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December Core Producer Prices Top Estimates

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets.

  • Duration 5:00
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This is this.

Imus in the morning program on the final bill.

When good morning everyone we got mixed fourth quarter results from Goldman Sachs this morning to bank beat on earnings that fell short of expectations on revenue let's go over and is that lives McDonnell in our newsroom now for a breakdown of those numbers in this.

Yeah that's right Diane Goldman was up fractionally in premarket trading.

They reported beat and then there in the earnings per share of about sixty cents of reported dot buck 84.

-- the estimates were for a dollar 24 with top line coming in light.

Still slack results coming in from their investment banking down 9% on the year.

Equity underwriting down 26%.

On the year fixed income dust down and our currency trading -- commodities us down thirty for 4%.

On the year Goldman Sachs that compensation for its partners.

In line with what the average has been since 2003.

The ratio they are to net revenues at about 42%.

The average it's been about 43%.

Goldman setting aside twelve point two billion bucks in compensation and benefits for its partners.

At a time when it has reduced its headcount by about 7%.

Dozens of partners have left the firm.

Lloyd Blankfein essentially attributing the weakness in the trading desk and fixed income -- revenues.

Basically to -- slack trading environment globally and so we're going to be following these earnings going forward and also US Bancorp.

State Street Northern Trust PNC financial fourth quarters for all of those banks are in the blank are in the black.

Bank -- New York Mellon -- took a hit in the fourth quarter.

They're profits -- -- because the restructuring charge and lower currency.

Trading volume back to Diane.

Apparently -- banks.

Drinking a mixed reports we got another -- -- producer prices for December -- the headline number came in lower than expected as the price of gasoline and vegetables bell.

Core prices which don't account for food and energy costs rose as prices increase for light trucks.

PPI came -- down zero point 1% the expectation -- for an increase of zero point 1% the so called core index came in up.

Zero point 3% that part of the report was also expected to rise zero point 1%.

Let's take a look at the market now.

Thirty minutes away from the opening bell on Wall Street futures are mixed out because it down by nine the S&P down.

A three quarters of a point well the NASDAQ is up almost five points and now for preview of the trading day let's go over to the cult -- -- lead he's on the floor of the New York Stock Exchange.

-- -- in the Green for most of the morning but they've sort of been telling them flat line -- most of.

Yeah I see that pulling back some here now actually got in our producer price numbers like that for Rhee higher so that's something that everybody was likes a look at the core rate also.

We have news out of Europe right that the -- in the international monetary side.

Is that to propose raising its lending capacity by 500 billion we've seen the euro's stronger than dollar pulling back and commodities mixed this morning with -- -- that a great job.

Covering some of those banks -- you may see Goldman -- -- with an -- barrel but watching Yahoo! in particular as Jerry -- its founder now.

Stepping down off the board off everything immediately Macy's mother board members follows suit this really opens the doors were so much more.

For.

-- -- that we -- got him here this morning up 3%.

So this is what a lot of the shareholders.

Had eagerly been waiting for Carnival Cruise Lines to its right here in my -- -- -- yesterday was down thirteen 14% all day long.

Bouncing back and very little bit couple percent to the upside as is Royal Caribbean -- both.

We're down yesterday this is the high time for -- and -- and now it's all about reputation in what what is to come.

Research in Motion -- Samsung is actually denying.

That if there were reports that it actually was interested in Research in -- -- something now Research in Motion stock lower Jack in the Box changed over the past -- Raided an underperform this morning at wed bush not that twelve month priced -- 1750 and target coming under some some pressure that was some dot that they might.

Sell their credit card receivables.

It seems that they're not doing that just now and so target.

The retailer is to the downside to these are some things that we're gonna keep and I -- clearly their banks to remain front and center as well that's it.

Critical thing.

Now let's get the latest on weather from meteorologist Maria Molina in our Fox Business what percentage Maria hey good morning -- and we're expecting much hotter weather across most of the -- sitting with sunshine some isolated -- -- -- snow showers will be possible across interior parts.

Other North -- Sosa is something to keep in mind in mind.

As lesson very gusting winds that could impact parts of the 95 quarter throughout the day today and FEMA today seems like it's mixed mixed whether it makes futures and commodities too oil and gold are also mixed.

And I'm in the morning continues right now on Fox Business.

Yeah.

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