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German Economic Sentiment Boost Ignored by Markets

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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 5:03
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Hi everyone we just got earnings in from travelers the insurance company is reporting an adjusted profit of 72 cents a share that's a big beat.

Over the estimate for fourteen cents a share.

Revenue also came in higher than expected at six point 48 billion dollars the estimate there was for five point 34 billion.

Shares of Verizon are also trading lower in the premarket after the company's fourth quarter profit missed the street's forecast.

Verizon says it earned an adjusted 38 cents a share sharply below the estimate.

For fifty cents the company says -- -- -- sandy cut its per share earnings by seven cents.

After warning that the storm would hurt its bottom line.

Revenue of thirty billion dollars roughly matched expectations.

-- and says at the end of 2012 Smartphones accounted for more than 58% of its wireless retail customer phone based.

Up from 53%.

At the end of last year's third quarter.

Shares of DuPont meanwhile are trading higher in the pre market after the chemical maker reported better than expected results for its fourth quarter.

And issued a -- -- thirteen forecast DuPont's adjusted earnings of eleven cents a share topped the estimate by four cents.

While revenue of seven point three billion dollars matched both the prior year.

And the forecast the company says for this year it expects to earn between three dollars and 85 cents and four dollars five cents a share.

The estimate is for 384.

But getting earnings in now from Regions Financial as well the bank is reporting adjusted profit of 22 cents a share just -- the estimate of 41 cents.

Revenue came in at a match at one point 35 billion dollars that was exactly what was expected.

Let's take a look at the markets now we at a holiday yesterday the trading has resume today and you can see.

Markets are fairly flat Dow futures are down eleven -- -- -- about a quarter point lot of nasdaq's up about two and a half in -- -- German economic sentiment came in at its highest level since may of 2010 jumping from a reading.

Of six point nine in December to surprising 31 point five in January stocks though in the red across the board we have London down almost six points Paris is down about ten.

And -- down about 37 let's take a closer look though out what's moving those markets with -- -- and market trader.

And IG -- London will -- UN labor agency says the global unemployment.

Rose by four million in 2012 and is projected to rise by more than five million this year so how worried.

Should investors be about this it it it seems like economic growth is.

Going backwards.

-- Yeah I think this is a continuing story anything if you look at the situation we've -- -- year especially throughout the lost its eighteen months went.

How the constant Euro zone crisis on the austerity measures that needs to be implemented have been a big issue with the way the countries the way the unemployment is already very -- I mean if you don't spying unemployment somewhere around.

25%.

And this is a continuing problem for especially countries that -- looking to try and pull themselves out -- war has been.

On economic doldrums I think that's impacting -- of the developed world and we're gonna see that have a knock on -- in the developing Lotus wealth.

And it will Britain has also overtaking friends to become Germany's biggest global trade partner -- you make of that.

Yea interesting figures today off from the from the is that he W as well assuring -- I guess the progress that a year has made -- that the cross is in the last couple of months and how much more positive.

That the general outlook is I think this is set any interest seen -- knew what the comments from -- seems to be today.

Future economic outlook is detained at some point.

The performance of the trading partners such deceit in the case now on the biggest trading on a sunny by as well -- for our economy as well.

And -- quickly do you think this impacts at all all the -- lately about the other UK's relationship with the EU being that Germany's kind of the engine of the EU.

Yeah I mean it's a Constance.

-- subject to discussion here.

In the taxing kids added that we still have a long way to go before we.

And I think effectively we did -- phones in the -- all trying to like get together and agree on things that would be much better deal for the years.

All right that's bull headed -- -- is great to talk you -- thanks there.

And now let's get the latest on weather from meteorologist Maria Molina and I Fox Business weather -- -- -- hey good morning thank you to see you in -- morning everyone and they would tracking some bitterly cold air across places in the upper midwest.

The Great Lakes and also into the northeast NASDAQ cold air does go over the Great -- we got seen some.

Lake effect snow falling across places in upstate new York and also across western portions of Michigan with some area as.

That could be -- over a foot of snow also please be -- be doing any driving out there otherwise those current wind chill temperatures.

More than twenty degrees below zero across portions of Minnesota and very cold as well across northeast -- All right that's Maria Molina live from the weather senate thanks Maria -- That's it a quick look at oil and gold now we're seeing -- mix of the moment oil slightly down gold up about four bucks.

Imus in the morning continues right now on Fox Business.

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