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FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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This is this privacy of the morning.
On the -- Good morning everyone President Obama and Republican presidential nominee Mitt Romney -- face off in their first debate tonight.
-- US spent the past several days preparing for the event and for Romney.
It could be an opportunity to change recent polls which have him beyond the president in a number of key states boxes.
-- have live coverage of the debate from Denver starting at 8 PM tonight.
Look at the first of this week's gauges on the labor market in just a few minutes when we'll get September report.
From the payroll processing firm ADP expectations are -- report will show 143000.
Jobs were added in the private sector last month.
That would be down from the 201000.
Added in August but that number could be revised report is set to be released at 8:15 eastern and it comes ahead of Friday's jobs report.
That's expected to show nonfarm payrolls increased by 113 thousand.
Checking markets now here in the US futures have been searching for direction this morning he -- -- the S&P.
Exactly flat the Dow and the NASDAQ are up just slightly in Europe investors are being cautious there as well after Spain's prime minister said.
-- request for bail out funding is not imminent.
Markets there are mixed London's up by about seven Paris is down by nine.
And -- up by about four let's think a closer look now what's moving those markets with -- -- kind of market analyst at city index in London.
-- new survey shows activity in Spain services sector shrank sharply in September and I -- as I mentioned.
Country's prime minister says it won't need a bail out just yet but what does this do for prospects that Spain will need a bail out at some point.
What exactly I mean as far as the -- is consent they gave believe that Spain well at some point.
Be asking requesting a formal by an outside it's not a matter of if it's my -- matter of -- and and that nothing days of being sign around I mean I think a lot of eyes and making it sort of price twenty -- and uptight about.
And mommy cut the -- elections and spank.
But the month is do you really believe that this will -- -- for more by an outlook happen and we conceive -- the bonds the bonds yields are remaining pretty steady.
Add around sort of five point 75%.
So well but like hikes like -- 6% Sega.
And some experts are also recommending that EU banks separate trading activities from their every day saving and lending operations of the safeguard what's your take on that.
Yeah I mean this would be a massive operation it really would be a huge -- I think perhaps it is something that is that -- is needed to be done or at least considered extremely serious it.
Protection does need to be out that for the -- child client.
And and this would be -- -- wed -- and now we've sort of sort of seeing some maintenance towards that there has been an out of reset some cities.
And say -- and the second by -- -- -- it is going to be an interesting prospect.
Whether it will happen and wet and how -- they'll take a perhaps the really interesting questions.
All right that's the -- caught up for market market analyst at city index thanks Hannah.
And -- getting results and now from Monsanto the agricultural companies reporting an adjusted loss.
A 44 cents at the wider loss than expected the F stimulus for -- 42 cent loss.
Revenue came in at two point 11 billion dollars that's also -- missed the estimate was for 2.2 five billion.
Family Dollar stories meanwhile are reporting higher quarterly profit compared to year ago thanks to food sales.
The discount retailer says it earned an adjusted profit of 75 cents a share matching the street's forecast.
Revenue rose nearly 11% to 2.3 six billion also in line with expectations.
And shares of MetroPCS are trading higher on word that the mobile phone company is merging with Deutsche Telekom's T -- US unit.
That's according to Reuters recite the German newspaper FTD as saying the deal has been improved by MetroPCS is board.
At your PP CS will get one point five billion in cash -- four dollars a share according to the Wall Street Journal.
Deutsche Telekom holds 74%.
Of the new company -- MetroPCS will -- -- 6%.
And shares of best buyer jumping this morning on reports founder Richard shells is -- pushing forward.
With his possible eleven billion dollar buyout plan for the company.
According to Reuters -- and at least four private equity firms Apollo global.
Three risk capital management TBD capital and Leonard green and partners have started examining the company's books.
-- financial advisors at Credit Suisse are also working on a Prudential deal.
Sources say -- is negotiating individually with the private equity firms iron at a potential plan.
But the process is still in the early stages.
Here's a look at commodities now -- -- have been mixed.
Most of the morning -- now down about 65 cents at 91 dollars a barrel gold up about five bucks at 1780 -- Coming up this hour -- is guests will be -- them -- former advisor to Vice President Dick Cheney Mary Matlin.
And now here's the I man live on Fox Business giving you the power to prosper.
