Bloomberg:
- Time Warner’s CNN said anchor Aaron Brown will leave the company and Anderson Cooper will take over his time slow, extending a series of “staffing changes” CNN has made to regain viewers lost to Fox News Channel. CNN averaged 1 million US primetime viewers last month, compared with 1.9 million for Fox News, according to Nielsen Media Research.
Futures Daily:
- China will release copper supplies from its official stockpiles to ease a domestic shortage.
Financial Times:
- The US government may today say it will change how it defines control of an airline to make it easier for US carriers to access foreign finance.
AFP:
- Gangs of youths clashed with French police for a seventh night as violence spread in Paris suburbs.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on MYOG.
- Reiterated Underperform on MHX, BMC and IHR.
Night Trading
Asian Indices are -.25% to +.75% on average.
S&P 500 indicated -.03%.
NASDAQ 100 indicated -.06%.
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
AMT/-.03
ABC/.93
BDX/.70
BYD/.51
CELG/.12
CLX/.70
CMCSA/.14
CSC/.67
CVS/.30
HET/.99
SLE/.27
SINA/.23
WMB/.25
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- Preliminary 3Q Non-farm Productivity is estimated to rise 2.6% versus a 1.8% rise in 2Q.
- Preliminary 3Q Unit Labor Costs are estimated to rise 1.8% versus a 2.5% gain in 2Q.
- Initial Jobless Claims for last week are estimated to rise to 330K versus 3228K the prior week.
- Continuing Claims are estimated to fall to 2898K versus 29024K prior.
10:00 am EST
- ISM Non-Manufacturing for October is estimated to rise to 57.0 versus a reading of 53.3 in September.
- Factory Orders for September are estimated to fall 1.0% versus a 2.5% rise in August.
- Pending Home Sales for September are estimated to fall 1.8% versus a 3.2% rise in August.
BOTTOM LINE: Asian indices are mostly higher on strength in technology companies in the region after Samsung boosted forward guidance. 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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