questions in Europe and I think come January.
And the Italian elections gonna start dominates and bring -- -- of uncertainty.
And I think the markets' really gonna try and push yields popped -- and Chong foresees eBay into putting the trigger on the guarantee for -- Know much about politics these days show when our market participant you're gonna get to focus back on fundamentals and the valuations are healthy.
You have valuations are healthy.
-- this is the paradox the trained right.
That corporate balance sheets -- good and they got a lot of money that let them CEO's don't know what to do with that cash and amendments and I think we really need some sort of growth relative to governments.
And Central Bank has to try and provide some crisis but in Europe it feels like we're not gonna get Christ in 2013.
And let's it comes from may be the emerging markets in China.
We'll expect glass half full outlook don't really appreciate it there I don't know if -- really appreciate your now it is important stuff had a trading at each -- its capital once again many thanks Jeff.
-- -- -- the stakes have been raised an official -- showdown in Washington.
House speaker John Boehner now say the house will pass this plan B to avoid tax hikes but the present is threatening a Vito Fox Business rich -- -- -- down for you from DC.
The house votes later today on the Republican plan to avoid a broad based tax hike in January.
The proposal protects annual and investment income of less than a million dollars from a tax increase and also allows tens of millions of Americans to avoid paying the Alternative Minimum Tax.
-- -- John Boehner has introduced this proposal in response to what he says is an unbalanced offer from President Obama.
The house will pass legislation.
-- to make permanent tax relief for nearly every American 99 point 81% of the American people.
Met a president we'll have a decision about.
-- you call on a senate Democrats to pass that bill.
He can be responsible for the largest tax increase in American history.
We're gonna wait and see if they pass but there is no way this plan passes in the senate no way.
If the house passes the Republican tax plan there are three likely outcomes this fiscal situation.
The senate changes the house plan.
The president and speaker reach a compromise deal or billions -- automatic spending cuts and tax increases begin to hit the economy in less than two weeks.
-- aren't rich rich -- there in Washington DC of course many of us there are shopping.
Online this holiday season it actually has the shipping giant UPS -- this -- than it's ever been before.
Today's to be -- busiest day of the year try to get the last minute packages out on time and Adam Shapiro has an interest in -- of reporting ahead of these live at the UPS world -- international air -- Located in Louisville, Kentucky and he joins us now good morning out of.
And a good morning it's you -- that's right this is the largest facility air shipping facility that UBS has.
Worldwide and today they're going to share.
Throughout the United States when he eight million packages they go -- these containers.
Right here it is the -- to Chris is that -- knowledge you know this thing when it's fully -- 2000 pounds of -- it's not that the dark figure out exactly -- sexy you know -- But take a look at this in the warehouse facility.
Everything is on wheels.
So it's easy to pull something that would way.
2000 -- this goes on the airplane 263.
Aircraft to the United States they charter several more aircraft.
During the peak season which is state 500 million packages.
That will be the liberal bull why take a look at some of the video we've already shot because again this is the -- -- for that.
28 million packages 300 packages -- second.
That will be delivered throughout the United States actually world -- would you consider it.
They -- on 55000.
People seasonally to help the work force which is about or and 3000.
Throughout the entire book so I thought a lot of statistics Q what does this all all boil down to it -- -- -- you get your packages for Christmas.
This is UP s.'s -- day of course FedEx had there's about a week ago.
But today it is all hands on deck down a bit of a break.
Peak time was 230 to 4 AM this morning the aircraft for leaving from the airport.
Nine yeah it was a flight every ninety seconds.
It's raining right now you mentioned the blizzard in the midwest we're getting the -- right here political outside series of the -- little bit later throughout today.
We're gonna be -- into some of the people that thousands of men and women 23000 right here in Louisville.
Who bring the packages to you get them on time but think about that really -- is coming through this facility today.
28 million packages today throughout the United States.
500 million packages but -- entire holiday season -- -- I just wanna do it again not because it -- anything imported but it's really -- -- pull this thing now feel like Hercules.
Definitely got all the very impressive Shapiro very very very impressive and we'll look forward to your reporting throughout the day Adam Shapiro -- no more actively if Hercules yeah that's him now for.
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