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WEDNESDAY DECEMBER 17  2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economic
10:35 Crude Inventories

MBA Purchase Applications
 [Bullet] 7:00 ET 
Current Account
 [Bullet] 8:30 ET 
EIA Petroleum Status Report
 [Bullet] 10:35 ET

TOP FINANCIAL NEWS

In Pictures: America's 25 Biggest Billionaire Losers
Fed slashes rates to near zero

BUSINESS NEWS
After Hours Summary
 ADBE +10.6% on earnings/guidance; BMY -1.6% (to cut another 10% of its workforce - CNBC); SAY +52.6% (Co not to go ahead with Maytas acquisition)

Companies trading higher in after hours in reaction to earnings
 PAY +12.5%; ADBE +10.6%... 
Companies trading lower in after hours in reaction to earnings
 HOV -9.4%... 
Companies trading higher in after hours in reaction to news
: SAY +52.6% (Co not to go ahead with Maytas acquisition); SD +6.4% (announces reduced 2009 capital budget and revised 2009 production guidance)... 
Companies trading lower in after hours in reaction to news
: LEG -13.3% (sees Q4 EPS of $0.00-0.15 vs $0.23 First Call consensus; revs $865 mln vs $935.40 mln First Call consensus); FNF -11.7% (announces Chapter 11 Bankruptcy Court approval of its acquisition of Commonwealth Land Title Insurance Co and Lawyers Title Insurance Corp); SLAB -7.0% (issues downside guidance for Q4 EPS and lowers Q4 revs guidance); LIZ -5.9% (suspends quarterly cash dividend); CVD -3.8% (purchases equity stake in Caprion Proteomics); AAPL -2.5% (announced that this its last year the co will exhibit at Macworld Expo; Jobs will not be attending the conf -- DJ); BMY -1.6% (to cut another 10% of its workforce -- CNBC).

Earnings

Before: CMC, CAG, GIS, JOYG, LNN, MDZ, MS

After: APOG, HWAY, HEI, MLHR, MU, NKE, NDSN, PAYX, SMSC, SHE, TTWO

Events

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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  Dec  15 
 

 
 

3 Yr Note Settlement
10 Yr Note Settlement


 
 
 

 
 

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

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

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

Redbook
 [Bullet] 8:55 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

52-Week Bill Auction
[Bullet] 1:00ET

FOMC Announcement
[Consensus]
 [Star] 2:15 ET 

 
 
 
 

 
 
 
 

Weekly Bill Settlement
52-Week Bill Settlement


 
Jobless Claims
[Consensus]
 [Bullet] 8:30 ET 

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

Philadelphia Fed Survey
[Report]
 [Bullet] 10:00 ET 

EIA Natural Gas Report
 [Bullet] 10:35 ET 

3-Month Bill Announcement
[Bullet] 11:00 ET 

6-Month Bill Announcement
[Bullet] 11:00 ET 

2-Year Note Announcement
[Bullet] 11:00 ET 

5-Year Note Announcement
[Bullet] 11:00 ET 

Money Supply
 [Bullet] 4:30 ET 

 
 
 
 

Quadruple Witching

 
 
Equity Settlement
12 -18 -2008
Equity Settlement
12 -19 -2008
Equity Settlement
12 -22 -2008
Equity Settlement
12 -23 -2008
Equity Settlement
12 -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)