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McDonald's Nov. Global Sales Rise 2.4%

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

  • Duration 5:00
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Hi everyone I'm Diane is -- and McDonald's is out with -- sales figures for November the fast food giant says.

Global same store sales rose 2.4 percent last month the estimate there.

Was for a rise of point 1% US same store sales were up 2.5.

Percent and that.

A decline of point 8% is what Wall Street was looking for European sales last month were up one point 4% they were expected.

To be flat in this comes after McDonald's had announced declines for the prior month.

Meanwhile President Obama will be in Michigan today pushing his call for higher tax rates.

On the wealthiest Americans following sit down with the top house Republican on the fiscal -- The president and speaker John Boehner met at the White House yesterday to discuss the ongoing negotiations with 21 days left to reach a deal.

Spokesman for both leaders didn't release details of the meeting but -- the lines of communication remain open.

Boehner and other house Republicans have been against the president's plan for higher tax rates on the wealthy.

And instead want to cut tax deductions and reduce spending on entitlement programs.

Shares of -- Mac are jumping in the premarket on news at the companies being acquired by Honeywell for 600 million dollars or ten dollars a share.

Honeywell says it expects the deal to add to earnings starting 2014.

Intermec which makes mobile computing devices says it's suspending its previously announced search for a permanent Chief Executive Officer.

AIG meanwhile has struck a deal of its own with the Chinese consortium to sell nearly all of its airplane leasing business.

The firm told by just over 80% of IL FC for four point 23 billion dollars and will have the option to buy nearly 10% more of the business going forward.

Proceeds from the sale will be used to pay back the US government.

For its 182 billion dollar bailout.

Of AIG during the financial crisis but the deal must be reviewed -- by the US committee on foreign investment before it's approved.

Speaking of planes Boeing is finalizing an order to Turkish Airlines for 15777300.

Extended range airplanes the deals worth four point seven billion dollars at list price the largest order by value.

In the airline's history the Turkish carrier says this latest purchase will enable it to serve new destinations worldwide.

Its current fleet includes 12777300.

ER's.

Boeing's extended range jet -- seats up to 386.

Passengers and has -- Max range of nearly 8000 nautical miles.

Checking the markets now here in the US we've seen red arrows all morning -- off earlier lows though Dow futures.

Are down by eleven the S and -- down by two and the NASDAQ down by about five.

In Europe there's some uncertainty in Italy after prime minister Mario Monti said over the weekend he plans to resign after his budget is passed.

Former prime minister Silvio Berlusconi is expected to run again also greed is exit of Greece that is extending debt buyback invitation.

For an extra day to get additional offers from its bondholders stocks there.

Are also in the red we're -- London down almost eight points Paris is down about eleven and Frankfurt's down 32.

The -- closer look though it's moving those markets with -- -- market analysts that I G in London.

Chris we also got trade figures from Germany and on the one hand exports rose after falling in September but the trade surplus.

Narrow that -- we welcome news what what do you make of the the sort of mixed bag here.

Ladies and certainly a mixed results generalized Hastings and welcome -- -- -- exports are still increasing -- -- on -- stuff that the rest the world still needs so the resilience German Economy shouldn't.

Be underestimated -- be just a bit pretty this month's figures I suspect.

All right and the Wall Street Journal is reporting that the European Union is expected.

His start accusing several banks have attempting collusion in setting the lending rate benchmark -- now this of course comes on the heels.

Of a similar scandal at Libor -- -- what kind of expected to sell have.

On the banking industry and the economy in general both in the Europe and the US -- The globe.

-- what exactly is yet another skeleton.

We thought -- I've been discovered now that having -- -- was -- -- now moves on to -- -- says when he sees her on long running issue that would just due to sap confidence and the backing section investors.

Would really be justified in thinking way disease and -- the scandals like come out of the sector and in the next few years.

All right that's Chris HMO -- IG we will wait in secret thanks so much they announces.

Q.

And bonus season on Wall Street reportedly is expected to be the worst since the financial crisis of 2008.

State comptroller Thomas -- Napoli estimates the average bonus this here.

We'll be 101000.

Dollars down sixteen and a half percent from last year.

And off nearly 50% since 2006.

The smaller payouts which come as investment banks continue to lay off workers.

We'll also affect the New York City economy because bonuses often account for a large percentage of -- Wall Street workers pay.

Here's a look at commodities now unlike the markets oil and gold been up this morning raising oil up more than seventy -- their -- up almost eleven dollars.

Imus in the morning continues right now on about business.

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