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FBI Investigating H-P Accounting Claims

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  • Description

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

  • Duration 5:21
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-- Imus in the morning.

Program on the Fox Business Network.

Good morning -- -- -- thirty minutes away from getting the latest look at initial jobless claims and this week written week's reading comes a day early.

Due to the Thanksgiving holiday 4101000.

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

And law that would be down from the prior week's reading.

A 439000.

Keep in mind that was an eighteen month high and we'd still be above 400000 for the second week in a row.

All those numbers come our way at 8:30 eastern time and will bring into US -- -- they do checking the rest of the markets in the meantime here in the US features.

Are fairly flat we're seeing Dow futures unchanged same for the S&P while the nasdaq's up just half a point.

In Europe finance ministers failed to reach a deal on the next round of aid for Greece.

And they'll meet again on Monday in the meantime the Bank of England says in the minutes from its last meeting.

That it's unlikely to cut interest rates in the near future and stocks in Europe are also fairly flat -- down by one Paris is up by six -- -- up by just three.

-- -- a closer look though moving those markets now with Jane Foley senior currency strategist at rabobank in London.

Jane international lenders failed for the second week now to reach deal on emergency aid for Greece but while several European officials played down the delay saying.

Disagreements were just technical Germany says they still have some major divisions -- so what happens.

If they fail to reach a deal on Monday.

We're gonna get a again and then eventually closely -- at least some to some conclusion critical to -- -- -- that this is part of a much bigger topic.

Yesterday's -- Greece's debt in 20/20 20/20 K and the -- when Yemeni us and why is that.

And the question underlying niece and second piece is.

Will the public sector have to take had cuts in order to -- -- Greece can reach its debt targets -- adamant that they -- -- to do that and this is what these today in this is what this debate is all about.

And if there any sign of a middle ground there it seems like.

-- the eurozone is pretty.

Steadfast in its stance against those haircuts and yet EI and math doesn't want to -- On increasing the deadline so where where is are they expected to find a deal here.

Well it probably will be some degree compromises that some anxious you know the deadline net say that the deadline becomes 20/20 two instead of 20/20.

But to be honest even -- -- given a two year extension this topic isn't gonna go away Greece's problems such.

At that -- going to be continuing to talk about this publicly for many years to come yet.

And shifting gears for a second -- I just wanna touch on this quickly but in an effort to revive its real estate -- Spain has announced plans to offer residency per it's.

So far as buying house is worth more than 160000.

Euros what do you make of this plan should other countries considered.

General may be that you've got to remember of course that Spain is within the EU and within the EU already this being a bank freedom of movement for citizenship differences a lot of people.

India drizzle the UK radio properties and Spain simmer any general -- people accordion and lot of property since banks -- In a way I would say it was this may be a good idea on the much in.

It's not gonna really help -- quickly get activists economic -- Parent that's Jane Foley over rabobank in London.

Thinking and shares of Deere & Co.

are lower in the premarket after fourth quarter profit topped last year but fell short of Wall Street's estimate.

Earnings came in at one dollar 75 cents a share the estimate there was for a dollar 88.

But the construction equipment and farm equipment maker reported revenue increased 14%.

To nine point 79 billion dollars and that was better than expected stronger North American machinery sales along with higher prices we're able to offset weaker international demand.

The FBI has launched an inquiry into the alleged autonomy accounting irregularities revealed by Hewlett-Packard.

The PC maker announced yesterday that it uncovered a massive accounting fraud -- not economies books.

That caused it to overpay for the software company last year.

HP says so far the improprieties have caused it to take an eight point eight billion dollar charge to earnings.

The news at -- 12%.

To a ten year low of NM eleven dollars 71 cents.

In addition to the FBI probe HP says it has alerted.

The SEC and the UK serious fraud office and requested that both open an investigation.

Now let's get the latest on weather from meteorologist variable Lina and the Fox Business weather center a lot of people traveling today Maria -- they it's -- expect.

Hey good morning -- good morning everyone all of good news as far as traveling goes for today because we're actually looking -- very.

Pleasant weather conditions across most of the country temperaturewise and even precipitation wise.

The one trouble spot early this morning is a Chicago airport in O'Hare -- we do have some areas of dense fog and poor visibility so that of course will be causes and delays.

During -- morning hours before burning off leader on the afternoon and we think.

Things will clear up otherwise West Coast California looking good but the northwest and rain some snow on the mountains and also some strong winds.

All right that's -- -- for the weather senate thanks very old.

Let's take a quick look at commodities now oil and gold about that Imus in the morning continues right now on Fox Business.

Giving you the power to -- Ladies and --

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