Bloomberg:
- North Korea fired at least six missiles over the Sea of Japan today, defying demands by the US, China, Japan, South Korea and Russia to refrain from such tests.
- The space shuttle Discovery blasted off with a roar to rival any fireworks show as NASA carried out its first-ever Independence Day launch.
- The yen fell to a record low versus the euro and dropped against the dollar after Japan said North Korea fired missiles over the Sea of Japan.
- Oracle Corp.(ORCL) plans to acquire companies in Asia to grab market share from SAP AG(SAP).
Financial Times:
- EBay Inc.(EBAY) is attempting to build software tools that help Internet bloggers insert product listing into their own Web sites.
Australian:
- Burma’s military junta has attempted to buy nuclear weapons technology from North Korea in an alliance that presents a new threat to regional security.
Late Buy/Sell Recommendations
- None of note
Night Trading
Asian Indices are -.50% to +.50% on average.
S&P 500 indicated -.21%.
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
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
Company/EPS Estimate
- None of note
Upcoming Splits
- (INTU) 2-for-1
- (WOS) 2-for-1
Economic Releases
10:00 am EST
- Factory Orders for May are estimated to rise .1% versus a 1.8% decline in April.
BOTTOM LINE: Asian indices are mostly lower, weighed down by exporting stocks in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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