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Boeing Shares Rise After 4Q Earnings Beat

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  • Description

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

  • Duration 4:32
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This transcript is automatically generated

This is very.

Time -- of the morning program on the Fox Business -- Good morning everyone shares of Boeing -- -- 1% in the premarket after the plane maker reported better than expected fourth quarter earnings.

The results come as the company works to find a solution to battery problems on its new 787 dreamliner.

That's been grounded by regulators Boeing says it earned an adjusted profit.

Of one dollar 46 cents a share beating the estimate for a dollar nineteen revenue of 22 point three billion dollars came in just short of the forecast.

For 22 point 36 billion Boeing says it expects to earn between five dollars and five dollars twenty cents a share in 2013.

And that compares to the -- -- for five dollars sixteen cents.

The company's 2013 revenue estimate is 85 to 85 billion dollars vs the 88 point two billion dollar testament.

Chrysler group is reporting fourth quarter net income of 378 million dollars up 68%.

From 225 million a year earlier thanks to higher vehicle sales North America.

Revenue rose to seventeen point 15 billion dollars compared to just over fifteen billion.

Last year pressure says net income for all of 2012 was up one point seven billion dollars.

From 183.

Million in -- -- eleven.

The automaker which is majority owned by Italy's Fiat says it expects to -- net income of 2.2 billion dollars -- 2013.

We're set to get two pieces of economic data in the next thirty minutes it including the first look at growth in the fourth quarter.

Analysts expect gross domestic product to rise by just one point 1% for the quarter diluted.

Business is adding less stuck to their warehouses and cuts in government spending that I would be the slowest growth rate in nearly two years and a big drop.

From the three point 1% -- on the third quarter and number comes our way to 8:30 AM eastern shortly before that.

At 815 we'll -- the ADP private sector payroll report for January 165000.

Jobs are expected to have been added this month.

Down from the 2151000.

In December.

The report comes ahead of the important monthly jobs report which will be released Friday.

That report.

Is expected to show that the economy added 160000.

Nonfarm jobs while the unemployment rate is expected to stay at seven point 8%.

And there's been a lot of talk lately questioning the value of a bachelor's degree in -- -- of -- -- usually comes just of the reasons why we might want to skip school she's back now with a look at why you should actually.

Hit the books Lauren.

-- in mid morning and I am certainly not looking to be done don't get a higher education so that's why I have this story for you.

I spoke to professor at Georgetown University they're sent there.

On education and workforce and he hasn't studied that really shows you that that PA.

He certainly worth it.

Over the lifetime of your career if you have a bachelor's degree on average you can earn 2.3 million dollars if you do not have not bachelor's degree.

That brings earnings down to one point three million dollars -- you can say that the degree is worth.

Million dollars.

And you might need that money just to keep up with the ever growing number of these we have to deal with -- first credit cards.

Now you're telling me YouTube yet convey algo loans -- to that.

And spoken about for a little bit but now it might be coming sooner than we thought perhaps right around Easter time YouTube could charge users between one.

And five dollars a month for certain channels they do not know which channel is just yet but at age is reporting that YouTube is talking to special video producers.

To produce special contents that they can charge for on this site.

Little scary thing you know you watch on your television assets on YouTube -- -- -- -- eventually have to pay to watch this mess -- Thirty UT when you have after business network they can just watch this right -- that act at -- -- of an FBI he's not.

-- land and let's get the latest on weather now for meteorologist Maria Molina in our Fox Business weather -- Maria.

-- standing today we're tracking some severe weather across a big chunk of the country stretching from parts of the Florida Panhandle up into Georgia Alabama.

And as far -- as portions of the state of New Jersey and also Pennsylvania we're talking not tornadoes possible today damaging wind gusts.

Large hail and even some flooding from some of these storms so of course we're expecting to see also some weather related traffic delays.

Part of the reason why we're seeing severe weather is that warm air place today across portions of that old 73 for a -- -- Raleigh, North Carolina.

Upper -- in New York City and 64.

-- the city of Cleveland meanwhile behind this system very cold 37 in Chicago 23 in Minneapolis and and we even -- since not -- talk about from Iowa to Wisconsin.

All right Maria Molina for the weather -- and now here's the -- -- live on Fox Business.

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