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Futures Down on Cyber Monday

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  • Description

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

  • Duration 5:00
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This transcript is automatically generated

This is the Imus morning program -- Fox Business Network.

Time -- I know.

Good morning everyone consumers will be heading to the Internet today for more holiday deals on this Cyber Monday an Amazon.com.

Is one company that is definitely benefited from the online event -- businesses and -- is -- Amazon's fulfillment center in Phoenix Arizona with an inside look.

At the company's operations on what is surely a busy day Adam what he's seen so far.

-- remember -- scene at the end of Raiders of the Lost Ark where they put the -- you know created a huge warehouse feel like I'm in that warehouse yeah.

Two million square feet take a look.

This is a fulfillment -- one of forty Amazon has in the United States eighty worldwide this is their largest this is where human beings take every individual item they're called Baker's.

Put him into different kinds of -- and -- check this out it becomes an automated process after if you follow me frank it becomes an automated process after the -- have put it into the -- It goes through it's shorting and and acting thing.

And that it's down sat down this conveyor belt to the trucks.

Where they're shipped out.

Let's talk about some of the numbers for Cyber Monday it's gonna be a two billion dollar Cyber Monday sales according to The National Retail Federation -- -- over here frank follow me.

Two billion this Monday 96 billion dollars.

For cyber sales online this holiday season in a retail season that's expected to be 586.

Billion dollars -- -- you get us a sense of just how voluminous.

This facility as the comeback this way frank.

Those are just some of the dollar figures for Amazon.

This is a company that expects to have anywhere from twenty billion -- -- -- three billion dollars in sales.

In the fourth quarter of this year that would be a 16%.

Increase.

Over last year and they may outperform it could be as high is about 30% depending on where this -- finally -- in.

To the company that's on a roll we're going to be speaking some of the executives and -- just take one last look.

This is cyber central on Sunday run not Cyber Monday right here in and Phoenix.

Back -- you Diane.

You know you could go way you rarely think about what goes into getting that package to your front door -- stuff that's Adam Shapiro from Amazon in Phoenix thanks Adam.

Let's take a look at the markets now here in the US were seeing futures down across the board Dow futures are down 51 the S&P down about six -- goes for the NASDAQ.

In Europe investors are keeping a close eye on amid a meeting today by the region's finance ministers the third one this month where they'll will again.

Discuss Greece and whether or not they can find a deal on its next aid package stocks are currently down across the board.

London sent about 37 Paris is down about thirty and Frankfurt's down almost 25 the figure closer look -- what's moving the markets with CMC markets analyst Michael Hewson.

Over in London Michael German consumer confidence just got this summer in a little while ago it dipped.

To five point nine that's below November's revised reading of six point one and also below expectation so how worried should investors be about this.

Well I think as far as Germany's -- I think it just highlights the fact that no matter how good your economies.

Consumer confidence.

The fact that consumer confidence is going -- -- in Germany have been at the consent.

Going forward and done I think it just highlights the difficult choices -- -- -- the moment.

By European ladies with respect to these -- that talks because they'll -- -- proving very very corrosive.

For consumer confidence not only in Germany -- across Europe as a hollow.

And Michael fiscal -- negotiations are sure to be a big focus for US investors this week as lawmakers return from the holiday weekend.

How closely is Europe watching these negotiations and what's being said there about all this.

Well I think come I think the perception in Europe is that the US politicians are probably -- of -- a lot more pragmatic about.

The negotiations.

However -- -- anything with respect to politicians that are always that -- there is always out on non.

That I could do something unexpected but I think out of room.

But the perception is that we will see some form of agreement by the end of -- The only really question surrounds is what sort of agreement we will say muscle compromise.

US political leaders who comes think -- Isn't it haven't been both here and there mica thanks so much into the announces particularly.

And the White House has released new figures speaking of that fiscal cliff on how retailers and consumer spending may be impacted if congress fails to extend tax cuts.

On Americans making less than 250000.

Dollars a year according to report by the National Economic Council and the council of economic advisors.

Allowing a tax cuts to expire and failing to patch the Alternative Minimum Tax.

Could cut the growth of consumer spending by one point 7% next year.

The report adds that the decline in consumption along with the sharp Verizon middle class taxes could slow the growth the real GDP by one point 4%.

And that's in line with projections from the Congressional Budget Office Imus in the morning continues right now.

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