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Pre-Market Report: GM Expected to Report Lowest Profit in A Year

Thursday, 16 Feb 2012 | 6:00 AM ET

Futures are negative as markets in Asia were in the red overnight and European stocks were slightly negative; U.S. stocks ease off early morning lows while investors await key data on unemployment and housing; General Motors is expected to report its lowest quarterly profit in over a year, and Fed chairman Ben Bernanke speaks at community banking conference today; reports CNBC's Kayla Tausche.