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This is the Imus morning program.
-- -- -- -- -- work -- Connell McShane.
-- good morning everyone and duration Fox Business headed -- global stock rally is under way this morning European Union.
International Monetary Fund combining to pledge nearly a trillion dollars to defend the Euro and US stock index futures -- absolutely soaring this morning there they -- fifty points higher and S&P futures a huge -- this morning central banks around the world.
Agreeing to -- public and private debt that should boost liquidity and lower borrowing costs as part of this the Federal Reserve is also reopened -- currency swap program.
Shipping billions of US dollars overseas big gains in the markets this morning got a heads of major exchanges including the New York Stock Exchange and the NASDAQ will meet with -- regulators in Washington today SEC chairman Mary Schapiro raging this meeting.
Discussing how conflicting trading rules may have contributed to the historic stock market -- that we saw.
And BP engineers are exploring ways to cap that oil spill in the gulf after a problem with the 100 ton containment device over the weekend.
The spill is now spreading to the west further away from the Florida beaches but moving toward the shipping channels and the seafood areas of the central Louisiana coast BP says the cleanup costs have now reached 350.
And in other news this morning President Obama will nominate Elena Kagan to the Supreme Court he'll make that announcement.
Later today from the White House right around 10 AM eastern time.
Kagan currently is the solicitor general and before that she was the first female dean of -- Harvard Law School the senate would still of course have to -- -- Let's now look at the European markets we showed your features searching this morning on news of this European bailout for the -- -- a half percent stocks and Harrison almost 8%.
Oil is also gaining ground the safe haven of gold is moving to the downside this morning it's Imus in the morning that's up next right here on the Fox Business Network.
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