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Stocks General Motors Co

  • Chrysler's finance arm said Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy.

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    The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.

  • Our traders are good - but you knew that! Check out their latest picks that paid.

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    The Dow closed lower on Friday after General Motors reported hefty losses and new data showed U.S. employers cut jobs for the seventh straight month.

  • When we decide to make the switch away from dirty, environmentally unfriendly oil, these companies will help make it happen.

  • Stocks started the month off with a decline as a rise in oil and larger than expected loss from  General Motors rekindled worries about the economy.

  • For the week ending Friday, August 1, 2008, the markets finished relatively flat after a turbulent week that saw 4 straight days of triple-digit moves on the Dow.  An early rally was dampened by weak economic data including weaker-than-expected GDP numbers and a rise in the unemployment rate. 

  • Ugly Auto Sales

    The July sales rate dropped to it's lowest level since April of '92. Last month, the sales pace was 12.55 million. More than a million units slower than June. And unlike June nearly every automaker was down in July.

  • Lots of volatility, but major indices flat for the week: Dow down 0.4 percent, S&P up 0.2 percent, NASDAQ flat.

  • Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.

  • Oil Pump

    Oil prices settled slightly higher Friday, clawing back above $125 a barrel after Israel raised new concerns about Iran's nuclear program. But more concerns that high prices are eating into demand limited the gains.

  • The stocks are showing only modest reaction to poor sales. Bulls will cite this as evidence that even a GM (down 5 percent, modest compared to its awful report) may be bottoming; bears say the outlook is so cloudy this could get even worse for them.

  • Forget capitulation -- it's time to buy equities! Arthur Cashin of UBS offers CNBC a sample of what traders are saying -- straight from the trading floor.

  • Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.

  • Woman looks at new Toyota Camry on dealer lot

    U.S. auto sales tumbled in July, reflecting a deepening downturn in the industry, with tight credit and weak consumer confidence driving General Motors, Ford Motor and Toyota Motor to post double-digit declines.

  • What's the value of analyst estimates? Look at the enormous differences between actual earnings and analyst estimates for a couple of recent companies.

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    We knew GM's second quarter earnings would be ugly, but I'm not sure many people expected this kind of number. Certainly Wall Street didn't since the estimate was for GM to lose $1.489 Billion. Turns out Gm's loss was 4 times worse: $6.3 Billion.

  • Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.

  • Significant losses in GM North America, the strike at American Axle, and continued losses at GMAC Financial were just a few of the problems. They say they have access to $26 billion in liquidity, and insist that they have enough liquidity to last through 2009.

  • European stocks fell on Friday, knocked lower by a sharp drop in mining shares that followed falling metal prices, while automakers retreated after a profit warning from BMW and GM's massive loss.