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Cadillac Unveils First Electric Auto

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

  • Duration 5:05
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This is this.

Imus in the morning program on the Fox Business.

Good morning everyone Dell's shares are up more than 4% in the premarket on news that the company may be looking to go private.

Sources tell fox business' Charlie Gasparino that the PC maker has been holding preliminary talks with private equity firms TPG and silver lake.

Gasparino says that JPMorgan is involved in the matter in his sources say they believe a deal will happen.

But he does caution that private equity has -- around other deals like this before including Barnes & Noble.

And then walked away once the numbers were on the table Dell says it doesn't comment on rumor or speculation.

Let's take a look at the markets here in the US you red arrows across the board Dow futures are down 42 -- and he's down about six point and the nasdaq's down.

A little more than eight points but while markets are down a new survey forecast that home prices will be on the rise this year Lawrence and in -- in our news from now.

With more on that I learned -- and will great news for home sellers out there you'll finally be getting a little bit more.

For your home -- logic market data firm says that prices will rise to 6% this year that's happens seven and a half percent.

Increase last year so the home not recovery definitely gaining traction.

And we're also seeing that the inventory the supply of homes on the market has fallen drastically -- a seven year low at this point.

So that's also good news for home sellers out there.

Normally have also been talking about -- big mystery event all morning getting more news -- what this is about another company and other tech company with another mystery event in the speculation about this event later today in California at Facebook's headquarters.

Really boosting the share price up 9%.

Since that indentation -- out last week what do we now well we can speculate.

On the imitation Facebook's and it's going to be quote the building something they can literally be building -- markets -- -- sent there.

Perhaps FaceBook phone although CEO Mark Zuckerberg has -- put that idea perhaps and this is what most people would speculate.

They're trying to get more painted the mobile department and and have a better search option -- that way they can better compete with Google lots of options on the table -- find out at 1 PM eastern time.

-- we will indeed thanks learned it's the F.

-- -- now let's move on to Jeff Flock the Detroit auto show rolls on as carmakers introduced new models.

-- -- cars at the most important event in the industry Jeff Flock is there live covering all the action Jeff give us a preview.

Diana I've got an exclusive sneak peak for -- it doesn't -- until 10 o'clock this morning but this is.

The first ever electric Cadillac is the ELR.

They've got the skins off but for the moment but -- be going back on shortly.

Big unveil a 10 o'clock we'll have a report in the 11 o'clock hour talk about the electric Cadillac.

But what else is at the show.

Take a look at the -- Iraqi you know part of the deal with that Chrysler and Fiat is that mas are already gets to sell cars in the US well.

They introduced yesterday -- -- report today.

Lot of dollars but it's a beautiful car.

VW looked out VW look out for because they are trying to complete with a Ford -- with something called the VW cross blue.

It is -- concept car but these days Diane concepts are not crazy things they are things that are actually gonna get built.

And this is likely to get built it would is it's -- seven passenger SUV who compete with a Ford Explorer.

And then the Toyota -- you may not have heard of the furious but you have heard of the corolla.

The Toyota Corolla this is what it's gonna look like Natalia the Japanese have gotten the message styling is important not just cars that run well.

That are cheap easy to drive they've also got to look good I think the Japanese are finally getting.

That.

Message the Cadillac -- to unveil at 10 AM bought a sneak peek.

Here on the Fox Business Network good looking car and its electric.

-- -- that doesn't look too bad debt you enjoy it did they can make you take a test driver let you take -- test ravaged ten.

-- well yes I would love to chip test some of these things that's Alia we're gonna have Carlos -- loans in the later this hour actually at 855 he is you know the wonder candidate of the auto industry but he has bet heavily on Electric's.

And so far that -- has not paid off we're going to be talking to him.

About that as seeing as well seeing the new Nissan Versa.

Exclusively.

With him on the -- business network at 855.

Hour we're looking at him looking power to that -- we definitely look thanks so much.

Let's take a look at commodities now we've got looking at oil and gold this morning -- insert a mixed market -- oil is now down by about 34 cents trading.

Around 94 dollars a barrel gold up almost ten bucks now at 1679.

Announce.

Coming up this hour Imus is guests will be Frank Rich of your magazine.

And now here's the -- and -- on Fox Business giving you the -- across.

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