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Imus in the morning.
On the fox.
Good morning everyone will be watching the Dow again today to see if they can keep the momentum going after the index jumped.
To a new record high yesterday the blue chips gained more than 125.
Points to and the day at 141253.
After rising to 14100286.
During intra day trading.
Both of those numbers top the Dow's previous record highs set back in October.
And those new records marked the end of a long road back following the market crashed.
During the financial crisis five Dow components have played a big park in that recovery.
IBM Caterpillar 3M Chevron and United Technologies where the biggest drivers among the -- thirty components accounting for about 13.
Of the rally there were also other milestones yesterday as -- members Walt Disney Home Depot Johnson & Johnson again 3 AM.
And travelers all closed at record highs.
Meanwhile look at markets today we've still got green hours across the board Dow futures are up 48.
-- -- a piece of six same goes for the NASDAQ in Asia Japan's Nikkei jumped to more than 2% to close at its highest level.
Since September of 2008 and we agree -- across the board there is welcome and similar numbers out of Europe this morning London's up 25.
Paris is up about nine and Frankfurt's up.
Let's take a closer look now what's moving the European markets -- Brenda Kelly.
An analyst at IG markets over in London and -- -- and the only Governor Mervyn King came out today saying.
That the proposed bank bonus -- being discussed in the EU won't be as effective as supporters -- won't be as bad as critics argue but he does say they'll be a distraction.
And this comes as UK chancellor George Osborne is vowing to water down the rules.
As other leaders are saying the deals crystal clear and are calling for maybe even banks salaries.
To be affected by this so what do -- do you make of this seemingly huge divide between both sides of this debate.
I think that's the main issue there is a massive divide there and -- obviously the UK depends a huge amount that's financial sector.
I think the main loser in this if it does go ahead on uncle of course it -- door -- -- -- doesn't find a new poll in this situation from the directive is got a wind effects and the ongoing.
I -- put from the UK and of course the revenues will fall as a result so in some respects it's going to be and it's it seems like -- one of a punishment for a for possible past -- spreads for the banking sector but ultimately what a -- do was affect the balance sheets of the banks in question which have raised their expenses.
And of course you won't be additional back any of those and -- honorees if and when any sort of misstating and it comes to light later on down the line.
So I don't expect there to be a little bit about problem without going forward and already.
The finance ministry and minister in Germany Schiavo.
Has already said that there should be something done with the with this that legislation that would encourage Britain to sign allow -- -- rest of the EU member states.
And -- has been a lot of talk about the UK's relationship.
With the EU and general even a possible referendum coming soon on its membership -- think it's a fact that.
I think it's as a pretty much highlights exactly the difference there is under the fiscal policies that -- with different countries and of course the UK does not share the currency of the year and yet it -- -- It is being an -- Governed by the laws of the European Union so I think there may be problems have fought and of course -- referendum isn't due out.
Further five years so and -- and -- in the minutes and and and in the meantime a week is a long time politics.
All right that's Brenda Kelly IG and money we appreciate it -- thank.
I can now let's get the latest on weather for meteorologist Maria Molina in our Fox Business weather center -- -- Think -- -- and today we're tracking the storm system that will produce all kinds of travel troubles.
At the airports and on the roadways across sections of the mid Atlantic and also into New England today it has very strong winds with it along coastal areas.
Gusted to fifty even sixty miles per hour will be possible gusts to thirty and forty miles per hour in areas a little further inland.
And the -- another big story DC that's -- -- coming down since early this morning just think -- DC.
When you actually have some areas of heavy rain -- parts of Delaware really won't be picking up that much snow -- -- to warm.
Higher elevations of Northern Virginia West Virginia and Pennsylvania could be picking up significant snowfall accumulations.
All worry -- in some areas and up to twenty inches of snow in parts.
Others say a West Virginia so we have winter storm warnings in effect day and winter storm watches have been issued across sections eastern Massachusetts Rhode Island and Connecticut.
Because we're expecting big time snow accumulation there as well.
As we head into Friday morning.
All right that's Maria Molina from the weather -- thanks Maria let's take a look at commodities now.
-- -- -- -- now makes oil still down by about twelve cents gold goes in the green now by about twenty cents trading 1575.
Imus in the morning continues right now on Fox Business giving you the -- across.
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