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Everyone markets in Europe and the US have been bouncing around this morning and are now lower we'll have more on stocks -- a moment but first.
Let's go over to the midwest where tornadoes tore through the area again.
Two people were killed in Arkansas when a storm touchdown shortly after midnight and on Tuesday seven people were killed in Oklahoma and Kansas.
Winds reached as high as 151.
Miles per hour meanwhile the damage is still being felt from this weekend storm in Joplin Missouri.
Where the death toll is now 124.
Now let's get the latest on the storms from meteorologist Maria Molina and the Fox Business weather -- Maria they have more violent weather coming their way.
More violent -- on deck today and -- Diana we do want to update you as well as on that tornados that -- in Joplin Missouri it has been upgraded now to an EF five tornado with winds over 200 miles per hour so that's why we're seeing all of his.
-- all of these incredible images coming out of that region.
And unfortunately all of those fatalities and like you mentioned we still have more severe weather this morning we have a -- tornado watch.
That's been issued out for parts of the state of Illinois just in the south of Chicago so we're still seeing these storms showing some rotation so we can have a number of warnings still dean issued out -- please stay -- -- live in any of these areas from east Texas.
I've -- -- interior portions of the northeast and -- that area shaded in red.
Where we do have the greater threat to see tornadoes from northeastern Arkansas.
Do you central portions of the state Indiana we're looking at the -- for large hail strong winds and tornadoes possible yet again.
Thanks -- and -- less than thirty minutes away from president Obama's joint press conference with British prime minister David Cameron.
Rich Edson is traveling with the president joins us now rich what's the plan for this conference.
Well -- the president in the prime minister just wrapped up their meeting they had a government meeting here this morning in London the discussion topics the primary one were actions in Libya the US and UK alliance there along with NATO.
There have been some calls in Europe for American to step up its role again though the US and its officials.
Say they're satisfied that they've started to pull back a little bit from US involvement and satisfied with the progress on the ground happy to let NATO take over here there's been decidedly.
Little -- -- comment about the European debt crisis from officials they referred us to the Treasury Department treasury basically says that.
Treasury Secretary Tim Geithner has and says that to Europe has a lot of challenges but it's completely.
In their capacity.
To manage so from here we'll have that joint press conference about a half hour the president will talk to parliament.
Shortly after that and then it's an afternoon continuing with photo -- standing in a dinner.
Tomorrow he heads to France the G-8.
-- Thanks rich and we'll carry the president's press conference live here on Fox Business which is expected to start at 7:30 AM eastern.
That's checking the markets first in Europe stocks there are lower as we said a little while ago.
London Paris and Frankfurt are all down and tech shares are lower on the disappointing forecast -- applied materials.
Here in the US meanwhile futures are also lower at the moment but off their worst levels Dow futures currently down 22 the NASDAQ down four and a half points S&P down almost three.
Stocks were slightly lower in the last session right there commodity shares was offset by weakness among industrial and consumer names.
France's finance minister Christine Lagarde is announcing her bid to become the next head of the IMF.
The guard has become the front runner for the job and would be the first woman to run the IMF.
She has the support -- European leaders but there are calls for the next head of the agency to be from an emerging market like China or Brazil.
And all of this comes of course after the former chief Dominique Strauss-Kahn resigned following his arrest on sexual assault charges.
Here's a look at commodities now oil gold and silver are -- oil is down around 99 dollars a barrel.
-- -- -- but every half dollars and silver up almost -- -- the Imus in the morning continues right now on Fox Business the the power to --
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