Also in this playlist...
This transcript is automatically generated
On Fox Business -- let's go to the markets now the top of the hour thirty minutes to go until the opening bell rings on Wall Street and setting is up the Asian markets with a mostly higher situation with the exception of Hong Kong.
If -- at a moment the declines in the features and everything else but the Nikkei was up a tenth of 1%.
Caspian South Korea three quarters of 1% but again Hong Kong down more than one and a half percent while the mainland.
Chinese market was little to -- let's look over to Europe now you see those declines one -- -- half percent.
On the -- 100 -- forty in Paris one point three German Dax more than one and a half percent and our stock index futures.
Are also indicating the possibility Wall Street open -- at the bottom of the hour Dow futures down 71 and S&P futures down seven.
And a half we'll talk about the global economy as we have moved forward here the next few minutes leading up to forty accompany oil at 9427.
By three quarters of 1% gold is up.
By just about seven dollars an ounce of those -- the numbers to go back now to -- -- to Diana said it with some of the stories that are helping to drive the numbers out this morning once again to morning T Diane.
Good morning -- -- -- deals to tell you about this morning for starters.
Smithfield Foods it's official -- Chinese company known as -- way is buying that company for 34 dollars a share.
Valuing the deal at seven point one billion dollars if you if that includes Smithfield that -- their sources tell Reuters.
That the goal of the deal is -- -- way to import Smithfield support.
And restore consumer confidence in the wake of the series of Chinese food safety scandals that have happened.
In recent months.
In the meantime we also some news on Sallie Mae the country's largest student loan companies splitting into two publicly traded companies one that will handle education loan management.
The other will specializing consumer banking the company also name's John -- -- as its new Chief Executive Officer replacing Albert lowered.
Who's moving up his plans to retire from the board.
And executive management.
President Obama reportedly plans to point Jason Furman to -- is new White House chief economist.
Furman who has advised the president since his 2008 election campaign has helped create administration policies on taxes.
The response to the US recession and efforts to avoid a fiscal cliff at the end of last year.
Sources say -- replace Alan Krueger the White House says.
-- return to Princeton to resume his previous position teaching economics.
And public affairs at the university from his appointment would require confirmation by the senate.
And -- reportedly may -- US markets when the company goes public possibly this year unnamed bankers tell the financial times of the Chinese e-commerce giant.
-- consider listing NN Hong Kong in order to avoid regulatory scrutiny.
In the US IPO process the US based spokesman for Alibaba declined to comment on that report.
But the company's highly anticipated IPO is expected to have a significant impact on Yahoo! which still owns a substantial stake in that company.
Speaking of companies Wal-Mart has agreed to pay more than 81 million dollars after pleading guilty in a hazardous waste case.
The retail giant was accused of illegally dumping fertilizer pesticides.
And other hazardous products into trash bins and sewer systems.
In California and Missouri ten years ago.
Resolution follows civil settlements -- Wal-Mart has already made with those two states over that improper disposal and -- back to you.
And thank you very much -- say though there are at a record number of US women are top earners in their family so let's go to Lawrence and that he is following that story to give -- something that everybody's talking about this morning and that's one of the things where the F.
Obviously has been a lot of wives look at their husbands and saying yeah that's right.
But there's also decided that that didn't -- single mothers out there right.
Forced to -- this.
Nice set up Connell added that is right so so here's the good news that mom is bringing home the bacon a record 40% of households have mom as.
The primary or the sole breadwinner in the family right this is part of the changing dynamic we've seen in the family structure over the past fifty years -- yourself.
But -- when he gets a little tricky more than five million homes is.
Married couple mom is married to dad mom makes more than dad that -- -- on average 80000 dollars a year which is more than -- average 57000.
That a typical family what -- But here's the case where it's a little troubling nearly nine million moms are not married they're single they are the head of the household and they're only making 23000.
Dollars a year.
So that was something that caught my -- I another -- in the Pew Research Center study which was surprising was that 45% of women.
Said that they think it's better off for their children if mom stays at home.
The other topic that we're talking about today -- -- -- head scratching you know millions of people are unemployed searching for jobs yet 39%.
Of American companies in all industries.
And every part of the United States say they are having difficulty finding qualified workers.
That according to manpower group which is a staffing firm it interesting but these are the jobs and that and industries where it's hardest to fine.
Qualified workers and you could see skilled workers like craftsman come in at number one come back to you.
Mark thanks Lawrence a minute now for.
Under 25 minutes to go until the opening bell -- senate the New York Stock Exchange let's go there now Nicole Petallides one Nicole.
Good morning -- good morning everybody well you see the US dollar is lower today.
Right now we're watching the banks under some pressure Ahmad keeping an eye on a name like Bank of America Dow component Bank of America which is slightly lower.
On the other hand Michael -- -- is doing well today with an up arrow that comes on the heels yesterday about we saw with Tiffany's -- jumping.
A downgrade this morning over at Morgan Stanley of brocade so brocade is looking lower by about two and a half percent.
Both FaceBook and Freeport Mac brand have -- down arrows today obviously two very different businesses that FaceBook some advertisers.
Are pulling back they're advertising campaigns with FaceBook Freeport Mac -- and some of those.
Commodity tied stocks to be pulling back.
-- after its quarterly numbers it did miss the street view.
It's a women's apparel company and -- their margins have -- seamstress sales not good news there also Goldman making a call.
On steal this morning the -- -- to her.
Estimates were lowered over at Goldman Sachs.
Lowering their steel price forecasts due to iron ore price declines global oversupply.
And reduced costs so lowering several names including US steel AK steel back to you.
Filter by section