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Case-Shiller Composite Index Shows Home Prices Fell 1.3%

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

  • Duration 5:04
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We have some breaking news coming in on the housing front we're -- those numbers and in the case Shiller report.

On home price is that report came in saying home prices fell for the month of November they came in the twenty city index are down one point 3% from October.

Economists are looking for a non seasonal adjusted decline of zero point 8%.

Prices fell for the second straight month in nineteen of the twenty cities measured in the index compared to a year ago prices are down three point 7% at the bigger decline than the 3.4 percent estimate taking a look at markets where thirty minutes away from the opening bell and US futures are up across the board have -- all morning.

Dow futures are up by 45 the S and he's up by five and the NASDAQ up by ten it's -- a busy morning for earnings and those of course are affecting the markets Fox Business is Robert Gray joins us now with the newsroom.

With some of those big numbers and the biggest.

The -- ExxonMobil coming at least the biggest oil company now.

Yeah Vegas holiday -- to going back and forth with apple fourth quarter profit up -- -- higher prices -- Exxon offsetting some.

Lower production and weak refining margins at the oil giant nine point four billion dollars in profit that.

What does the buck 97 per share or a penny higher than the average estimate from analysts revenue numbers.

Up 16%.

Vs a year ago 121.

Point six billion dollars.

In the quarter that -- topped analysts' estimates as well I Exxon shares of moving slightly lower in the premarket.

On to Pfizer meanwhile fourth quarter profit down by half vs a year ago one point 44 billion dollar net profit there adjusted profit basis -- they did beat estimates.

At -- revenue number seventeen point 35 billion also ahead of expectations but they lowered the full year forecast.

There are saying a stronger dollar will -- their overseas sales and profits -- Pfizer.

Shares little changed here ahead of the open also on the UPS now obviously get a harbinger of economic activity fourth quarter profits coming in.

Ahead of expectations thanks to -- -- -- record volume revenue and profitability in the period.

Revenue numbers a slight -- their but their forecast.

The middle mid point -- their forecast above expectations from -- shares have been moving higher bouncing around the premarket moving slightly lower at the moment and an Archer Daniels Midland.

Revenue up but earnings down a big write down on an Iowa facility there weakness in three of their major segments.

Profit margins being -- second quarter profit down more than expected it ADM.

Higher corn prices again hurting the bottom line for Archer Daniels Midland Diane back -- of.

-- -- Robert thanks here's a little more information on those earnings on ExxonMobil to the company is reporting a profit of dollar ninety about 96 cents was the expectation that they Cayman.

With the dollar ninety seven's that was -- -- for ExxonMobil there and now let's get preview of the trading day from the -- that elite is on the floor of the new York stock to maintain.

Hey good morning Diane good morning amazing heroes getting a little bit of a pop things seem to be coming together they're gonna help Greece but there are exactly sure how they're going to do that -- -- that.

It was enough to give the Euro -- little bit of a boost to dollar pulls back and financials are looking to the upside names like Bank of America have -- up -- it has been going back and forth but.

Trending toward the upside so we'll continue to watch as financials are often a lightning rod of the market if you talk to Ted Weisberg of Seaport Securities I'll tell you -- that.

So as the dollar's lower with equities slightly higher also commodities have been up -- -- noted Bank of America -- an up -- as well.

The bid ask at 171415.

Right now UST health.

Still company coming out with their numbers and that despite the fact that they -- -- weren't so great in the stock really is to the upside up about 1%.

This morning also -- continue to watch saying that this on the heels of -- everybody is waiting for the most important.

IPO of the year feels like have -- right everybody's so.

Popped up about.

They have faced up but Zynga and FaceBook actually have a good relations and does social gaming site actually has -- -- With FaceBook and as a result Zynga has been up about 9% in two trading days and guess what -- barrel again so -- volume about -- back.

This weekend while watching the -- -- -- had time accident.

I didn't thank you.

And now let's get the latest on weather from meteorologist Maria Molina in our Fox Business whether it's energy Maria -- good -- day and we're expecting a little bit of activity across parts of the central Gulf Coast states -- showers already coming down and ask you this story throughout most of today so would remain unsettled.

Across New England we have some lingering snow showers outlook persist throughout the day today and will be enough to -- some of the -- so of course drive carefully.

As you head out -- -- -- to the west we've had to deal with some light freezing rain across northern parts of Minnesota Wisconsin most of that though.

Well not basically stop as we head into the afternoon hours and if anything should just remain as rain showers but the big weather story today is how mild it's gonna be across most of the country -- virtually almost everywhere.

We're looking at above average temperatures fan and -- New York City we're looking at a high -- -- All right Maria thanks let's take a look at the commodities now oil and gold have been in the Green all morning oil now up above that India 100 dollars a -- bulk -- almost thirteen dollars and 1747.

Announced.

Imus in the morning continues right now on Fox Business.

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