Pre-market - Friday, October 16, 2009

Futures down after some not so "green shoot"ish type earnings. DJIA INDEX 9,930.00 -34.00 S&P 500 1,086.00 -3.80 NASDAQ 100 1,744.00 -4.50 Today's economic reports: Treasury International Capital 9:00 AM ET Industrial Production 9:15 AM ET Consumer Sentiment 9:55 AM ET Today's earnings reports: Before open: AOS AO Smith Corp. Industrial Goods Industrial Electrical Equipment BAC Bank of America Corporation Financial Money Center Banks FHN First Horizon National Corp. Financial Regional - Southeast Banks GE General Electric Co. Conglomerates Conglomerates GPC Genuine Parts Co. Services Auto Parts Wholesale HAL Halliburton Company Basic Materials Oil & Gas Equipment & Services MAT Mattel Inc. Consumer Goods Toys & Games MTG MGIC Investment Corp. Financial Surety & Title Insurance PRSP Prosperity Bancshares Inc. Financial Regional - Southwest Banks SIFY Sify Technologies Limited Technology Internet Service Providers SXT Sensient Technologies Corp. Basic Materials Specialty Chemicals After close: NONE

After some important earnings releases, we had a tepid market today. Dow 10,063 47 0.47% Nasdaq 2,173 1 0.05% S&P 500 1,097 5 0.42% Gold 1,051 -14 -1.32% Oil 77.55 2.40 3.19% Today by sector: Today's heatmap:

Empire State Mfg Survey - 8:30 am

Full report here The Empire State Manufacturing Survey indicates that conditions for New York manufacturers improved significantly in October. The general business conditions index climbed 16 points to 34.6, its highest level in five years. The new orders index rose 11 points, and the shipments index shot up 30 points, to 35.1. Both employment indexes were positive for the first time in more than a year. Price indexes were little changed, with the prices paid index remaining positive while the prices received index hovered just below zero. Future indexes advanced to relatively high levels, indicating that respondents expect conditions to improve further in the months ahead. In response to a series of supplementary questions on credit issues, manufacturers reported that credit conditions have tightened over the past year while firms’ borrowing needs have eased (see Supplemental Report tab). Over the past three months, however, there appears to have been little change in borrowing needs and only a modest decline in credit availability, on net. The survey also points to increased borrowing costs over the past three months, but little change in credit limits (ceilings). These findings are fairly close to those obtained in March, when these questions were previously asked. Widespread Improvement Continues In October, the general business conditions index rose for a fourth consecutive month, climbing 16 points to 34.6, its highest level since mid-2004. Just over half of the respondents reported that conditions had improved over the month, while just 17 percent reported that conditions had worsened. The new orders index rose 11 points, to 30.8. The shipments index soared 30 points to a multiyear high of 35.1. The unfilled orders index rose above zero for the first time in more than a year, reaching 2.6. The delivery time index held just above zero at 3.9. The inventories index remained fairly deep in negative territory, although it moved up several points, to -18.2. Employment Levels Rise Price indexes were little changed from September levels. The prices paid index, at 19.5, was positive for a fourth consecutive month, and the prices received index remained negative at -5.2. Both employment indexes were positive for the first time in more than a year. The index for number of employees leapt 19 points to 10.4. A little more than one-quarter of respondents reported that they had increased employment levels in October, while 16 percent said that they had reduced the number of workers. Continuing a pattern seen over the past few months, the average workweek index rose sharply, moving up 15 points to 20.8. Higher Levels of Activity Expected to Persist Future indexes rose from the already high levels observed in September. The future general business conditions index climbed 3 points, to 55.7, and the new orders and shipments indexes advanced to similarly elevated levels. Future price indexes remained above zero, suggesting that both prices paid and prices received were expected to increase in the months ahead. The pace of input price increases was expected to slow, with the future prices paid index declining 12 points to 24.7, while the prices received index was little changed at 10.4. Employment was expected to rise over the next six months. Future employment indexes remained well above zero, with the future index for number of employees climbing 10 points to 18.8. The capital expenditures index rose 4 points, to 18.2, and the technology spending index advanced to 13.0.

