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This is -- Imus in the morning.
On the fox.
Good morning everyone the trade gap -- in November to 47 point 75 billion dollars the biggest deficit since June.
The number came in higher than the estimate of 45 billion dollars and higher than the revised.
43 point three billion dollar gap for October meanwhile import prices slid zero point 1% in December as oil prices fell after November surged.
The decline was right in line with estimates but export prices were down zero point 5% and that's much slower than the estimate which was for an increase of zero point 1%.
With thirty minutes away from opening bell a -- look at futures now they're down across the board this -- the lowest we've seen them all morning Dow futures are down by 67.
Yes indeed down by nine and the nasdaq's also down about nine now for preview of the trading day let's go over to Lawrence in -- -- on the floor of the New York Stock Exchange came.
It paid and good morning everybody well the president calls us a lot better than that you this morning we have while stocks mostly higher -- Italian bond option is pretty good.
Other than a number trade gap in the US is certainly -- on things.
As well profit warning our missed revenue report from JPMorgan this is -- on the financial sector which has been pretty good this year gaping.
-- -- -- As you can see are set to open down by about.
Two or 3% right now they post a profit in line with revenue -- those profits more.
-- down the revenues slipped by 17%.
Positive in -- report but unfortunately the street it's focusing on the negative now this is taking all of the banks down.
Bank of America as you can see -- -- -- lot more than 2% here in the premarket.
There's a report in the Wall Street Journal that Bank of America is trying to cut back and maybe get out of some geographical places in the US it's better -- -- so.
At last check at Morgan Stanley down to present Citigroup 2% -- -- financials are gonna get killed.
This morning at least.
And the early going up finally we're also watching well Bank of Scotland on this one bank that is moving to the upside by 3% in the premarket what happened -- There's a major restructuring going on in RBS.
So nine senior director opinion meager pay out if they can get that share price -- any of -- this stock is doing pretty well today.
Did everybody get a card from tiny print.
This Christmas and now with the you know kids on under something -- the hot place to go.
For you -- out Christmas cards -- -- is owned by -- by the -- light shares have been have since October and that they're down by 9%.
Here in the premarket and you name that this CFO is leaving investors don't like that too much and finally taking a look at.
ADM is ending -- relationship.
With that company -- earlier this -- announced major job cuts so that's what we're watching definitely a lower -- the US dollar is moving higher.
And golden mile down the -- Apparently thanks.
Another stock to watch is Novartis shares there are lower the premarket after the company announced plans to cut nearly 2000 jobs here in the US.
The drugmaker says the move comes ahead of the expiration of the patent for its top selling blood pressure drug -- van.
The new cuts also come on top of the previous announcement that Novartis with slash 2000 jobs in Switzerland and in the US to control costs.
The company's just the latest drugmaker to cut jobs as many prepare for the loss of patents on the top products and feel pressure on medicine prices from financially strapped governments.
Apple meanwhile is seeing some outrage in China this morning after it pulled the plug on the debut of its iPhone four S there.
Angry customers threw eggs -- one of the company's Beijing stores and got into fight with police.
After they were told that the fund would not be sold at that store after all.
Several shoppers expressed anger over standing in line overnight in the -- apple said due to the size of the crowd it was concerned for the safety of its employees and the customers themselves.
The company which sold out of the four S and all of its other in all of its other Chinese stores now says it will halt retail sales of the phone and the country for the time being.
But people can still order online the iPhone four S is debuting today in 21 other countries as well.
And corporation is also planning some big changes.
The risk management company says it will move its corporate headquarters to Lundin.
To see greater access to emerging markets and says the plan though won't result in job losses here in the US in fact it's adding 1000 positions.
Its US operations will continue to be based in Chicago.
International Game Technology has confirmed plans to -- social media developer double down interactive for up to 500 million dollars.
The slot machine maker made the move to gain a foothold in casino style social gaming.
IGT expect the acquisition to add to its adjusted fiscal 2012 earnings and hopes -- closed in the hopes the deal to close in the second quarter.
-- -- look at commodities now oil and gold are both down.
Imus in the morning continues right now on Fox Business giving you the power to prosper.
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