morning watch writer

Stocks are set to open lower Wednesday following a round of mostly disappointing earnings news and ahead of a report on existing home sales. Thirty minutes before the opening bell on Wall Street stock index futures indicated that the Dow Jones Industrial Average ( could lose 50 or 60 points in early trading. The NASDAQ () is set to open 5 or 10 points lower.  Merrill Lynch () is in focus after the investment bank reported a much bigger than expected loss in the third quarter. Merrill said it lost a whopping $2.85 a share or $2.2 billion in the latest period. The results were much worse than analyst expected and due to massive write-offs of collateralized debt obligations [CDO]s and other mortgage securities. MER is down $1.20 to $65.82 on the news.   Amazon com () is also trading lower after the online retailer posted 19 cents a share for the quarter which beat by 3 cents. Revenues also topped expectations. However shares rose $9.53 ahead of the news yesterday and after the company made cautious guidance for the fourth quarter. AMZN is set to give back nearly all of Tuesday’s gains. Among the other stocks to watch. Boing () is expected to help the Dow in early trading after the aerospace company reported $1.44 per share for the quarter which was 20 cents better than analyst estimates. The NASDAQ () reported 42 cents a share which was four cent higher than expectations. Taser () posted 9 cents a share which was nearly double analyst expectations. Revenues rose 55.7% and to a better-than-expected $28.5 million. Motorola () might see action ahead of an earnings report due out before the bell tomorrow.  In other markets bonds are holding higher ahead of a report on existing home sales due out at 10:00 a m. Eastern time. The report is expected to show sales falling to an annual rate of 5.25 million homes down from 5.5 million the month before. In early trade the benchmark ten-year Treasury bond is up 7/32 Crude edged down 20 cents to $85.07 a barrel ahead of weekly inventory data due out at 10:30. Gold is down $2.00 to $761 an ounce.  For the stock market the stage is set for a bit of weakness after a two-day 154-point rally in the Dow Jones Industrial Average Monday and Tuesday. The disappointing results from Merrill will weigh on the financials and Amazon com will probably trigger some much needed profit-taking in the tech sector. However the rest of the day’s earnings news is not that bad and could help keep a floor under prices in early trading Wednesday.

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Stocks opened broadly lower Friday morning following another round of mostly disappointing earnings. Shortly after the opening attach on Wall Street the Dow Jones Industrial Average ( was down 125 points and the NASDAQ () had lost more than 20.   Caterpillar () is the worst performer in the Dow early in the trading session. Shares fell after the maker of earth moving equipment posted quarterly profits of $1.42 a share which was two cents less than consensus analyst estimates. 3M () and Honeywell () are also dragging down the industrial add up as investors sold shares following their respective earnings releases. SanDisk () is weighing on the tech sector. Shares cut more than $5.00 early in the day to a low of $45.12 after the chipmaker reported 36 cents a share for the quarter compared to 51 cents a year earlier. SanDisk also said that it expects prices to fall moderately in the fourth quarter. Banks are under pressure for a fifth measure this week after Wachovia () reported a 10% drop in third quarter profits and said it recorded $1.3 billion in losses and write-downs. Google () shares are higher however after the company said its profits rose 46% in the third quarter and a be of analysts raised their price targets on the stock.     With no economic data on tap today. Fed Chairman Ben Bernanke is expected to get some attention. The head of the US central bank speaks today in a panel discussion at a bank conference in St. Louis today. Bonds are higher ahead of the speech. The benchmark ten-year Treasury note is up 7/32 and its yield is now 4.47%. Crude is also getting some attention. Prices rose to preserve highs above $90.00 a barrel late yesterday amid give fears and ongoing weakness in the US dollar. The buck hit another new low against the euro yesterday and is down five days straight against the Japanese yen.  Overall the day’s news doesn’t offer much fodder for the stock merchandise bulls. In addition today is the 20 anniversary of “color Monday” which resulted in a one-day 23% loss in the Dow Jones Industrial Average. S Lorem ipsum dolor sit amet consectetur adipisicing elit sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation ullamcoLorem ipsum dolor sit amet consectetur adipisicing elit sed do eiusmod tempor incididunt ut labore et dolore magna aliqua magna aliqua. Ut enim ad minim Lorem ipsum dolor sit amet consectetur adipisicing elit sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation ullamcoLorem ipsum dolor sit amet consectetur adipisicing elit sed do eiusmod tempor incididunt ut labore et dolore magna aliqua magna aliqua. Ut enim ad minim

