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THURSDAY  JANUARY  17  2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economics
8:30 Housing Starts: 1150 k cons
8:30 Building Permits: 1140 k cons
8:30 Initial Claims: 322 k prior
10:30 Crude Inventories: -6736 k
Philadelphia Fed Survey
[Report]
 [Bullet] 10:00 ET
Philadelphia Fed -20.9 vs -1.5 consensus
TOP FINANCIAL NEWS
Bernanke Likely to Support Stimulus
Google.org to Discuss Five Strategic Initiatives
BUSINESS NEWS
Dimon May Be Hunting
Shareholders sue to stop Commerce Bancorp deal
Companies moving in after hours trading in reaction to earnings
Trading Up
COSI
+1.8%; KMP +1.2%...
Trading Down
WCI up 18.9% (announces completion of amendment to revolving credit facility and term loan)
 Companies trading in after hours on news
Trading Up
 WCI +18.9% (announces completion of amendment to revolving credit facility and term loan); HMSY +2.5% (will replace MOGN in the S&P SmallCap 600); BEXP +1.8% (announces 3 Bakken discoveries and acreage growth); SD +1.5% (increases cap budget to $1.25 bln, raises production guidance to 95 Bcfe); CC +1.3% (names John Harlow EVP and COO); SALM +1.1% (discontinue printed version of CCM Magazine to focus on expanding Christian music websites)...
Trading Down
 ARO -3.1% (SEC has issued a formal order of investigation); LCC -2.2% (Chief says fuel costs could wipe out US airline profits - FT); MGA -1.8% (Cosma International and Shin Young Metal announce Hyundai Russia award); DRYS -1.4% (authorizes to increase shares to 1 bln and defer stock split); SPR -1.1% (assessing impact of 787 schedule shift).
Earnings

Before: APH, BK, BBT, BLK, BGG, CIT, CMA, CBH, CAL, DSL, FHN, HBAN, IIN,
IGT, MMR, MER, NVS, PH, PNC, PPG, AMTD

After: CREL, FNB, IBM, NVEC, PNFP, STX, SWKS, TRMK, PAY, WM, WIT, XLNX,

Events

Deutsche Bank Annual Taiwan Conference
WJB Capital Group, Inc. ADC Telecommunications Conference Call
Bear, Stearns & Co. Inc. Mortgage and Structured Products Conference
Deloitte Touche Tohmatsu Private Equity CFO Roundtable
NYSSA American Gas Association: Outlook for the Natural Gas Industry
Conference
Deutsche Bank Securities Inc. Hedge Fund CTO Summit
IPAA OGIS Master Limited Partnership Conference
Forbes Inc. Optimizing IT for the Enterprise-Chicago Conference

 

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2008 U.S. Economic Events & Analysis

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Monday  Jan  14 
 

 
 

 
 
 
 

10-Year TIPS Settlement

 
ICSC-UBS Store Sales
 [Bullet] 7:45 ET 

Producer Price Index
[Consensus]
 [Star] 8:30 ET 

Retail Sales
[Consensus]
 [Star] 8:30 ET 

Empire State Mfg Survey
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 [Bullet] 8:30 ET 

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 [Bullet] 8:55 ET 

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 [Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

 
 
 
 

 
 
 

 
 

Weekly Bill Settlement

 
 
 

 
 

SIFMA recommended early close 2:00 ET

 
Consumer Sentiment
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 [Bullet] 10:00 ET 

Leading Indicators
[Report]
 [Bullet] 10:00 ET 

 
Equity Settlement
01 -17 -2008
Equity Settlement
01 -18 -2008
Equity Settlement
01 -22 -2008
Equity Settlement
01 -23 -2008
Equity Settlement
01 -24 -2008

 

 

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

 Economic Indicators

Top Ten Online Business Newspapers

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     2. USA Today (money)
     3. The Washington Post (business)
     4. Los Angels Times (business)
     5The Boston Globe (business)
     6Financial Times
     7Houston Chronicle (business)
     8The Seattle Times (business)
     9Chicago Tribune (business)
   10San Francisco Chronicle (business)