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Jobless Claims Fall to 393,000 from 416,000

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  • Description

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

  • Duration 4:59
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This is this.

Imus in the morning program on the Fox Business Network.

Good morning everyone jobless claims -- back below 400000.

And the US economy grew at a faster pace in the third quarter than first thought.

393000.

People filed for first time unemployment benefits last week -- slightly above expectations but down from the prior week's number.

Which was revised up to 4161000.

From 4101000.

But I also got a second look at third quarter growth that came in up two point 7%.

Just below the expectation for two point 8% but it is above the initial reading of up 2%.

Shares of Tiffany meanwhile are down in the premarket after the jewelry retailer cut its full year profit outlook and third quarter results missed expectations.

The company says it now expects to report a profit of three dollars twenty cents to three dollars forty cents a share for the full year.

The estimate is for three dollars sixty cents Tiffany also lowered its fiscal year sales growth outlook to between five and 6%.

And for the third quarter the company says it made 49 cents a share.

Missing the estimate for 63 cents revenue of 853 million also -- the estimate for just over 859.

Million.

Barnes & Noble shares are also lower in the pre market after a mixed second quarter results the company reported a loss.

A -- cents a share better than the expected eleven cent loss but revenue of one point 88 billion dollars missed the forecast for one point 91 billion.

The bookseller says -- -- sales doubled over the board -- Black Friday period from last year.

Shares of -- -- also lower in the premarket after that company issued a cautious outlook for the current quarter which includes the holiday shopping season.

-- the -- says it expects to report an adjusted profit of 36 to 41 cents a share for the fourth quarter the estimate.

Has since been revised down to 49 cents for the third quarter the company earned 31 cents a share two cents about the forecast.

And revenue rose 2% from last year to nearly 606 million dollars also topping expectations.

Less than thirty minutes away from the opening bell on Wall Street now features are up across the board Dow futures at -- the SPs at six nasdaq's up fifteen -- let's see what -- the trading day -- store from the called that a leading it on the floor of the New York Stock Exchange -- Good morning -- good morning everybody well -- the dollar significantly lower this morning which.

Could help things along you see the futures here.

Pointing to higher open yesterday was a stellar day.

On Wall Street after a positive comments from John Boehner talking about the fact that he was optimistic right so it's all about the fiscal -- activity continues to focus on that so.

You have obviously some optimism surrounding the fiscal left.

Maybe they can fix it maybe there is some bipartisan agreement today Mitt Romney goes to the White House to meet President Obama -- all the traders are already talking about that.

Bank of America is looking higher today after the Dow Jones industrials yesterday gained over 100.

Points however we are still down about 25 points for the week because last Friday.

We -- just above the thirteen thousand -- so we have a little ways to go to make it a -- week here on Wall Street.

Look here at Research in Motion can't wait to talk Stuart Varney about this one the one that was on death watch continues to go higher Research in Motion.

Jumping as much as up 13%.

This morning.

Getting a key upgrade this morning.

From -- Goldman Sachs so that is great news from them.

Until five -- so as they wait for the Blackberry ten -- -- -- key want to watch Nike another name on the move this morning and we'll watch also.

Names out why is that because -- upgraded over at HSBC and I can't leave out Google another name.

That got another apparatus -- that you do have a lot of upgrades and names to watch some -- tellers know you were talking about some Diana I also wanna take a look at some names -- come under pressure.

Both -- season -- are likely to have down arrows Macy's which is also the parent of Bloomingdale's stores the -- are actually not too does the November -- actually fallen for the first time about three years and not good news there supposedly some hot stocks to watch.

I'm up by the way have mentioned the -- upgrade who did that happen -- upgraded to a buy from a hold over at Oracle research so those will be some hot -- -- watch and Kroger.

Barnes & Noble hear one Tiffany and he hit some of those all came.

With quarterly reports of could be movers on those results back yet.

All right -- Nicole -- from the New York Stock Exchange thanks to -- Let's take a look at oil and gold now like the markets be -- them to be -- all morning gold.

Or oil rather near highs here up almost a dollar fifty trading around 88 dollars a barrel gold up.

Almost eight dollars at 1726.

Announced.

Imus in the morning continues right now on Fox Business giving you the Howard across.

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