Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Facebook Shares Rally Ahead of Trading Day

Details

  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 4:37
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

This is this Imus in the morning.

On the -- Good morning everyone shares of FaceBook -- more than 11% already in premarket trading on better than expected third quarter results.

And faster than expected growth in mobile advertising.

The social networking giant reported a profit of twelve cents a share a penny above what analysts were looking for.

And revenue of one point 26 billion dollars just topped expectations.

Face but says mobile ad revenue totaled nearly 150 million dollars in the quarter.

Up from an estimated forty to fifty million in the prior quarter and almost nothing.

In the first mobile advertising -- been a major investor concern for FaceBook which has resulted.

In more than forty billion dollars of its market value being lost since its -- IPO.

Eli Lilly is reporting third quarter results that fell short of the street's estimates due in part to generic competition for it said -- -- Schizophrenia drug Lilly says it made in -- -- profit of 79 cents a share four cents below the forecast.

Revenue fell 11% from last year to five point 44 billion dollars company's results were also heard.

By higher taxes.

Reading -- in now from Northrop Grumman the -- contractors reporting a profit from continuing operations of one dollar 82 cents a share.

The estimate there was for -- dollar 69.

Revenue came in at six point three billion dollars just shy of the estimate for six point 33 billion.

Checking markets now here in the US futures bounced back -- after dropping a little bit earlier on European data -- seeing Dow futures now up eighteen.

Yes and he's up for the nasdaq's -- shield in Europe German business confidence fell more than expected.

Eurozone PMI also came in below the estimate stocks in Europe have also rebounded.

Currently in the green London's up by eleven Paris is up by thirteen and Frankfurt up seventeen.

Let's take a closer look now what's moving the European markets is Joseph Rundle head of trading at ETX capital.

In London and -- that's right there has released new austerity -- for Greece demanding.

Of -- when he 5000 civil servant layoffs a hike in retirement age.

And wide ranging tax increases what do you expect Greece to do with that especially after -- on coalition government couldn't agree austerity measures yesterday.

I think that pretty aggressive time tonight confidence can't imagine the Greek people -- -- -- these have very lightly.

I'm and I think this lies the problem with the US -- crisis the times I have that they -- aside -- cost for the people I don't know we're probably gonna say yeah.

Some widespread protests.

And public strikes and I expect pressure on the government it's a very fragile coalition side.

I expect pressure coming into the beginning half of next yes I I spent the government -- from this.

And to add to that -- the German finance ministries also calling for an escrow account.

For Greece's bailout -- summit to be transferred from there to the ECB has -- Greece's tax revenue.

Want Greece go for that -- could be seated country leave the eurozone overall.

Okay.

Yeah identity.

Greek people will -- for this not expect look at another election.

Early next -- overcome election though on whether they cannot remain in the urine I think it's a really high -- that they can.

I'm will be left.

To leave the Euro this time on the wireless weather is gonna contagion to Spain and that's already happened so I think ultimately Germany might push them out of the -- Right that's Joseph round up from Egypt's capital thanked him.

Them and we're getting earnings in now from NASDAQ OMX exchange operator's reporting an adjusted profit of 62 cents a share beating the estimate for sixty cents.

Revenue that was in this coming in at 409 million dollars the expectation.

-- for 411 point nine million dollars.

-- to getting earnings in from general dynamics the aerospace defense companies reporting a profit of one dollar seventy cents the estimate there for a dollar 78.

Revenue was also -- coming in at seven point 93 billion dollars vs the estimate for eight point 04 billion.

Here's a look at commodities now receive oil and gold to the upside -- up almost ten cents an 8687.

Dollars a barrel their gold up a little more than a dollar.

At 1710 an ounce and looking again -- futures we are seeing green arrows.

Across the board here we did see -- in the red earlier.

On negative PMI -- -- numbers from Europe as well as German consumer confidence there but.

We are seeing future's now in the green Dow futures are up by nineteen the S&P is up by four.

And the nasdaq's up by about two.

Coming up this hour Imus is guests -- -- New York Times best selling author Deirdre Imus -- Fox News legal analyst at least we'll.

And now here's the -- live on Fox Business giving -- the Howard across.

Load More