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ExxonMobil Tops EPS Estimates

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 5:09
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This is this Imus in the morning.

On the -- of.

Good morning everyone we have more labor really imports from the labor related reports coming -- -- this hour in just a few minutes the payroll processing firm ADP.

Is expected to report that 135000.

Jobs were added to the private sector last month.

This'll be the first report created under new formula in order to be more in line with the Bureau of Labor Statistics under that new formula.

Last month's number was reportedly revised showing 88000 jobs were created in September down.

From 162000.

At 830 will also get the weekly initial jobless claims number.

370000.

People are expected to have filed for first time benefits last week and that would be up slightly.

From the prior week.

Meanwhile we already this morning got numbers from the outplacement firm challenger gray and Christmas and it says employers announced plans.

To lay off 47724.

People in October.

That's up 41% from September layoffs are up 12% compared to a year ago and this all comes ahead of tomorrow's government -- monthly.

Jobs report where 125000.

Nonfarm jobs.

Are expected to have been added to payrolls last month shares of fire advisor meanwhile are trading lower in the premarket after the drugmaker reported weaker than expected revenue for the third quarter.

Pfizer says it made 63 cents a share on an adjusted basis right in line with the street's estimate.

But revenue fell 16% from a year ago to fourteen billion dollars well short of the forecast for fourteen point 63 billion.

Those latest results qualifies as loss of patent protection on its Lipitor cholesterol drug.

And Avon Products is missed estimates with its third quarter earnings and slashed its dividend.

The beauty products manufactures cutting its quarterly payout to six cents from 23 cents a share.

As for earnings the company reported seventeen cents a share in profit and nickel short of what Wall Street was looking for on the upside.

Revenue was a slight beat at two point six billion dollars the estimate was for 2.5 eight billion.

We're getting earnings -- now from ExxonMobil the oil company is reporting a profit of two dollars and nine cents a share the estimate there.

Was for a dollar 95 -- beat there on earnings for ExxonMobil will still out of still waiting.

The revenue number -- expectation there is for 112 point four billion dollars let's take a look at the markets in the meantime.

US futures haven't -- searching for direction this morning -- now seeing the -- to the upside by about seven points.

S&P is -- change in the NASDAQ futures are up by about six looking Europe stocks there have been weighing a weaker than expected UK manufacturing report.

Against some positive Chinese manufacturing data new currency markets are back in the -- their London's up.

By about 38 points -- is up by twenty and Frankfurt's up about 47 the figure closer look now what's moving those markets with mark priest senior trader at -- -- capital in London.

Mark market seemed to gotten a boost from the PMI numbers PMI numbers that China -- both readings are still at or near contraction so is this optimism warranted.

I thought well -- with the -- we've we sort number rob of the fifth abilities.

There is sort of the number of people sort of related it is key that they -- -- around about fifty level of -- -- you -- is news' -- but I'm.

So there that things are looking okay -- People have told they're told -- part of the world dom.

But I think -- restabilizing -- is not a lucrative confidence -- -- market.

All right we'll take that that's -- great city gate capital and none thanks so much mark.

And the long road to recovery from the extensive damage from hurricane -- is just beginning as homeowners and businesses.

-- their losses New Jersey got the brunt of the storm in our own Jeff Flock is in Hoboken, New Jersey following what's going on there's -- Jeff what's the latest.

I got some new information coming out Diana I wanna get -- to see what that is it just posted a big post new information on aboard wanna see -- stopped traffic and walk across your -- -- -- -- get run over.

This is the -- City Hall in Hoboken.

-- hello this is the home of Frank Sinatra for those who have who may not remember what Hoboken -- Under the caution tape if I can I just want to read this.

They say total power restoration now seven -- ten days the tap water is always safe to drink -- got phone charging stations out.

Shelter locations as well as they're providing water.

To folks.

Nearby here.

Asking people not to use your vehicles because they have a gas shortage.

As you know the Holland Tunnel is shut down that -- a Lincoln Tunnel was opened.

The path trains are gonna be close still for several days but they are running some buses -- to New York City so there you go people out walking their dogs here this morning Republican.

Dog and well what goes on but he -- power or not.

Doing their gonna all the returns -- Diane.

Doing their best returns to normal Jeff thanks so much for the update we appreciate it let's take a quick look.

Act commodities oil and gold -- up and now here's the -- man on fox.

Ladies and gentlemen.

Five months in the war.

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