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Dec. Markit Flash PMI rises to 54.2

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  • Description

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

  • Duration 5:17
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-- just at the flash reading on PMI manufacturing index for December and that came in at 54.

Point CDS and it was for reading at 52 last -- final reading was 52 point eight.

And keep in mind any number above fifty indicates growth the index give -- a look at what's happening in the private sector part of the economy.

Just a little while though we also got to look at consumer prices for November and they fell for the first time in six months.

As gas costs -- their biggest sliding nearly four years the Consumer Price Index dropped point 3% from a month ago compared to be expected.

Point 2% decline if you take out the volatile food and energy component core CPI was up point 1% also down.

From the estimated rise of point 2%.

There's no sign of movement following another meeting between President Obama and house speaker John Boehner on the fiscal -- The White House says the two met for fifteen minutes in the Oval Office yesterday to discuss avoiding the -- automatic tax cuts and spending cuts.

A tax hikes and spending cuts set to take effect -- the new year.

As a deadline approaches more Republicans are pressing Boehner to accept higher taxes on the wealthy and focus on reducing entitlement spending.

But the White House seems to be moving away from allowing cuts to programs like Medicare.

The meeting was held after Boehner said President Obama won't get serious about spending cuts.

The White House says Republicans resistance to tax hikes on top earners is what's holding up an agreement.

States are facing a deadline today for a key part of the Affordable Care Act governors must tell the federal government.

Whether they'll set up they'll there on state Internet marketplace for health insurance.

Or if -- it.

Leave that up to the federal government so far only eighteen states and Washington DC have said they'll sign up.

For their -- exchanges with most Republican governors opting for what was supposed to be the backup option.

Of relying on federal exchange's shares of health insurers have been rising in recent months as the start of those exchanges gets closer.

We're thirty minutes away from the opening bell on Wall Street now -- a little different than they did when we started off the morning Dow futures are up eleven yes and he's up half a point in the nasdaq's down.

About ten the let's get preview of what else to expect from the trading day from the -- -- -- -- -- on the floor of the new -- stock exchange pinnacle.

Hey good morning -- morning everybody well it's Friday morning we have a winning week on Wall Street could be.

Four straight weeks in a row of gains though but not too far off for probably about point point top that.

Numbers so we lose points something points will be actually down for the week -- see the futures -- -- and we have been too far off the end change sign that this Bill Clinton sales front and center.

Here on Wall Street that's something that people continue to talk about day in and day out let's keep a close eye on the financials on a day when the -- slightly lower.

Commodities and next that the Euro is actually really soaring.

Against the -- so watch -- watch currencies -- they sometimes really can play into this market this morning.

Also -- keep an eye and Adobe Systems that came out their quarterly numbers after the bell yesterday they saw the quarterly -- profit.

The earnings rose 28%.

So subscriptions are have been growing shares have been climbing after hours yesterday continue to climb.

This morning also Colgate-Palmolive.

And Procter & Gamble to names that were resumed with a neutral reading.

Over act Goldman Sachs -- -- ratings to these big guys right so new -- not a great start there the target on Colgate-Palmolive a 190 Procter & Gamble target.

74 box apple.

Apple downgraded this morning well now let me let me clarify that not downgraded.

The price target was caught.

At UBS on apple.

So you remember alcohol in the middle of September this was a 705 dollar stock basically.

And now people are looking at 530 at such -- the today the price target cut.

Over at UBS and then last not least Tivo that we want to watch citizen initiated with a buy every single insensitive by rating here it is.

Fifteen dollar price target.

Tivo is a leading vendor well positioned to target consumers who desire.

Premium viewing experience in the digital living room and on mobile devices it's funny because.

And then you're not about Netflix as well there was another call on Netflix earlier in the week talking about it.

Surpassing premium cable and this sort of taking over the whole.

Cable sphere so -- -- some names to watch -- certainly and you can see -- so it's the upside back.

All right ethnical -- -- -- on the floor of the New York Stock Exchange thanks well.

Nike meanwhile -- reportedly threatening to move its operations out of organic this state can't guarantee its corporate tax structure.

We'll stay the same.

Or against governor is calling the state legislature into special session today to discuss the matter.

The Wall Street Journal reports John -- -- is seeking authority to ensure that the state won't change its method for determining corporate taxes.

On high revenue job creating companies like Nike.

This comes as a sneaker maker looks to expand its Beaverton Oregon headquarters -- the second biggest company in a state by employees and revenue.

Here's a look at commodities now oil and gold are both -- were seeing oil back in the green by about ten cents at 1696.

Announced.

-- up by almost forty cents at 8627.

There.

-- -- Imus in the morning continues right now on Fox Business.

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