Investors and traders alike look towards employment numbers for a more in depth look at the true health of the economy. On Wednesday the ADP reports private employment numbers and on Friday the unemployment and nonfarm payroll data are also reported. Notable earnings for the week include Pfizer (PFE), Mastercard (MA), Comcast (CMCSA), and General Motors (GM). All eyes on…
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America’s debt weakens us domestically…
Van Eck Hotline on Money and the Economy For: Friday, July 29, 2011 (800) 219-1333. VetHotline@aol.com. There is certainly a lot to talk about today. Down in Washington, the Democrats and Republicans are slugging it out over the remaining differences in their plans for the budget. The two sides are a lot closer than the media likes to claim. Some…
Home Depot Co-founder Langone: Obama’s ‘Unpresidential’ Behavior Destroying Economy, Country Thursday, 28 Jul 2011 09:22 AM By Forrest Jones The United States will work its way through the debt ceiling crisis and probably avoid a default but President Barack Obama’s “unpresidential” behavior during the process has fueled division and suspicion to the extent that the damage of his actions will…
Home Depot Co-Founder: Obama Is Choking Recovery By JOHN MERLINE, INVESTOR’S BUSINESS DAILY Posted 07/20/2011 06:35 PM ET HD Home Depot Inc * Top-Rated Company Bernie Marcus co-founded Home Depot (HD) in 1978 and brought it public in 1981 as the U.S. was suffering from the worst recession and unemployment in 40 years. The company thrived, creating hundreds of thousands…
Pimco’s El-Erian: US May Lose Top Rating Even if Default Avoided Monday, July 25, 2011 The U.S. government may lose its AAA credit rating even if lawmakers reach a plan to avoid a default, said Mohamed A. El-Erian, whose Pacific Investment Management Co. is the world’s largest manager of bond funds. “In most likelihood, a last-minute political compromise will avoid…
Received this from Morris this morning. It appears that a US government shutdown is coming closer to reality – again. Since 1976 there have been 17 – with the 1995/96 shutdown of 21 days the longest in modern history. If on August 2nd there is no budget deal, then we should see number 18. Did financial markets collapse – creating…
After a flurry of earnings reports hit the markets, a laundry list of companies are scheduled to report next week. Industry leaders Netflix (NFLX) and Broadcom (BRCM) give results early in the week, followed by names like BP (BP) and Ford (F) later in the week. Traders will look towards major economic reports on the US GDP and sentiment numbers…
Fred Lange’s Classic Trading Guideposts From 1968 With New Comments From Mr. Lange After 43 Years. We absolutely believe the Trading Guideposts below, written by Fred W. Lange in 1968, are timeless and as valuable today as they were in 1968. Mr. Lange was the Director Of Research for Blair & Company in N.Y.C. at the time he wrote these…
Received From Warren Mosler this evening, July 17, 2011 Warren Mosler Writes: Goes without saying by all parties involved that businesses are the job creators. Particularly small business. Hence the moves to help business to create jobs. Mercy! Can’t they get anything right? Business hires to service consumers. A restaurant that’s full doesn’t lay anyone off, no matter how much…
Numerous companies are scheduled to report earnings in the coming week. In financial leaders Charles Schwab (SCHW), Bank of America (BAC), Morgan Stanley (MS), Wells Fargo (WFC), and Goldman Sachs (GS) are scheduled to report. Tech giants including Apple ( AAPL ), Microsoft (MSFT), Intel (INTC), Xerox (XRX), Nokia (NOK), Yahoo (YHOO) and IBM (IBM) are also joining the party.…
Shares Of Google, one of the stocks on our Favored Stocks List, were down $9.50 today at around 2:00pm when Fast Money came out with the comments below. They shares are up $75 to $80 points from there only two hours later. Completely opposite of what Mr. Adami said. Nice Call. Not. Guy Adami: Google Pushing Down to $500 Published:…
Apple HDTV Could Cost Cable More Than 10% of Customers Published: Tuesday, 12 Jul 2011 | 4:05 PM ET Over the next 12 months, as much as 10 percent of U.S. households could cancel their cable or satellite TV, based on the popularity of Netflix and other streaming services, according to the latest surveys from the Consumer Electronics Association (CEA)…
El Rushbo Talks with Senator Marco Rubio July 12, 2011 RUSH: We welcome to the EIB Network Senator Marco Rubio from Florida. It’s great to have you on the program, sir, and welcome. SENATOR RUBIO: Well, thank you for having me. RUSH: I want to play for you… I know you heard this, but I want to play for you…