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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.
I'm on the -- Good morning everyone look at another labor -- related report at the bottom of the hour along with find out how many people filed for first time jobless benefits last week.
Economists' forecasts it'll be 88380000.
Down slightly from the 393000.
We saw in the prior week but we'll have to see if that number.
Is -- now last hour the outplacement firm challenger gray and Christmas reported.
Employers announced plans to lay off just over 57000.
People in November.
As a 20% from October and the third straight month of increase job cuts layoffs are up 34%.
Compared to a year ago you keep in mind both of the readings come ahead of Friday's monthly jobs report from the government.
That's expected to show 93000.
Nonfarm jobs in 95000 private sector jobs were added to the economy in November.
Checking the markets now here in the US futures have been searching for direction this morning we're announcing them slightly down the S&P.
And then.
Dow futures rather and the NASDAQ futures are both down about three point staff futures now down for yesterday's down about one point in Europe the European Central Bank decided to hold its key interest rate and point 75%.
As expected the last hour the Bank of England also left its key rate unchanged at half of 1%.
Stocks in Europe are currently.
Slightly to the upset roasting on an up eighteen Paris is up about six in -- up about seventy let's have a closer look though what's moving those -- mark priest.
Senior trader at ATX capital in London mark.
What's your reaction to this European Central Bank decision again it's as expected.
But what you Axel back to hear from Mario Draghi come this press conference.
-- I'm well look we sales expected given that there was there was a whisper -- -- -- cut a little bit of wishful thinking that some perhaps we might see much it costs and I wonder whether if his son.
His -- he might indicate that some -- slaves from.
Sort of -- federal next year but that is what we might see certain.
Above wouldn't brought off the fact that some directional movement on trends there is a possibility that we -- -- natural.
And -- marketing yesterday we heard from the UK chancellor giving the autumn statement today the office.
For budget responsibility is predicting that the chance you'll miss the national debt target and possibly.
But the country's credit credit rating in jeopardy.
How concerned are you about this you agree with the offices predictions and and how worrisome is -- if this does happen.
And I think as we look at -- look at the figures receive -- -- -- -- -- I think it's that it's inevitable that some.
They're very would look at -- the triple -- -- -- I think there's a possibility that took the group but we might lose its.
I think it would they -- it would be great for for their coverage and a traditional sort of what people expect that -- Bob I think short term it would be it would be up about the markets -- I think -- the people of troops from -- on board -- cup -- -- That's mark -- -- -- capital thanks for the announces mark we appreciate it.
And Republican congressional leaders are calling on President Obama to meet with them face to face over the looming fiscal cliff.
With 2.5 days to go until -- set to take effect.
Following a meeting with fellow GOP leaders yesterday house speaker John Boehner said -- the president also had the option of sending a deal to congress that both chambers can agree on.
Sources tell Fox News the president and speaker Boehner spoke by phone yesterday as both sides face the stalemate.
Over how to tackle the country's rising debt and continuing budget deficits.
The president has pushed for raising tax rates for the country's highest earners and appears willing.
To make some cuts to entitlement programs.
But Republicans have called for bigger spending cuts and changes to the tax code.
Rather than raising tax rates.
HSBC reportedly could pay a fine of one point eight billion dollars as part of a settlement.
With the US for lapses in its money laundering safeguards according to Reuters Europe's biggest bank in federal prosecutors have been working on a deal.
For months and could announce one as soon as next week.
Sources tell Reuters -- the potential settlement involves HSBC entering.
Into a deferred prosecution agreement in which law enforcement agencies delay or avoid prosecuting -- company.
If it admits wrongdoing pays a fine and agrees to clean up its compliance systems.
In July as senate committee released a report saying the bank allowed clients to move -- funds from Mexico Iran -- Cayman Islands Saudi Arabia and Syria.
Earlier last month HSBC said it set aside one and a half billion dollars to cover a potential fine connected to violations in its anti money laundering controls.
We have some breaking news for you -- a series sex and -- announced it two billion dollars stock repurchase program and a special cash dividend also the board of directors has declared a special -- dividend in the amount.
-- five cents per share adding serious to the list of companies that are releasing special dividends at this time.
Imus in the morning continues right now on Fox Business.
