Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Futures Up Ahead of July Jobs Report

Details

  • Description

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

  • Duration 5:08
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Imus in the morning.

On the farm -- Good morning everyone -- -- half hour away from the government's July jobs report and Fox Business is rich Edson.

-- at the Labor Department with a preview rich.

The July monthly jobs report only a half hour away here at the Labor Department in Washington DC analysts are expecting the unemployment rate to hold steady.

At eight point 2% and for the economy to have created 100000.

Jobs that's -- -- treading water actually a little slower than that just to keep up.

With population growth we've seen a real slowdown in the economy over the last few months last month's jobs report only showing.

80000 jobs created those looking for a better report -- are looking at the ADP report this week.

Showing that the economy added a 163000.

Jobs analysts had expected only a 120000.

Jobs added however the last month that we got this report.

Also showed a better jobs picture than what we ended up getting from the Labor Department been real slowdown in the economy so we'll find out.

Next half hour here how the economy didn't have jobs market did.

In July.

Back to you -- All right thanks -- we also developments on night capital sources -- -- on Charlie Gasparino that the firm has identified potential buyers.

But -- still hang over any sort of deal Fox Business is Robert -- is outside the company's headquarters in Jersey City, New Jersey now with the latest on that.

-- -- -- Hey good morning -- that's right and our colleague Charlie Gasparino is reporting that financing appears to be.

I key issue here in no idea finding a buyer not also spoke with some.

Private equity folks out there and in a lot of they -- take right now is a wait and see attitude wait to see what is going to happen is.

They'll limit loss here the 440 million dollars it was already lost in trading.

Or what is the litigation overhang -- -- and that is big question mark out there will there be one.

Also had done it reputation -- risk here that it will there be a risk to the liquidity here for Knight capital.

These are things -- folks out there who may be potentially kicking the tires are kicking around at this hour -- also.

-- key employees will they walk or will they stay these are other things to consider not key employees typically are are.

But paid a large part of their compensation.

By the amount of revenue generated right now we know that the revenue is taking it hit right now as.

And many companies out there may be a little hesitant to trade through -- keep in mind night typically executes about 10%.

Of all viable and -- US exchanges so that's a lot of volume out -- so will these employees stay right now we're seeing.

Folks coming in -- crayons fairly you -- -- -- typical Friday but still we are seeing -- people file again.

Going into the office here out Diane in Jersey City to headquarters keep in mind they're more than 14100 employees at this seventeen year old firm.

That is lost more than recorders habits die as far as the stock goes in just two days since this -- erroneous.

Eight glitzy view well -- -- today had a computer glitch in talking with.

The New York Stock Exchange some new software they had there the stock is down that again this morning in early trading guy hands and get back to you.

All right that's Robert Gray outside Knight capital headquarters thanks Robert.

Let's take a look at the markets now here in the US ahead of that jobs report be heard -- talking about futures are up across the board -- -- are up by ninety.

Yes and he's up by eleven and the nasdaq's up by about 23 in Europe.

Growth in the UK services sector slowed to its weakest rate in nineteen months in July in yet.

Stocks -- still up across the board London's up by 84 Paris is up by 77.

And Frankfurt's up by about 145 let's take a closer look now at live with -- just global insight director of sovereign risk down Randolph over lending -- Despite the ECB's -- -- investors seemed to still be betting that stimulus is coming eventually I mean.

PMI numbers we just reported were dismal for July it markets are still in the green.

I I think Waltz -- has done has amounts to something quite serious.

And very important it's more than just home buying.

He has set in -- Events.

He's trying to create a political consensus involving.

The key governments involved both the Spain and Italy but also Germany and France on the ECB for up coordinated action that we haven't seen people.

We don't know the to bringing down those -- cost for Spain.

I -- Pretty -- happened.

For several weeks yet -- -- did not think until the middle of September.

That's when the market -- or back to work is it well the politicians away but from the holidays.

-- -- they'll have all the ammunition ready.

All right and we'll see how they -- -- -- back from vacation thanks so much.

Now let's take a look at commodities oil in gold.

Have both of you can see -- up by 75 cents filled up by about eight bucks Imus in the morning continues right now.

On Fox Business.

Load More