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Imus in the morning program on the -- -- Good morning everyone my name is dismissing -- had allegations pointing to a Chinese military unit.
As a source and a massive US computer hacking efforts.
The Chinese Foreign Ministry called the claims ground -- in response to report by Internet security company Mandy and which says it traced more than 140 major hacking -- -- to military building in Shanghai.
The report says it -- targeted twenty industries including military contractors.
And companies with access to energy grids China has frequently been accused of hacking that says it's strictly outlaw the practice.
And -- that it has been the victim of such crimes.
Checking the markets now here in the US be returned to trading after presidents day and futures are up across the board Dow futures are nineteen.
-- -- of one and a half the NASDAQ -- -- over in Europe German economic sentiment came in with a better than expected reading for February.
Jumping to 48 point two from 31 point five in the prior month.
Stocks there are also in the green across the board London -- twenty -- is up about forty in Frankfurt up almost seventy.
Let's take a closer look though what's moving those markets with Peter Dixon -- like -- economists.
-- Commerce Bank over in London.
-- this Swiss people are preparing to vote next month on a referendum to decide whether shareholders.
Should set top executive pay now poll shows.
Majority may vote yes the industry lobby group though -- that it will drive out taxpaying companies what do you make of the debate and how do you expect this to play out.
Well I mean I think -- Bosses pay is clearly a big issue across the whole of the world but particularly here in Europe where.
I think that served -- has being as significant widening of the gap between -- and and the proceeds how adults.
It's likely that some there will be -- Some form of caps on executive tag on -- simply because.
Think it's a as a way to assuage shareholder anger.
That it doesn't mean of course it's.
Companies -- show -- to -- -- best talent may struggling future to do so and I think it may be one of those things we've checked.
Put Europe at a at a -- -- -- it's going forward but nonetheless seems to be doing with electrician in in many countries is actually need.
I'm -- if the shareholders don't like the pay package can't they just.
Get -- -- -- their money else there.
-- -- -- amounted visible -- the massive is that we've got a number of active -- hedge funds in particular week shows.
That do you know move their money around in in -- in a bid to express that dissatisfaction with these kind of this kind of policy but.
Simplify pleased that shareholders tend to be fairly slow moving.
When it comes to read this kind of this kind of debate coming generally what happens is that they hound over responsible you wanted to company to the board.
On the board makes decisions in the shareholders -- to act in the background -- and collecting dividends that says -- from now but.
Shareholder activism I think is something which showed -- said but we've -- off the ground.
In in many policy you just yet from the hedge funds are at the forefront of that maybe of this we'll have to follow.
And pair might catch on this could be -- the EU's third poorest country is -- -- apply for Euro membership in the next few weeks as well look kind of effect.
Will this have on the eurozone does it really need -- -- countries joining a group.
Well in part one have an awful lot of like a part -- -- -- it's it's gonna have a billion -- the -- -- -- but let's.
Their mind of course that that many of these Baltic Countries have.
A try very -- to keep their exchange rates steady.
Right thought the crisis in -- -- competitors healthful food for union membership I think the general -- -- optimism can be slightly wants to be part of the bigger blocking Gibson back to stability.
But of course when things go almost syndicate Cyprus -- can be very much double it still.
Analysts -- works -- that's Peter Dixon over Commerzbank Thanksgiving.
And we have results in now from Earthlink CIT's services and communications provider broke even.
For the quarter the estimate was for a loss of three cents a share.
Revenue came in at 331 point six million dollars the estimate there 328 point four billion.
And we're getting earnings in from El Paso Electric the electric utility is reporting a profit of twelve cents a share that fell short.
Of the estimate for sixteen cents revenue came in at 125.
Point nine million dollars well short of the 191.
Point seven million analysts were expecting.
And we'll get more earnings today as the day goes on we already have Spirit Airlines reporting a profit of 27 cents a share three cents better than expected revenue of 328 million.
Also -- beat.
Analysts estimate Medtronic earnings will come in at 91 cents a share on four billion dollars in revenue and after the bell Dell is expects to report a profit.
Of 39 cents a share on revenue of fourteen point one billion dollars we'll have those reports that of course -- the -- that cross throughout the day.
-- here's a look at commodities now oil and gold are mixed this morning we have oil down almost fifty cents gold is up about three -- Imus in the morning continues right now on Fox Business giving you the power to prosper and.
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