Thursday, September 20, 2007

Morning Note...

Futures looking lower on some profit taking after 2 strong post-Fed days.  

GS reported great numbers.  BSC reported well below expectations as a result of mortgage exposure.

Jobless claims came in lower (311,000) than last week’s 320,000.  Also worth nothing that during recessionary periods, jobless claims typically run at 450,000 per week…

Oil above $82.  Ten year yields 4.59%.  

Announced Deals: Nasdaq for OMX SS (Sweden) and Borse Dubai acquires 20% of Nasdaq and 28% of LSE.  

Rockbay News:  Mobile Satellite Ventures (SKYT) awarded 2 patents in Canada and 2 in Australia, ABN Amro CEO hints at preference for Barclays bid since it would keep ABN Amro intact, Harbinger Capital raises stake in Terrestar to 44.7%, Fortis to launch rights issue Friday to finance ABN Amro bid, dR reports FINL may face legal action from GCO, BEST expects approval on CCU vote, MI Developments reported a 58.3% stake in Magna Entertainment (MECA) and said it would consider the acquisitions of certain real estate assets of the company

Vito’s Advanced Trivia:  Best guess… How long is the Great Wall of China?

Yesterday’s Answer:  Ayers Rock, Australia   Lotus Temple, Delhi  Fountain of Trevi, Rome