The video that this transcript is based on appeared on Nov 12.
NEW YORK ( TheStreet) -- Tesla's stock reversed recent losses, more earnings are expected, Blackstone's Extended Stay America hotel chain is set for public markets and why Jim Cramer likes Macy's ahead of earnings.
Good morning for the Nasdaq MarketSite in Times Square on a rainy day here in New York City. I'm John Marino with your global market report. Here in the US markets are mixes were heading into the open today we've gotta big IPO on the way, Blackstone's extended Stay America hotel chain expected price later. Overseas we've got losses in Europe, pretty decent day so far for Asian investors we've also got a new report out this morning coming from the Organization for Economic Cooperation and Development suggesting economic growth is set to pick up in the euro zone in China and the UK, but India Brazil and Russia are expected to remain sluggish in 2014 the OECD's leading indicator suggesting global economic growth is likely to pick up in the months to come, easing concerns that a continued slowdown in China and elsewhere in developing economies could offset pickups in developed economies while the global economy will perform less strongly than previously anticipated, it appears more likely it will grow rapidly in 2014 than in 2013. We're going to get back now to market moves overseas in Europe or about midway through the trading day we're gonna turn to Laura Board she's in the deals London newsroom with more
Morning John on European stocks predominantly down, as investors focus on corporate news which is on balance marginally negative, Asian stocks held up better the Nikkei posting a gain of 2.2 percent on the rising Yen, the Hang Seng in Hong Kong down however one point seven percent. Here in Europe the Footsie the Dax the CAC all down. In the UK we've had some surprising figures on consumer price inflation rate for the month of October is just 2.2 percent down from 2.7 percent in September, way below expectations and the heading towards the Bank of England's target 2% rate this all means that the central bank is less likely to raise rates anytime soon. One company here in London that caused a splash is Vodafone Group the wireless services operator. It's brought forward and increased a capital expenditure program it calls projects "project spring" to upgrade is network infrastructure. Its spending about us 11 billion dollars an extra 1.6 billion from the figure it announced back in September. Moody's has said today other telecoms may struggle to compete and that's probably contributed to sharpish rise in Vodaphone (VOD) stock today even as first half sales and earnings fell short of expectations.
That was Laura Board latest coming for the Deals London newsroom now in a check out our Nasdaq wall over here.
We're also gonna check out shares of Tesla (TSLA) , it's been a rough ride for the electric car maker in 2013 and shares have fallen more than 10 percent since last Tuesday on news of yet another Testa on fire, but the stock appears to have bottomed out shares bouncing back sharply for five percent yesterday and they are now flat heading into the markets open today Testla is obviously having a big year with the stock being up more than three hundred and twenty-five percent so far this year. Moving along now to DISH Network (DISH) , Dish Network is starting off the day with a huge earnings beat coming on stronger than anticipated subscriber performance. Expectations are for 44 cents a share but DISH network reported a whopping sixty eight cents a share for its most recent quarter earlier this morning. This time last year earnings were 65 cents a share in already this year so far dish's stock is up more than 30 percent. Reporting earnings today is DR Horton (DHI) , a Texas-based home builder has underperformed many of its peers on the NYSE shares are up nearly 9 percent so far this year going to this morning's quarterly earnings report expectations were for forty cents a share and DR Horton matched that earning forty four cents a share the same quarter last year earnings came in at 30 cents a share. Wrapping up now Action Alert coming this morning is Macy's (M) , one of Jim Cramer's pick's, Cramer's buying shares ahead of Macy's Wednesday earnings call and he's expecting a big rebound here the stock has underperformed the S&P 500 by nine percent since its fiscal second-quarter, and Cramer seeing mid-teens earnings growth coming up ahead so far this year may see stock is up about 20 percent. Make sure to track earnings news and updates all day with us at TheStreet.com, from the Nasdaq MarketSite in Times Square I'm John Marino have a great day.
Written by Jon Marino in New York.