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Moody’s Downgrades GE and GE Capital

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:59
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This is live Imus in the morning.

On the -- Good morning everyone in about fifteen minutes we'll get the first of this week's labor related reports that the march report from the processing payroll.

Payroll processing firm that is ADP analysts expect that 200000 jobs were added to payrolls last month.

And remember will also get the big monthly jobs report from the government on Friday.

The private sector is expected to have added 2181000.

Jobs in March with total nonfarm payrolls forecast to rise by 203000.

Taking a look at the markets now we're seeing red across the board this morning Dow futures are down by 96 the S&P -- down by ten and the NASDAQ down.

By nineteen over in Europe the ECB decided to hold its interest rate.

At 1% for the fourth straight month now we also had Spain sell two point six billion euros.

Worth the government bonds at yields higher than in previous auctions and market stake in here also in the red -- down.

Almost 73 Paris by 52 almost 53 there and -- down by 130.

Meanwhile Mitt Romney pulled -- a -- -- yesterday's Republican primaries nabbing more delegates needed to secure the GOP's presidential nomination.

Now but this is Peter Barnes is live in DC and Peter I -- -- hasn't completely sealed the deal but house safer bet is Romney at this.

Point.

-- -- -- super kid pretty safe effective.

Getting closer and closer Diane no question he tightened his grip on the nomination yesterday with that try affect them Wisconsin Maryland and Washington DC is now.

Well over half way to the 11144.

Delegates he needs to win the nomination the big prize last night was Wisconsin where Romney won.

43% of the vote compared to 38% for his chief rival Rick Santorum.

In his victory speech last night Romney -- like the nominee.

-- the good people of Pennsylvania.

New York.

Rhode Island.

Delaware.

And Connecticut to join me.

Join me.

In the next step toward that destination of November 6.

When across America we can give a sigh of relief and know that the promise of America.

Has been kept.

The dreamers.

Can dream a little bigger.

Help wanted signs can get dusted off and put the front yard and we can start again.

But Santorum was defiant yesterday saying the contest as just halfway over and that he was not ready to quit.

Especially not before the primary.

-- his home in his home state of Pennsylvania and three weeks.

Polls there show him where they small lead over Mitt Romney right now but.

Exit polls from Wisconsin yesterday show how Republicans especially conservatives are embracing Romney despite.

There -- questions about his credentials.

44%.

Of Wisconsin voters said Romney is not conservative enough.

But he split the very conservative vote with Santorum and one of his best showings among these voters yet.

An 80% of Wisconsin -- voters said they believe Romney will be the nominee Diane.

Parents that things are looking get from Mitt Romney thanks Peter about.

And we're getting earnings -- -- Monsanto now that maker of agriculture products is reporting a profit of two dollars 28 cents a share that beat the estimate.

For two dollars twelve cents revenue came in at four point 75 billion dollars that also beat the estimate there for four point 53 billion.

Mean -- thousands of Yahoo! employees may find themselves out of the job today.

According to reports the company's expected to announce its cutting 2000 positions this morning -- 14% of its staff.

The marketing and product development divisions are expected to take the biggest hit but Yahoo! is expected to slash even more jobs down the road.

The move is part of new CEO Scott Thompson's plan to cut costs and refocused the company.

And it also comes amid a proxy fight with one of Yahoo!'s largest shareholders hedge fund third point which is looking to gain more power on the board.

Moody's says downgraded General Electric and its finance unit by one notch eats the ratings firm lowered GE's rating from double -- three to double AQ and GE capital from -- one to double AQ.

Moody's acknowledged that GE capital has made improvements good liquidity and capital levels since the credit crisis.

But said there's still some risks and its funding model GE says the downgrade was triggered by a change in the -- methodology and not the company's actual credit position.

Which it says has never been stronger.

Here's a look at commodities now oil and gold have been down all morning oil now down by about a dollar at one Hewlett barrel almost -- about.

Gold is down by 44 dollars at 1627.

Announced.

Coming up this hour Imus is -- -- the South Carolina governor Nikki Haley Imus in the morning continues right now on Fox Business.

Giving you the -- across.

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