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U.S. Day Ahead: FedEx results - all about hope and Xmas!

Wednesday, 19 Dec, 2012 - 02:49

Dec 18 - When FedEx reports before the bell, make sure to focus on what the number two U.S, package-delivery company says about its outlook and how much its shipping in the holiday season.

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Now it's not an -- and it's different with market back to mid October -- Three men hoping DP lawmakers can hold the US away from the fiscal -- And we'll bring you all the latest developments on Wednesday at -- got them. Time your key piece of earnings to focus on in the morning is FedEx. The number two US package delivery company looks like it'll see its profits shrink by 10% from a year ago as the customers -- to shipped by sea to cut down on costs. As correspondent Bob Malone is covering the result he does pay attention to two imports and. Indicators. One is what they have to say about what your profit forecast and it reported first fiscal quarter earnings in September pick -- the 2013 you might not 10%. Any further got past that certainly kept Wall Street tends to FedEx is a bit of a -- on -- -- holiday shopping season. They've said that they expect overall act. Volume between Thanksgiving and Christmas to be up about 13%. Copper for that -- color on whether shopping picking up slowing down Santa best. And FedEx shares are up 8% since the start of the year and it's not the kind of strength. It's -- underperforming the broader S&P 500 that is up. Thirteen per cent yeah. Your day I had digit -- 860000. That's how many new homes we could -- built in November according to IFR and would be a drop of around 30000 units compared to October. But don't please put down just yet remember starts are up over 20% year over year. I have our economists feel Littleton as they would have to fall below 835000. Two degrees one now. And -- -- will be top of the agenda when US and Chinese delegates hold high level trade talk in the US companies wanna see an anti Chinese demand. That they must -- -- to do business there. We'll hear more at a news conference at around 4 PM. Greater street -- -- Doug Palmer will be air he's expected Chinese team to be asked about the fiscal cliff. I'll have something to say China and the US's largest creditor holding one point two trillion dollars US and and we can't go without mentioning apple it jumped 3% at the end of the day it's pin on one reason. I think I'm decided to drop its attempt to ban Apple's sales in gear up don't rejoice typically though apple lost about 13% in the last two weeks. Check out our daily tech showed tech when he for a more in depth analysis. And make -- to follow us on Twitter at Reuters Insider and catch our interviews with Todd Martin humor is on -- TV. Wednesday we look at the long term future of Facebook's insert ground -- Anthony after it change its privacy policy we talked to the people who decided to jobs yet. I'm putting on this is very.

U.S. Day Ahead: FedEx results - all about hope and Xmas!

Wednesday, 19 Dec, 2012 - 02:49

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