CPI - 8:30

Full report here Transmission of material in this release is embargoed until 8:30 a.m. (EDT) Thursday, October 15, 2009 USDL-09-1239 Technical information: (202) 691-7000 Reed.Steve@bls.gov www.bls.gov/cpi Media Contact: (202) 691-5902 PressOffice@bls.gov Consumer Price Index - September 2009 On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in September, the Bureau of Labor Statistics reported today. The increase was less than the 0.4 percent rise in August. The index has decreased 1.3 percent over the last 12 months on a not seasonally adjusted basis. The seasonally adjusted increase in the all items index was broad based, although tempered by a decline in the food index. The all items less food and energy index increased 0.2 percent in September after increasing 0.1 percent in each of the previous two months. Contributing to this increase were advances in the indexes for lodging away from home, medical care, new vehicles, used cars and trucks, and public transportation. The increase occurred despite declines in the indexes for rent and owners' equivalent rent, the first decreases in those indexes since 1992. The energy index also increased in September, as increases in the indexes for gasoline, fuel oil and electricity more than offset a decline in the index for natural gas. In contrast to these increases, the food index declined, falling for the sixth time in the last eight months. The index for food away from home increased, but the food at home index declined as the indexes for fruits and vegetables and for meats, poultry, fish and eggs fell sharply. Both the food and energy indexes have declined over the past 12 months. The decline in the food index is the first 12-month decrease in that index in over 40 years. More at link

Jobless claims - 8:30

Full report here UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending Oct. 3, the advance figure for seasonally adjusted initial claims was 521,000, a decrease of 33,000 from the previous week's revised figure of 554,000. The 4-week moving average was 539,750, a decrease of 9,000 from the previous week's revised average of 548,750. The advance seasonally adjusted insured unemployment rate was 4.5 percent for the week ending Sept. 26, a decrease of 0.1 percentage point from the prior week's unrevised rate of 4.6 percent. The advance number for seasonally adjusted insured unemployment during the week ending Sept. 26 was 6,040,000, a decrease of 72,000 from the preceding week's revised level of 6,112,000. The 4-week moving average was 6,144,250, a decrease of 15,750 from the preceding week's revised average of 6,160,000. The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.677 million. UNADJUSTED DATA The advance number of actual initial claims under state programs, unadjusted, totaled 449,375 in the week ending Oct. 3, an increase of 3,757 from the previous week. There were 426,789 initial claims in the comparable week in 2008. The advance unadjusted insured unemployment rate was 3.8 percent during the week ending Sept. 26, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,994,971, a decrease of 77,884 from the preceding week. A year earlier, the rate was 2.3 percent and the volume was 3,057,698. Extended benefits were available in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending Sept. 19. Initial claims for UI benefits by former Federal civilian employees totaled 1,499 in the week ending Sept. 26, an increase of 44 from the prior week. There were 2,387 initial claims by newly discharged veterans, an increase of 91 from the preceding week. There were 19,523 former Federal civilian employees claiming UI benefits for the week ending Sept. 19, a decrease of 885 from the previous week. Newly discharged veterans claiming benefits totaled 30,550, a decrease of 139 from the prior week. States reported 3,321,210 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Sept. 19, an increase of 45,997 from the prior week. There were 1,140,558 claimants in the comparable week in 2008. EUC weekly claims include both first and second tier activity. The highest insured unemployment rates in the week ending Sept. 19 were in Puerto Rico (6.1 percent), Oregon (5.3), Nevada (5.2), Pennsylvania (5.0), California (4.9), Michigan (4.8), Wisconsin (4.7), Arkansas (4.6), North Carolina (4.6), and South Carolina (4.5). The largest increases in initial claims for the week ending Sept. 26 were in California (+4,467), Ohio (+3,421), Illinois (+1,815), Missouri (+1,049), and Tennessee (+1,048), while the largest decreases were in New York (-2,253), North Carolina (-1,609), South Carolina (-1,159), Arkansas (-818), and Florida (-734). More at link with formatted tables

