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Futures Flat Ahead of Oct. Jobs Data

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

  • Duration 4:59
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This transcript is automatically generated

This is the drivers -- -- morning program on the Fox Business now.

Our.

Good morning everyone -- -- to get one of the most important pieces of economic data later this morning with the release of the October jobs report.

And this'll be the last jobs report before the presidential election.

Economies estimated to -- added 125000.

Jobs last month up from the 1141000.

Added in September but that's still below what's needed for a healthy economy meanwhile the unemployment rate is expected to tick up slightly from seven point eight.

To seven point 9% we'll also be looking at the labor force participation rate that shows the percentage of working age Americans.

Who had jobs or are looking for them.

That number moved slightly higher to 63 point six in September from 63 point five in the prior month -- involved.

That's a sign that more people -- aren't interested in finding a job or maybe too discouraged to look.

The report comes -- way at 8:30 eastern and Fox Business is Peter Barnes will be at the Labor Department live to give us that news as soon as it breaks.

In the meantime let's take a look at the markets here in the US -- -- have been searching for direction all morning.

We're now looking at a mixed market fairly flat numbers here that the Dow is down by about two S&P futures are up just a -- of a point and the nasdaq's down by about two is well.

In Europe eurozone manufacturing PMI came in better than expected but was still lower.

Then the previous month we're looking at similar numbers they're fairly flat.

And mixed market in Europe let's take a closer look now at what's moving those markets with -- Ingram market analyst at BG -- partners in London.

Mark what are these PMI numbers -- for the prospect of real growth in Europe and in a better than expected but again still -- -- -- -- a deep in the recessionary territory and it continues a trend that we've seen since the second.

Quarter this year when one piece of data that I was actually very much focused on this week was a couple of days ago the young European Central Bank.

Release its quarterly lending survey now this is a so that was taken softer than Mario Draghi ONT program bond buying program.

And it shows that -- -- for credit is basically collapsed.

Throughout the years and some banks have actually got a bit more cash to put to work in the economy but people -- -- wanna take -- well not so.

It indicates that backdrop I think that's you know you look at the official full cost growth next year in Europe.

Point 4% more marginal growth in -- -- -- we we could be looking -- recession -- -- -- pretty much across Europe.

And -- the chairman of the treasury committee came out today saying the government of the Bank of England is quote defective.

Basically criticizing our views were done there is this just reprimanded things pastor does this reflected all at the back on the bank going.

Well I think it's sort of reflective at least two things and -- is that they that treasury select committee had -- -- Has been a long -- -- for the Bank of England they're against the Bank of England getting -- Paris next year to.

Oversee financial institutions.

Adams you know it's it's it's easy political point scoring.

I haven't had a good chance look through the three reports which that I have been and actually report Terry Barton today.

But it does seem to me.

As though they feel that it's been a little little white -- and they -- -- -- some people from the Bank of England before this committee to find out you know.

What's going -- accident concluding Fulbright -- And I as my prayer -- BDC partners and we're glad that you're here to help us get more informed Mike thanks practice.

-- -- We're getting earnings -- now from Thomson Reuters the companies reporting an adjusted profit of 54 cents a share beating the estimate for 48 cents.

Revenue is also -- -- that came in at 3.2 two billion dollars the estimate there was for 3.2 billion.

And we're getting earnings in from Gartner the IT firm is reporting an adjusted profit of 35 cents matching the estimate dead on.

While revenue came in slightly off -- 374.

Point four million dollars BS meant there was for 378.

Million.

And the -- will continue to come.

The -- the day we'll get more results from some big names including more oil earnings Chevron is expected to report a profit of two dollars 83 cents a share.

On revenue of 63 point nine billion dollars test is also reporting an estimated to have brought in one dollar nineteen cents a share.

On revenue of nine point 25 billion dollars and Ralph Lauren will be representing for the fashion industry.

And is expected to report two dollars fifteen cents in profit on one point 84 billion in revenue we'll have those reports so many more as those numbers crossed.

Throughout the day.

Meanwhile the iPad many -- apple stores in several Asian cities today but the device which costs more.

And rival products from Google and Amazon -- smaller crowds compared to the company's previous global launches.

Lines of more than 100 people formed outside apple stores in Tokyo and Seoul.

But that's compared to when people lined up for blocks to get their hands on the iPhone 5.

The iPad -- is Apple's first major new device since the death of co-founder Steve Jobs last year and Apple's first entry into the competitive small tablet market.

Imus in the morning continues right now on Fox Business.

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