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Futures Flat Ahead of April Jobs Report

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    FBN’s Adam Shapiro breaks down the stories moving the markets around the world.

  • Duration 5:04
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This is -- -- and wanna move.

It's 7 o'clock and we'll get the latest unemployment numbers later this morning with the release of the April jobs report the economy is expected to add a 170000.

Jobs last month.

That would be up from the 120000.

Jobs created in March.

We're gonna see if there will be revisions of that 120000 figure also the unemployment rate.

Expected to state eight point 2% April's gain is expected to be driven by roughly 175000.

New jobs in the private sector.

The report comes -- at 8:30 eastern Fox Business is Peter Barnes will be the Labor Department he will give us the breaking news.

Taking markets this morning here in the United States we were earlier in negative territory on futures but we have -- positive which is good in Europe though.

They have gone at least in Paris into positive territory but the European markets trading -- a report on.

Eurozone services PMI came in weaker than expected so far this morning oil related shares in miners.

Are trading lower.

Now let's take a closer look at what's moving European markets with Al -- senior market analyst James -- he is in London joins us now -- good morning to you -- What is behind what's happening in Europe is this reading from the services PMI -- -- more concerned.

Over this weekend's elections in Greece and France.

Good morning yeah I think it's it's -- -- -- -- -- to be perfectly honest that the issue that we have been in Europe with the elections and and that he's the political tuning and -- this thing going on the last few weeks.

Is exactly that -- there has been going on for the last few weeks is something that there is it has been staring -- market has been.

Really lying underneath a lot of this the last couple of weeks aside I think mainly what we're looking at the Chinese cities those those PMI numbers coming in -- -- he's really been.

Didn't that almost the end and it's in -- long run of weak economic data out of the year is I'm neither the last couple of days -- so so I think that has been that it didn't negativity surrounding the euros on this week.

That is it needs of the recess house numbers as well today which is.

Caused a little bit of movement -- I think there is that uncertainty as to what's gonna happen in France with the selection in Greece as well so I mean I think the elections all.

Playing on everyone's mind a bit of -- I think everyone will be a little bit more -- become -- once we now things are seeing example of that -- -- that's that's.

-- -- That is settle down but -- there's some hard facts to on the ground in Europe I think it's seven countries in Europe are in recession officially.

You've got the discussions as -- plays reported the newspaper -- Spain earlier this week.

That euros -- looking for perhaps some kind of multi billion dollar stimulus to get the economy working with any of the ECB saying don't look at us we're not gonna help.

Our investors actually trading on that news.

-- -- the issue of the mom and of course because when we were speaking about Greece before we we do what sable.

Very ECB or the IMF we're going cap in hands of one of these countries looking for that bit of money but when -- were to -- about Greece -- to -- about by in the billions now we we look at some of those countries that could -- a bad you look at spying.

Portugal may be even France and we took isn't trillions of euros not billions trillions this time and the money just is not there at the money and and that is that the worrying -- is that if we continue to get these two guys you say seven countries in a year as any.

In statistical recession such.

If this does continue to stay the -- -- The money might not just -- that.

Well on that apt optimistic note I'm going to issued aggressor and we appreciate you joining us from the Fox Business Network.

We're getting earnings from Duke Energy the company reporting a profit of 38 cents beats earnings per share us.

36 cents revenue three point 63 billion that meets the estimate of three point six billion dollars.

We're also getting earnings from ITT the company reports a profit of 39 cents beating estimates which at 32 cents -- what's it was expected by the street 577.

Million revenue.

Beats the -- -- -- 554.

Point three million let's talk about FaceBook reportedly taking steps to make sure that when it makes it stock market debut.

Retail investors will also get a better chance of getting a piece of the most anticipated IPO in recent history.

Company setting a price to proposed range for its shares at 2835 dollars.

According to the New York Times shares bigger IPOs usually go almost entirely to the biggest clients.

Of the banks that oversee the stock sale Facebook's executives and underwriters however.

Are discussing raising the number of shares that will be offered to small investors.

The times says that could work out to about twenty to 25% of the offering and those shares will likely.

Go to firms like TD Ameritrade or E*Trade which work with mom and pop investors company making a move.

Eventually.

Imus in the morning his guests -- Gordon Chang up next on the Fox Business Network.

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