Bloomberg:
- The US Senate took a step toward authorizing the administration to negotiate lower drug prices under the Medicare health program for the elderly and disabled.
- The US economy is heading toward a “highly desirable” path, with inflation likely to stay in check and the country close to full employment, San Francisco Federal Reserve Bank President Janet Yellen said.
- Goldman Sachs Group(GS) ended a 10-year alliance with its Indian partner to set up its own subsidiary, seeking to tap “tremendous growth” in Asia’s fourth-largest economy.
Financial Times:
- Google Inc.(GOOG) plans to provide European retailers a base from which to market and sell products on the Internet.
- Afghanistan may have more oil and gas than previously thought, citing a survey by the US Geological Survey and the Afghan Ministry of Mining and Industry.
Late Buy/Sell Recommendations
- None of note
Night Trading
Asian Indices are -.25% to +.50% on average.
S&P 500 indicated -.11%.
NASDAQ 100 indicated -.20%.
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
- (ADRX)/.20
- (BKS)/1.75
- (BSC)/2.95
- (BGP)/1.76
- (CTAS)/.46
- (DRC)/.38
- (PTEN)/.73
- (PETC)/.45
- (PDE)/.29
- (TEK)/.33
- (TIE)/.40
- (USM)/.38
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- The Consumer Price Index for February is estimated to rise .1% versus a .7% increase in January.
- The CPI Ex Food & Energy for February is estimated to rise .2% versus a .2% increase in January.
- Housing Starts for February are estimated to fall to 2030K versus 2276K in January.
- Building Permits for February are estimated to fall to 2110K versus 2216K in January.
- Initial Jobless Claims for last week are estimated to fall to 298K versus 303K the prior week.
- Continuing Claims are estimated to fall to 2500K versus 2506K prior.
12:00 pm EST
- Philly Fed. for March is estimated to fall to 13.5 versus a reading of 15.4 in February.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology shares in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.
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