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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 Imus in the morning.
On the Fox Business.
Good morning everyone is another big morning for earnings in just a little while ago we got them in from you yes the package delivery company reported a profit.
Of one dollar six cents a share matching the estimate while revenue came in.
At thirteen point 07 billion dollars just missing the expectation there for thirteen point three billion.
UPS says there's uncertainty around the magnitude of the holiday shopping season.
And it blames that for some of those results meanwhile United Technologies is reporting mixed results for the third quarter.
The diversified manufacturer says it made one dollar 37 cents a share on an adjusted basis easily beating the estimate.
But revenue of fifteen billion came in short of the forecast for fifteen point five billion.
United tech also cut its sales forecast for the year citing weak demand from airlines and and -- -- economy.
The company expects sales come in at the low end of its prior forecast to fifty to 59 million dollars.
But back its full year profit forecast a five dollar 25 cents to five dollars 35 cents a share.
Checking the markets now here in the US futures have been in the red across the board all morning we are seeing them that Lowe's now though Dow futures are down by 121.
-- down about fifteen nasdaq's down 25.
In Europe earnings concerns are weighing on markets there as well also Moody's downgraded the ratings of five Spanish regions.
And confirmed ratings on five others were -- markets there in the red as well.
We're seeing London down by about 65 Paris is down 42 and Frankfurt's down 102.
Meanwhile President Obama and former governor Mitt Romney faced off last night over foreign policy in their third and final presidential debate Fox Business is rich -- in.
Is live in Boca Raton Florida now with the recap good morning -- Good morning -- a bit -- a role reversal a couple of respects indicator this debate first -- President Obama.
Came off a bit like the challenger in this one far more aggressive than he'd been in the first debate about the same.
Type -- push that he had since the second debate last week also.
Governor Romney seem far more relaxing he had been in any of the two prior debates this was also a role reversal in subject matter was of foreign policy debate.
We did occupy much time on foreign policy but still economic and domestic issues played a huge role in this debate.
Romney's aides say that was very much by design.
Their whole point on this first off the candidates much more comfortable talking about economic issues -- what they've created their entire campaign around.
And secondly there argument.
Is that when it comes to US economic power has everything you do with American power on the world stage where that's evident in where these two candidates certainly diverged.
Military spending.
Maybe for example that we have fewer ships that we did in 1960.
Well governor we also have fewer horses and -- and that's.
Because.
The nature of our -- is changed we have these things called aircraft carriers where planes land on the I want to make sure that we have the ships that are required by our navy our air force is older and smaller that any time since it was founded.
In 1947.
China currency also played a role -- did this with governor Romney again reiterating he would label China -- currency manipulator.
Day one of his administration.
Back to you.
-- that's rich -- -- live from Boca Raton Florida thanks rich.
Meanwhile apple is holding an event in San Jose California today where it's expected to unveil a smaller version of its popular iPad.
And -- is standing by in San Jose to see all the action is is it starts at -- it was a preview now.
Of all we can expect to hear and see from apple.
Well they're going to be announcing the iPad many which is gonna be little larger than -- seven inch tablet device to compete with the Kindle fire.
And the Google nexus tablet but the problem.
For apple is the price point a lot of people are estimating that this will come in between.
215400.
Dollars Kindle fire HB cells 499.
Dollars.
Investors will be looking for signs.
That apple is going to maintain its dominance among -- phones and tablets when you look at the last quarter -- phone and tablet sales accounted for roughly 70% of revenue.
Ed apple -- -- -- 70% of their sales -- volatile over 40% -- got to get the updated or introduced.
I've had many you know is expecting an update to the actual iPad itself.
We also expect these are the rumors that are flying around that they'll be an announcement about a refreshed.
-- Max.
As well as a potential thirteen inch MacBook Pro with a Retina Display.
So all that is coming down the -- today apple shares closed up.
As everyone gets ready for the announcement about the -- many.
Anybody's guess -- where the price point will be but analysts saying anywhere from 250 to 400 dollars game changer if they actually go competitive with a 199 dollars.
To compete with -- Back to you Diane.
All right interesting stuff atmosphere thanks that a month it's talking.
Let's take a look at commodities now we're seeing oil and gold like the market to the downside this morning oil done about a -- twenty -- -- 87 dollars a barrel.
Gold is down about seventeen dollars now trading at 170 wait announced.
Coming up this our -- is guest is Bill O'Reilly of Fox News and now here's the -- man on Fox Business.
Giving you the power to prosper.
