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This is this Imus in the morning.
On the box for.
Morning everyone let's start things off.
With a live look at the markets following yesterday's following yesterday's big sell off in Europe stocks -- actually higher now London's currently up 34 points Harris up.
That's 1 -- Frankfurt -- 65.
Moody's chief credit officer is making comments about Greece this morning saying that a default by the country would be highly destabilizing.
And would impact all of Europe.
Moody's is also putting fourteen UK banks on review for possible downgrades more on that in a moment meanwhile -- dollar's trading lower this morning.
US futures are also pointing to gains at the moment Dow futures currently up 42 points -- NASDAQ up five points along with the S&P.
Stocks fell in last session on concern about worsening European debt and a slowdown in Chinese manufacturing growth the -- their lost 130 points.
And Asian markets ended mostly higher China was lower as Goldman Sachs cut the country's growth forecast and predicted higher inflation but -- the other three -- there were up.
Moody's is turning negative on British banks the ratings companies reviewing fourteen UK banks for possible downgrade.
That's because those banks could soon be getting less government support.
Moody's already downgrading some debt and deposit ratings for Barclays that stock falling in European trading.
President Obama's making comments and the devastating tornadoes in misery from London this morning.
He would travel to Joplin Missouri the damage there on Sunday the president says he was quote heartbroken by the disaster that his thoughts and prayers are with the families.
In Joplin at least 116 people have been killed as result of the tornadoes that ripped through that town.
Now let's get the latest on Fox Business weather for meteorologist Maria Molina Maria any good news for this area that -- hit by the tornadoes.
Know -- and unfortunately President Obama will have to be very careful we do have another severe weather.
Threat for today yet again we're talking among large hail damaging wind gusts an -- of sixty miles per hour.
And tornadoes possible as well -- highest risk today so there has been a high risk.
Issue -- by the storm prediction center meaning that it's likely that we could see more violent tornadoes.
And more long track tornadoes some very dangerous stuff out there across southeast and parts of the state of Kansas and also eastern parts.
The city the state of Oklahoma including Oklahoma City so very populated area otherwise a severe weather threat it.
Does extend from central Texas up into parts of the northeast including -- in New York City so we're gonna keep an -- for the -- storms that will be popping up.
Later in the day as well as for travel delays from Boston down to Philadelphia and.
And Lenovo thanks very for keeping us updated there.
Now according to a new report it turns out some of the companies that received stimulus money haven't paid their taxes Robert -- in our newsroom with the details of the report.
Robert at seven a lot of taking -- not on giving in this relationship.
Yeah that's right dead stimulated but certainly not ever tax write to our promised some 3700 firms and that's just of those say from this particular study the government contractors.
Non profits in this state received more than 24 billion dollars in stimulus money -- told.
They owe a combined 757.
Million bucks in back taxes this is for fiscal year 2009.
This from -- yesterday from the general accountability office -- -- say at least 3700 companies who took the stimulus vote this back taxes.
The firms took -- more than 24 billion dollars in total from President Obama stimulus package.
That's about 6% of awards -- -- state project is out -- if they went looked at.
All eighty thousand forties if they were examined they would find a 4500.
Companies owing a combined 909 million bucks in back taxes that's out of -- nine billion dollars in contracts from this particular portion of the stimulus Diane thanks Robert.
Let's take a quick look at commodities oil gold and silver currently all up oil is up around 99 dollars a barrel gold up about six dollars.
The silver up about 85 cents coming up I -- his guess is Martha MacCallum Imus in the morning continues right now on Fox Business imperative.
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