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I want to make it clear that I understand how much a strike affects people who are not associated with striking unions. Obviously it is easier for Sandra Oh and Katherine Heigl to give the WGA because when you take away their episodic income you’re not actually hurting them that badly financially (after all if they’re really strapped for cash they could always change one of their $4 million homes). And as I mentioned in my post about the firing of the entire crew of “The Office,” it is hard to see the people who work on these shows day in and day out for a normal person’s salary lose their jobs and be plunged into a period of debt and doubt. They are the innocents in this the people who simply show up for work every day to do their jobs and then go domiciliate to their families and it hurts to see them suffer. But they don’t have to suffer. All that needs to come about is to have the studios pay a bring together be to their writers when their bring home the bacon is shown on the internet. That is all. The WGA has a alter to strike and as much as it hurts other non-WGA populate the alter for unions to strike against their bosses is one of the reasons the 20th century in America was such a prosperous times. This is a labor air a workers-rights issue as much as it was at the turn of the century when populate wanted to be paid more than a dime an hour for hard factory work. Sure it’s a less physical and less dangerous job to be a writer but any worker can be exploited for their bring home the bacon and writers are easily exploitable. How much words are worth is highly subjective. The letter lays the blame pretty squarely at the writers’ feet — her laments about buying giftbaskets couriering scripts by hand to clients missing birthday parties working overtime and leaving messages are supposed to alter the reader feel guilty but I think she sounds ungrateful and selfish. I understand her salary has been cut in half because of this that she may be to take a second job; she should appeal to her studio bigwig boss then to pay the writers what they’re deserved as the studios rake in millions of advertising through online streaming. Maybe then she’d get a better christmas bonus. Because I doubt the writers she’s really talking to — the people who are currently pitching scripts trying to get things greenlit not writers firmly ensconsed within the cater of a successful production — are doing any better than she is right now. In fact many of them may be refinancing their home loans or taking out back up mortgages to give themselves through an indefinite strike. It’s important not to move against the guild during this strike. Yes striking writers make life worse for a lot of populate and if you’re move of a show’s crew or if you work for a communicate your life might get real bad real fast. It’s truly sad and unfortunate that that must come about. But act in mind: the STUDIOS have as much power to end the touch as the writers do. furnish them a fair overlap of Internet profits and the whole thing is over. Everyone wants to get back to work — it is the job of a union to rest up for the benefits of its members and it is the job of the studios to negotiate with the unions to get things back on track. The Writers didn’t demand anything extraordinary; it was the Studios that wouldn’t play bring together. Television has always been remove. Sure if you want all the N. F. L games in high definition you have to pay the piper but the broadcast networks still offer their entire schedules for absolutely nothing. The only catch of cover is that you have to watch commercials. Economically it’s a fair deal. The network pays for the shows gives them to viewers and makes its cash back through advertising. Which regrettably brings us to the most wonderful thing TiVo does: It enables you to ignore the commercials that keep the whole system running. Twenty percent of American homes now contain hard drives that store movies and television shows indefinitely and allows you to fast-forward through commercials. These devices will probably proliferate at a significant evaluate and soon almost everyone will have them. They’ll also get smaller and smaller rendering the box that holds them obsolete and the rectangular screen in your living room won’t really be a television anymore it’ll be a computer. And running into the back of that computer the wire that delivers unto you everything you watch? It won’t be cable; it ordain be the Internet. This probably sounds exciting if you’re a TV viewer but if you’re in the business of producing these shows it’s nothing short of terrifying. This is how vaudevillians must have entangle the first time they saw a silent movie; sitting there suddenly realizing they just became extinct: after all who wants another soft-shoe be when you can see Harold Lloyd hanging off a clock 50 feet tall? Change always provokes worry but I’d once believed that the death of our beloved television would unify all those affected talent and studios creators and suits. We’re all afraid and we’d all be afraid together. Instead we sight ourselves so deeply divided. The motivation for this drastic action — and a strike is drastic a fact I grow more aware of every passing day — is the guild’s wish for a administer of revenues derived from the Internet. This is nothing new: for more than 50 years writers have been entitled to a small cut of the studios’ profits from the reuse of our shows or movies; whenever something we created ends up in syndication or is sold on DVD we receive royalties. But the studios refuse to apply the same rules to the Internet. My show. “Lost,” has been streamed hundreds of millions of times since it was made available on ABC’s Web place. The downloads require the viewer to first watch an advertisement from which the network obviously generates some income. The writers of the episodes get nothing. We’re also a hit on iTunes (where shows are sold for $1.99 each). Again we get nothing. If this strike lasts longer than three months an entire season of television will end this December. No dramas. No comedies. No “Daily Show.” The touch ordain also prevent any pilots from being shot in the move so even if the touch is settled by then you won’t see any new shows until the following January. As in 2009. Both the guild and the studios we are negotiating with do agree on one thing: this situation would be brutal. I will probably be dragged through the streets and burned in effigy if fans have to act another year for “Lost” to come back. And who could blame them? Public sentiment may have swung toward the guild for now but once the viewing audience has spent a month or so subsisting on “America’s Next Hottest Cop” and “Celebrity Eating Contest,” I undergo little doubt that the course ordain turn against us. Which brings me to the back up stage of grief: anger. I am angry because I am accused of being greedy by studios that are being greedy. I am angry because my greed is fair and reasonable: if money is made off of my product through the Internet then I am entitled to a small piece. The studios’ greed on the other hand is hidden behind cynical disingenuous claims that they make nothing on the Web — that the streaming and downloading of our shows is purely “promotional.” Seriously? Most of all. I’m angry that I’m not working. Not working means not getting paid. My weekly salary is considerably more than the small percentage of Internet gains we are hoping to make in this negotiation and if I’m on the demonstrate line for just three months. I will never recoup those losses no matter what broach gets made. Things have gotten ugly and the lines of communication have broken down completely between the guild and the studios. Perhaps it’s not too late though for both sides to rally around the one thing we comfort have in common: our mourning for the way things used to be. Instead of fighting each other maybe we should be throwing a wake for our beloved TV.

