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Toys R Us Hiring 45,000 for Holiday Season

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  • Description

    FBN’s Robert Gray breaks down the stories moving the markets around the world.

  • Duration 4:53
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This transcript is automatically generated

This is -- Imus morning program.

Doesn't look good from the Fox Business now.

Good morning I'm Robert -- let's check the markets here in the US futures have been little change this morning -- some key data on the housing market due out later today see the Dow's up.

Ten points yes -- meanwhile in Europe Italy sold five point four billion euros of bonds this morning with two year borrowing costs coming in below 3%.

At two point 53% it's down from the previous auction and the lowest since March stocks however moving lower across the board.

Take a closer look at what's moving the European markets right now get Laurie Puhn from BGC partners in London and -- -- good morning to you and Al might -- is joining us now would be G partners in London morning yeah came hours rights.

Percent to do you have a lot of the -- area -- -- where we've been talking about the global growth vs sovereign.

Debt issues here.

What's at the forefront on your -- at the moment.

Well -- -- I think markets really just treading water.

Ahead of -- -- in Spain you -- it's budget numbers.

Out of Spain and possibly got the bank ordered results did not undergo a possible a downgrade from Moody's so Friday big day in the meantime the market just treading water volumes -- into -- -- levels.

And it kinda reminds -- the the series for the Walking Dead at the moment.

Hello -- guided their some possibilities that these numbers could be leaked to the markets particularly if they're good.

How much day are you anticipating that happening up before Friday's event.

Well I think this whole things can be quite in terms of the back the bank awarded numbers I think that they could be quite well stage managed -- in their being several stress tests published over the last few months.

They the last from the IMF -- in July I think -- 63 billion.

Market's going to be very sensitive to just how close -- about 100 billion line of credits it -- But there are rumors obviously -- that is going to be you know 12050.

But yet what -- -- -- -- markets can be very war.

Dan -- -- of states you expect anything to commodity Merkel and drug it talks.

-- not really mean.

I mean.

Met Marion -- -- and is is desperate to reits right that said that it's he does not want to any kind of Vanna and I actually it's it's quite mischievous and that public kind of pushing Spain.

Four because they have Spain takes -- but I liked it actually makes easily adapt but safer.

So yeah a lot of policy gonna buy out of which likes -- expect very little of any substance coming out of those sorts.

Alright Mike Ingram from BDC partners -- you joining us from London.

Shares of Caterpillar meanwhile living glory in the premarket after the -- cut its earnings forecast out for the year 2015.

The equipment maker blaming the expected shortfall on a bigger -- expected drop in demand for its products over the next few years.

Expect that's due to weaker commodity prices cat is the latest multinational to raise concerns about the sluggish global economic recovery.

Caterpillar says earnings in 2015 may be as much as 40% lower than the upper end of its prior forecast.

The company says it will discuss expectations for 2013.

When it releases quarterly earnings next month.

-- Yahoo!'s chief executive is expected to lay out her plans to turn around the company today.

Website all things.

The site says Meyer will hold another all hands meeting on Monday.

At that -- she's expected to introduce -- -- system and process for the company's goals that involves tracking integrating practices and that system was in placing Google where -- was a long time executive.

Before moving ever to Yahoo! in July.

Or set to get the latest read on the housing market this morning with the release of the case Shiller report on home prices for the month of July.

Prices for the twenty city metro index are expected to rise by one point 8% from the prior month.

Keep in -- prices jumped 2% back in June which was the first increase in September of 2010.

The numbers due out at 9 AM eastern and we'll have -- as soon as it crosses.

Toys 'R' Us is putting out -- help wanted sign for the upcoming holiday season.

The company is hiring 45000 workers -- -- pop up stores and it's also beefing up customer services.

Like shipping online purchases to stores that's -- nearly 13% jump from the number of seasonal workers Toys 'R' Us hired a year ago.

Let's take a look at commodities now is -- oil and gold prices both living higher oil up.

Back above 92 bucks a barrel up one half of 1% in early trading coming up this hour Imus -- guests will be relationship expert Laurie Puhn.

Now here's the I'm channel Fox Business giving -- -- power to prosper.

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