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Futures Follow Global Markets Lower Thursday

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  • Description

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

  • Duration 4:46
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This is this Imus in the morning.

-- -- -- -- -- Good morning everyone -- -- -- -- down more than 6%.

In the premarket despite.

It's better than expected fourth quarter results due to concerns about the company's expenses.

FaceBook earned an adjusted profit of seventeen cents a share two cents above the estimates.

While revenue jumped 40% from last year to a better than expected one point 58 billion dollars.

The social media giant said nearly a quarter of its advertising revenue is now coming from mobile ad sales.

But it also said its operating margin plunged to 33%.

In the fourth quarter from 48%.

The year before and then meanwhile is out with mixed fourth quarter earnings in the health insurers says it made an adjusted profit of 94 cents a share.

Missing the estimate by a penny revenue nine point 93 billion dollars topped expectations.

Looking ahead Aetna's reaffirming its outlook for 2013 profit.

Of at least five dollars forty cents a share the estimate there is for 553 -- share.

And we have earnings and now from Altria as well the tobacco companies reporting and adjusted profit of 55 cents a share matching the estimate -- on.

Revenue was to -- -- -- six point two billion dollars analysts were expecting four point 34 billion.

The -- a look at the markets now here in the US.

Where's the have a fairly flat morning going but we have earnings in coming in from Colgate-Palmolive -- let's look at those numbers first a consumer products company.

Is reporting an adjusted profit of one dollar 41 cents a share topping the estimates.

For -- dollar forty revenue came in at four point 29 billion dollars just missing the expected four point 31 billion.

Now back to those markets here in the US as -- -- -- it really flat morning would you have read Arizona Dow futures are down eleven the S and -- down almost two and the nasdaq's down.

Nine and a half points in Europe.

-- -- bank posted a 3.5 billion dollar quarterly loss but Ericsson shares are surging they surged more than ten point 2% after it reported better than expected.

Fourth quarter results stocks in Europe though are in the red across the board all down about 35 points there.

For more on the European market so let's go live to London but Alastair MacKay market analyst for IG.

Good morning Alastair I want to talk about these German numbers his German unemployment.

Fell to six point 8% a retail sales.

Also dropped one point 7% in December much worse than expected so what's the take away -- -- someone and negative on the other we make about.

Yeah the that this is that disconnect -- -- seeing actually growing over the last couple of weeks now whether economic dates or isn't really backing up the sentiment.

Last week said he W confidence figures were pretty good for Germany very good fact for Europe.

And I think we're kind of seeing that by that the fact unemployment claims -- drifting lower unemployment levels.

A drifting lower as well -- confidence by the business community is obviously that they're employing the people.

But you actually look at the hospital -- to the economic data this coming out retail sales -- pretty disappointing kind of a reflection of what said the UK so from our retail sector as well -- The confidence is that Harold cited economic data is not backing it up and let's face it.

Confidence is half about so when we're talking about where when markets are gonna -- And now so looking at Spain prime minister Mariano Rajoy and the ruling people's party -- denied today.

That the party made payments from business donors to the premier another party leaders how damning.

Are these allegations though could you see -- affecting the next election.

Well I think miss are always gonna -- number of issues on his plate and this is may be just a small factory and it'll really.

Unemployment levels as high as they are in youth unemployed retire at 60% for the under twenty -- I I think of wanna see mine sort of and payments scandals that -- -- -- may or may not be is it really.

-- the least of his issues he's he's got a lot more important economic issues as far as the voting public is consent.

About -- regenerating the economy getting employment levels to start seeing increased unemployment levels drifting lower.

That's going to be much more important as far as -- elections concerned thing.

All right that's Alastair MacKay govern money we appreciate Alison thanks.

-- -- And -- getting earnings -- now from Dow Chemical companies reporting adjusted profit of 33 cents a share that's below the estimates.

But nothing much -- 34 cents their lost by penny revenue came in at thirteen point 92 billion dollars the estimate there thirteen point seven billion dollars so that wasn't -- We are getting charities -- from her she is well the -- -- makers reporting 74 -- -- cent a share in adjusted profit.

Just below the estimate for 76 cents revenue was a -- though one point 75 billion dollars -- -- -- estimate for one point seven billion.

Let's take a look at commodities now oil and gold have been down this morning we have oil now down by 22 cents.

Trading around 97 almost 98 dollars a barrel gold is down about five bucks.

At 1676.

Announced --

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