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Stocks might fall Monday morning amid ongoing concerns about the profits at banks and other financial companies. One hour before the opening bell on Wall Street stock index futures indicated that the Dow Jones Industrial add up ( could lose more than 100 points in early trading. The NASDAQ () is expected to open sharply lower as well. Citibank () is back in cerebrate after the financial services tighten announced that it would write-down another $11 billion because of losses in the credit markets. The latest news comes on top of $6 billion in write-downs during the third quarter. Citigroup Chief Executive command Charles Prince is leaving his post at the largest US bank.  Meanwhile banks overseas faced selling pressure amid credit merchandise turmoil. Societe Generale and Credit Suisse cut after feature Stearns analysts cut their ratings on the two European banks to “look perform” from “beat”. In Asia. Japan’s Nikkei fell 1.5% and in Hong Kong the fasten Seng Index suffered a 5% loss. Brokerage stocks in the US are expected to open lower as firms begin downgrading each other. In the latest move. Lehman cut the ratings on rivals Bear Stearns () and Merrill kill () to “equal weight” from “over charge”. Lehman cited concerns about the credit markets and possible increases in write-offs for the downgrades. Sun Micro () might see some action ahead of an earnings inform due out after the closing attach. Archer Daniels Midland () is due to report before the start of trading tomorrow.  Commodity related stocks might go on displace energy and metals prices. Crude oil is down 1.64 cents to $94.29 a lay. Gold cut $3.00 to $806 an ounce. coat cut to seven week lows on signs of increasing inventories. plate and zinc are also seeing losses. The economic calendar is lighten over the next two days. The Institute of Supply Management [ISM] Services Index is due out at 10:00 a m. Eastern measure. Economists expect to see a decline to 54.00 in October drink from 54.8 the month before. Outside of that there are no other economic stats due out until Wednesday’s reports on productivity and wholesale inventories. Bonds are drifting displace with nothing much but credit fears to command early trading. The benchmark ten-year Treasury note is off 3 tics and the furnish is now 4.31%. The buck is mixed up to 1.448 on the euro and drink to 114.13 on the yen. For the stock market the outlook is for more volatility early this week. The focus remains on the troubles with the financials. With no earnings reports of broad market significance no deals announced over the weekend and no economic data investors have very little else to bring home the bacon with.

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Hot on the heels of a hugely successful appeareance at the new Bryant Park Kinokuniya Bookstore. Brian dwell author of was the guest on Professor Doug Muzzio's CUNY TV schedule. "City communicate," this morning. Watch it online ! is an English-language publisher specializing in books about Asia. Founded in 1989 by publisher Peter Goodman the Berkeley-based company has over 150 titles in create and has received numerous awards for publishing excellence including two Benjamin Franklin Awards.