Pre-market - Thursday, October 15, 2009

Futures down slightly after some not as good as expected earnings: DJIA INDEX 9,930.00 -22.00 S&P 500 1,083.90 -3.80 NASDAQ 100 1,740.75 -7.00 Today's economic calendar: Consumer Price Index 8:30 AM ET Empire State Mfg Survey 8:30 AM ET Jobless Claims 8:30 AM ET Philadelphia Fed Survey 10:00 AM ET EIA Natural Gas Report 10:30 AM ET EIA Petroleum Status Report 11:00 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 52-Week Bill Announcement 11:00 AM ET Timothy Geithner Speaks 4:15 PM ET Money Supply 4:30 PM ET Today's earnings reports: Before open: APH Amphenol Corporation Technology Diversified Electronics BAX Baxter International Inc. Healthcare Medical Instruments & Supplies BPOP Popular Inc. Financial Foreign Regional Banks C Citigroup, Inc. Financial Money Center Banks CIT CIT Group, Inc. Financial Credit Services CY Cypress Semiconductor Corporation Technology Semiconductor - Broad Line DRH Diamondrock Hospitality Co. Financial REIT - Hotel/Motel FCS Fairchild Semiconductor International Inc. Technology Semiconductor - Integrated Circuits GS Goldman Sachs Group Inc. Financial Diversified Investments HOG Harley-Davidson, Inc. Consumer Goods Recreational Vehicles HOMB Home Bancshares, Inc. (Conway, AR) Financial Diversified Investments KNL Knoll Inc. Consumer Goods Business Equipment LUV Southwest Airlines Co. Services Regional Airlines NOK Nokia Corp. Technology Communication Equipment OMTR Omniture Inc. Technology Business Software & Services ORB Orbital Sciences Corp. Industrial Goods Aerospace/Defense Products & Services PII Polaris Industries, Inc. Consumer Goods Recreational Vehicles PPG PPG Industries Inc. Conglomerates Conglomerates SCHW Charles Schwab Corp. Financial Investment Brokerage - National SFNC Simmons First National Corporation Financial Regional - Southeast Banks SWY Safeway Inc. Services Grocery Stores TBNK Territorial Bancorp Inc. Financial Regional - Pacific Banks UMPQ Umpqua Holdings Corporation Financial Regional - Pacific Banks USAK USA Truck Inc. Services Trucking UTEK Ultratech Inc. Technology Semiconductor Equipment & Materials WGO Winnebago Industries Inc. Consumer Goods Recreational Vehicles WSO Watsco Inc. Services Electronics Wholesale After close: AMD Advanced Micro Devices Inc. Technology Semiconductor - Broad Line CBST Cubist Pharmaceuticals Inc. Healthcare Drug Manufacturers - Other CYT Cytec Industries Inc. Basic Materials Specialty Chemicals GBCI Glacier Bancorp Inc. Financial Regional - Pacific Banks GOOG Google Inc. Technology Internet Information Providers HRLY Herley Industries Inc. Technology Scientific & Technical Instruments IBM International Business Machines Corp. Technology Diversified Computer Systems LION Fidelity Southern Corporation Financial Regional - Mid-Atlantic Banks LUB Luby's Inc. Services Restaurants MTG MGIC Investment Corp. Financial Surety & Title Insurance NARA Nara Bancorp Inc. Financial Regional - Pacific Banks PBCT People's United Financial Inc. Financial Savings & Loans TPX Tempur Pedic International Inc. Consumer Goods Home Furnishings & Fixtures TSCM TheStreet.com, Inc. Technology Internet Information Providers UFPI Universal Forest Products Inc. Industrial Goods Lumber, Wood Production VMI Valmont Industries, Inc. Industrial Goods Metal Fabrication

Market wrap - 4:10

Rocket shot day in the markets. DOW now over 10,000 Dow 10,016 145 1.47% Nasdaq 2,172 32 1.51% S&P 500 1,092 19 1.75% Gold 1,065 -0 -0.03% Oil 75.30 1.03 1.38% Today by sector: Today's heatmap:

Retail Sales - 8:30 am

Full report here ADVANCE MONTHLY SALES FOR RETAIL TRADE AND FOOD SERVICES SEPTEMBER 2009 Special Notice - Beginning with the December 11, 2009 release for November 2009, estimates in this release will be based on a new sample. A new sample for the Advance Monthly Retail Trade Survey is selected about once every two and a half years. For further information on the sample revision, see our website at http://www.census.gov/retail. The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $344.7 billion, a decrease of 1.5 percent (±0.5%) from the previous month and 5.7 percent (±0.7%) below September 2008. Total sales for the July through September 2009 period were down 6.6 percent (±0.3%) from the same period a year ago. The July to August 2009 percent change was revised from +2.7 percent (±0.5%) to +2.2 percent (±0.2%). Retail trade sales were down 1.7 percent (±0.7%) from August 2009 and 6.4 percent (±0.7%) below last year. Gasoline stations sales were down 25.3 percent (±1.3%) from September 2008 and building material and garden equipment and supplies dealers were down 13.0 percent (±2.0%) from last year. The advance estimates are based on a subsample of the Census Bureau's full retail and food services sample. A stratified random sampling method is used to select approximately 5,000 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms. Responding firms account for approximately 65% of the MARTS dollar volume estimate. For an explanation of the measures of sampling variability included in this report, please see the Reliability of Estimates section on the last page of this publication. Percent Change in Retail and Food Services Sales (Estimates adjusted for seasonal variation, holiday, and trading-day differences, but not for price changes)

