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Halliburton Tops 4Q Earnings Expectations

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

  • Duration 5:22
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This is this Imus in the morning program on the Fox Business now.

-- -- Good morning 230 minutes away from the opening bell on Wall Street taking a look at futures are now mixed after being up for most of the morning Dow futures.

Are up by sixty S&P though is down.

By a quarter of a point while the NASDAQ is up by a quarter point and now let's get a full preview of the trading day for that will go and -- that a leading on the floor veneer of not being paid well.

Hey good morning -- good morning everybody while we see out of Europe the Euro is higher this morning our -- here at home.

Makes virtually unchanged -- you see the fractional -- -- that.

The Euro higher the dollar to the downside and we have about commodities and outside the -- has been calling back.

Your index for watching and in my Bank of America's you -- the financial slightly -- upside.

Here this morning it's going to be all about -- that it's not all about the New York diet that's going to be all about -- this morning.

We're watching obviously it is to the upside this morning as the co CEOs now -- Many years finally stepping down on this about -- mr.

-- the -- stepping down changing of the guards.

Long awaited for the shareholders refused to be -- eighty billion dollar company and and has been thinking ever since and you see it now.

Now I see the bid ask is moving to the downside to while it was up a little bit earlier today -- -- is now calling that people not Carnival -- -- -- in my left.

But for more bodies sadly found over the weekend this -- a devastating occurrence.

For the -- -- which capsized we'll continue to watch Carnival Cruise Lines the job -- stock has a song since that time.

And that no pun intended -- -- the stock today still under some pressure and and what's interesting in the post.

If -- just say how they are now.

Offering refunds but also 30% off on your next cruise -- ship I mean that's really something that -- articles in the near -- redeem yourself.

General Motors more.

On Chevy Volt coming out this morning looking into the batteries situation the battery safety of the Chevy Volt.

And that -- and it's -- basic mix of the National Highway Traffic Safety Administration saying it doesn't believe.

That's electric vehicles pose a greater business -- that gas powered vehicles so that it is something to watch that might bode well.

For General Motors and Pep Boys interesting comments this morning on back in Barron's over the weekend more importantly.

Saying that the stock could rise 10%.

This year is car owners repair.

-- aging vehicles everybody knows it's been tough economy people may not be out buying new cars instead preparing.

They're old want to -- -- upside potential for Pep Boys Manny, Moe & Jack.

They're probably gonna be allowed to where they take advantage of that 30% opted.

It looks -- yes.

-- -- And Halliburton topped expectations but its fourth quarter earnings today the oil services company reported a profit of 907 million dollars excluding items.

That breaks down to a dollar per share beating the expectation of 99 cents the company says results were helped by a pick up in north American business.

Revenue rose 38% to seven point one billion dollars -- was also beat the estimate was for six point 83 billion.

The company says it expects continued challenges in material and labor costs shares are lower in the premarket.

Staying with the energy industry here gas producer Apache is buying private oil and gas company forty -- energy for two point 85 billion dollars in cash and stock.

The move up Apache expand its land holdings and its presence in the energy rich Anadarko basin in Oklahoma and Texas the -- expected to close in the second quarter.

We also have a deal in silver this morning involving two Canadian companies and silver is buying mine -- for one point 48 billion dollars.

The purchase price -- the 36% premium over Friday's closing price for mine -- which trade on the Amex under the symbol and that's then.

Shares are higher in the premarket pen and silver is based in Vancouver and trades on the NASDAQ under the symbol PA AS and shares of that company.

Are lower in premarket.

It looks like the US economy is facing a mixed outlook for the year ahead the latest survey by the national association for business economics.

Shows about two thirds of participating economists expect the US economy make some modest gains but not enough to significantly reduce the number of jobless Americans.

They expected GDP to grow at a rate above 2% similar to November's forecast that called for growth of 2.4 percent.

But GDP growth usually needs to be above 3% to significantly lower unemployment.

The survey also found two thirds of US companies expect no -- -- an employment over the next six months.

Now let's get the latest on weather for meteorologist Maria Molina in our Fox Business by the center hi Maria.

Hey good morning Dan and -- fortunately -- dangerous storm system has proven deadly according to the APR ready to deaths have been reported.

From this storm system in the state of Alabama so we're continuing to track this situation out across the south has -- and you tornado watch issued -- across western parts of Georgia in effect until 4 PM eastern time so this is going to be a continuing threat here for severe weather.

And we continue to see also some thunderstorms that do have some tornado warnings attached to them.

-- storms are starting to push into parts of Georgia -- can see here.

To the northeast of Montgomery a tornado warning where another tornado could be on the ground right -- we'll continue to keep you posted here throughout the day.

I -- -- we hope -- when there is hunkering down and stay safe thanks.

And here's a look at commodities oil and -- -- up Imus in the morning continues right now on Fox Business.

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