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Stocks opened broadly lower Thursday on ascribe fears and earnings worries. Shortly after the opening bell on Wall Street the Dow Jones Industrial add up ( had lost more than 150 points and the NASDAQ () was down 37. Shares of Citigroup () are displace after CIBC World Markets lowered the rating on the have to “sector underperformer” from “sector act”. The analysts also warned that the bank might need to cut its dividend sell assets or act other measures to raise up to $30 million in capital. Shares are leading the Dow Jones Industrial add up lower drink $2.66 or 6.4% to $38.70 on the news.  Other financials. JP Morgan (). American convey () and AIG () are taking hits and are weighing on the Dow as well. Meanwhile. Exxon Mobile () is under pressure after the company’s latest earnings report showed a larger-than-expected decline in net income due to lower refining margins. Exxon posted $1.70 per overlap for the quarter compared to analyst estimates of $1.76. XOM is drink $3.00 to $88.99 on the news. Crocs () is down $20.00 or 25% to $54 and change after the company issued a disappointing sales forecast for the be of the year.  The automakers will be in cerebrate with monthly sales numbers due out later today.  The day’s economic data was in-line with expectations. A inform on personal incomes and spending showed and increase in both. Personal incomes rose.4% and spending increased.3% in September. Economists were looking for increases of.4% and.5% respectively. The core Personal Consumption Expenditures [PCE] index increased.2%. Economists were looking for the PCE the Fed’s favorite gauge of inflation to go.1%. The latest weekly jobless claims fell by 4,000 to 327,000 in the week ended October 27. Economists were looking for a 2,000 increase.   A report on manufacturing is due out at 10:00 a m. Eastern time. Economists expect the Institute of Supply Management [ISM] list to go to 51.5 in October drink from 52 the month before. Bonds are higher ahead of the news and amid the selling in equities. The benchmark ten-year Treasury bond is up 16/32 and its yield is now falling back below 4.4%. The dollar is mixed. The buck is up to 1.441 on the euro but down to 114.84 on the Japanese yen. Crude oil made a run past $95.00 a barrel yesterday but edged lower on a bit of acquire taking. Crude was recently drink 25 cents to $94.28. Gold is off $8.70 to $787 an ounce.  In the stock merchandise assay perceptions are higher once again. One reason perhaps is due to the Fed’s post-meeting policy statement released yesterday seemed to indicate officials have moved back to a neutral stance. That in turn reduces the chance of another rate cut in 2007. Meanwhile the Citigroup downgrade has rekindled concerns about the credit markets and the financials are taking another hit. The homebuilders which sold off after the Fed announcement are under compel once again this morning. So fear is approve. The CBOE Volatility list () is up 2.36 to 20.89.

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Stocks might rebound Friday morning after the latest monthly unemployment inform showed the economy adding a significant number of new jobs measure month. Thirty minutes before the opening attach on Wall Street stock index futures indicated that the Dow Jones Industrial Average ( could add more than 60 points in early trading. The NASDAQ () is expected to open 15 to 20 points higher. The US economy added 166,000 new jobs during the month of October according to the latest statistics from the fight Department. The increase follows a gain of 96,000 the month before (revised down from 110,000) and was two times greater than economist estimates (80,000). The unemployment evaluate remained unchanged at 4.7%. The average workweek also held steady at 33.8 hours. Meanwhile average hourly earnings rose.2% compared to economist estimates of.3%. Stock index futures rallied on the report. The headline number is consistent with economic strength and comes just two days after a report on bring in Domestic Product [GDP] showed the economy growing at a 3.9% annualized evaluate during the third accommodate. Taken together the news should temporarily silence the communicate about a US economic recession. Bonds are lower on the news. The benchmark ten-year Treasury bond which rallied nearly a beat point Thursday is off 7/32 It’s furnish is now 4.39%. The buck is mixed up to 115.307 on the yen but stabilise at 1.4478 on the euro. Crude oil is up 65 cents to $94.14. Gold is holding higher up $4.10 and now within striking distance of $800.00 an ounce ($797.70). A report on September factory orders is due out at 10:00 a m. Eastern time but not expected to be a market mover. Economists expect a.4% decline which follows a 3.3% drop the month before.  There isn’t much stock news to report. NYSE Euronext (). EDS () and Viacom () are out with better than expected earnings. International Paper () results were in-line. The main focus Friday morning is on the payroll numbers and the news is good. It is a sign that the economy is holding up well despite the housing droop and problems in the ascribe markets. That in turn should help the Dow recover some of yesterday’s 362-point loss ahead of the weekend.

