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This is this -- for the morning.
-- on the Fox Business Network.
Good morning everyone markets are pointing to a higher open after four straight days of losses.
But first congressman Anthony Weiner says he won't resign after admitting to sending lewd photos of himself on Twitter.
Robert -- in our newsroom with the details so Robert first it was I don't recognize that photo than it was it could be Monday -- and send it an Alley oops.
Yes a bit like that -- he did indeed fess up to -- to -- that Twitter post.
There IA basically the photo as well -- -- any claim -- -- cal was have to remember that originally as well but now he has fessed up to it now so that was a dumb thing in that press conference -- late yesterday afternoon he is deeply ashamed but.
Is not resigning the New York congressman saying he didn't do anything to break the law or the -- of congress.
We are gonna do -- -- caught explicit photos to -- messages with six women over three years mostly before he was Mary says white party knew about most of the interactions.
He did not have a physical relationship he claims of any of the women from the online encounters but in a press conference yesterday.
He did finally explain what happened with that photo.
Friday night -- -- a photograph of myself that I intended to send as a direct message is part of a joke to a woman in Seattle.
Once I realize I posted to Twitter right panicked.
I took it down and said that I had been hacked.
At and continued with that story to stick to that story which was -- usually regrettable mistake.
Get winner says he got hopes he can win back most of his constituents plans to stay on the job city only uses personal Blackberry computer to -- these messages.
Not anything issued by the government of course minority leader Nancy -- he says there will be a full investigation and an ethics investigation into his conduct Diane back of -- of.
Thanks Robert now let's take a look at the markets first in Europe after four days of losses markets are higher behind mining and utilities shares.
You can see all three indexes -- up at the moment here in the US futures are also rising Dow futures currently up about 54 point.
The NASDAQ up nine and the S&P up seven.
Stocks fell for a fourth day in the last session.
The -- April employment report was still rattling investors sending -- S&P down below the 12100 level.
The Asian markets meanwhile that were closed for Monday's holiday returns for training today.
Trading was mixed on concerns about the US economy.
Fed Chairman Ben Bernanke is set to address the stalled economic recovery today.
He's speaking for the first time since April when he said temporary factors like high gas prices were to blame for the snow slow economic growth.
Bernanke's not expected to stray from that position but he will likely acknowledge the recent slowdown and the problems facing the economy.
President Obama's longtime economic advisor Austan Goolsbee is leaving the White House.
Schools these off in the public face for the administration appearing on TV to discuss the jobs report and other issues he's also the only economist left on the president's core economic team.
Schools be set to step down as the chairman of the council economic advisors this summer and go back to being a professor at the University of Chicago.
Temple-Inland is rejecting -- takeover offer from International Paper the offers for 3.3 eight billion dollars that's.
Thirty dollar sixty cents a share Temple-Inland shares soared in after hours trading but it says the offer quote grossly undervalues the company.
Now let's get the latest on weather from meteorologist Maria Molina and the thought this is -- -- Maria -- more sunshine forests.
More sunshine and more heat not just for -- in New York City but we're looking at very hot temperatures across the center of the country we're talking about -- high.
At 97 degrees -- far north.
As Minneapolis this is a lot of heat out here this is gonna continuing plays and slowly shift eastward so large ridge of high pressure with.
A lot of sunshine and just a lot of heat now as some of that warmer air does shift north or we are gonna see a few strong storms breaking out across interior portions.
The northeast today and also across parts of Minnesota and also the Dakotas that something else to keep an ion.
As far as travel goes though us along the bigger cities I don't really expect any big problems again it's just how hot it is 95 Chicago and Detroit for your high temperatures.
And here's a look at some of those severe weather areas that we'll be tracking today to him.
Thanks -- now here's a look at commodities oil gold and silver all up at the moment oil around 99 dollars a barrel.
Coming up this hour -- at his guests will be radio talk show host Michael Graham.
Imus in the morning continues right now on Fox Business the power across.
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