Waking up With Nicole Lapin


Happy hump day eve—c'mon, I'm trying here. Here's what you missed while I was manning the graveyard:

SHRINKAGE: UK GDP came in at -0.5% versus estimates of a +0.5%- Osborne blames snow but says he's not changing his fiscal tune.

RATE DAY: Nada from BOJ, reiterating that rates will be close to zero for a while. The RBI is hiking its key interest rate a quarter point, the 7th since March.

FLIRTING: We can see the 12k Dow mark and the 1300 S&P mark- based on futures, doesn't look like today is the day.

S-PAIN: Spanish finance minister Elena Salgado says the government will take over still-struggling savings banks and gives them all until September to boost core captial ratios to 8%.

AFTER DARK: AmEx fell 1% afterhours—an uncertain regulatory outlook and the antitrust suit trumped Q4 profits jumping 48%. TI's profits also jumped, but margins disappointed.

MORNING WOOD: S&P Case Shiller home price index is out at 9 am. Prices are forecast to drop 1.2% in November.

DOW POW: DuPont just came in with good numbers and raised its forecast. J&J, 3M, Travelers, Verizon have results on deck.

BIG BEN: Today is the start of The Fed's 2-day meeting. Thanks for the market love, but where are the jobs Helicopter Ben? 99ers hit the 1.4million mark today.

PLATINUM ARCHES: McDonald's is raising the price of some menu items to offset higher commodity costs. Thankfully, you're never too old for a happy meal.