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FRIDAY OCTOBER 10 2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economic
08:30 Export Prices Ex.- Ag. (Sep):
08:30 Import Prices Ex.- Oil Sep.):
08:30 Trade Balance (Aug.): -$60.0B

Import and Export Prices
[Report]
 [Bullet] 8:30 ET 
International Trade
[Consensus]
 [Star] 8:30 ET 
Treasury Budget
[Report]
 [Bullet] 2:00 ET

TOP FINANCIAL NEWS

Dow plunges 679 for 6th triple-digit loss in a row

Wall Street in biggest fall since 1987 crash

BUSINESS NEWS
After Hours Summary
 WB +31% (Citi confirms the co ended negotiations with Wells Fargo on Wachovia Transaction)

Companies trading higher in after hours in reaction to news: WB +31% (Citi confirms the co ended negotiations with Wells Fargo on Wachovia Transaction); CX +4.0% (reaffirms that the it has slightly exceeded Q3 guidance and that it remains in compliance at the end of Q3 with financial convenant test); DECK +4.0% (sees Q3 revs of ~$195 mln vs $175.04 mln First Call consensus; expects to also exceed its previously issued Q3 EPS growth target of 12% YoY); MS +2.3% (files 10-Q); LKQX +1.3% (details Lehman Brothers exposure)...
Companies trading lower in reaction to news
 CTX
-4.1% (suspends quarterly dividend); SU -1.0% (reports oil sands production numbers for September 2008).

Earnings 

Before: EMMS, GE, HST

After:

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Financial future & options close early in observance of Columbus Day

 

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2008 U.S. Economic Events & Analysis

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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Monday  Oct  6 
 
 

 
 

 
 
 

 
 

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

Redbook
 [Bullet] 8:55 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

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Weekly Bill Settlement

 
 
 
 

SIFMA recommended early close 2:00 ET

 
Import and Export Prices
[Report]
 [Bullet] 8:30 ET 

International Trade
[Consensus]
 [Star] 8:30 ET 

Treasury Budget
[Report]
 [Bullet] 2:00 ET 

 
Equity Settlement
10 -09 -2008
Equity Settlement
10 -10 -2008
Equity Settlement
10 -14 -2008
Equity Settlement
10 -15 -2008
Equity Settlement
10 -16 -2008

 

 

the market

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

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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)