Bloomberg:
- Top-ranked golfer Tiger Woods earned almost $87 million last year and should become the sport’s first billionaire by 2010, according to a study by Golf Digest.
- An improvised bomb was found in a Starbucks(SBUX) coffee shop in San Francisco. The bomb was safely detonated today by city police.
- Geely Automobile Holdings Ltd. became the first Chinese automaker to display vehicles at the Detroit auto show, part of an effort to drum up publicity for its plan to sell a $10,000 car in the US.
- South Korean scientist Hwang Woo Suk faked both his first and second papers on human stem-cell research, dashing hopes that his work is a breakthrough in treatments for diabetes and Parkinson’s disease.
Financial Times:
- Kirk Kerkorian adviser Jerry York will urge (GM) to reduce its dividend, citing people familiar with the move.
Yonhap News:
- North Korean leader Kim Jong Il is visiting China.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on (TXN), (IDIX), (TRI) and (BSX).
- Reiterated Underperform on (ECL) and (PETM).
Night Trading
Asian Indices are -.75% to +.25% on average.
S&P 500 indicated -.25%.
NASDAQ 100 indicated -.28%.
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
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Rasmussen Consumer/Investor Daily Indices
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Earnings of Note
Company/EPS Estimate
(DNA).34
(SVU).50
(USM).38
(OXM).61
Upcoming Splits
(CERN) 2-for-1
Economic Releases
10:00 am EST
- Wholesale Inventories for November are estimated to rise .5% versus a .2% increase in October,
BOTTOM LINE: Asian indices are mostly lower on profit-taking after recent gains. I expect US equities to open mixed and to rally modestly into the afternoon. The Portfolio is 100% net long heading into the day.
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