Pre-market - Wednesday, October 14, 2009

Futures up big after a good report from JP Morgan DJIA INDEX 9,921.00 112.00 S&P 500 1,083.30 14.50 NASDAQ 100 1,750.75 24.00 Today's economic reports: MBA Purchase Applications 7:00 AM ET Retail Sales 8:30 AM ET Import and Export Prices 8:30 AM ET Business Inventories 10:00 AM ET 4-Week Bill Auction 1:00 PM ET FOMC Minutes 2:00 PM ET Today's earnings reports: Before open: ABT Abbott Laboratories Healthcare Drug Manufacturers - Major ADTN ADTRAN Inc. Technology Communication Equipment ASML ASML Holding N.V. Technology Semiconductor Equipment & Materials CBSH Commerce Bancshares Inc. Financial Regional - Southwest Banks GWW W.W. Grainger, Inc. Services Industrial Equipment Wholesale HST Host Hotels & Resorts Inc. Financial REIT - Hotel/Motel JPM JPMorgan Chase & Co. Financial Money Center Banks LCRY LeCroy Corp. Technology Scientific & Technical Instruments LUFK Lufkin Industries Inc. Basic Materials Oil & Gas Equipment & Services MTOX MEDTOX Scientific Inc. Healthcare Medical Laboratories & Research PGR Progressive Corp. Financial Property & Casualty Insurance After close: ATR AptarGroup, Inc. Consumer Goods Rubber & Plastics CCK Crown Holdings Inc. Consumer Goods Packaging & Containers DTLK Datalink Corp. Technology Business Software & Services LSTR Landstar System Inc. Services Trucking OHB Orleans Homebuilders Inc. Industrial Goods Residential Construction PLCM Polycom, Inc. Technology Processing Systems & Products SPTN Spartan Stores Inc. Services Food Wholesale STLD Steel Dynamics Inc. Basic Materials Steel & Iron STLY Stanley Furniture Co. Inc. Consumer Goods Home Furnishings & Fixtures WDFC WD-40 Co. Basic Materials Specialty Chemicals XLNX Xilinx Inc. Technology Semiconductor - Specialized ZEP Zep, Inc. Consumer Goods Cleaning Products

Pre-market - Tuesday, October 13, 2009

Futures up slightly as earnings season goes into full swing: DJIA INDEX 9,836.00 17.00 S&P 500 1,073.70 2.20 NASDAQ 100 1,731.75 4.00 Today's economic calendar: ICSC-Goldman Store Sales 7:45 AM ET Redbook 8:55 AM ET 4-Week Bill Announcement 11:00 AM ET 3-Month Bill Auction 1:00 PM ET 6-Month Bill Auction 1:00 PM ET William Dudley Speaks 1:15 PM ET Treasury Budget 2:00 PM ET Today's earnings reports: Before open: DPZ Domino's Pizza, Inc. Services Restaurants GIGM GigaMedia Ltd. Technology Internet Software & Services HTLD Heartland Express Inc. Services Trucking JNJ Johnson & Johnson Healthcare Drug Manufacturers - Major KMGB KMG Chemicals Inc. Basic Materials Specialty Chemicals After close: ALTR Altera Corp. Technology Semiconductor - Specialized CSX CSX Corp. Services Railroads EXFO EXFO Electro Optical Engineering Inc. Technology Communication Equipment HCSG Healthcare Services Group Inc. Services Business Services IMMR Immersion Corporation Technology Computer Peripherals INTC Intel Corporation Technology Semiconductor - Broad Line LLTC Linear Technology Corp. Technology Semiconductor - Specialized OZRK Bank of the Ozarks, Inc. Financial Regional - Southeast Banks VOXX Audiovox Corp. Services Electronics Wholesale

Market wrap - 4:00 pm

On a very slow and uneventful day, with the bond market closed, Canadian holiday, and Japan closed, on virtually no volume: Dow 9,886 +21 +0.21% Nasdaq 2,139 0 -0.01% S&P 500 1,076 5 0.44% Gold 1,058 +9 +0.85% Oil 73.15 1.50 2.09% Today by sector: Today's heatmap:

Pre-market - Monday, October 12, 2009

Futures up this morning before earning season starts full swing DJIA INDEX 9,864.00 57.00 S&P 500 1,075.00 6.90 NASDAQ 100 1,735.50 10.00 Today's economic calendar: Bond market closed No significant events Today's earnings reports: Before open: FAST After close: ELS