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FBN’s Diane Macedo talks with Commerzbank Global Equities Economist Peter Dixon on efforts to pass austerity measures in Greece and the Presidential...
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Good morning everyone millions of Americans will head to the polls today to cast their vote for who they think.
Should be the next president residents in the New Hampshire villages and -- still not and heart.
Were the first in the country to vote casting their ballots at midnight.
Initial voting in -- bill showed President Obama and former Massachusetts governor Mitt Romney tied with five votes each while the president had the lead -- heart.
-- wrapped up his campaign last night where he formally announced it last year in New Hampshire.
Promising voters he'd bring real change meanwhile the president wrapped up his campaign an -- was state that was critical to him weighing the White House the first time.
And this time around he asked voters to help -- finished.
What they started Fox Business we'll have extensive Election Day coverage throughout the day and at night will kick things off with special editions.
-- -- and company and Lou Dobbs tonight beginning at 5 PM eastern followed by election results and analysis with Neil Cavuto at 655.
The take a look at the markets now here in the US we are looking at green arrows across the board Dow futures are up 32 the S&P is up about three in the nasdaq's up about thirteen.
In Europe investors are also watching -- US election closely.
As well as a general strike under -- increase against austerity measures set to be voted on tomorrow stocks in Europe though are in the green.
-- London up about 27 Paris up 21 and Frankfurt's up about forty.
Now this is the third strike.
General strike that is in six weeks being held by the Greek unions and that's it all done in hopes of persuading politicians.
To vote down this new austerity program that they say will commit the country to further hardship.
The 48 hour strike by tens of thousands of Greek workers has disrupted travel.
Schools banks and local governments are shut even hospitals.
Are working with emergency staffing the Greek lawmakers are set to vote on those measures again.
Tomorrow so we'll keep you posted on that of course -- -- a closer look at what's moving the markets today with Peter Dixon global equities economist -- bank.
Over in London Peter Europe as I mentioned watching US election closely what kind of -- response do you expect.
From the markets once the results -- in one way or the other.
Well you know assuming it's -- an Obama victory which I think is what the markets are pricing in.
What -- expecting a huge huge change in in sentiment and I think you know witnesses said before we're seeing -- -- across the board.
I think -- basically because there's a lot of relief that -- the talking.
It's finally stopped and -- beginning.
Obviously if if it's -- Romney victory then may -- The market rush will be little a little different because of the -- -- don't like surprises.
But it's you know at the moment I think Tamoxifen which if you for the Obama -- And speaking of surprises Peter another strike underwear -- is right now this is ahead of tomorrow's austerity vote on the plan.
Is expected to scrape by but could these strikes change that outcome.
Obviously you know the amounts of austerity which is being piled onto the Greeks is force and and yet -- more to the streets.
Schools and will make is I think it's it's a question just how much austerity that can continue to -- -- -- electorate.
As you said it's likely this one we'll speak rude but I think -- reach million it's.
Of what what trees can reasonably do -- I think we may not be able to to push through further austerity to school full.
Aren't as Peter Dixon over Commerzbank Chris talked to Peter thank -- And shares -- zillow are plummeting more than 20% in extended trading after the company missed expectations with its revenue forecast.
The real estate information provider says it expects to make thirty to 31 million dollars in revenue for the current quarter.
Below the 33 million analysts were looking for and for the full year.
The company forecasts it'll bring in 113 million dollars while Wall Street.
Is expecting 115 million as for the third quarter's -- reported a profit seven cents a share topping expectations by six cents.
While revenue of 31 point nine million dollars is up 67%.
From a year ago also just tapping the estimate there.
-- trading volumes in the US and in Europe hit third quarter results for nice Euronext.
The world's largest stock exchange operator says it earned 44 cents a share slightly better than expected.
But down nearly 40% from a year ago net revenue came in at 559.
Million dollars that was down 21% year over year and it missed expectations.
For more than 568.
Million.
As he says the weaker trading activity stems from ongoing concerns about the global economy.
Here's a look at commodities now we've been seeing up arrows for oil and gold this morning oils now.
Up by about 36 cents -- an 86 dollars a barrel gold up little more than seven bucks at 169 Indiana.
