- 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
- Retail And Jobs Lift Mood
TRADER TALK RSS FEED
MOST SHARED
- JPMorgan Chase to Hire 1,200 Mortgage Officers
- Herbalife Vs. Hedge Funds
- Apple Surpasses Nokia as Top Cellphone Maker by Profits
- Gold Heading to $1150: Art Hogan
- Parsing Treasury's Loan Modification Report
- Cramer Jeers J&J, Applauds Abbott
- Adobe Cuts 680 Jobs, to Take Charge
- Toll Brothers: More Contracts Signed, but Sales Down
- Starbucks Brews Up Growth
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- Starbucks Brews Up Growth
- Farr: An Extended Period—No Fat Lady in Sight
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- Apple Surpasses Nokia as Top Handset Maker by Profit
- In This Relay-Race Market, Who Gets Baton Next?
- Workers Staying Put at Their Jobs as Jobless Surges
- Three Things the US Can Do To Stop the Dollar's Decline
- Toll Brothers: More Contracts Signed, but Sales Down
- Fed's Lacker: US in a 'Good Place' With Inflation
- Bear Stearn Fund Managers Not Guilty on All Counts
- Ponzi Proceeds: Bidding on Madoff's Toys
- Commodity ETFs: Returns May Not Match Expectations
More Videos
Trader Talk
Text Size 
The futures are indicating a modest oversold bounce this morning. This comes after the Dow set another 6-year low on Friday and finished the week with its worst week since October.
In its quarterly monetary policy report released today, China’s central bank warned of deflation risks. The report states, "At present, the power to push prices up is weak, and the downward pressure is relatively strong. Deflation risks are relatively big."
Citigroup [C
Loading...
()
] is up 8% pre-open on reports that it is in discussions with the U.S. government for it to boost its stake in the bank to as much as 40%. To do so, the government would convert much of its preferred shares into common stock. While this would certainly dilute the equity of common shareholders, it would fall short of full nationalization of the bank. On Friday, Citi, along with many of the banks, plunged midday on fears that the government was contemplating full nationalization of some banks.
Other U.S. banks are also up strongly ahead of the bell: Bank of America up 12%, Wells Fargo up 8%, SunTrust Banks up 7%, U.S. Bancorp up 5%, JPMorgan up 4%.
Gold stocks are down around 2% pre-open, as gold falls about $17 after settling above $1,000 on Friday.
In other news:
Japan’s Nikkei reports that Toyota [TM
Loading...
()
] plans to cut production about 20% this year to 6.5 million vehicles. This would be the first time in 5 years that production has fallen below 7 million units.
HMO Humana [HUM
Loading...
()
] is down 9% in pre-market trading as the company said it is concerned that preliminary 2010 Medicare Advantage payment rates from the government would have “significant adverse impact” on premiums for the company’s Medicare Advantage members. The company will continue to closely analyze the rates, but has for now reaffirmed its full year earnings guidance of $5.90-$6.10 in line with analysts’ estimates of $5.93.
U.S. Airways [LCC
Loading...
()
] will resume offering complimentary non-alcoholic beverages on its domestic flights beginning March 1. The change comes amid competitive pressures. Last year, the carrier was the first and ultimately only domestic airline that charged coach passengers for soft drinks, as other airlines resisted enacting a similar policy on their flights.
This post was written by CNBC producer, Robert Hum
_____________________________
_____________________________
Questions? Comments?
- 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
- Retail And Jobs Lift Mood
Data is a real-time snapshot *Data is delayed at least 15 minutes