Bloomberg:
- Microsoft(MSFT) grabbed 15% of the retail market for computer anti-virus software in June, taking sales from Symantec(SYMC) and McAfee(MFE) after releasing its own product in April.
- Dell Inc.(DELL) is recalling 4.1 million notebook PC batteries that may burst into flames.
- Japanese Prime Minister Koizumi visited the Yasukuni Shrine on the anniversary of Japan’s surrender in WWII, drawing a protest from China.
- Japan’s service economy slowed for the first month in three, as construction companies had fewer orders and rising fuel prices curbed consumer spending.
- China’s industrial production rose last month at the slowest pace since April as increasing fuel costs crimped demand for cars.
Wall Street Journal:
- Direct foreign investment in China fell 1.2% in the first seven months of this year.
- BP Plc(BP) may link the closed eastern part of its Prudhoe Bay oil field, in Alaska, to a nearby pipeline so as to get production going again in October, citing Craig Wiggs, a field manager for BP Alaska.
ABC News:
- Charitable funds intended to help victims of earthquake recovery efforts in Pakistan may have been diverted to help fund the alleged plot to explode aircraft over the Atlantic Ocean.
Xinhua News:
- China’s chemical emissions rose in the first six months this year amid a drive to reduce pollution, which may force the government to suspend approvals for some new power projects.
Australian:
- Microsoft(MSFT) will allow business customers to pay by installments for its Windows Vista and Office 2007 products.
Late Buy/Sell Recommendations
CSFB:
- Rated (GLW) Outperform, target $24.
Night Trading
Asian Indices are -.25% to +.25% on average.
S&P 500 indicated +.08%.
NASDAQ 100 indicated +.15%.
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
- (ANF)/.71
- (AEOS)/.46
- (AMAT)/.30
- (BRL)/.73
- (BJ)/.38
- (DE)/1.81
- (DKS)/.44
- (FOSL)/.12
- (HAR)/1.07
- (HD)/.92
- (PETM)/.28
- (SKS)/-.19
- (SNDA)/.06
- (SPLS)/.22
- (TJX)/.27
- (WMT)/.72
Upcoming Splits
- (CSX) 2-for-1
- (GRMN) 2-for-1
- (GISX) 2-for-1
- (OXY) 2-for-1
Economic Releases
8:30 am EST
- The Producer Price Index for July is estimated to rise .4% versus a .5% increase in June.
- The PPI Ex Food & Energy for July is estimated to rise .2% versus a .2% gain in June.
- Empire Manufacturing for August is estimated to fall to 14.9 versus a reading of 15.6 in July.
9:00 am EST
- Net Foreign Security Purchases for June are estimated to fall to $67.5 billion versus $69.6 billion in May.
1:00 pm EST
- The NAHB Housing Market Index for August is estimated to fall to 38 versus a reading of 39 in July.
BOTTOM LINE: Asian indices are mixed as gains in technology shares are offsetting losses in commodity stocks in the region. I expect US equities to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 75% net long heading into the day.
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