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4Q Non-Farm Productivity Up 0.9%

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  • Description

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

  • Duration 4:59
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This transcript is automatically generated

This is this Imus in the morning program.

Program on the Fox Business.

In the morning -- -- investor looking over fresh round of economic news as the final reading on fourth quarter productivity was revised higher to zero point 9%.

The initial reading was up point 7% while the -- it was for an increase of zero point 8%.

Labor cost meanwhile jumped in the quarter to two point 8% the estimate there was for an increase of one point 2% which was the same as the initial reading.

Leading up to Friday's jobs report we got the payroll processing firm ADP's report today that said 2161000.

Jobs were added in the private sector last month.

The estimate was for 208000.

The January number was also revised higher by 3000 to 173000.

And the buzz is building with less than four hours until apple holds one of its highly watched events where we're expecting to get a new live at fox businesses to -- -- -- in San Francisco.

With a preview.

Of what's to come good morning to running.

-- I -- good morning -- don't Colin an iPad three that is it talk of the town this morning in San Francisco California which is where I and that we are expecting menu is very Jen and the apple iPad to come out today that everybody's talking about a number of things.

What we're gonna get what they name is going to be a lot attack that it's going to be called the I had HD.

We're hear outside the year -- Buenos and are where apple has unveiled the last two versions of the iPad.

No matter what it is called here is what everybody thinks that we're gonna get to see.

Later on today when this event takes stock we're expecting.

Four G -- he supported device that means a device that consume support -- that are ten times faster.

Then current three G technology -- higher resolution display -- better camera.

But it will have the same nine point seven inch screen as well as the same battery life but we'll have a faster process -- and apple as it always does -- door -- into a wild card factor -- wild -- is that we're keeping I'll open and possible.

One is a possibility of an -- many lots of gaining -- and for a smaller thinner device probably not likely.

But always possible and then also an upgraded version of the apple TV hardware device a box -- we're not talking about the television -- It all kicks off at 10 AM Pacific 1 PM eastern time I'll be inside -- -- be bringing you all the news as it comes throughout the -- back -- you.

And we'll be watching very closely Easter Bunny thanks.

And we're less than thirty minutes away from the opening bell on Wall Street taking a look at futures they've been in the Green -- morning we're seeing in a little higher now doubt -- -- are up by sixty.

BS and he's up by six and nasdaq's up almost fourteen but let's get full preview of the trading day from the -- Adam Levy on the floor of the New York Stock Exchange pinnacle.

Hey good morning Diane good morning everybody -- yesterday we had our biggest selloff of 2012 volatility is back we drop.

When you see 200 points you see a one and a half percent so.

This is -- day on Wall Street one of those 90% down days three C selling across the board but what happens after 9% down days.

Is to see a little bit of a bounce back and that's what we're seeing.

This morning as we show you the Dow futures see the up -- the dollar also helping things along.

The dollar lower commodities and equities to the upside so I checked out the banks all the banks such as Bank of America Citigroup.

And Goldman Sachs all without -- this morning's in the opening bell rings in about 27 minutes you should see some top -- of those.

Financials where you won't see an up arrow as pandora trades right here.

On my lap in this will be a busy area -- started looking down about four dollars in percentage terms is over 20%.

-- pandora the videos of -- music the outlook was below what everybody was expecting tough advertising season.

Lululemon enemy American Eagle Outfitters to.

Retailers looking good -- getting an upgrade over Credit Suisse.

And also American Eagle rising after earnings Children's Place on the other hand everybody knows Children's Place for the kids' clothes.

That one is looking a lot lower and General Electric Dow component.

Reiterating its forecast on earnings growth of at least 10%.

So keep an eye on this Dow component as well yesterday we saw selling across the board.

We ended the 29 of the thirty Dow means in the -- exceptions.

Intel's fell it was selling from sector sector all ten sectors that we follow the majors where the -- to -- 500 had down -- Yesterday today may be very different -- so we'll see -- but so far so that.

-- -- -- -- -- -- You look at commodities now oil and gold have been up all morning just like the market was up by about 63 cents at 105 dollars a barrel.

Gold up by seven dollars and forty cents right now it's that 1679.

Dollars an ounce.

Imus in the morning continues right now on Fox Business.

Giving you the power to.

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