- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
TRADER TALK RSS FEED
MOST SHARED
- Banks Play Down Dubai Exposure, Investors Still Wary
- No Thanksgiving Rest for Retailers in Sales Race
- UK's Darling to Downgrade 2009 Growth Forecast
- More Asia Executives Resigned to Economy Flights: Survey
- Attraction of Switzerland to Businesses
- US Markets Bracing for Selloff On Worries About Dubai's Debt
- Oil Falls Below $74 on Dubai Default Worries
- Dubai Debt Delays Revive Fear of Financial Crisis
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Car Insurance Scofflaws Raise Health Reform Doubt
- Rush Starts as Holiday Shopping Season Revs Up
- US Markets Bracing for Selloff on Dubai Debt Worries
- US Dollar Falls to 14-Year Low Against the Yen
- ING Prices Share Issue at Hefty Discount
- UK's Darling to Downgrade 2009 Growth Forecast
- Tommy Hilfiger's Estate in Conn. Sells for $20 Million
- Cheap Robotic Hamsters Are Holiday's Unlikely Craze
- Fannie Mae to Tighten Lending Standards: Report
More Videos
Trader Talk
Text Size 
At least there was some good economic news today: both CPI and core CPI were below expectations, so inflation concerns are indeed receding.
Futures rallied nearly 15 points on the news. S&P futures have swung in a 50-point range this morning.
Switzerland is taking a nearly 10 percent stake in UBS (6 billion francs); Credit Suisse said it would raise 10 billion francs from several investors, including Qatar.
Credit Suisse [CS
Loading...
()
]up 13 percent pre-open; UBS [UBS
Loading...
()
] up 11 percent.
Remember, this is an options expiration week and it is definitely adding to the volatility.
Elsewhere:
1) financial company earnings are basically in line with expectations.
--Citi [C
Loading...
()
]reported a loss of $0.60, beating estimates by $0.10.
--Merrill Lynch [MER
Loading...
()
] reports a loss of $5.56, pretty awful but now far from the expectations of a loss of $5.22
The shareholder vole on the the Bank of America [BAC
Loading...
()
] deal will come in mid- to late November, CEO John Thain said.
--PNC Bank[PNC
Loading...
()
] , the largest bank in Pennsylvania, reported earnings below expectations, as revenues declined and bad loans increased.
--BB&T[BBT
Loading...
()
] , one of the largest banks in the Southeast, reported earnings of $0.65, in line with expectations. They went out of their way to note that their risk-based capital ratios are "significantly" higher than an average of its peers.
- As Recession Looms, Pressure on Fed to Cut More
- Bernanke: Credit Crisis A Major Threat
- Fed Officials Warn of Recession Risk
- Credit Thaws, but Recession Fears Rise
- Shoppers To Constrain Spending: NRF
- America's Rich Feel Bite of Financial Crisis
--Bank of New York Mellon [BK
Loading...
()
]reported earnings above expectations
2) Other earnings reports were basically in line as well:
--United Technologies[UTX
Loading...
()
] was in line with expectations; they raised the low end of guidance for the full year but are still in line with expectations.
--Illinois Tool Works [ITW
Loading...
()
]reported earnings of $0.85, 2 cents shy of expectations; fourth quarter guidance was in line with expectations.
_____________________________
New from CNBC.com:
_____________________________
Questions? Comments?
POPULAR TRADER TALK POSTS
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
Data is a real-time snapshot *Data is delayed at least 15 minutes