By Taryn Cooper, at 8:03 am on September 10th, 2009
Hey, did you hear Steve Jobs made an appearance at the Apple event yesterday?
What can I tell you this morning?
Futures are pointing to a lower open this morning, with S&P 500 futures at 1,031, Nasdaq 100 futures at 1,665 and Dow Jones Industrial Average slipping 15 points. Oil futures gained this morning.
Overseas, the Abu Dhabi bourse gained and the Nikkei posted its biggest one-day gain in two weeks, while European stocks turned lower.
Corporate restructurings news also came from overseas this morning, as Daiwa announced they would buy Sumitomo Financial Group’s stake in its joint venture Daiwa Securities SMBC, in a deal valued at $2.2 billion. The Board of General Motors has also recommended Magna as the buyer of its Opel unit.
Keep your eyes on Texas Instruments and Monsanto today, as TI lowered its forecast and MON confirmed its earnings would come in the lower range this quarter.
Check out news on President Barack Obama’s speech last night on health care reform. Expected report from the Labor Department on jobless claims due at 8:30 am EST.
Have a great day!
By Taryn Cooper, at 7:56 am on September 9th, 2009
Today is 09-09-09. Besides Beatles’ Rock Band being released and the Apple Inc event, what else is going on?
Futures are pointing to a slightly weaker opening after a three-day gain, with the S&P 500 at 1,025, Dow Jones at 9,490 and Nasdaq 100 at 1,653. According to CNBC this morning, some stocks to watch today include General Electric (GE), DuPont (DD), United Parcel Service (UPS), UBS AG and Kraft Foods.
The Federal Reserve is releasing it’s “Beige Book” report today, detailing its outlook on the economy.
In an interesting turn of events, Goldman Sachs CEO Lloyd Blankfein is calling for stricter pay rules, including banning multi-year contracts and discouraging excessive risk taking. I’m sure that makes him a big fan on the banking floors. On the flip side, European bankers are criticizing bonus crackdowns.
President Barack Obama is due to speak to Congress tonight on the state of the healthcare bill.
By Taryn Cooper, at 7:55 am on September 8th, 2009
Morning, all and welcome to Raked Insights. It seems as though we turn our backs for a minute, and there goes the neighborhood.
Last week, we saw some news on Disney buying Marvel, which suggested a coming out of the bottoming of a merger market. Reports came out over the long holiday weekend that Kraft Foods has put in a bid for Cadbury this weekend…but NOW as turn on our morning Squawk Box News, New York Times Deal Book Hershey Foods may be looking at a counterbid for the U.K. confectionary. Insanity, I tells ya. Stay tuned, as this could provide storylines worthy of merger mania.
Before the bell, futures suggest a higher open, S&P 500 up 12 to 1,026, Nasdaq 100 up 20 to 1,655 and Dow Jones rose 98. Gold futures hit $1,000/ounce as well.
Though this was a short week, the economic calendar is pretty busy. Fed’s Beige Book on Wednesday, China PPI and CPI/Retail sales are due out Thursday morning, and OPEC will hold a meeting on Wednesday as well.
And be prepared to hear LOTS of retrospectives on the banking collapse of 2008 (don-don-donnnnnnn) this week, with MarketWatch getting in on the fun with their Lehman Brothers special report. What we should be reading, though, is the next potential bubble in bundling life insurance policies, reported by the NY Times in their Sunday Business section.
Welcome back everyone!
By Taryn Cooper, at 7:46 am on September 4th, 2009
What’s going on this morning? The big news prior to this holiday weekend is that the unemployment numbers are due to come out 8:30 am EST. Early reports suggest that payrolls potentially rose 9.5% to 9.4%, posing a threat to consumer spending.
Futures are higher this morning in anticipation of this news, the Dow is up 32 points, S&P 500 up 5, and Nasdaq up 9. European shares are up this morning, ahead of the jobs data.
MarketWatch suggests watching H&R Block, Total SA and Ford Motor this morning.
Have a great weekend!
