Bloomberg:
- Billionaire investor Carl Icahn said he owns 9.3% of Fairmont Hotels & Resorts and wants the luxury-hotel operator to boost returns to shareholders by selling properties.
- Australian police arrested 17 people in Sydney and Melbourne for allegedly stockpiling explosive chemicals and planning a “catastrophic” terrorist attack.
- The euro is falling to a two-year low against the dollar in Asia on concern rioting that has escalated in France over the past week will spread to other parts of Europe.
- Google and Yahoo! are expanding the content they offer on mobile phones, a further sign of the growing connection between the Web and wireless services.
- Crude oil is trading near a three-month closing low in NY as warmer-than-normal weather in the northern US is further reducing demand for heating fuel.
Financial Times:
- Anheuser-Busch has set up it first spirit-making subsidiary, Long Tail Libations, to meet a fall in demand for beer.
Shanghai Securities News:
- China and the US today will sign an agreement in Geneva to cap growth in imports of Chinese textiles for the next three years, resolving a dispute between the two nations.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on EBAY.
- Reiterated Underperform on HRB.
Night Trading
Asian Indices are -.25% to +.50% on average.
S&P 500 indicated -.08%.
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
AL/.48
AQNT/.10
CVC/-.08
CMX/.51
DISH/.47
ENER/-.13
FSH/.88
FOSL/.28
HW/.81
IDTI/.06
IVX/.22
MBI/1.38
MCK/.48
PIXR/.11
SOHU/.20
TOL/1.58
RIG/.47
Upcoming Splits
- None of note
Economic Releases
- None of note
BOTTOM LINE: Asian indices are mostly higher, spurred by gains in exporters in the region after oil fell to a three-month low. I expect US equities to open mixed-to-higher as stocks continue to consolidate recent gains before what I believe will be another push higher. The Portfolio is 100% net long heading into the day.
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