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Futures Down After Election Results

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  • Description

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

  • Duration 5:10
  • Date

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Liz claim -- in Times Square get you an energetic before a very different types spread to four years ago when this was an historic development.

But still it's a big development Barack Obama gets another four year lease on the White House hasn't gone down there.

Well let me tell you something you're looking at a crowd behind me in one Gerri Willis just a few minutes ago said -- you.

Neil let's like crickets here at the Romney headquarters I would have to say right around that time it was like crickets here to O'Neal was very very quiet.

But -- a couple of more electoral votes showed up on all the screens if you can't ever hear.

You can see look ABC news -- the NASDAQ while at the moment and if you look right over here behind -- -- Fox News.

And suddenly people started to realize what was happening and then the cheers came up but.

Again it is not exactly the most wild -- you know we reported as we see -- you can see most of the people are being held in that area.

You know NYPD has a presence is nothing too overwhelming at the moment.

It just seems -- sporadic applause here obviously -- a lot of Barack Obama supporters here in Times Square a couple of signs.

Lots of cheers every time more electoral votes come in but.

I wouldn't call it I U2 concert meets the Rangers winning that and I hope.

The hockey the national hockey league championship -- operating at at.

You know Liz I've been looking at the futures -- accident you know what it.

Earlier today we had this big run up in the market there was this Swiss -- -- Romney rally you know -- read what you will in the that.

Could also be better than expected earnings news that a host of companies.

But obviously a lot of dissipated in the futures market action a lot of news -- markets mixed to down.

Are -- -- you when you inside the NASDAQ that it could be a very different Wall Street.

Well I think that people are very well aware of the fact that there is in essence the -- Problem that faces this nation as there was yesterday.

No matter who would be the president tomorrow the fact is that the same issues are still there -- here comes a monster trucks sports business.

But you know.

The problems are still here very much so.

When you are sitting there discussing very rightly so that the president realizes he didn't get the popular vote to really worked hard to come together.

Maybe we won't fall off this fiscal -- That would be the thing the business leaders.

Want to see they wanna see some actually wanna see some clarity on the tax -- my goodness.

They'd -- other businesses unless they know what they're going to have to pay in taxes they -- -- know exactly what the landscape can look like for at least a better sense of it -- And therefore maybe that's the reason behind this rather subdued crowd here they understand that the unemployment rate is still.

Too -- they understand that we haven't seen the job creation at the levels -- job creation definitely month after month but not the levels that we need to see that.

And so the problems when everybody wakes up two more are still very much the same.

And I think that's really at the heart of all of what perhaps people are thinking about right now.

Florida it's actually the -- under the 1% crowd and -- Ellis Island as we speak.

But kidding just getting all right Liz thank you very much -- it.

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