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Retail Sales Rise 0.8% in March

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  • Description

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

  • Duration 2:33
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It's for this morning we know Asia was lower overnight and -- -- 225 the biggest drop of the mall in Japan down one and three quarters percent but since then.

Things have started to improve and other markets and after our retail sales figures came out the European markets went up even more than they were already.

And -- Paris in the -- the cac forty is up by one point 4% and our.

Stock index futures again improving after the economic data by 82 points now on the Dow futures were moving higher supposed about a thirty point gain earlier this morning.

As -- -- turned around it was down now it's back up at around a 103 and golds off the lows still down by seven dollars.

Change.

Gasoline driving up some of those retail sales was go to -- -- and our news room with a look at more business headlines this morning Diane.

-- mourning day until we -- big jump in retail sales last month Americans drugged up those high gas prices and bought a range of goods.

As prices increase point 8% that topped the estimate for a rise -- point 3%.

Take out the auto component and sales were still up point 8% -- -- the estimate.

For a rise of point 6% we also that the latest reading on manufacturing in the New York area.

And activity has slowed sharply this month the empire manufacturing index from the New York fed came in with a reading of six point 56.

That's lower than the estimate for eighteen and also lower than last month's reading of 21 point two it's also the lowest level since December.

And we got earnings in from -- net this morning to -- company reported an adjusted profit of 34 cents a share.

Three cents better than expected that revenue of one point 22 billion dollars missed expectations.

Of one point 24 billion the company says -- slumping print ad revenue during the quarter with January being the hardest hit month.

But -- revenue for its broadcasting arm got a nice boost from Super Bowl ads.

And this week will be a busy one for earnings in general almost half the Dow companies will be reporting its first quarter results along with 88 companies in the S&P.

-- kicked things off for the financials earlier this hour reporting an adjusted profit of a dollar eleven cents a share which topped expectations.

Revenue of twenty point two billion dollars also -- And we'll also get results from Morgan Stanley Goldman Sachs and Bank of America this week.

The tech sector will also be well represented we'll hear from Microsoft Intel eBay IBM block com and Yahoo!.

And other Dow components reporting include Verizon Coca-Cola Johnson & Johnson McDonald's and General Electric -- -- back to you.

Thank you so much Dianne by may.

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