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FBN’s Diane Macedo with a futures update and the latest on Rupert Murdoch’s Leveson inquiry appearance.
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And.
This is very.
-- -- program on the Fox Business.
Good morning everyone -- sports CEO Herbert Murdoch wrapped up his appearance in front of the eleven -- an inquiry.
But this is Robert -- is there in London keeping an eye on all that -- what did you hear out of the proceedings today.
They're good morning -- that's right to have News Corp.
chief executive Robert -- has indeed wrapped up the two days.
-- testimony before the let us an inquiry into British media practices.
Today testifying there was a cover up by quote one or two people.
At the now defunct news of the world newspaper.
Over the phone hacking scandal now he said that he did not know about it until much later adding quote I failed.
And I am very sorry about it mr.
Murdoch also stated his apology to the quote innocent people at news of the world who lost their jobs.
As a result of shutting that Paper.
Mr.
Murdoch said he should have personally look further into the matter even after police and outside counsel had closed.
There investigations.
He also said he was not aware of any obstruction of justice evidence until today.
And that the scandal prevented his company from obtaining controlling interest of B sky B television.
He also testified at the hacking scandal -- calls News Corp.
hundreds of millions of dollars.
Looking for other wrongdoing and that it quote has been a serious blot on his reputation.
The British culture and sport committee will publish its delayed report on food on phone hacking on Tuesday.
Is court is the parent of the Fox Business Network.
Diane back to you right that's Robert -- live from London thanks Robert.
And weekly jobless claims came in higher than expected last week with 388000.
People filing for first time benefits.
That but the number that that puts the number of claims at their highest level.
In nearly three months and above the 375000.
Estimate the prior -- was also revised higher by 3000 to 389000.
But.
The number does remain under 400000.
That -- Fifteen weeks straight -- -- we've been under that mark but especially with the revisions we've been seeing lately it is creeping closer and closer to that 400000 -- -- we'll keep.
An eye on those meanwhile we're less than thirty minutes away from the opening bell on Wall Street taking a look at features.
They are down across the board Dow futures are down by thirty BS and -- down by four.
And the NASDAQ down by almost six but let's get a full preview of the trading day now from the -- -- a leading on the floor of the New York Stock Exchange -- -- well.
Hey good morning -- good morning everybody certainly all the traders are talking about.
The economic confidence numbers that we got out of Europe and that's certainly precious things over -- here at home we have our jobless claims.
TC were starting -- with down arrows with the major averages with a futures pointing down about one quarter of 1% financials under way.
Trading slightly lower -- names like Bank of America and Citigroup also.
To the downside here -- in the thick of earnings season so we'll continue to watch some of the names that reported.
After the bell yesterday yeah like Las Vegas Sands for example the casino company and basically they came -- with a profit of seventy cents a share that didn't beat the street.
By about ten cents so that was good news there for Las Vegas Sands also Chevron Dow component Chevron and yet the next.
Next Dow component this week to raise -- so we see them -- boosting their quarterly dividends and ninety cents a share.
From 81 cents and we had other names do that this week DuPont did it.
IBM -- just to name appears you are seeing some of the Dow components and reinstating dividends are -- dividends and that's good news people love that right.
Take a look also at electronic arts and -- -- -- the ways to the upside maybe getting a bit so electronic arts and video game maker.
Is up about 7% in the free market that's certainly been a key want to watch MetroPCS.
And talk so much about Telecom and wireless and that's.
But MetroPCS is the economy that's quite volatile and sometimes has quite dramatic swings -- you can expected today.
-- double digit losses in percentage terms already looking down about 15%.
And other -- I'm certainly gonna keep an eye on them.
Dunkin' Donuts parent is looking higher jetBlue is looking dead on the downside some of the insurers like at -- you manner coming under pressure self.
Those to be some key names to watch -- here on the day -- the dollar lower and have blocked at least commodities are higher people it's not expected.
-- -- -- Ladies -- the New York Stock Exchange thankful.
And we're getting earnings in from Safeway now the supermarket operator is reporting a profit of thirty cents a share the estimate there was -- thirty cents they -- right in line.
Revenue came in slightly shy at ten billion dollars the estimate there.
Was for ten point 06 billion.
Meanwhile Exxon Mobil's first quarter profit fell from a year ago the oil giant is reporting a profit of nine point five billion dollars that breaks down to do two dollars a share.
Short of the estimate for two dollars nine cents.
Revenue of 124 billion dollars also came in short of expectations.
Of 144 point 76 billion dollars and shares of Exxon are falling.
In the premarket let's take a look at commodities now you heard people say that they are to the upside -- up by about twelve cents at 10 pork barrel gold is up almost twelve bucks.
At 1654.
Announced Imus in the morning continues right now on Fox Business giving --
