Bloomberg:
- William Poole, president of the Federal Bank of St. Louis, said central bankers will need to be more "vigorous" in raising interest rates when inflation pressures begin appearing in labor costs.
- Crude oil futures in New York will probably fall next week as increasing production by members of OPEC boosts US inventories.
- Bank of America said revenue from its debt, treasury and trading operations in Asia may rise as much as 15% this year as it makes more fees selling corporate loans and bonds.
Wall Street Journal:
- Time Warner and Comcast agreed to buy Adelphia Communications for about $17.6 billion in cash and stock.
Financial Times:
- German companies are decreasing their investments in Russia on doubts that the country's government will follow through with market reforms.
- Qwest Communications is close to arranging a $2 billion equity infusion in its effort to buy MCI Inc.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on DELL.
Business Week:
- Shares of Barrier Therapeutics(BTRX), a maker of dermatological treatments, are expected to rise as the company awaits approval from the FDA.
Night Trading
Asian Indices are +.25% to +.50% on average.
S&P 500 indicated -.04%.
NASDAQ 100 indicated +.03%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Analyst Actions
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
Company/EPS Estimate
CKR/.10
Splits
None of note
Economic Releases
None of note
BOTTOM LINE: Asian indices are higher, led gains in exporters on another decline in energy prices. I expect US equities to open modestly higher on another decline in commodity prices and strength in the US dollar. The Portfolio is 50% net long heading into tomorrow.
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