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Greeks Protest Again Over More Austerity Measures

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

  • Duration 5:07
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This is -- Imus in the morning.

I'm on the fox.

Good morning everyone let's wrap things up with a look at the markets Asian markets follow the US market down on concern.

About the fiscal issues that Washington's facing Hong Kong was down.

More than 2% the other markets that and today more than 1% checking futures down -- yesterday's big sell off we are seeing green arrows.

Dow futures are 29 yes and -- -- two in the nasdaq's up about six.

In -- -- waiting to interest rate decisions this morning one coming out.

Any second now both of those interest rates are expected to stay the same the looking at European markets ahead of that we are seeing green arrows.

Hello we're waiting now is a decision from the bank of England and that bank as expected has left its interest rate unchanged.

And half of 1% out of BOE hasn't moved on rates in more than three years again that rates still at half of 1% and has been there since march of 2009.

Just isn't your reaction to what's going on in Europe now from credit early market analysts about -- Over in London Greg and obviously this was to be expected though not everybody wanted this outcome we heard a former member of the Monetary Policy Committee.

I'm saying that the bank should actually -- plans to return interest rates to a more normal level to reduce the risk of distorting the economy what's your take on all -- and and the bank's latest decision.

A -- -- -- I'd -- -- they'll all in the -- and it's not really.

It's not realistic was still stay in the -- trying to return to close result -- growth and thank Walter.

The -- -- want some which in -- which was -- -- -- largely due to hosting the Olympics also the -- Something that's more the -- campaign but don't really see it being too -- realistic in the short term.

Thinker do you think commission has cut its growth forecast for the eurozone sharply warning that the difficult process of rebalancing will last for some time.

-- how concerned should investors be about this or is it already priced into the markets.

I think it's already priced in some markets mean -- -- -- -- -- about this for a long time now and we -- of austerity going through in the over seven.

-- -- still got a -- -- ago just in the new would chip but degrees and pollen and increase -- tonight but we're gonna see further austerity in Spain and probably naturally as well so we still got a long way to go and -- no real surprise to see that if and low -- -- custom book probably gonna see more of the same over the next that's six to twelve months.

Aren't as Cracker -- a market analyst -- up Ari thanks Greg appreciate it.

We're getting earnings and now from -- of the retailer is reporting a profit of 91 cents a share topping estimates.

For 88 cents revenue there was a slight miss that -- -- four point five billion dollars.

The estimate there was for four point 47 billion dollars.

Shares of monster beverage meanwhile fell 12% in extended trading after the energy drink maker's third quarter results missed expectations.

Munster reported earnings of 47 cents a share -- eight cents below what analysts were looking for.

While revenue of nearly 542.

Million dollars also fell short of the expected 578.

Million the company says sales in the quarter.

Were partly hurt by a drop in Canada due to inventory adjustments.

We're getting earnings in from Duke Energy as well that company is reporting an adjusted profit of a dollar 47 cents a share topping -- estimate by two cents.

Revenue came in at six point 72 billion dollars that was a slight miss the expectation -- was for six point 79 billion.

Wells also getting out pieces of economic data in this morning including and you look at the labor market.

370000.

People are expected to -- filed for first time jobless benefits last week.

And law that would be up slightly from the prior week -- as usual have to see if that prior reading is revised we'll also get the trade deficit figure for September that.

Is expected to climb to 45 billion dollars from August reading of 44 point two billion.

Both of those numbers come out at 8:30 eastern and we'll have them for you as soon as we get them.

Meanwhile Wal-Mart is getting an earlier start on as Black Friday deals with plans to open its stores at 8 PM on Thanksgiving.

The holiday promotions come two hours earlier than last year and is the earliest.

The retailers ever offered them wal -- betting big that shoppers are ready to open their wallets during the holiday season which makes up a quarter.

Of its annual sales in an effort to prevent shopper frustration that has caused problems during past Black Friday.

The retailers also guaranteeing that three items will be available to anyone there.

By ten or 11 PM on Thanksgiving though they won't be the hot new gadgets of the year.

Greece's government has approved a critical austerity bill amid violent protests in the streets.

An estimated 80000 people gathered outside of parliament for an anti austerity measures demonstration.

Some protesters clashed with police who fired tear gas stun grenades and water cannons -- At the crowd excuse me the bill which cuts pensions and salaries further.

Also raises taxes it's expected to produce seventeen billion dollars in savings over the next two years is a major -- to Greece getting another -- Of those bailout funds Imus in the morning continues right now on Fox Business.

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