Bloomberg:
- Janet Yellen, president of the San Francisco Federal Reserve Bank, said in an interview with International Economy magazine that "it makes sense" for central bankers to keep lifting interest rates as long as the economy continues to grow and inflation stays stable.
- CNOOC's $18.5 billion bid for Unocal is an "ominous" move by China to dominate energy resources for the benefit of its economy and military, Frank Gaffney of the Center for Security Policy plans to tell Congress.
- Australia will send 150 troops to Afghanistan for 12 months as violence increased ahead of elections in September, Prime Minister John Howard said.
- Speculation Plays a Major Role in Higher Oil Prices: John Berry
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on MDT.
- Reiterated Underperform on NFS and DE.
Night Trading
Asian Indices are -.25% to +.25% on average.
S&P 500 indicated -.05%.
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)
Global Commentary
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
ABT/.57
AMD/-.05
AAPL/.31
BBT/.75
FAST/.57
GCI/1.37
HDI/.79
MOGN/.17
WWW/.21
Upcoming Splits
CAT 2-for-1
Economic Releases
8:30 am EST
- The Trade Deficit for May is estimated at -$57.0 billion versus -$57 billion in April.
- The Import Price Index for June is estimated to rise 1.0% versus a 1.3% decline in May.
2:00 pm EST
- The Monthly Budget Statement for June is estimated to rise to $23.0 billion versus $19.1 billion in May.
BOTTOM LINE: Asian indices are mostly higher. I expect US equities to again open mixed and consolidate recent gains throughout the day. The Portfolio is 100% net long heading into the day.
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