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Futures Mixed After Fed Announcement

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  • Description

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

  • Duration 5:07
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This is this Imus in the morning and on the Fox Business now.

Good morning everyone General Motors is taking the wraps off the new vehicles this morning in our own -- -- will be in Pontiac Michigan.

To CL live -- lucky for us he's with us now live as well give us a preview -- what's to come what do you see death.

And as always we try to do a little bit of a behind the scenes look at tell you these are all -- -- vaccine is -- -- guys here that design some of this Chevy Silverado this is it to 2014 I think -- fight.

Don't get too much trouble here -- and even picked this up a little bit this is a little bit on what it looks like.

You -- the stacked headlights there.

The design of this very very important for GM you know their competitors.

The folks at ram for Chrysler and Ford have already introduced their new 2014 trucks this is GM's biggest selling vehicle will be talking with mark Royce.

A little bit later.

About GM's trucks about GM's stock about GM's inventories will have it all for you here at about 855.

Got all of the big GM exacts over here is perhaps you see around.

That curtain -- will take the curtain back for you there and we've even got the top.

GM guys huddling right here behind the scenes here on the Fox Business Network this morning.

And the whole story on GM's trucks and GM's future as we go forward here.

This morning and Pontiac Michigan.

Diane back to you.

And as little behind the scenes look will be -- to manipulator the -- -- to get the full full effect there we -- having -- -- dollars.

Let's take a look at the markets now here in the US via futures are mixed at the moment it is -- for direction all morning.

This in -- fiscal cliff negotiation and and of course announcement from the Fed yesterday about new stimulus we have Dow futures up for the -- and he's down.

Almost a point while the nasdaq's up about -- at a point in Europe.

The EU summit in Brussels with finance ministers.

Has clinched a deal to give the European Central Bank new powers to supervise Euro -- banks.

Starting in 2014 we also have a deal on a bailout program for Greece stocks in Europe are currently down we -- London down thirteen Paris is down.

About five and a half points in -- Frankfurt is down 33 -- a closer look now what's moving European markets.

With James Hughes senior market analyst -- -- RE in London James eurozone finance ministers have backed the release of long delayed aid payments to Greece saying.

The first batch of money will be sent to Athens in the coming days so I know this isn't a huge surprise that -- what happens next walk us through the process a little -- Well I mean I think it's these these processes have been has taken a long time since it comes in as you cited has -- -- -- -- on this of getting these next.

Batch of right -- grades however what would whose side he's his -- -- -- by then the bond buyback program it didn't go down as as well as expected we -- say.

Points to the fact that going forward Greece is gonna need yet more financial assistance as we get into -- as as we move down the road that they spent I mean.

There -- numbers steps before you get to actually agreeing anything on ongoing -- and of course asked meekly by.

The seat being -- -- by the IMF and all of those people -- -- and because the years and finance ministers who have who have Cousteau agreed this this time but of course.

Then we have to move forward just to see just how much the idea is just how much they need and then of -- Greece need to hit that.

And hit their televisions of course what the -- in the first time Greece haven't hit their target itself.

Deficit ricotta reduction and and and -- of -- haven't hit those which is why it's been such problem.

Now of course the big -- to everyone's -- about is once you get these payments it doesn't mean is not going to be another -- and as we've already seen these buybacks have program that they may well need some more.

I have to meet that day.

Dead.

Stringent -- with they have in place to get the next batch so we could go through this -- again in the end the worrying thing for the market is that you get these.

Happen every -- -- time Greece needs more money.

Medicine Dieter right that's James Hughes over -- up RE Jane does great stock yeah thanks.

But less than thirty minutes away from a slew of economic data including the latest read on the labor market.

370000.

People are estimated to have filed for first time jobless benefits last week.

That -- the same as a prior week's reading will also get retail sales figures for November local give us an idea on how the holiday shopping season is shaping up.

That figure is expected to show a half a percent increase from October or no change -- if you take out the auto and component.

We'll also get producer -- -- for November those are expected to fall by half of a percent from October.

The core index which -- -- that food and energy is expected to rise by point 2% and all of these numbers are out at 8:30 AM eastern time -- have them for you.

As soon as they cross.

Let's take a look at commodities now oil and gold have been to the downside all morning we're seeing oil.

Down about 45 cents now trading around 86 dollars a barrel.

Gold is down around 23 dollars at 1694.

Announced coming up this our -- mrs.

guests will be political strategist James Carville.

And now here's the -- them live on Fox Business giving you the power -- --

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