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This is the -- -- sort of more important.
-- on the Fox Business Network.
Good morning everyone it looks like the IRS is targeting of applications for tax exempt status by some conservative groups in recent years.
Is deeper than first thought.
Documents obtained by Fox Business show that as early as march -- 2010 the government began searching for applications involving the Tea Party.
Patriots and 912 as well as those that contain phrases.
Like we the people take back the country or those advocating to make America a better place to live then looking for statements -- criticized other country's being run.
The details emerge from an audit by the treasury inspector general for tax administration.
Following complaints during last year buys several conservative groups that they had been singled out and subjected to excessive and inappropriate question by the IRS.
The reports expected to be released this week.
Republican lawmakers have blasted the agency -- Lerner director of the IRS tax exempt office of the practiced was absolutely incorrect and inappropriate.
Here's a look at the markets now here in the US futures are in the red across the board we've got Dow futures down 42 suvs down about six the nasdaq's down almost twelve.
In Europe finance ministers will meet in Brussels today interview programs for Cyprus and Spain and they may sign off on aid payments to Greece who got -- there in the red.
-- down fifteen Paris is down about eleven -- down 35.
Ever more on -- European markets let's go live to London where we're joined by Alistair McCain market analyst for IG good morning Alastair there were some large protest.
Across Spain this weekend -- unemployment there hit 27%.
Have -- -- new recommendations on how to fix that problem.
Morning -- unfortunately -- -- the very short cents a I mean now we have got to Euro group meeting going on in Brussels today with all that the key had to finance that from the seventeen nations.
I certainly the equity markets would -- would love to think that something might that come out of this.
Other than may be and increasing that timeline for repayments of debt.
Short term it seems unlikely that any new policies.
Might -- come out of this meeting but I guess when we look at -- Spain and set Portugal.
That that having their Iberian peninsula.
Meeting themselves today to discuss that a number of issues that affect -- -- those countries.
-- I think when we look at that they're not really on -- and there are a number of other countries.
In the -- -- -- increases well which have pretty high unemployment levels when you drill down a little bit further from the types of unemployment levels which about enough -- they are about 25%.
In all of those countries that youth unemployment is is is pretty willful across the board and that's really the main area that -- need to target.
And Alice -- he's been officials when these countries that are having similar problems try to get together like Spain and Portugal.
Are doing today is that something that you would recommend and what kind of resolutions can they come up with.
But I'm in reality I guess about the biggest benefit that's gonna come from Macy's the shot is the fact that a from the -- set points of view -- looks like they're doing something but more importantly.
When we also have a year is saying meeting going on to -- It does highlights their issues in a pretty large scale last format.
Ahead of these meetings and I guess might help to re -- them up higher up the a sort of priority list of the EU.
-- -- Alastair McKay -- -- do we appreciate it Alastair thanks.
It's and that's -- reserve has developed a strategy for winding down its unprecedented bond buying program aimed at boosting the economy.
The lawsuit -- reports that officials are planning to cautiously reduce the 85 billion dollar month program.
Based on the confidence about the job market and outlook on inflation.
But the timing of just went to start that process is still being debated the journal says -- Central Bank is also working to clarify its strategy.
So markets don't overreact stocks and bond markets have taken off since -- The Fed said in September that it would increase the bond buying program with the Dow and S&P 500 setting new records on Friday.
JPMorgan Chase chairman and CEO Jamie Dimon reportedly says he may consider leaving the bank if shareholders vote to split his duties.
Fox Business is Charlie Gasparino reported last week that friends of diamond said he couldn't be rolled out that such a move would push him to resign from the bank.
According to the Wall Street Journal.
At first diamond wouldn't comments during a private meeting at the bank's -- -- corners on what he would do -- that vote went against him but after being pressed he said worst case scenario.
Would be to leave the bank.
The potential vote to split -- -- comes after more than six billion dollar trading off last year.
Raised questions about risk oversight at the bank and -- take place next Tuesday at -- annual shareholder meeting in Tampa Florida.
Here's a look at commodities out of that oil and gold traded to the downside -- done little more than ninety cents trading around 95 dollars a barrel.
Gold is down about six bucks at 1430 announced.
Now here's the I man live on Fox Business giving you the power to prosper.
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