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Markets Waiting for Dec. Jobs Report

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

  • Duration 4:57
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Imus in the morning.

On the 400.

130 minutes away from the government December jobs report and Fox Business is Peter Barnes.

Is that the Labor Department ready to give -- the number is seen as a -- isn't in the meantime to give us a preview -- already got.

Well economists project that the economy created a 150000.

New nonfarm payroll jobs in December about the same number.

As November they project project that the unemployment rate.

Remains steady at seven point 7% last month.

The ADP payroll report yesterday of 250000.

New jobs was slightly higher actually well above expectations so some analysts are expecting that there might be an upside surprise to the did that did this to the December report from the Labor Department but there was uncertainty.

Created by the -- negotiations over the fiscal cliff that some economists believe.

Might have held down job creation and at one positive out of of the terrible.

Tragedy it would hurricane sandy could be that the economy actually created more construction jobs last month -- back to you.

All right that's Peter -- live from the Labor Department thanks Peter we'll be checking in with you soon in the meantime let's go over to Dow Jones -- is -- Madigan who joins us now with more.

On what we can expect your capping yesterday -- 2151000.

Private sector jobs -- is that upped the ante for the government's report today.

Yet definite as Peter said it definitely puts an upside risk of -- few economists did mark up there forecasts so that we actually think.

It might be closer to 160000.

Jobs created but even ADP says that December is a notoriously hard.

Months to gauge jobs there's a lot of seasonal.

Technical issues going on because -- here and -- of course you have all the holiday hiring.

And we saw those issues -- trust these numbers candid about the numbers aria yeah definitely president is of course you have the same problems here in and -- out every December.

It's just that is that as you point out you know -- the fiscal clip there are a lot more uncertainty -- gone on this December than.

In -- in the past.

An -- look it will all be looking out for the headline number eighty unemployment rate what are some of the other big things look out for how important the labor force participation rate for example.

Well the -- of words participation -- is going to be a big driver whatever that unemployment rate does if the unemployment rate falls.

And and it's because people are dropping out of the labor force -- too discouraged when they're looking for work.

Then that's not going to be seen as a good.

Decline in the jobless rate but if you get as well in the jobless rate or -- holds steady and more people are coming into the labor force that's actually a good side.

And it's something that the Fed made clear yesterday that there really paying attention to what the labor.

They unemployment rate is gonna do when deciding policy in the future.

Aren't as Dow Jones comments Kathleen Madigan Kathy thanks so much for taking a time we appreciated -- -- it's you're welcome.

Let's take a look at the markets now ahead of that report we're looking a mixed market for futures earlier.

We saw the Dow making things up now -- the NASDAQ Dow futures are down by sixty S&P down by half a point the NASDAQ is up.

Almost four -- US regulators won't be taking any action against the man once considered to be a possible candidate.

To replace Warren Buffett as the head of Berkshire Hathaway.

David Sokol lawyer says the Securities and Exchange Commission has completed its insider trading probe against his client and that he's been completely cleared.

The SEC started investigating -- in 2011 after he resigned as chairman.

Of -- year's mid American energy holdings with Buffett's saying.

He violated the company's insider trading rules Sokol have bought shares in the -- the king maker Lou result two months before -- year.

Announced -- nine billion dollar acquisition of the company which allowed Sokol to make 83 million dollar profit.

And it looks like fiscal cliff concerns affected how generous online shopping were us shoppers were that is.

This holiday season now market research firm comScore says -- spending climbed 14%.

From last year on -- to 42 point three billion dollars below its estimate of 43 point four billion.

According to the firm shoppers started off the holiday season strong -- November but then almost immediately pulled back due to uncertainty over the fiscal -- debate.

And its potential impact on household budgets on the bright side comScore says Cyber Monday set a new record for holiday online spending.

Bringing in nearly one and a half billion dollars.

Let's take a look at commodities now we've seen oil and gold to the downside gold is especially down this morning.

On concerns after fed minutes yesterday revealed that the bank is considering repealing.

It's bank buying program that bond buying program for single down almost forty dollars.

Imus in the morning continues right now on Fox Business.

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