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FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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Imus in the morning.
Everyone JPMorgan Chase is set to hold its annual shareholder meeting later today and it will be the first time investors.
Get to give their two cents on the company's two billion dollar trading loss.
Fox business's Adam Shapiro is in Tampa Florida with more on that animal kind of questions can we expect from investors today.
-- that I don't wanna know like the rest of the world what actually happened but JPMorgan Chase is still doing its own internal investigation.
There's also going to be non binding votes on votes on non binding resolutions such as splitting.
Jaime diamonds role as CEO and share into two separate positions.
That's not expected to pass is also going to be a non binding vote on compensation.
Mr.
diamond being paid 23 million dollars last year.
Ina drew the woman who has retired from JPMorgan Chase at the center of the two billion dollar hedging deal that went bad.
She also was paid close to 1415.
Million dollars and shareholders we'll have questions about that.
There's the potential that they will discuss.
Claw backs JPMorgan Chase has the power within its obligations.
To call that compensation.
From employees who have brought about financial or educational harm to the firm.
That might be discuss whether that actually happens is another issue because remember that ms.
drew retired she did not resign.
And again according to JPMorgan.
Chase and Jamie Dimon.
No laws were broken in regards to the hedge that went bad.
And the two billion dollar loss all of that will be on the table to shareholders will start showing up here in the next hour the meeting start sometime after 10 AM.
Protesters Diana are also expected -- does that security who told us that the protesters will be allowed to come all the way into this property and get close to the shareholder meeting.
But at this point none of them have showed up they've actually said they're gonna start arriving around ten -- -- Diane back to you.
-- -- thanks they -- we'll keep checking in with you throughout the morning.
Let's check on earnings now from -- the retailers -- reporting a profit of nineteen cents a share the estimate there was for eighteen cents.
Revenue came in at 753.
Million dollars that was short.
Of the estimate for 762.
Million and now let's take a look at the markets here in the US futures are up across the board out ages -- -- by 56.
-- beat up by about a and the nasdaq's up by nineteen over in Europe strong growth numbers out of Germany are helping stocks German GDP grew zero point 5% in the first quarter.
That's five times faster than expected.
Over in Italy though it's a new recession after GDP contracted zero point 8%.
Both brands and the eurozone growth.
Were flat stocks there are mixed London's now in negative territory down by three.
Paris and Frankfurt though both up by about eighteen now let's take a closer look at what's moving the European markets with -- -- senior market analyst James Hughes.
Over in London James we got several GD the reports this morning what's your take and what are the numbers say about the state of the eurozone economy.
Well I think that the general wants the -- of the council of course when we look at the state of the eurozone economy I think you have to look at Germany has been -- might -- -- and that of course and I think.
It's -- -- miraculous of the event to show there's no point 5% Chrysler were expecting no point 15 times.
-- on what we expected them to to gross that's positive is he coming from that.
This is so much uncertainty surrounding these markets of the money in the -- look towards.
The debacle that is discrete connection and exactly what's going on where they can form a coalition whether that looking -- another.
Another election nothing.
The uncertainty in these markets is what's testing -- I think.
Is that a potential that Greece may come out of this come out of that the year -- you've got his share -- it is now gone he's been sworn in as French president and -- go on strike for a meeting with anger and uncle.
-- to see exactly what and what he's -- be told there is going to be interesting to see if he can really comes -- -- any of these Clancy puts forward in his manifesto when he first.
Started running for for presidents and there's a lot of unanswered question still any Euro resign but coming one positive thing is that these -- GDP number was a positive number.
And and James Greece's present is now proposing a technocrat.
Government now many say that the best alternative -- country crisis because -- more incentive to make tough unpopular yet necessary decisions.
I -- what do you think about this alternative for Greece and will it get any support.
I don't know to be perfectly honest I think that's -- that the -- you've got some quite a lot of people I think there's a lot of uncertainty about Greece I mean this the question -- Is how much support for the gap and if it doesn't -- simple who will get the simple because of the -- and now conformist coalition government.
And as worrying news about who is getting support from the -- trapped there if it was to go to another.
Election we could get the slightly at least far left people.
Act coming in thought of coming coming in and that would mean that they are opposed to the austerity measures which of course wouldn't.
Create create a -- -- to come out that the year.
That's James Hughes from up RE over London thanks for trying at least they had to than gains we appreciate it -- -- But take a look at commodities now oil and gold are both in positive territory now hard to keep track of this morning oil that 95 -- -- -- -- fifteen -- you announced.
Imus in the morning continues right now on Fox Business.
