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The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
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These are the stocks posting the largest moves midday.Market Insiderread more
Take a look at some of Friday's early movers:
Tiffany fell more than 3 percent in pre-market trade after reporting a 1 percent drop in quarterly sales, hurt by a stronger dollar and weak demand during the holiday shopping season. Same-store sales in constant currency were flat or declined in all regions except for modest increases in Asia Pacific and Europe.
Darden Restaurants jumped about 5 percent in pre-market trade after reporting same-store sales rose 3.6 percent in the most recent quarter, and boosted its outlook for the full year.
Ctrip, the Chinese-based travel booking site, surged more than 15 percent in pre-market trade after reporting fourth-quarter revenue that beat and indicated a 40 to 50 percent increase in revenue for the first quarter, up from estimates of 31 percent.
Simon Property made its "best and final offer" to acquire all outstanding shares of operator Macerich for $95.50 a share in cash and Simon shares, an approximate value of $23.2 billion, including assumption of about $6.4 billion of outstanding Macerich debt, a Simon press release said. Earlier this week, the . Macerich shares plunged more than 9 percent in pre-market trade, while Simon shares edged about half a percent lower.
Halliburton edged higher in pre-market trade. The oil service giant and Baker Hughes are reportedly seeking to sell as much as $10 billion in assets next month in order to complete their merger, sources familiar with the offer told Bloomberg.
Amazon gained in pre-market trade on news the e-commerce giant received approval from the Federal Aviation Administration to test drones in Washington State. The firm could see some headway on the "Prime Air" service it would like to offer.
Trimble Navigation was initiated "neutral" at Goldman Sachs with a price target of $29.
Honeywell gained more than 1.5 percent following its addition to Goldman Sach's conviction buy list.