- The New Dow Target
- Wall Street Fears Dodd Bill
- Have Loan Losses Peaked for European Banks?
- Dow Industrials at New Highs—But Other Indices Lag
- Risk Trade Is Back On
- HMOs Up Despite Looming House Vote
- What The Street Thinks of The Jobless Report
- Friday It's All About Jobs, Jobs, Jobs
- October Retail Sales—The Good, Bad and Ugly?
- When Good News = Good News
TRADER TALK RSS FEED
MOST SHARED
- China Signals That It May Allow Currency to Rise Against Dollar
- Short Sales Stall
- Gold Hits Record High Above $1,115 as Dollar Slides
- 5% of Americans Plan to Buy a Home Next Year
- Website Launches That Gives Free Access to Concerts
- Glaxo Wins FDA Approval to Sell H1N1 Vaccine
- UPS Sees 2010 Volume Growth, Higher Rates
- S&P Must Hit 1,101 to Stay Up: Charts
- Bring on Tougher Regulation: S&P Owner
- Commercial Real Estate Best Place For Money: Strategist
- Schork Oil Outlook: Nat Gas Bulls Didn’t Stand A Chance
- Enterprise Tech Companies to Focus On: Portfolio Manager
- Agassi Book Buzz Paying Off Early
- Cadillac Converj Smart Extension of Volt
- This Chemical Company Will Rally into 2010: Trader
- 3 Safe Investments That Let You ‘Sleep Better:’ Strategist
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- Macy's Loss Beats Estimates, But Shares Fall on Outlook
- AIG CEO Ready to Quit over Pay Constraints: Report
- Pay Caps Make it Hard for GM to Hire Execs: Whitacre
- Tresury Report Says $209 Billion Left in TARP Funds
- Unemployment May Cause Loan Defaults in US: Zoellick
- UPS Sees 2010 Volume Growth, Higher Rates
- Sen. Dodd: Fed Should Return To 'Core Functions'
- Just 1 in 20 Plan to Buy a Home Next Year: Survey
- Website Launches That Gives Free Access to Concerts
More Videos
Trader Talk
Text Size 
1) Oil continues to trend downward, and airlines are again among the most actively traded pre-open (I noted yesterday that oil is down 27 percent since its July highs but the S&P 500 is only up about 5 percent since its July lows);
2) the dollar rally continues, with the euro/dollar challenging the January lows;
3) mortgage rates have fallen to a 7 week low of 6.39 percent, and as a result applications to purchase homes rose 10.5 percent.
4) Home Depot [HD
Loading...
()
]CEO Frank Blake said “we’re getting awfully close to the bottom” of the housing downturn.
Still, looking for signs of a global slowdown has become something of a sport on Wall Street. Two signs today:
1) LG Display, a maker of LCD screens, said it would keep output at only 90 percent due to sluggish demand worldwide for flat panel TVs and computers. On top of slower demand, TV makers have been embroiled in a bitter price war that is squeezing margins for everyone in the business.
(Contd.)
_____________________________
New!
_____________________________
2) Paul Jacobs, Qualcomm's [QCOM
Loading...
()
] CEO executive, speaking on our air this morning, said there were some signs that consumers globally were holding onto their phones a little longer than expected before turning them in for newer models.
Elsewhere:
1) commodity hedge fund manager Ospraie Management said it would close its flagship fund. Lehman owned 20 percent of the fund. Separately Korea Development Bank proposed buying 25 percent of Lehman for up to $3.5 billion, according to newspaper reports.
2) GM [GM
Loading...
()
] President and COO Fritz Henderson said he expected vehicle sales in the U.S. to fall to the low-14 million level, down from 16 million last year. Separately, the company said they were extending the Employee Discount For Everyone plan for another month.
3) Furniture seller Ethan Allen [ETH
Loading...
()
]down 6 percent, they announced earnings would be below expectations, noting that sales volumes were "substantially lower" in July and August.
4) ConAgra [CAG
Loading...
()
]down 7 percent as they also announced earnings would be below expectations due to underperformance in the Consumer Foods division due to higher costs. Merrill Lynch[MER
Loading...
()
] and JP Morgan [JPM
Loading...
()
]lowered their rating.
_______________________________________
CNBC's Names in the News:
(Click on ticker for headlines)
Morgan Stanley [MS
Loading...
()
]
Coca Cola [COKE
Loading...
()
]
_______________________________________
Questions? Comments?
- The New Dow Target
- Wall Street Fears Dodd Bill
- Have Loan Losses Peaked for European Banks?
- Dow Industrials at New Highs—But Other Indices Lag
- Risk Trade Is Back On
- HMOs Up Despite Looming House Vote
- What The Street Thinks of The Jobless Report
- Friday It's All About Jobs, Jobs, Jobs
- October Retail Sales—The Good, Bad and Ugly?
- When Good News = Good News
Data is a real-time snapshot *Data is delayed at least 15 minutes