Bloomberg:
- Newmont Mining, Phelps Dodge and Barrick Gold, faced with surging energy costs, are building their own power plants, locking in fuel prices and using bigger trucks to reduce expenses.
Financial Times:
- CSFB may win an advisory role in China Construction Bank’s $5 billion IPO.
- KPMG LLP may announce a settlement with the US authorizing authorities over past sales of tax avoidance schemes as soon as this week.
Automotive News:
- The US will announce new rules tomorrow to boost fuel economy requirements for sport-utility vehicles, pickup trucks and minivans by as much as 6%.
Telegraph:
- Former UK Chancellor of the Exchequer Ken Clarke said the euro has been “a failure” and there had never “been a time when the British could have joined with complete security and confidence.”
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on EBAY, AMLN and PFE.
Night Trading
Asian Indices are -.25% to +.50% on average.
S&P 500 indicated +.05%.
NASDAQ 100 indicated +.09%.
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
TTC/.69
WSM/.26
WIND/.06
Upcoming Splits
KIM 2-for-1
Economic Releases
10:00 am EST
- Existing Home Sales for July are estimated to fall to 7.25M versus 7.33M in June.
BOTTOM LINE: Asian indices are mixed, as gains in Japan are being offset by losses in Chinese shares. I expect US equities to open mixed as energy fears offset economic optimism. The Portfolio is 50% net long heading into the day.
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