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Weekly Jobless Claims Fall by 2,000

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

  • Duration 5:04
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This is -- Imus morning.

Good morning everyone weekly jobless claims fell by 2000 in the past week holding near a four year low 351000.

People filed for first time jobless benefits that was.

Right in line with the estimate it's also the lowest figure since march of 2008.

The previous week was revised a little higher to 353000.

But that means -- -- seven weeks now below 400000.

We also got reports on personal income and spending income came in of zero point 3% that came in lower than the estimate.

Of a zero point 4% increase personal spending also disappointed slightly coming in up zero point 2% when the S and it was for an increase of zero point 3%.

-- keep in mind spending accounts for more than two thirds of US economic activity where thirty minutes away from the opening bell on Wall Street taking a look at futures.

They haven't agreeing all morning we're seeing -- a little higher than they were earlier though.

Dow futures are up by 35 guessing he's up by about four and the nasdaq's up by nine but now let's see what we should expect for the rest of the trading day from the -- -- a lead he's on the.

Let the -- you expect exchange pinnacle.

Hey good morning Diane you see out barricaded noted that economic news right that was good enough to give us -- -- here.

I'm though the dollar is higher and that may pressure things around here to Dow components keep an eye on both Bank of America and Wal-Mart.

Bank of America is looking higher this morning so keep an eye on those financial sometimes they can propel the market one way or another also Wal-Mart this morning boosting their quarterly dividend.

By eight point 9% to shareholders.

Probably happy without one we'll keep an eye on commodities they see a divergence between the two gold was the one that was really in focus -- data showing all kinds of gold stocks at Newmont Mining Barrick Gold.

Right here.

-- -- -- Agnico-Eagle all of those names that's the downside so what's the name -- report back where we stopped copper gold silver.

All coming under serious pressure yesterday -- at one point was down eighty box.

So that's where the pressure really lies also want to keep an eye on some of the retailers they've come -- what -- February.

Comp sales and it looks pretty -- folks I'm looking at names such as -- -- and buckle.

These things are doing really well this morning gap is up about 10%.

Buckles up about 5%.

Macy's target TJ Maxx -- For sure possible continue to watch another name Clear Channel Outdoor holdings -- billboard company and their -- and told.

By Bain Capital rising 15%.

This morning so that's something interesting to watch as well.

Com and they're also paying.

A dividend -- 2.2 billion dollar dividend to repay debts so that'll be interesting as well.

And then lastly now please keep an -- just on the big board overall just watch the dollar because that's what the traders were watching yesterday -- still keeping an -- On the Euro and how that.

Drives our markets here at home some of the guys I -- to have been long and 400 -- -- long have taken some profits and taken some money off the table some of the professional that.

Taken a lot of that off the table but not -- to the downside.

Isn't that active.

And -- it topped expectations with its February -- out the auto maker says sales jumped 40% from the year before.

While analysts were looking for them to climb by 25%.

This marks the 23 consecutive month of year over year sales gains for the company.

The auto maker says it sold 133521.

Units.

And sales overall are expected to -- 6% from a year ago according to Edmunds dot com with sales of roughly one point one.

Million -- that's for auto -- overall and that would push the seasonally adjusted annual rates roughly fourteen million vehicles.

-- Bank of America reportedly once again is planning to roll out a new -- for certain customers.

According to the Wall Street Journal those with checking accounts would be hit with the charge unless they agree to bank online.

Use more -- -- products like credit cards and mortgages or maintain a minimum balance the journal says the bank already has pilot programs and Arizona Georgia and Massachusetts.

And is testing fees ranging from six to 25 dollars a month.

They might remember -- they ditched a five dollar monthly debit card -- last year.

Over a major customer backlash but bank's overall have faced challenges raising revenue due to new government regulations.

Federal Reserve Chairman Ben Bernanke will be back on Capitol Hill today as he gives his semi annual statement.

On monetary policy this time to the senate banking committee.

Bernanke testified to the house financial services committee yesterday where he told lawmakers the labor market is far from normal.

And that the economic recovery would have to strengthen to put any further dent in the unemployment rate.

Bernanke also commented on increasing gas prices saying they may raise inflation and slow consumption for of it.

Meanwhile President Obama will look to rally support for his call to pull the plug on subsidies for oil and gas companies the president will visit a community college in New Hampshire.

-- -- will urge congress to vote to overturn four billion dollars in subsidies for those energy companies.

Imus in the morning continues right now on Fox Business giving you the -- across.

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