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New Hampshire Primary Under Way

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:52
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This is this time -- of the morning.

I'm on the phone -- Good morning everyone residents in New Hampshire look at their votes today for who they think should be the next Republican presidential nominee.

The village of Dick still not where the first ballots are traditionally cast -- the day off just after midnight.

Former governors Mitt Romney and Jon Huntsman each received two votes while former house speaker Newt Gingrich and congressman Ron Paul got one vote each.

Also put Mitt Romney in the lead -- his advantage against fellow candidates.

In the GOP have been shrinking in recent days join Fox Business -- -- -- -- -- her complete coverage of the primary results tonight.

Beginning at 7:55 eastern.

Shares it did -- down in the premarket after the luxury retailer cut its full year profit forecast due to weak holiday sales.

Tiffany says adjusted earnings for the year will be between three dollars sixty cents and 365 a share analysts were looking.

For 376.

The company's prior outlook was between three dollars seventy cents and 380 -- share.

Shares about -- -- higher in the -- market meanwhile after the company's fourth quarter results did not disappoint Wall Street.

The aluminum producer did report a loss of three cents per share that was down from a gain of 2.4 cents last year.

But it was right in line with analyst expectations.

Meanwhile revenue of six point four billion dollars topped estimates of five point seven billion.

Alcoa said the results were challenged by continued European weakness -- the region's sovereign debt crisis and resulting global market uncertainty.

Checking the markets now here in the US futures had been in the Green across the board all morning -- because now 111 the S&P is up thirteen in the -- up 22.

Over in Europe.

French industrial output jumped more than 1% while mining stocks got a boost from Alcoa's results.

Stocks there aren't agreed across the board as well London's up seven you -- Paris is up 81 and Frankfurt's up about 160 now for more on what's moving those markets.

I'm joined now by the not a lot but senior trader with -- capital.

Not German Chancellor Angela Merkel and IMF chief Christine Lagarde are set to meet in Berlin today following.

Merkel -- meeting with us are busy yesterday so what do we expect out of this meeting.

Well I think is more and more of the same this insuring that says that the eurozone doesn't go down -- that the worst case roots and countries takes its -- -- and ensuring that individual countries it is still austerity packages -- won't see.

Positive that those coming out of -- of the meeting that -- a fill this is a one meting out of many going forward as well.

-- we've we we saw that that this Sarkozy -- meeting yesterday -- but they're pushing towards more fiscal integration which.

Ultimately is a positive for the -- and if that they can prevent Greece from defaulting on its -- And exiting the eurozone that he could we could find that we potentially -- of Paulson with and also these issues.

Police are earning season -- unofficially kick off here with -- -- reporting results how much you think this season is going to play into the market there -- year.

Well I think is extremely important because.

That is the focus has been owned owned European sovereign -- and that has drive the markets is happening is is how the markets back but.

We've seen economic numbers coming out of the US which have been slowly improving and now the to the corporate numbers.

Which if they've got to -- -- -- which -- in in line with expectations if they can.

Improve going forward -- it is likely that the US economy cools itself further tools growth.

And is likely to other -- economies move that way as well and that the global recession is not as bad as we we are.

This place we certainly hope so -- thank.

And better regulated reportedly have -- quote person of interest in the search for the one point two billion dollars in missing client money from MF global.

According to the New York Times officials suspect Edith O'Brien a treasure MF global transferred about 200 million dollars in client funds to JPMorgan Chase in London.

On the eve of MF global bankruptcy in October the times has O'Brien initially declined to meet with authorities.

But later asked if she could strike a deal to excuse her from prosecution.

The times has O'Brien is not accused of any wrongdoing at the moment and there's no indication she intentionally transfer the money.

Now let's get the latest on weather for meteorologist Maria Molina and our Fox Business by the -- -- Maria.

Hey good morning Dan and good morning everyone -- -- upper -- -- in the northeast that's pretty -- -- the -- weather is concentrated today across parts -- -- -- we're looking -- -- lot of sunshine out -- and temperatures actually very -- For -- -- -- -- year reaching fifty degrees over in Chicago.

The unsettled weather is going to be focused for a drop to the south Atlanta Georgia you'll be seeing some of those showers today at the heavier stuff is going to be a little bit further out to the west -- right now we're already seeing that heavy rain across southern parts of Mississippi.

Also across parts of Louisiana and some of these thunderstorms continue severe later on today's of course we'll monitor that today thank -- Great thanks let's take a look at commodities now oil and gold have been up all morning oiled up almost two dollars at 103 dollars a barrel -- at 1638 announced.

Imus in the morning continues right now on Fox Business.

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