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U.S. Morning Call: Stock futures lower, weakness in China

Thursday, April 12, 2012 - 02:14

April 13 - U.S. stock index futures are pointing to a slightly lower open as weak Chinese economic data competes for attention with corporate earnings.

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Here's your morning call for this Friday US stock index futures point to a slightly lower open. As weak results from China compete for attention with corporate earnings. Down NASDAQ and SP 500 stock index futures are down to a quarter of 1% change. China says the economy in the first quarter grew at its slowest pace in nearly three years. Eight point 1% which is below forecasts that it raised fears of heartland. On the earnings front JPMorgan. -- that are the Dow component just. Out with the lower quarterly profit but higher earnings per share it's your account decline the stock -- back. The bank says its assets under management hit record while nonperforming assets rose from the previous quarter. Shares are up about one point 1% in the premarket. Down slightly over the past fifty. Google reported a better than expected profit and announcing what is effectively -- -- for one stock split. The move will keep co founders Larry Page history break in control of the Internet giant. Earnings -- sales were in line and search advertising rates decline. On the flip side deals that cost 6000. So and it was down 12% year over year so. And it was don't 6% from the disappointing with what. Shares of Google -- in the premarket they've risen more than 10% over the past year. More legal woes for Bank of America. A judge ruling C O'Brien morning and must testify. In the case brought by bond insurer MBIA. Which claims a bank fraudulently induce it to ensure risky mortgage backed securities. Also -- -- pension fund as soon be Avaya and US Bancorp. Saying they failed to protect investors in the roles as trustees for mortgage backed securities for Washington Mutual. And apple fired back at regulators. The computer makers said the Justice Department's charges that it colluded with -- fixed price of electronics books was in his words. Simply not true point of Wall Street Journal apple contends it broke what it called. And Amazon's an -- was to grip when it began selling ebooks and broke it sounds after the government had sued apple and -- published. That is your morning call this Friday I'm Fred Katayama and this is going.

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U.S. Morning Call: Stock futures lower, weakness in China

Thursday, April 12, 2012 - 02:14