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FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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Business -- Imus in the morning -- Good morning everyone -- rocket -- in Libya has killed more Americans including the US ambassador to Libya.
Our -- rich ads in joins us now from Washington with the latest on that rich.
-- good morning -- in the State Department confirms an attack on the US consulate in being Ghazi -- kills the US ambassador to Libya.
Foreign service information management officer Sean Smith and two others.
The State Department says it is still notifying families of the other two victims.
In a statement President Obama calls ambassador Stephens a courageous and exemplary representative of the United States.
And adds that he has directed my administration to provide all necessary resources to support the security of our personnel in Libya.
And to increase security at our diplomatic posts around the globe.
Fox News reports marine spokesman at the Pentagon cannot rule out marine casualties in bank -- Reports say an armed mobs stormed the US facility and blamed the attack -- outrage over an American made video about his law.
Yesterday protesters scaled the walls of the US embassy in Cairo replacing the American flag within Islamic banner.
Last year both Egypt and Libya overthrew longtime rulers.
Stephen State Department by -- as he arrived in Tripoli in May after serving as the special representative.
To the Libyan trans national council last year.
Back to you.
And believable are.
That's -- -- -- live from DC thanks -- its.
Let's take a look at the markets now here in the US futures are higher after the German Constitutional Court approve Germany's participation in the emergency bailout plan.
With conditions.
You can see US futures are up across the board if you look at European markets those are searching for direction among other things.
The German court -- -- cap on the country's liability.
The approval still low paves the way for the creation of a permanent bailout fund that will be able to provide financial assistance to eurozone economy to get to London.
As turn things around here ran to the downside -- four.
But Paris is still up by about nine Frankfurt's up by 36.
The buzz is building in San -- apple prepares to hold an event where it's expected to unveil the newest version of the iPhone.
Fox Business is Robert Gray joins us from San Francisco now with a preview good morning Robert.
A dagger in morning that's right we'll have folks filling up the -- -- a senator just behind me see the Big Apple upfront.
To see the latest generation of these of course the -- were widely expected to see what they'll be calling iPhone 5 although of course -- -- fan -- -- that is actually -- six.
Iteration of the I found this is of course the most important product.
For the world's most viable company apple now the shares have been rallying coming into this lot more on that in a minute but what we're expecting.
Bigger screens the ability to be compatible that you LTV or four G networks what -- -- Much faster in places earlier -- asset -- also open up some new markets potentially.
China and that is what a lot of investors are waiting to hear more about today also -- faster processors and there.
And improved camera with a higher resolution the IOS six the operating system.
We'll have a built in I -- itself caught improvement anyway it's expected to be improved version of Syria of course as the voice.
Activated search with turn by turn navigation.
We're out there also widely of course telegraph the fact that Google Maps will not be standard anymore -- have their own in house apple maps.
Will come with the iPhone 5 expected an integrated Facebook's he'll never be able to log off now Diane.
And of course -- what we're also waiting to hear as.
When it will be available Diane some analysts think he may be able to order these as soon as tomorrow with delivery on the 21.
Back to you.
-- exciting stuff that's Robert -- from San Francisco thanks -- Iran meanwhile the Federal Reserve is set to kick off its two day policy meeting later today in the markets will be watching to see if -- bank issues a third round.
Of quantitative easing some expect the Fed to conduct a new round of bond purchases in an effort to ease long term interest rates and promote borrowing and spending.
Others think the bank will extend its timeline for any rise in record low short term rates beyond late when he fourteen but no matter what the Fed decides to do.
Most do feel that have to act now because the economy's growing too slowly to reduce unemployment.
Retailers may see their first bump -- holiday shopping traffic since 2007.
According to the research firm shopper track traffic will increase two point 8% from a year ago during the peak holiday shopping month of November and December.
As result.
Retail sales should rise more than 3%.
Monthly retail sales have been up against it last year for the last 34.
Of 35 months.
Shopper track says while people have gone to stores with lists of what they intend to buy and skip the browsing party in recent years that behavior seems to be changing.
Here's a look at commodities oil and gold dropped Imus in the morning continues right now.
