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THURSDAY SEPTEMBER 11 2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economic
Import and Export Prices
[Report]
 [Bullet] 8:30 ET 
International Trade
[Consensus]
 [Star] 8:30 ET 
Jobless Claims
[Consensus]
 [Bullet] 8:30 ET 
RBC CASH Index
 [Bullet] 9:00 ET 
Quarterly Services Survey
 [Bullet] 10:00 ET 
EIA Natural Gas Report
 [Bullet] 10:35 ET

08:30 Export Prices Ex-Ag. (Aug.): 0.8% prior
08:30 Import Prices Ex-Oil (Aug.): 0.9% prior
08:30 Initial Claims: 444K prior
08:30 Trade Balance (Jul.): -$58.0B cons.
14:00 Treasury Budget (Aug.): -$105.0B cons

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After Hours Summary:
PBR +4.8% (finds as many as four billion barrels of oil)

Companies trading higher in after hours in reaction to news: FNM +8.0% (permitted to pay Q3 preferred stock dividends); PBR +4.8% (finds as many as four billion barrels of oil -- Bloomberg); JOYG +2.3% (expands stock buyback program by $1 bln to $2 bln ); BEXP +1.6% (announces two significant rate Southern Louisana discoveries and updates three forks and Bakken activity)... 
Companies trading lower in reaction to news
 TWI -4.0% (discontinues discussions regarding a potential offer for Titan Europe Plc); CVC -2.1% (Co may sell 'developed' rainbow networks - DJ).

Earnings

Before: CPB, CRAI, LULU, MEI, OHB, SIFY

After: ARTC, ASHW, CAO, RVI

Events

BDN, DCT, LRY, OFC, AIV, EPR at BMO Capital Markets North American Real Estate Conf.

BRCM, SAI, SFSF, CNQR, PRO at Jefferies & Co. 2nd Annual Technology Conf.

CSX, BNI, CNI, KSU, UNP, NSC at Dahlman Rose & Co. LLC 1st Annual Global Transportation Conf.

MOT, PMCS, SIRF, VRSN, FNSR, SIGM at Deutsche Bank Securities Technology Conf.

OLN, ARJ, FMC, MEA, POL at Keybanc Basic Materials & Packaging Conf.

TKR, LECO, PH, TRN, MTW, IPGP at Longbow Research Industrial Products Investor Conf.

TYC, ROP, UTX, RTN, WCC, MTW at Morgan Stanley Global Industrials CEO's Unplugged Conf.

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2008 U.S. Economic Events & Analysis

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Monday  Sep  8 
 
 

 
 

 
 
 
 

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

Redbook
 [Bullet] 8:55 ET 

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 [Bullet] 10:00 ET 

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 [Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

 
 
 
 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

 
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[Consensus]
 [Star] 8:30 ET 

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[Consensus]
 [Star] 8:30 ET 

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[Report]
 [Bullet] 10:00 ET 

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[Report]
 [Bullet] 10:00 ET 

 
Equity Settlement
09 -11 -2008
Equity Settlement
09 -12 -2008
Equity Settlement
09 -15 -2008
Equity Settlement
09 -16 -2008
Equity Settlement
09 -17 -2008

 

 

the market

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

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