Bloomberg:
- News Corp. Chairman Rupert Murdoch said his company is in "very friendly" talks to acquire voting shares held by John Malone's Liberty Media Corp.
- The Federal Reserve may raise its interest-rate target just two or three more times because of a "soft patch" that is emerging in the global economy, according to Paul McCulley, a managing director at PIMCO.
NY Times:
- Iran is arranging oil and gas deals with fast-growing countries amid threats of sanctions from the US and Europe.
London-based Times:
- The UK ruling Labour party has increased its lead over the opposition Conservative party as 71% of voters forecast Prime Minister Tony Blair's government to win a third term in office in the May 5 election.
Economic Daily News:
- A Taiwan cabinet fund, a private bank and the Alaskan state government of the US will set up a $200 million venture to jointly invest in energy companies in the Asia-Pacific region.
Australian Financial Review:
- General Re Corp. and National Indemnity Co., units of Warren Buffett's Berkshire Hathaway, are among defendants in a $307 million Australian suit by the liquidator of failed HIH Insurance Ltd.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on GE, RE, ACN, DIS, NSM and PKG.
Night Trading
Asian Indices are +.75% to +1.25% on average.
S&P 500 indicated +.18%.
NASDAQ 100 indicated +.53%.
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
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
Company/EPS Estimate
ASO/.48
AV/.17
BOL/.51
BSX/.51
CDWC/.71
CD/.24
CKFR/.36
CAKE/.24
KO/.43
DHI/.80
EMC/.11
FRX/.40
FCX/.55
GM/-1.49
ITW/1.06
INTC/.31
JCI/.85
JNJ/.92
JNPR/.15
LLTC/.32
LU/.04
MER/1.18
MGG/.75
PFE/.53
RSH/.32
STX/.37
SYK/.40
WFC/1.09
YHOO/.11
Splits
GGB 3-for-2
PIXR 2-for-1
Economic Releases
8:30 EST
- The Producer Price Index for March is estimated to rise .6% versus a .4% increase in February.
- The PPI Ex Food & Energy for March is estimated to increase .2% versus a .1% gain in February.
- Housing Starts for March are estimated to fall to 2090K versus 2195K in February.
- Building Permits for March are estimated to fall to 2090K versus 2107K in February.
BOTTOM LINE: Asian indices are higher, spurred by gains in technology stocks in the region. I expect US equities to open mixed. However, stocks may rally later in the day on short-covering and bargain-hunting after the PPI report. The Portfolio is 75% net long heading into tomorrow.
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