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Whose -- Imus in the morning.
-- on the Fox Business that.
Good morning everyone President Obama set to announce his nomination to replace Treasury Secretary Timothy Geithner.
Sources tell Fox News of president -- -- White House chief of staff Jack Lew as Geithner successor likely.
By the end of the week.
Geithner said for more than a year that he'd like to step down from the position spend some more time with his family.
-- expected nomination is a sign that the president knows his next Treasury Secretary will be on the front lines of some major budget battle starting.
With the debt ceiling negotiations during the last debt ceiling fight in the summer of 2011 -- served as white house budget director and clashed repeatedly with Republicans.
Advisors to the president say -- deliberately kept a low profile during the recent fiscal cliff talks.
In an effort to not fuel tensions with GOP leaders.
Earning season is set to kick off after the bell today with the release about how its fourth quarter results.
The aluminum producers expect to report a profit of six cents a share on revenue of nearly five point six billion dollars.
And that's compared to last year's adjusted loss.
Of eighteen cents a share on profit of nearly six billion dollars -- -- performance has been hindered by weak aluminum demand and prices.
As result of the struggling global economy specifically slower growth in China and the debt crisis in Europe.
Two weeks ago Moody's warned that it might downgrade -- -- which could -- the company's credit.
In junk territories will be watching that one very closely checking the markets ahead of that.
Here in the US futures have been searching for direction this morning we're -- a mixed market now with Dow futures up by four points.
Guess -- he's down about half a point in the nasdaq's up also fraction of a point burying Europe.
Despite some disappointing economic reports stocks there are in the green across aborted got London up seventeen.
Harris is up 24 and Frankfurt's up sixteen a -- a closer look now at what's moving those markets.
-- Josh Raymond chief market strategist at city index in London Josh.
Japan has announced that it will help Europe through its debt crisis by purchasing bonds issued by the eurozone bailout fund how optimistic should investors.
Be about this is this why we're seeing green arrows despite all the negative economic news you've gone from -- I'd say let's just would not get too ahead of ourselves they would that was it's time they've remained yes since it -- -- -- -- -- -- Euros and so when -- -- took to help.
The fiscal situation in Europe and and -- the European markets -- sovereign stress but markets but.
Realistically speaking this is another way of them tried to depreciate yen.
Who about century currency manipulation -- -- it in a -- -- because it helps drive there and exports like.
That's really what mysteries -- -- a lot of people in the market already seen the yen being progressively -- has actually strengthen and out of it today.
On the back of that and on the back of -- -- news -- they're expected.
From the package say I would say is it's too much for surprised but let's -- -- ahead -- ourselves isn't so much as solving the helping to solve the problem in Europe is more about.
Depreciating yen to help drive Japanese -- Rules and speaking of exports just German exports in November recorded their sharpest monthly drop in more than a year and German exports.
Has held up relatively well throughout the crisis so should we be worried that they're starting to lose their immunity and -- Yes certainly would be -- it's one of those things -- The strongest economy -- -- -- in -- is -- consent to -- the impacts of the problems and you found in in southern European countries like KeySpan inferences from now about a problems that contagion -- not just the German exports and so Citi imports tape.
Imports fell surprisingly by three point 77 mean can have up to the market was looking for -- -- -- -- of bit.
A point 4% -- not what does is that the weak exports we can Pulitzer has helped the to narrow the trade deficit but it and that the trade balance but -- -- has done also is a highlight potentially that.
In eight years and is gonna remain in recession -- for which we're probably looking at -- of potentially here in the UK.
That's Josh Raymond at city index and they -- not -- great news forest Jack but we appreciate having you on nonetheless thanks so much.
And AIG would just paid back of 182 billion dollar tax Payer bail out.
May see you Uncle Sam.
According to the New York Times court documents show the insurance company's board will meet tomorrow.
To consider joining 845 billion dollars shareholder lawsuit against the US government now the lawsuit claims.
The government's rescue of the company deprived AIG shareholders of tens of billions of dollars and took private property for public use without appropriate compensation.
Former AIG chief executive Hank Greenberg who still a major investor in the company.
Filed a lawsuit in 2011 on behalf of fellow shareholders he since urged AIG to join a case which could -- the government into settlement talks.
Here's a look act commodities now oil and gold are of we've got oil up about fifty cents holds a little more than nine dollars.
Coming up Imus is -- Martha -- -- Fox News and now here's the INN live on Fox Business.
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