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This is that it Imus in the morning.
Program on the Fox Business Network.
Good morning everyone jobless claims jumped last week to more than 400000.
Hitting their highest level.
In eighteen months the Labor Department says 439000.
People filed for first time benefits last week.
Easily topping the estimate for 375000.
And ending the 42 week streak of being under 400000.
The prior week was also revised up to 361000.
And the four week moving average increase to more than 383000.
That's the highest level since late June.
This was the first full report since the election.
We also got to look at prices on the retail level October consumer prices came at a point 1% matching the estimate.
While the core CPI which factors out food and energy was up point 2% that was expected to -- point 1%.
We also got.
The latest read on the state of manufacturing in the New York area the New York Fed's November empire manufacturing index.
Clocked in at a negative five point two to those actually better than the expected negative six point seven.
And also better than last month's reading.
Checking the markets now ahead of all this news or after all this -- I should say Dow futures are down 29.
The S&P is down almost appoint the nasdaq's -- -- agreed by about five.
In Europe eurozone GDP fell point 1% in the third quarter but in the eurozone back in recession.
Growth in Germany slowed friends GDP rose avoiding recession and Italy contracted.
But by less than expected markets there -- -- in the red across the board London's down almost thirty points.
Harris is at about when he and Frankfurt's down almost seventy.
Shares of Wal-Mart meanwhile are trading lower in the premarket after that company's latest earnings topped expectations.
But revenue fell short the world's largest retailer says it earned an adjusted one dollar eight cents a share -- penny.
Better than the estimate but revenue climbed 3.4 percent from last year to 113 point two billion dollars that was short.
Of the forecast not include membership from Sam's Club sales totaled 113 point nine billion dollars.
Wal -- also backing -- top end of its full year earnings outlook and says it's well positioned.
For the key holiday season.
Shares of target meanwhile are trading higher in the pre market after the discount retailer's third quarter results topped expectations on both ends.
Target says it earned ninety cents on an adjusted basis easily beating the estimate -- 77 cents a share.
While revenue rose 3.2 percent from last year to sixteen point 93 billion dollars.
Looking forward target says it expects to report an adjusted fourth quarter profit.
Of one dollar 64 cents a share to a dollar seventy for the estimate there was for a dollar 51.
According -- the Associated Press the source says oil giant BP has agreed to pay criminal penalty in the billions of dollars.
But it's quite an oil spill in the Gulf of Mexico -- person who is close to the deal and spoke on condition of anonymity.
Also said to BP employees -- man flirted charges.
Over the deaths of eleven people in that explosion of the deep water horizon oil -- that triggered that biggest.
US oil spill offshore oil spill in US history.
Being on New York's attorney general has opened an investigation into two power companies in the wake of super storm sandy.
Eric snyderman has -- Long Island power authority and Consolidated Edison.
As he reviews how prepared they -- for the storm and how they handled the aftermath the inquiry follows widespread public anger over delays in getting power restored after the storm.
Life is acting CEO announced Tuesday he'll step down at the end of the year in the wake of that outraged.
New York's governor Andrew Cuomo also announced he'll form a special state commission.
To investigate the response by -- -- and other utility companies.
One Buffett Berkshire Hathaway made some big changes to its portfolio during the third quarter.
According to SEC filings the company took a new position in the world's largest agricultural equipment maker dear.
It also boosted holdings in Viacom and Wells Fargo and raised his general motors' stake by 50%.
But -- reduce its stake in a number of companies as well including CVS Caremark.
And Dollar General both relatively new to its portfolio.
It also cut its longtime holding in Johnson Johnson by 95%.
And trimmed its position in -- them.
Texas Instruments has announced plans to slash about 17100.
Jobs the semiconductor maker says the cuts stem from a plan to focus its wireless chips.
On a broader range of industries and shift away from the mobile wireless market.
-- companies are developing their own custom chips.
Job cuts equal about 5% of TI's workforce and should -- -- and about 450 million dollars in annual savings by the end of next year.
And this move comes just weeks after the company reported weaker than expected third quarter earnings.
A drop in sales and a disappointing fourth quarter earnings outlook.
Here's a look -- commodities now we've seen oil and gold searching for direction a little bit this morning -- now.
By about thirty cents trading around 8687.
Dollars a barrel and gold up.
-- -- down rather seven dollars at seventeen point to -- Imus in the morning continues right now on Fox Business.
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