Fox Business
Expand
Browse All Video
Watch Live

You're watching...

General Mills Tops 1Q EPS, Misses on Revenue

Details

  • Description

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

  • Duration 5:00
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- this morning.

Morning every 19 Asia has joined the stimulus drive and it has markets there up across the board the Bank of Japan once again boosted its asset purchase program.

And loan program by more than 126.

Billion dollars in hopes of bolstering.

The country's export reliant economy which has been weakened further.

By tensions with China over territorial dispute -- -- busy -- as I mentioned higher across the board Japan's Nikkei and Hang Seng gained more than 1%.

In Europe stocks got an initial boost on that BOJ move but they are off their highs as concerns about Spain.

Possibly needing a bailout is weighing on markets again London's up by about five Paris is up.

Down rather by almost two points and Frankfurt's up by about eight.

Now let's get the latest look at the what's moving those markets -- -- pots Barclays wealth management strategist.

Over in London -- Spanish debt slightly rose in value this morning -- -- be reassured by that at all.

Where should they almost be rooting against Spanish yield at this point in hopes of getting that bailout request over with let's say you.

Well listen in the prices of understanding exactly what the situation is this -- doubts buying faces some enormous challenges.

Public spending used to -- this high levels of public.

Private deaths in that alongside that -- -- got elevated levels of unemployment.

Unemployment at 25%.

The highest across the -- -- out.

In saying that there is a clear commitment to austerity.

I think the market is still trying to gauge exactly whether it's by you'll need a bite out when not a bit not definite point yet.

And whether that the pets take on the conditionality that would come with facts.

And the Greek government is reportedly planning to sell offs and diplomatic buildings across Europe to raise money we make of that plan.

But Greece needs only can get quite frankly the reality is the economy still going through some very tough times -- back to the second quarter the economy contracted by a massive six point 8%.

They're in the process of trying to privatize things in the process of selling off a number of Barack sense of that get -- of they need to cut for an.

Massive structural reforms -- -- quite frankly the stories we've gone from Greece to look at some of these other.

More important peripheral European countries that we were talking about it's important in the eurozone perspective still relatively limited.

All right that's bang pots from Barclays in London thank thank.

-- but -- the latest read on the housing industry at the bottom of the hour in housing starts for August are expected to commit an annual rate.

A 765000.

Up from the prior month's reading will also get the figure for building permits which is a sign of future activity that's expected to -- -- At an annual rate of 796000.

Below July's rate both of those numbers are out at 8:30 AM eastern.

General Mills meanwhile is reporting higher quarterly earnings compared to a year ago.

If the company earned an adjusted profit of 66 cents a share four cents above the estimates revenue rose 5% from a year ago due in part.

To the company's -- play acquisition Q4 point 05 billion dollars.

That came in just below expectations looking ahead General Mills says it's looking for slow improvement in price and volume trends across its retail food categories.

-- says its fourth quarter earnings rose more than 7% from a year ago.

Thanks to rising sales in its auto parts and domestic commercial businesses the company says it make eight dollars 46 cents a share six cents above expectations.

Revenue rose nearly 5% to two point eight billion matching the estimate.

AutoZone which is the largest auto parts retailer in the US has benefited from cost conscious consumers.

Maintaining their vehicles longer in a sluggish economy.

Apple and four major publishers are offering to let retailers like Amazon.

-- The -- antitrust watchdog started looking into Apple's e-book pricing deals with Simon Shuster harpercollins -- -- MacMillan and Penguin Group last year.

Apple and those publishers with the exception of paying went subsequently offered to settle with the commission -- -- that plan for surfaced last month.

News Corp.

is -- company of both harpercollins and the Fox Business Network.

American Airlines says it's notified more than 111000 workers that they may lose their jobs as as a result of the airline's bankruptcy reorganization.

Now American expect that less than 40% of those -- will actually be laid off the November and December.

But the airline is required to send the -- is under labour laws saying employees must be informed sixty days before major layoffs.

A spokesman for the union representing workers that receive the notice -- says about 800 of them have agreed to leave American voluntarily.

And that will further reduce the number of expected layoffs.

Here's a look at commodities now oil and gold -- mix Imus in the morning continues right now.

Load More