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This is the Imus in the morning and on the fox.
-- -- -- Good morning everyone let's start things up with a live look at the markets here in the US futures are now up across the board after being mixed.
Firm most of the morning we have Dow -- up seventeen entities -- one and a half the -- -- Q in Europe.
It really sold the maximum amount of bonds that it planned to offered a debt auction this morning the borrowing costs soared ten year bonds sold.
With a yield of four point 83% up from four point 17%.
Last month also the forward looking German consumer confidence survey for march edged up slightly from this month stocks in Europe are also.
In the green across the board after being mixed earlier we have.
London Paris and Frankfurt all let's take a closer look -- at what's moving those markets now with you noticing -- a market analyst at city index.
Over the monetary everyone's talking about how this -- election.
Is -- big shock to those who thought the worst was somehow over for Europe but how much of a fall out are we talking about here how Long Will this last.
At this stuff -- -- potential to go on for quite some time -- -- What would really -- anything that's really come out cleaning from the elections isn't that.
It's really is until Steris say now the ECB of off with the backdrop of the support.
Key European countries -- -- say good agree.
To austerity manages and then the thing is it seems that it's he really is no crying today that.
Even if they -- -- managed to form a culmination government and we get a government -- Is it ain't going to be strong enough to be able to implement the reforms -- -- does seem an Arabic TVS right now.
Says even though the market RIC daring real -- bad today considering what's happening.
They're the potential of this week -- don't quite some time yes.
And what does this do for Italy's dealings with the European Central Bank.
But it -- I think this really does create a problem because of the said the ECB is -- -- waiting to support.
And offer a backstop.
Full of these countries it -- they request the help them be.
That she agreed -- anxious that the ECB wants to happen in -- FP is the eighth -- is not all kinds of -- -- guy.
Said this is why we could ICC and some -- big programs theories and have been very calm we've seen a lot of sort of trying credits say.
Cross -- is and it the last six months I think perhaps an exciting is set to change -- quite Jurassic play.
All right well let's Genesee -- at city index will be keeping an honesty on -- thank you.
-- -- And we have earnings and now from ITT industrial conglomerate is reporting an adjusted profit of 37 cents a share -- -- we estimate by a penny.
Revenue came in at 554.
Million dollars that also topped the estimate for 537.
Point six million dollars the company also is boosting its dividend 10% to ten cents a share.
A senior house Democrat is set to unveil plans today to avoid automatic spending cuts that will otherwise.
-- -- on Friday congressman Adam Smith's legislation reduces the deficit by cutting nearly 170 billion dollars in national security spending.
And more than 150 billion in -- -- spending over the next eight years starting in 2014.
Smith says while the measure will help avoid a -- across the board spending cuts he thinks it will be difficult sell.
Two fellow lawmakers meanwhile the senate is expected to hold -- and a democratic and Republican plan.
Tomorrow now keep in mind while the cuts are set to take place in just a couple of days there is some chance for deal even after Friday's deadline provisions are in place.
To preserve the most crucial federal services and furloughs of federal workers are at least a month away.
Fed Chairman Ben Bernanke will be back on Capitol Hill today as he goes before a lawmakers in the house where he'll likely defend the central bank's policies again.
He did that yesterday while giving its semi annual report on monetary policy to the senate.
Bernanke also work to ease market worries over an early end to the Fed's bond buying program but did say.
The Central Bank has the tools to exit in a timely fashion.
He also urged lawmakers to avoid the automatic spending cuts set to go into effect on Friday.
Sang along with earlier tax increases they could create a significant headwind for the modest economic recovery.
The Federal Aviation Administration is disputing reports that it's close to -- test flights.
To check -- proposed fix for Boeing 787 dreamliner is troubled batteries -- FAA spokeswoman tells Reuters those reports are completely inaccurate.
Regulators grounded all fifty of the 780 sevens in service worldwide after batteries overheated on two planes last month.
Boeing proposed several changes for the batteries last week including.
A stronger containment box and more inflation but investigators in the US and Japan still don't know what caused those batteries to overheat.
Here's a look at commodities now oil and gold -- mixed this morning oil's up by about twenty cents -- down almost ten bucks Imus in the morning continues right now on Fox Business.
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