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Europe Follows U.S. Lead to Ground 787s

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  • Description

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

  • Duration 5:00
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This is a good -- -- of the morning.

On the -- Good morning everyone -- -- -- joining the United States and grounding Boeing 787 dreamliner to investigate problems.

With the planes batteries Boeing shares are already down in premarket trading Japan's two biggest airlines took all of their 780 sevens out of service for safety checks.

After one of them made an emergency landing in Japan Tuesday also due to a battery issue.

The dreamliner had a series of problems since going -- service last year including a battery fire and fuel leaks.

Boeing says it's committed to supporting the Federal Aviation Administration finding answers as quickly as possible.

The FAA says United Airlines is the only US carrier using the plane.

And the 787 represents a leap -- in the way planes are designed and built but it's also been plagued with cost overruns and years of delays.

Another busy morning for earnings as well -- fox business's Liz -- in the newsroom.

With the numbers listen no we're getting some big names in say we already have BlackRock and now we're just awaiting the.

As ever again BofA is crossing right now -- a slight beat -- earnings per share its expectations were for two cents a share it's coming in at three cents a share but in this other revenue line.

Heidi expectation was 21 billion dollars in revenues -- across the wires right now other -- -- is posting.

Eighteen point nine billion in revenues for the fourth quarter.

And what's going on here is Bank of America it did book in its fourth quarter results -- big legal settlement eight in -- half billion dollars to settle the foreclosure.

-- problem that it had and it basically what we're seeing though expense is that the banks are at an all time high.

Both -- Bank of America both as also at Citigroup which is expected across the wires at 8 o'clock this morning.

Analysts were forecasting that Bank of America would post an 87% drop in earnings per share.

So the legal problems at the bank continues the pile -- underwater mortgages and assets continued to roil the bank's earnings results Diane.

Back to you and -- now we often get little news -- out of these right after we get the numbers are gonna keep checking in with you on this and of course.

We're waiting Citigroup numbers now to -- will be checking with you on those as well insurance costs.

We're also getting our native from UnitedHealth Group they came out with better than expected to result the health insurer reported a profit of one dollar twenty -- that -- estimate by at penny.

Revenue was also -- at 28 point 77 billion dollars this -- there was for 28 point 24 billion.

Checking the markets now here in the US futures have been searching for direction this morning we do have -- across the board now Dow futures are up six.

Yes and -- -- -- and the nasdaq's of five in Europe we're still looking at mixed market though ahead of more of those earnings as well as jobless claims here in the US and housing starts.

London's up to Paris is up.

About 27 and Frankfurt's down by eleven let's take a closer look now at what's moving those markets who will who by the chief economist at markets dot com in London.

Bill Sweden has joined this chorus of voices urging David Cameron to keep Britain at the center of the EU ahead of his speech on Friday worries -- you know.

Renegotiate the UK membership with the eurozone -- Like Britain Sweden belongs to the European Union but has an adopted the euros to desist give their point of view any more weight than other critics.

Well I think Diane what we're talking about -- done this five years ago seven years ago or -- everything join the European Union what I have a lot more -- but let's forget about the near term now.

Fraction but go back to two -- -- in the new term has -- -- -- you know Greece was gonna leave the European Union it was -- -- be a total disaster angular Merkel came agreed to the purchase prices.

But the key thing -- areas.

-- UK.

Can not afford.

To leave the Euro zone government -- go back and forth except except truck but the thing he has one of the talks is again we can't let the -- peoples and maybe we should be at the -- sound we haven't -- now -- could -- -- downgraded -- gonna have a very negative effect on on the currency.

But in reality.

And it is I think it's 4:8 AM eastern standard time this morning tomorrow morning which of course -- be up and listen to -- This could be a very dangerous situation -- -- even split.

The very loose coalition we already have so it could become a very not only political issue in the eurozone but a major political issue.

Here in the UK all right from Greg did you read it will see have plays out bill move -- -- market is dot com thanks they'll.

Right let's take a look at commodities now oil and gold -- mixed this morning we have oil up by about forty cents trading around 95 dollars a barrel gold is down a little more than a dollar.

At 1682 -- coming up this hour Imus is guess we've been our maker -- Imus in the morning and author Alan -- they'll be debating his tune -- watch.

And now here's the -- -- live on Fox Business.

Giving you the power to --

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