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Earnings Hit Global Markets Friday

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  • Description

    FBN’s Dagen McDowell breaks down the stories moving the markets around the world.

  • Duration 6:21
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Take your around the world and see how the markets are faring this day Asian markets are lower across the board.

Heavy losses really all all north of 1% the Biggest Loser there being the kospi and South Korea.

And already Europe are we seeing losses as well we are indeed but not -- -- -- selling not as happy as it was.

In Asia overnight but in England France and Germany all heading -- And here in the United States futures -- three point loss on the Dow futures right now.

-- is bidding season of disappointing earnings at 243 point loss earlier this week 3 AM DuPont and United Technologies.

All lowering their outlooks for the year uncertainty.

Being the operative word this week.

Oil trading at 85 dollars a barrel we.

And for more on the European markets and we will bring you whether as soon as we can.

But let's go to London first we're joined by.

ETX capital.

-- -- just explain what is weighing on the European markets today is it our earnings is -- anticipation of may be weak growth here in this.

-- -- -- -- -- -- And -- combination of both of those apple and Amazon's earnings.

Pretty underwhelming and of hit European markets this morning.

And on top of that that the fact that -- situation here resigned from Greece and Spain is on improving we've had Spanish unemployment figures which is up again.

25% of the jobless what is -- point 5%.

Suggesting that -- of the stimulus -- media tells market that.

And the fact that Greece -- more money it's it's a sense -- services that call.

And its incessant credits is looking getting getting it's going to be very difficult to do -- -- -- again that's that's causing inventories but those factors.

I don't some of the fact that we announced -- US GDP that's at -- And and and move on worries that if fit under the that was we see as another great Freddie could consist of -- -- in the in the in the in the US dollar against.

Its rivals.

So depressed rumor -- it.

I'm looking here.

A look at the Euro look at currencies currencies and the fact that the US economy at least is still wrong but our -- -- That the euro's been able to hold up as well as it has is quite shocking I mean should we didn't -- by now.

If you think so you have me it's gonna hit 130 of the week through the course of the week it's gone by that's one -- and it's gonna struggle for the next.

But -- the next few weeks and so we get the Europe group losing we're gonna get a bit more information on -- That -- -- -- finance services have to -- about Spain and some support progress in the environment in Spain actually.

Getting together with the with the EU leaders are working under agreements that -- it -- seek some sort of financial help from the ECB until we get those positive development.

From a consumer.

You -- outperformance -- -- -- that range bound trading across.

Europe and and and all of its.

To.

Pres.

If shoppers could see this morning thank you so much for being here each I think you have a great week.

And the man now for a recap of yesterday's markets and a look ahead to today we turn to fox -- Lawrence and -- she has more.

Good morning heading into the final session this week stocks are down things were a bit better on Wall Street yesterday the Dow added 26 points the NASDAQ and S&P 500 each at it for.

I'm better jobless claims data and durable goods orders.

However the overall market this morning is struggling futures are down quite a bit.

Apple shares -- in focus the iPad giant said it rang up 36 billion dollars in sales in the third quarter and says it'll bring up another 52 billion.

Over the holidays that Wall Street wants more it's disappointed it's costing apple more money to make its products especially the new ones.

Plus issues at production plants in China are making it difficult to meet rising demand for iPhone 5.

Plus Apple's own research and development expenses for all its new devices rose by 40%.

Apple says it cannot and will not compromise quality that's one -- iPad mini is so expensive.

Sticking with the tech scene today Amazon.com.

Reporting a loss of 274.

Million dollars in the September quarter revenue of three point 81 billion dollars.

Also missing expectations the world's largest online retailer.

Was weighed down by at stake in living social and its spending on its Kindle.

The Kindle fire HD tablet by the way is Amazon's best selling product around the world paktia.

Thank you -- And we -- to go to -- Sato who has more business headlines this morning and hey Diane heyday in sewers that get our first look at growth in the third quarter this morning in gross domestic product is expected to show a rise.

Of one point 9% during that period that would be up.

From the one point 3% growth we saw in the second quarter.

And that's because analysts expect the last minute -- in consumer spending to offset cuts.

In business investment despite those stronger expectations though even if they do -- -- there is still short.

Of what is needed to lower unemployment that GDP reading comes out at 8:30 eastern time in as usual have it for you as soon as it crosses.

Meanwhile -- have posted a third quarter profit of seven point four billion dollars today thanks to strong sales.

Of its galaxy phones -- Korean tech company reported operating profit last quarter.

Increased 91%.

From the previous year which is in line with the forecast.

Samsung is the world's top tech company in terms of revenue.

Shares of the company has spiked almost a quarter so far this year the games however are only half that of Samsung's rival.

Apple taken back to you.

Thank you so much -- people along the East Coast bracing for a storm the likes of which.

We may never have seen before as hurricane same day makes her way toward our shores forecasters are warning -- say it is expected to merge.

With a winter storm and -- blast of Arctic air in the US next week.

Creating -- are what is being called a Franken storm it I'd talk to Janice Dean this -- and parent make up.

And I said tell me about -- she said it is essentially a tropical storm hurricane wrapped in -- northeast are nor'easter it's crazy.

This morning the hurricane is making its way out of the Bahamas as a category one storm so -- we -- people have been killed across the Caribbean as a result of standing.

-- meantime radio talk show host an.

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