Bloomberg:
- The US government announced it agreed on a "framework" for a partnership to address climate change with China, Australia and three other countries that will help companies find a "profitable way" to cut greenhouse gases.
- US negotiators will today begin drafting principles that may lead to an accord with North Korea over the destruction of the communist state's nuclear weapons, said a senior official.
- The US House of Representatives approved the Central American Free Trade Agreement, overcoming objections by unions, sugar producers and textiles makers in what became the most contentious trade fight in Congress in a decade.
London-based Times:
- A record number of hedge funds were started up in the first six months of 2005, attracting over $13 billion in new capital, citing a survey by data provider Eurohedge.
- Morgan Stanley CEO Mack plans to turn around the bank's Dean Witter brokerage arm by cutting jobs and pursuing wealthier clients.
Financial Times:
- Cnooc Ltd. is considering a pledge to sell all Unocal's US assets, including
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on MUR, DO, MCK, MWV, SBUX and WLP.
- Reiterated Underperform on GM and APU.
Night Trading
Asian Indices are unch. to +.75% on average.
S&P 500 indicated -.02%.
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
ATVI/-.02
AET/1.08
AMT/-.08
ABX/.08
BZH/2.05
CELG/.14
DOW/1.22
XOM/1.24
KLAC/.48
MRO/1.57
MFE/.25
MERQ/.33
MGM/.43
NOC/.88
PD/4.25
SYMC/.25
WFMI/.57
XMSR/-.70
Upcoming Splits
None of note
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to rise to 318K versus 303K the prior week.
- Continuing Claims are estimated to rise to 2591K versus 2577K prior.
10:00 am EST
-The Help Wanted Index for June is estimated to rise to 38 versus a reading of 37 in May.
BOTTOM LINE: Asian indices are higher on more earnings optimism in the region. I expect US equities to open modestly higher on gains in Asia and strong earnings reports. The Portfolio is 100% net long heading into the day.
No comments:
Post a Comment