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FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
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This is this Imus in the morning from.
I'm on the -- -- Morning everyone JPMorgan has reached an agreement in principle to settle -- SEC investigation into mortgages securitized.
By Bear Stearns according to an SEC filing the deal is subject to both SEC.
And court approval the filing also says JPMorgan which bought Bear Stearns in 2008.
Has won approval rate three billion dollar share buy back in the first quarter of next year.
Checking the markets now -- futures have been searching for direction a little bit after yesterday's big sell off that we are seeing green arrows now Dow futures are up by fifty.
Yes -- he's up by the nasdaq's -- nine in Europe we got two interest rate decisions both as expected the ECB left its rate.
Unchanged at some point 75%.
The Bank of England.
Left its rate at a half of 1% stocks in Europe are in the green across the board -- -- fifteen pairs up about 24 and Frankfurt's up.
Almost 32 there.
Let's -- a closer look though what's moving those markets with Joseph Rundle head of trading eighty -- capital in London.
-- -- any thoughts on this ECB decision and what we might hear from Mario Draghi at the press conference later this hour.
And yeah I think as he -- -- is expected unchanged I think the press conference -- T I expect him to him that the NT program is ready and -- raring to go and can step in and -- Spanish and Italian bonds if necessary.
Or otherwise only Spanish bonds despite talk a little bit about that I have about five point 7% so I think he's gonna trying to common markets and get those yields down and so they don't have to -- -- any bonus for the guarantee program.
And -- should think here's a -- to Germany in the wake of its growth forecast being revised downward we also -- -- exports there.
Fell at their fastest pace since the end of 2011 now some -- -- this is the future.
-- milestone hasn't debt crisis arrived in Germany does this make it official.
Yet Germany is beginning to suffer from the confidence and chairman companies have right -- -- -- shifting that focus so wife from Europe weather's a lot of headwinds and moving into the more emerging markets.
I -- has arrived in Germany and is slowing down.
That is -- nineteen if we had a deutschemark.
-- a year -- German exports would be considerably -- they wouldn't be alta price and -- competitively so -- -- they are still benefiting from the yard.
Current that's around they'll let -- capital thanks -- I expected.
Thanks.
And we had some economic data coming your way at the bottom of the hour 370000.
People are expected to -- filed for first time jobless benefits last week.
-- up slightly from the prior rate as usual we'll see if that number's been revised we'll -- -- the trade deficit figure for September.
That number's expected to climb to 45 billion dollars from August reading of 44 point two billion.
Both of those reports -- out at 8:30 AM eastern and we'll have them for you as soon as they cross.
Meanwhile Wal-Mart is getting an early start -- Black Friday deals with plans to open its stores.
At 8 PM on Thanksgiving holiday promotions come two hours earlier than last year and -- the earliest the retailers ever offered them.
Wal mart's betting big that shoppers are ready to open their wallets during a holiday season which makes up a quarter of its annual sales.
In an effort to prevent some shopper frustration that has caused problems during black Friday's in the past as we said doors will open at -- also anyone online.
Between ten and 11 PM.
Will be guaranteed.
At least three items they may not be the hot new gadgets of the year but you will still be guaranteed to walk away with something that Black Friday.
Meanwhile shares of Whole Foods Market were lower in extended trading after the natural and organic grocery chain.
Issued an earnings warning for the full year saying superstore in sandy hurt sales in the current quarter.
As for the fourth quarter whole foods reported an expected sixty cents a share in profit.
While revenue climbed nearly 2.4 percent from last year to two point 91 billion dollars also matching the estimate whole foods also raise its quarterly dividend 43%.
To twenty cents a share.
Taking a look at markets now we are seeing US futures still in the green across the board commodities are also up.
But automakers and dealers say super storms -- may give -- -- hit sending 250000.
New and used vehicles to the junkyard those you do then those say that.
The storm could also boost new auto sales so far this car companies -- 161000 brand new vehicles.
We'll have to be scrapped after the storm flooded coastal areas in new York and New Jersey.
That number could increase after Ford and GM report how many vehicles they lost but.
The headed to New York area dealers association says people.
Who lost cars in the storm may also need to replace the personal audit of the -- for that so.
All of the major auto makers are offering deals allowing customers to postpone payments for up to three months in areas hardest hit by sandy.
Along with covering some financial incentives to buy or -- replacement vehicles.
Here's a look at commodities -- to send oil and gold are -- we're seeing oil up almost a dollar around 85 dollars barrel.
Gold's trading almost four dollars up -- 1717.
And a coming up this hour Imus is gasoline musician allow -- -- and now here's the I man on Fox Business.
