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Good morning everybody we've got a lot of news to cover this morning again.
That quarterly report on economic growth comes out at the bottom of the hour look at how Asia -- -- however.
Down across the board losses of more than 1% there -- over to Europe selling as well.
It's not as bruising not is brood all but the -- 100 index is down point 6%.
And then the US futures are also lower.
Dow futures however are off their lows the morning copies are down more than a hundred points -- some hours ago down 79 right now maybe -- maybe investors are expecting a little bit better news.
One point -- percent growth -- what we anticipate for the third quarter first report on third quarter GDP.
Oil still trading below 86 dollars a barrel but off its lows gold down nine -- -- -- And saying he could be a storm.
The likes of which we have never seen before -- is making her way toward the East Coast right now she's -- category one hurricane.
And it could combined with other weather system essentially turn into a tropical storm slash hurricane wrapped in a -- Look at that due to the East Coast AccuWeather dot com's mark -- -- can tell you good morning mark.
Thanks Luttig and it can make a real -- in the northeast United States those of you live in the northeast.
Now to try to make your preparations.
-- be prepared for power outages.
In all salt flooding.
Our system right now.
As you said category one here in the northwest Bahamas top winds about eighty miles an hour or so as we slowly up towards the north -- satellite picture -- a little less organization to the system.
But we have seen some showers sweep into the coast of Florida.
Some of the video we saw -- top the hour shingles -- crashing the coast so we're just getting lashed by the outer fringes of the system.
Which is primarily off to the east now over the weekend this move rapidly -- an early next week -- -- move ashore the high winds and heavy rain.
And potential for significant flooding and power outages back to you.
Mark thank you so much for that we're gonna shifted gears away from the weather here.
To the markets.
Over there are across the pond John Randolph is standing by in London director of sovereign risk.
For IHS global insight.
-- is there anything to look forward to in terms of this quarterly report that we're gonna get on our third quarter.
We're we're we're our peoples and that's -- news on growth.
-- big -- pointing in Europe and and Asia.
The markets will keep -- -- background of global backdrop is not looking good.
It is there anything to give us.
Hope that we'll turn around that there will be.
More resolution coming out of Europe that there will be at least some juice because in terms of -- quarterly earnings reports that we've gotten from.
Major company after major company not only at the last quarter bit disappointing outlooks had been just well ratchet -- some cases.
It's a good question of -- way it's prepared to come from in Europe.
I think the key countries -- -- -- the the locomotive economy.
But it's slowing as well and is likely to stagnate.
And the question is will -- wait until emerging markets stimulate their economies like China and -- -- so they can grow and that others around the with -- Or is -- -- gonna finally decide it's time for us to actually stimulate some growth.
-- countries we can afford it.
-- it was great to see thank you so much I have -- terrific weekend always amazing to see you young Randolph.
And now for a recap of yesterday's markets and a look ahead we get a warrant some an addict and a new arm.
Good morning heading into the final session of the week stocks are down and things for a bit better on Wall Street yesterday the Dow added 26 points the NASDAQ -- S&P 500 tacking on four points each.
That on that are jobless claims and durable goods orders however the overall market this morning is struggling.
Futures are down dramatically.
Apple shares are in focus the iPad giants that are rang up 36 billion dollars in sales in the latest quarter and says it'll -- up another 52 billion over the holidays.
A Wall Street wants more.
It's disappointed it's costing apple more money to make its products especially the new ones.
Plus issues -- production plants in China are making it difficult to meet rising demand for iPhone 5.
And -- own research and development expenses for its new devices rose by 40%.
Apple says it cannot and will not compromise quality and that's one reason the iPad mini is so expensive.
Sticking with -- 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 weighed down by its stake in living social and spending on its Kindle.
The Kindle fire HD tablet by the way is Amazon's best selling product around the world.
-- tee -- Lauren thank you and now Diana -- has more.
Business news for -- Hayden.
Hague Aegon will be getting our first look at third quarter gross domestic product -- the bottom of the hour and it's expected to risen one point 9% during that time.
-- be up from the second quarter's one point 3% growth economists expected -- in consumer spending to offset cuts in business investment.
Still even if the never -- those expectations it'll still be too -- to put a dent in unemployment.
The GDP reading comes out at 8:30 eastern -- we'll have those numbers for you.
As seen as they crossed meanwhile Merck has reported mixed third quarter earnings amid stiff competition for the company's singular medication.
Generics are giving -- as a medicine a run for its money.
The drug makers reporting adjusted profit of 95 cents three cents higher than the estimate.
-- revenue fell 4% to eleven point five billion dollars slightly lower than the street's expectation for eleven point 57 billion dollars.
And -- got better than expected earnings in from Arch Coal and shares of the company are now jumping in premarket the mining company reported.
And adjusted profit of twenty cents a share much better than a loss of sixteen cents analysts were expecting.
Revenue was also better than expected at one point one billion dollars the estimate there was for one point 01 billion dating back to thank you Diane.
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