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This is -- Imus in the morning.
On the fox.
Good morning everyone it is debut Treasury Secretary Jack clues European trip.
And -- -- heard about his meeting with German finance minister Wolfgang Schaeuble.
In Berlin that you held a news conference of following that meeting in -- Chester -- Treasury Secretary mentioned.
That the US economic recovery is gathering strength and that the US has an immense -- In a strong Europe Lou added at a banking union is key for ensuring long term stability in the Euro zone and he says the driver for economic growth.
Must be consumer demand policies he says have to encourage that.
To be helpful.
This next up is France.
Checking the markets now here in the US -- isn't fairly flat this morning at Dow futures down by one -- and in Europe markets are reacting to a Chinese report that showed consumer inflation cooled their stocks are up across the board of London.
Gaining 23 so far -- is up about when he and Frankfurt's up almost four.
Let's take a closer look bell at what's moving and those European markets with Jane Foley senior currency strategist.
At rabobank over on Monday and Jane German exports and imports both fell unexpectedly at every and -- isn't looking to encouraging either it's just to trade balance.
Wide in but the bank of France.
Still says GDP rose by point 1% or will rise this quarter so what do you make of that forecast and how concerning -- these numbers.
-- is that within -- lots of seconds and send just about where its GDP will -- whether it will for above back says CNN knock on not this year but it's about.
The competitiveness of that country and then again that's been -- -- a lot of attention.
At consent seven needs to be more structure reform in that country sit at fonts in in.
-- the -- set this year but it said at a lot of mistakes that we're getting up from Europe and recently just remind us.
At that region as a whole icicles in recession.
And -- and looking at this.
Jack you schaeuble press conferences you've been pretty far apart in terms of growth -- austerity.
Does it seem like they're reaching more of a middle ground here into the matter.
When it doesn't answer of course is very difficult to let that continue to adding an extra -- -- when your country's in recession and this is a big -- figure has been for the last company is -- At my -- to conflict monogamous about it.
We need got to start tee and to bring this budget deficits that against the argument that too much austerity is prohibiting the -- There is going to be some degree of of compromise but I do you think that that we -- it at recession.
Assists in Europe -- that will be more protests this year against austerity.
As Jane -- -- rob a bank we appreciated and thanks.
And we're getting earnings in now from -- that's a supplier of commercial cleaning products is reporting a profit of twelve cents a share topping the estimate by a penny.
Revenue though is a mess they came in at 163 point four million dollars the estimate there was for 167.
And the commodities futures trading commission is investigating whether interest rate contracts were manipulated by traders and brokers on Wall Street.
According to reports the agency has issued multiple subpoenas to banks and brokers.
Who take part in this setting have a benchmark daily rate which is made up of submissions from sixteen of the world's biggest banks.
One report says that -- your dealer broker I cap was one of the -- subpoenaed.
Traders have reportedly been expressing concerns that interest rates swaps are just as vulnerable to manipulation as the London Interbank offered rate or Libor.
Remember probe into the manipulation of -- led to billions of dollars in fines for international banks including UBS and Barclays.
Shares of JC -- meanwhile -- trading lower in the premarket after the company's board ousted CEO Ron Johnson.
That move came after Johnson's yearlong effort to overhaul the company replacing sales of everyday low pricing.
Aimed at boosting disappointing earnings and revenue Johnson was later forced to roll out -- again on certain items.
But JC penny stock took -- dive in extended trading after it was announced that former CEO Myron Ullman the third.
We'll replace Johnson effective immediately and has also been appointed to the company's board of directors the boards also reportedly facing major criticism for Johnson's exit.
An -- -- return according to Reuters there's at least one call for the entire board to resign other suggested shareholders might vote out.
Current members at the company's next annual meeting.
United Airlines is putting the Boeing 787 back on its flight schedule next month even though the plane still grounded by the Federal Aviation Administration.
One of the united sixteen -- is due to -- from Houston to Denver on May 31 and the carrier confirms international flights will resume on June 10.
The FAA still needs to approve changes to the lithium ion batteries on that plane after they overheated on two separate planes in January.
United is the only US airlines was flying a 787 before the fleet was grounded earlier this year.
Here's a quick look at money well at Wimbledon that now mixed Imus in the morning continues right now on Fox Business.
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