Bloomberg:
- China’s government said an outbreak of avian influenza occurred in the eastern province of Anhui.
- Hurricane Wilma headed into the Atlantic Ocean after its path across southern Florida knocked down trees and power lines and flooded low-lying areas.
- Rosa Parks, the black woman whose 1955 arrest for saying “no” to an order to giver her bus seat to a white man served as a catalyst for the US civil-rights movement, died at the age of 92.
Wall Street Journal:
- Telefon AB LM Ericsson plans to buy Marconi’s telecommunications network-equipment unit for $2.12 billion.
- Wyeth asked the US to look into the sale and marketing of combinations of plan-based hormones to relieve menopause symptoms.
China Daily:
- Nokia Oyj plans to sell low-priced mobile phones in rural China to tap the country’s less-developed regions.
Japan Metal Daily:
- Chinese steelmakers such as Anshan Iron & Steel Group are cutting prices in Japan to try to sell more steel amid a slumping domestic market.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on RE and EBAY.
- Reiterated Underperform on TCO.
Night Trading
Asian Indices are +.25% to +1.0% on average.
S&P 500 indicated -.09%.
NASDAQ 100 indicated -.22%.
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
AMZN/.10
AMTD/.22
AV/.17
BLS/.46
EAT/.47
BNI/1.00
CKFR/.39
CME/2.21
CHIR/.45
CB/.44
COH/.25
CA/.24
ESV/.47
FFIV/.38
FLEX/.19
HCA/.61
LM/.96
LXK/.47
LMT/.90
NOC/.69
JOE/.57
SWK/.86
Upcoming Splits
- None of note
Economic Releases
10:00 am EST
- Existing Home Sales for September are estimated to fall to 7.20M versus 7.29M in August.
- Consumer Confidence for October is estimated to rise to 88.0 versus a reading of 86.6 in September.
BOTTOM LINE: Asian indices are higher, boosted by exporting companies in the region. I expect US equities to open mixed and to rise modestly later in the day. The Portfolio is 100% net long heading into the day.
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