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UK GDP Grows 1% in 3Q

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  • Description

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

  • Duration 5:07
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This is this Imus in the morning from.

On the -- Morning everyone Aetna is reporting higher quarterly profit from last year as it reached its 2012 membership -- ahead of schedule and kept cost down.

The third largest US health -- says it made one dollar 55 cents a share on an adjusted basis well ahead of the estimate.

On revenue of eight point 92 billion dollars missed the forecast for eight point 96 billion -- also raising its outlook for 2012 to five dollars ten cents a share two cents above.

-- testament.

We already -- -- now from Procter & Gamble to consumer goods companies -- slightly adjusted profit of 96 cents a share matching the estimate.

While revenue came in at twenty point seven billion dollars just shy of -- -- point 78 billion analysts were looking for.

Checking the markets now we are starting the day with stocks in the green here in the US futures.

For the Dow are up 54 the S and -- up about seven and the nasdaq's up about sixteen.

In here at the UK came out of recession with a third quarter GDP reading of 1%.

That was better than -- estimates also the strongest quarter in five years earnings from BASF and Unilever were also better than expected and are lifting stocks.

The major markets you can see in the green as well London's up by fifteen Paris is up eighteen and -- have about 42.

The figure closer look now what's moving those markets as will -- in market trader.

At IG and Lundin -- earnings season is well underway one theme we keep seeing.

Is US companies blaming weakness in Europe for disappointing results -- outlook how worried should we be about that.

Yeah I think it's generally the than with the theme kind of guess is that the whole season was seeing and yeah.

You paying companies as well -- -- -- -- even today that like sports and gamble.

Consensus that business how we see that Europe -- I -- but I really lagging behind some of their performance especially in perhaps a major market standard is set.

It's a thing that we're gonna see continuing insisting that we're seeing the the delighted softened by companies.

I think year on US emphasizing.

That doesn't really Europe is still.

Perhaps even for -- or -- gonna remain very tricky for these kind of funds.

And shifting gears a little bit well bank deposit data released today shows consumers and companies -- -- is deposited more money.

In Spanish Greek and Italian banks and they withdrew in September while flows into German and French banks actually went into reverse what you make -- Yeah I think -- they have reasonable caught an encouraging sign that the sentiment for the year is on his picks up over the last month Felicia we've seen the -- markets reacting in the in a in a positive wife in that time period as well we've we've view was warning for -- peripheral.

Struggling -- -- I think in this in this context it's it's a case of good news is very much welcome -- That's well ahead -- over at IG living the good news that we can find it rent them.

Network that Andrea thanks a lot that's we'll -- and from ID and now our getting resulting from Sprint Nextel the wireless companies reporting it lost.

Of 26 cents a share the estimate there was for 42 cents so a smaller loss than expected meanwhile revenue came in at eight point eight billion dollars.

The S that there was eight point 81 billion.

Also the CEOs presidents and chairs of more than eighty top US companies are urging congress take a series of steps.

To curb the rising US deficit and a letter obtained by the Wall Street Journal the heads of Microsoft Goldman Sachs Boeing General Electric and JPMorgan Chase just to name a few.

Are calling on lawmakers to implement spending cuts and tax increases -- also -- the government's reform and improve the efficiency programs like Medicare and Medicaid.

The statement was organized by campaign called fix the debt which is urging lawmakers to set aside partisan differences.

And put the US on a sustainable fiscal path if congress fails to reach -- deficit reduction -- by the end of the year.

Big spending cuts and tax increases will automatically going to affect come January.

-- to get several pieces of economic data this morning including the latest look at the labor market.

Initial jobless claims are expected to show that 370000.

People filed for first time benefits last week.

Now let me down from the prior week but -- see if that number -- -- as usual.

Also get the reading on durable goods for September that figure is expected to show that orders increased seven point 1% from August -- orders fell.

More than 13% keep in mind durable goods are products built to last three years or more like dishwashers -- cars.

If you take out the transportation component.

Orders are expected decline by just zero point 8%.

After falling one point 6% in August now we'll have -- -- numbers for you as soon as they cross at 8:30 eastern.

We're getting earnings and from Colgate-Palmolive.

Now the consumer products companies reporting a profit of one dollar 38 cents a share matching the estimate.

While revenue was a slight -- of four point 33 billion dollars.

The analysts were looking for four point 39 billion.

Here's a look at commodities now lamentable but the markets are to the upside this morning oil's up.

About 56 cents trading around 86 dollars gold up almost fourteen bucks at 1715 announced.

Coming up this our privacy guest is Imus in the -- the Dartmouth Berkett Fox News contributor Sally -- Now -- the IMM live on fox this.

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