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TUESDAY SEPTEMBER 16 2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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ECONOMIC

08:30 CPI (Aug.): 0.0% cons.
08:30 Core CPI (Aug.): 0.2% cons.
09:00 Net Foreign Purchases (Jul.): $53.4B prior
14:15 FOMC Policy Statement

ICSC-UBS Store Sales
 [Bullet] 7:45 ET 
Consumer Price Index
[Consensus]
 [Star] 8:30 ET 
Redbook
 [Bullet] 8:55 ET 
Treasury International Capital
 [Bullet] 9:00 ET 
Housing Market Index
 [Bullet] 1:00 ET 
FOMC Announcement
 [Star] 2:15 ET

TOP FINANCIAL NEWS

All Eyes on Fed's Meeting for Rates

BUSINESS NEWS

Lehman LEH to be taken off of S&P 500, to be replaced by Harris HRS Tuesday after close

Lehman's place in the S&P 100 will be taken by S&P 500 constituent Occidental Petroleum (OXY))

H-P to Cut Nearly 25,000 Jobs

After Hours Summary
 AIG +2.9% (Fitch Downgrades AIG to 'A'; remains on rating watch negative); WM -7.5% (downgraded to 'BB-/B' (junk status) from 'BBB-/A-3'; Outlook Negative at S&P)
Companies trading higher in after hours in reaction to news
: WFC +3.4% (confirms Q3 non-cash charge for Lehman Brothers structured notes, preferred securities); AIG +2.9% (Fitch Downgrades AIG to 'A'; remains on rating watch negative; Fed asks Goldman, J.P. Morgan Chase to lead $70-75 bln lending facility); OXY +1.1% (Lehman's place in the S&P 100 will be taken by S&P 500 constituent Occidental Petroleum (OXY)); HPQ +0.9% (confirms plans to Integrate EDS; co will be recording a charge of $1.7 bln in Q4, layoff 7% of the co's workforce)...  
Companies trading lower in reaction to news
 LWSN -8.9% (lowers Q1 EPS and revs guidance); WM -7.5% (downgraded to 'BB-/B' (junk status) from 'BBB-/A-3'; Outlook Negative at S&P); SPF -6.8% (announces that net new home orders from continuing operations for first two months of Q3 were down 30%).

Earnings

Before: BBY, CBRL, GS, KR

After: AIR, ADBE, DRI

Events

MNKD Analyst Day

AIQ Investor Day

ATR 2008 Analyst Day

CSCO to Host Financial Analyst Conf.

DOW, CYT, NCX, ASH, ECL at Credit Suisse Chemical Conf.

FGXI, GCO, HIBB, OXM, PERY at BB&T Capital Markets Consumer Softlines 1x1 Conf.

FGXI, GCO, HIBB, OXM, PERY, SCVL at BB&T Capital Markets Consumer Softlines 1x1 Conf.

HNT, EOG, ESI, PG, GPRO, KSS at Bank of America Securities Annual Investment Conf.

ICO, WLT, NCOC, USAP, CRS at Davenport & Company, LLC Metals & Mining Conf.

MWV, IP, PCL, WY, CSAR at UBS Global Paper & Forest Products Conf.

NCC, WABC, ZION, COBZ, WFCT at RBC Capital Markets Financial Institutions Conf.

OPTR at CanaccordAdams Anti-Infectives Conf.

PRE, RNR, VR, AHL at Fox-Pitt, Kelton Inc. Bermuda in Boston Conf.

SBLK, GLF, NM, EGLE, GNK at Jefferies & Co. Shipping, Logistics & Offshore Services Conf.

TOT 2008 Mid-Year Review in New York

Fed Policy Announcement

 

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BUSINESS WEEK

Calendar for year 2008

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MEMORIAL 9 11

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SP/U8 

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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
Monday  Sep  15 
 
 

 
 

10 Yr Note Settlement

 
 
 
 

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

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

Redbook
 [Bullet] 8:55 ET 

Treasury International Capital
 [Bullet] 9:00 ET 

Housing Market Index
 [Bullet] 1:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

FOMC Announcement
 [Star] 2:15 ET 

 
 
 
 

 
MBA Purchase Applications
 [Bullet] 7:00 ET 

Current Account
 [Bullet] 8:30 ET 

Housing Starts
[Consensus]
 [Star] 8:30 ET 

EIA Petroleum Status Report
 [Bullet] 10:35 ET 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

Quadruple Witching

 
 
Equity Settlement
09 -18 -2008
Equity Settlement
09 -19 -2008
Equity Settlement
09 -22 -2008
Equity Settlement
09 -23 -2008
Equity Settlement
09 -24 -2008

 

 

the market

MARKET UPDATES

Advanced Sectors Sectoring by Industry Group

BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

 Economic Indicators

Top Ten Online Business Newspapers

     1. The New York Times
     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)