Also in this playlist...
This transcript is automatically generated
This is -- Imus in the morning -- On the Fox Business Network.
-- -- -- -- Good morning everyone caterpillar says it's cautious for -- thirteen but it's encouraged.
By -- improvements in economic indicators around the world the largest.
Maker of construction equipment estimates that it will earn a profit of seven to nine dollars a share this year the estimate there.
Straight -- 54 cents.
And for just the ended fourth quarter the caterpillar says it made an adjusted profit of one dollar 91 cents a share topping estimates.
Revenue fell 7% from a year ago to just over sixteen billion dollars roughly in line with the street's forecast.
Checking the markets now here in the US futures have been fairly flat all morning -- -- green arrows so now with Dow futures up when he.
Yes -- at two and a half and the nasdaq's up six.
Asian markets finished today mixed with Japan's government raising its growth forecasts predicting the economy.
Will expand 2.5 percent in the coming fiscal year that's.
Thanks to a weakening -- yen and improved global demand for exports and it's up from the estimate.
For one point 7% the -- did top 111000 for the first time since April 2010 but it retreated.
As profit taking kicked in meanwhile the Shanghai climbed on positive earnings.
-- -- Chinese firms.
And -- -- -- Nikkei Caspian today in the red Hang -- and Shanghai were up in Europe stocks are also mixed we have London up six -- up four points while Frankfurt.
Is slightly down.
Bailout cash haters may want to think twice before putting it on the plastic Lawrence amenities in our newsroom now with all the details on a new credit card check out -- -- gone -- on.
An excellent way to put it who can raise cash anymore were always wiping the plastic and now as of yesterday.
Forty states -- -- legally charge consumers.
-- of between one and a half from 4% of their final bill.
If they swipe their credit card doesn't affect debit cards only credit cards here.
And like I said in forty states isn't big deal -- make you wanna make -- -- your debit card or indeed carry cash.
So forty states -- so how do you know if the particular -- you're -- or even a particular state herein.
Is doing this -- good news here in New York.
-- it is illegal the same for Connecticut Colorado California Florida it's Candace Maine Massachusetts.
Oklahoma and Texas here's -- -- I on your receipt it should say that from the merchant that they are charging -- they should tell you when you're making a purchase and -- also be a sign posts to be there at the door.
Of this store or by the -- so this is certainly something to watch out for and we might start to see a backlash I mean advisors say you might want.
Say something to the merchant that you don't -- -- pay it and they don't want to lose your business so they'll say OK okay fine I'll I'll take it off for now so it's going to be interesting to see if this actually does stick that now it's legal in forty states.
Pay for the convenience that you papered at the local ATM I suppose you're gonna help -- -- -- one -- I don't exactly if I get Lawrence in an idea from the newsroom -- learned.
So economists are still cautious but appeared to be growing more optimistic about the strength of the economy the latest -- -- -- survey by the national association for business economics.
Shows half of the 65 economists polled now expect.
Real gross domestic product grow between two and 4% this year that's up.
From 36% who felt the same way three months earlier the survey also found that 34% of firms now expect to expand their payrolls.
In the next six months and that's the highest percentage since April of last year.
Toyota's once again the world's top selling automaker the company says it sold -- record nine point 75 million vehicles last year.
Up more than 22.
And a half percent from the previous year that let's say -- -- back in the top spot which it lost in 2011 following an earthquake in Japan and floods in Thailand.
General Motors dropped to number two for -- twelve and Volkswagen landed at number three.
Now let's get the latest on weather from meteorologist Maria Molina in our Fox Business weather -- hey Maria.
Hey good morning -- and good morning everyone and -- we're tracking a winter storm that's going to be producing some areas of snow and also some icing across places in the northeast.
And even into areas across mid Atlantic so travels going to be a concern -- -- -- -- airports.
But also on the roadways because -- talking money glaze of ice.
Expected to be accumulating across places in Virginia parts of the mid Atlantic and -- eventually into the northeast at some of that ice eventually.
Moves northward into portions of Pennsylvania and also -- seeking -- so please be careful out there.
I delays right now the airport's not too bad but we do have one delay or -- One airport reporting delays in Philly international with the delays -- out about 81 minutes out -- -- pack the patience if you're headed out here.
Otherwise -- -- -- -- storm system we're expecting to seem very mild temperatures possibly seeing -- high in the sixties tomorrow in Chicago.
Pack some patience I like that was not very good at it but I but I like thing real go with it.
Found -- thanks a lot of three Molina from the weather center let's take a look at commodities now oil and gold are both up now we've got oil up by about 33 cents same goes for gold up thirty cents -- -- At 1659.
Coming up this hour Imus -- guests of the Fox -- political analyst Juan Williams and now here's the -- -- live on Fox Business.
Filter by section