Bloomberg:
- The United Nations is investigating about 200 allegations of fraud in its purchase of “tens of millions” of dollars of equipment, supplies and services for 18 peacekeeping operations.
- Shares of Japan’s Liverdoor Co. are poised to fall by their daily limit for a sixth day after Takafumi Horie, the Internet company’s 33-year-old president, was arrested on allegations of violating securities laws.
- BHP Billiton(BHP), the world’s biggest mining company, had record copper and nickel production in the second quarter.
- Stephen Harper led Canada’s Conservatives to their first national election win in 18 years over the Liberal Party, according to projections from three television networks.
International Oil Daily:
- India’s oil demand in the year to March 2006 may decline .5% because of lower naphtha consumption as substitution to natural gas occurs.
Financial Times:
- Advertised job vacancies in London’s financial district increased 52% in the first two weeks of 2006, citing research by recruiter Morgan McKinley Ltd.
Business Standard:
- Tata Consultancy Services Ltd. is in talks to buy software developers in the US specializing in health-care and pharmaceutical services.
AFP:
- Kuwait’s Emir Sheikh Saad al-Abdullah al-Sabah will abdicate and the Prime Minister Sheikh Sabah al-Ahmad al-Sabah will take over as the country’s ruler, citing a government official.
Sing Tao Daily:
- China may ban private investment in the automobile industry due to overcapacity and plans to restrict approvals for new factories as well as expansion plans, citing the Economic Observer.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on (SGMS), (BAC), (SYMC), (TYC), (DKS) and (EBAY).
Night Trading
Asian Indices are unch. to +1.25% on average.
S&P 500 indicated +.03%.
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
(MMM)/1.03
(AVB)/.86
(AVY)/.84
(BJS)/.47
(EAT)/.46
(BNI)/1.16
(CDWC)/.84
(CTX)/2.48
(CKFR)/.41
(CNF)/1.00
(COH)/.44
(CA)/.24
(CVG)/.14
(GLW)/.22
(CSX)/.90
(EMC)/.17
(EXC)/.73
(GDW)/1.24
(HMA)/.34
(IMCL)/.28
(JNJ)/.73
(KMB)/.95
(LM)/1.03
(LXK)/.50
(LU)/.04
(MCD)/.48
(NOC)/.83
(NFLX)/.18
(RYL)/3.12
(SAFC)/1.28
(TDW)/.95
(UTX)/.70
(WAT)/.64
Upcoming Splits
- None of note
Economic Releases
10:00 am EST
- The Richmond Fed Index for January is estimated to rise to 5 versus a reading of -2 in December.
BOTTOM LINE: Asian indices are higher, boosted by Internet companies in the region. I expect US equities to open mixed and to rally later in the day, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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