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J&J Reports Mixed 4Q Results

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  • Description

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

  • Duration 4:58
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This is -- Imus in the morning.

I'm gonna -- Good morning everyone shares of Johnson & Johnson -- trading lower in the premarket after the health -- company reported mixed fourth quarter results.

-- While revenue came minutes seventeen point six billion dollars that was below the forecast.

For seventeen point 67 billion looking ahead the company expects to earn an adjusted five dollars 35 cents to five dollars 45 cents a share.

For -- -- thirteen in the estimate there is for 549.

Shares of Verizon meanwhile -- trading lower in the premarket after the company's fourth quarter profit miss the street's forecast.

Verizon says it earned an adjusted 38 cents a share sharply below the estimate for fifty cents the company -- -- -- sandy cut its per share earnings by seven cents.

And it had warned that the storm -- hurt its bottom line.

Revenue of thirty billion dollars roughly matched expectations.

-- says at the end of 2012.

Smartphones accounted for more than 58% of its wireless retail customer phone base.

Up from 53%.

At the end of last year's third quarter.

Shares of travelers.

Are higher after the insurance company reported a sharply higher than expected fourth quarter profit even if you factor in the cost of super -- sandy.

On an adjusted basis the insurance company says it made 72 cents a share.

Easily beating the estimate for fourteen cents revenue rose 2% from last year to nearly six and a half billion dollars.

Travelers reported 689.

Million dollars in catastrophe losses nearly -- From sandy.

And forgetting here you can now from Freeport Mac ran the mining companies reporting a profit of 78 cents a share better than the estimate for seventy cents.

Revenue came in also slight beat there at four point 51 billion dollars the expectation was for four point 47 billion.

Checking the markets now here in the US.

Trading resumes following the Martin Luther King holiday futures are fairly flat Dow futures are down fourteen yes -- down to the NASDAQ is up.

By one and earlier we were talking about global unemployment with one of our guests will Lawrence cement -- has done some digging on the issue and she has all the numbers for us on that UN.

Dim forecast Clark.

It is pretty damn good morning while we saw a record unemployment around the world for 2012.

This year's not looking any better 202 million people will be unemployed.

Globally and that's gonna rise again next year so no released to 200 and -- and so what's the reason.

Aren't the big countries the big economies doing a little bit better economically speaking -- answer is yes but now we have to deal with that trickle down effects.

Nations in Asia Africa they're expected to see high unemployment over the next couple of years and it -- -- There's at least.

Who love boarding planes might find this to be good news -- some new options from southwest.

Yeah -- another C.

Another feed Eric they're charging you for everything these days southwest which is the discount carrier that still let's bring bags on -- bags they're afraid.

If you want you can pay forty dollars to get on the plane first you -- the first fifteen people to get on this -- -- -- with extra leg around the more -- basics extra.

They tested this in San Diego last month and it was successful we're willing to pay for these things and the -- because they don't get any Stella.

This is probably going to be pretty popular you have up until 45 minutes before your your plane takes off to -- that CN do -- -- at the gate at southwest.

Some of gotta pay the bill the airlines will find a way like her -- -- -- emanate from the newsroom -- appreciated them zero -- And forgetting -- in now from PetMed Express the -- that pharmacy is reporting a profit of 23 cents a share topping the estimates for eighteen cents.

Revenue came minute 49 point six million dollars the estimate there was 450.

Million dollars.

Let's get the latest on weather now from meteorologist Maria Molina in our Fox Business weather center we've been spoiled on the East Coast with a pretty mild winter -- -- -- that might be changing.

Yeah that's right we're totally changed today -- over the next several days as well we have very cold air from Canada.

-- stand down into portions of the midwest over the last couple of days and now guess -- -- is over the northeast current windchill temperatures in the single digits along and in five quarter from Boston down to Philadelphia -- -- -- Looking at occurring windchill temperature at seven degrees but it's even worse across interior sections of the northeast where you're talking up temperatures -- windchill temperatures.

A fifteen below zero in buffalo sixteen below zero over in Detroit so we do have wind -- warnings in effect.

And also advisories across places in the midwest into the northeast because.

It's so cold -- and that's frostbite and hypothermia could be concerns out here -- -- outdoors without proper protection.

-- bundle up everybody thanks -- area think.

Let's take a look at commodities now oil and gold -- -- those done by six cents both up about three bucks Imus in the morning continues right now on Fox Business.

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