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344K File Jobless Claims

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  • Description

    FBN's Diane Macedo breaks down the latest economic data.

  • Duration 1:27
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Good morning everyone I'm -- -- a short time ago we got the second reading on fourth quarter growth.

The government says gross domestic product came in up point 1% that's the weakest pace of expansion since the first quarter.

Of 2011.

It's also far from the growth needed to drop the unemployment rate economists were expecting it to -- -- -- point 5%.

You -- remember the first reading on the fourth quarter.

Was down point 1% that was the first contraction in three and a half years we also got the latest read on the labor market and Allen wasn't so bad the Labor Department -- 344000.

People.

Filed for first time jobless benefits last week better than he expected 360000.

But the prior week was revised higher by 4000 to 366000.

Checking the markets now here in the US.

Futures are still makes you got Dow futures down by a point yes and he's up by about as much of the nasdaq's up little more than four.

We also earnings in now from Barnes & Noble that retailers reporting a third quarter loss at eighteen cents a share analysts were expecting a profit of 54 cents.

But those numbers may not necessarily be comparable now revenue came in at 2.2 two billion dollars that was -- -- the estimate there was for 2.4 billion.

Let's take a quick look at commodities oil and -- let the markets have been searching for direction we've got red arrows now with oil down eight cents all the sound a little more than four dollars.

Imus in the morning continues right now on Fox Business.

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