Bloomberg:
- The US dollar is rising for a fourth day against the euro in Asia on speculation international investors are increasing purchases of US debt to boost returns.
- Qwest Communications International and a union representing its workers tentatively agreed on a new contract for 25,000 employees.
NY Times:
- Arizona and New Mexico are diverting federal and state money to strengthen local law enforcement near the border.
Newsweek:
- NYSE CEO Thain is willing to settle a lawsuit with the Big Board’s former CEO Grasso for $25 million.
ABC News:
- Police in California disrupted what they said was a plot to attack Jewish sites and military targets in the LA area on the anniversary of the Sept. 11 terror attacks.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on SYMC.
- Reiterated Underperform on DE and AMAT.
Night Trading
Asian Indices are -.50% to unch. on average.
S&P 500 indicated +.12%.
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
BEAS/.09
BLI/-.11
HOTT/.03
MDT/.49
MW/.46
NTAP/.15
ROST/.29
CRM/.04
SNPS/.08
TLB/.34
TOO/.11
Upcoming Splits
None of note
Economic Releases
8:30 am EST
- The Producer Price Index for July is estimated to rise .5% versus an unchanged reading in June.
- The PPI Ex Food & Energy for July is estimated to rise .1% versus a .1% decline in June.
BOTTOM LINE: Asian indices are mostly lower, led down by exporters in the region. I expect US equities to open mixed-to-higher as strength in the tech sector more than offsets inflation and energy worries. The Portfolio is 25% net long heading into the day.
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