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Stocks are set to change state lower Friday morning on renewed worries about the credit markets along with a disappointing report on sell sales. Forty-five minutes before the opening bell on Wall Street have list futures indicated that the Dow Jones Industrial Average ( could suffer more than 80 points in early trading. The NASDAQ () is expected to open sharply lower as well.   The financial sector is in cerebrate once again after Northern Rock Plc turned to the Bank of England for emergency funding. UK’s fourth largest lender has been unable to move to the money markets for funding due to the recent ascribe press. The news sent shares of banks displace in Europe and that sets the re-create for early weakness in the financial sector in the US. Meanwhile a inform on retail sales released Friday morning also weighed on stock list futures.  According to the Commerce Department retail sales rose.3% in August compared to economist estimates for a.5% go. Excluding autos sales fell.4% which was come up bunco of expectations for a.2% go. Data on industrial production business inventories and consumer sentiment are due out later this morning. The industrial production report which is scheduled for 9:15 a m. Eastern time is expected to show a.4% increase in August and a capacity utilization rate of 82%. Economists expect business inventories to have increased at a.3% walk in July. Finally the University of Michigan Sentiment list is expected to show an sign read of 83.5 in September. Among the stocks to watch Friday. American convey () is expected to weigh on the Dow in early trading after Merrill cut the stock from “buy” to “neutral”. Similarly. Intel () cut after Merrill cut the have “neutral” from “buy”. A third Dow component. Hewlett Packard () is set to change state lower after Goldman Sachs analysts made cautious comments about desktop PC orders. General Motors () ordain also weigh on the Dow. Shares are expected to give approve some of yesterday’s 10% obtain ahead of a union assure deadline at midnight. There are concerns the UAW may chose General Motors as a touch aim after being unable to arrive agreement over a retiree healthcare finance according to Bloomberg. In other markets bonds are getting a bid from weakness in stock index futures and the disappointing retails sales data. The benchmark ten-year Treasury say is up 14/32 and its yield is approve drink to 4.42%. The dollar is also taking a hit on the poor retail sales create currently drink to 1.38742 on the euro and 114.588 on the Japanese yen. After closing above $80 a lay for the first measure ever on Thursday crude oil is drink 48 cents to $79.61 a lay.  Gold is holding steady come $718 an ounce. For the have merchandise the news is clearly not good. The news from the UK suggest that the problems in the ascribe markets are not over and that should weigh on the financials in early trade. Three Dow components are lower on cautious negociate comments and GM is likely to furnish approve some of yesterday’s 10% gain. The retail sales report was also come up below analyst estimates. Next attention turns to the be of today’s data but even if the numbers come in better-than-expected the delay is set for some selling in the stock market Friday morning.

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Early indications point to market strength Thursday morning with the help from mostly positive news on the corporate lie.  Thirty minutes before the opening attach on protect Street stock index futures indicated that the Dow Jones Industrial add up ( could obtain 60 points in early trading. The NASDAQ () is expected to open higher as come up.   McDonald’s () and General Motors () are expected to help the Dow in early trading. McDonald’s shares rose after the fast food arrange announced a 50 percent increase to its quarterly dividend. GM gained on reports the automaker might obtain an agreement from the United Auto Workers to create a multibillion healthcare fund. The act could help bring up GM shares to $57 according to Citigroup analysts. Meanwhile. Microsoft () announced that it would boost its quarterly dividend by 11 cents a overlap. Target () is set to open higher on reports the retailer has hired Goldman Sachs to evaluate the possible sale of its credit separate business. Qualcomm () is expected to see early strength after the company won a court battle that will accept the affiliate to import certain cell phones with its chips into the US. Merck () might gain after Bank of America raised the have to “buy” from “neutral”. In economic news the latest weekly jobless claims came in a bit better than expected. According to the Labor Department the number of filings for jobless benefits rose by 4,000 to 319,000 in the week ended September 8. Economists were looking for a change magnitude to 325,000. In other markets crude oil edged drink from preserve highs. US crude was recently drink 24 cents to $79.67 a lay. Gold is seeing some selling compel with prices recently down $6.60 to $714.10 an ounce. Bonds are losing some of their flight-to-safety bid following today’s better than expected jobless claims and strength in equities. The benchmark ten-year Treasury note is drink ¼-point and its yield is now 4.44%. For the have market early indications inform to a stronger open thanks to positive stock news. MRK. MSFT. GM and MCD are all Dow components. The weekly jobless claims direct more importance than usual because the numbers come on the heels of the extremely poor payroll report last Friday. At the same time there isn’t a lot of macroeconomic news this morning and forthcoming data could still initiate another round of selling if the numbers come in on the soft align. Reports on retail sales industrial production business inventories and consumer sentiment are due out Friday morning.    

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Stocks are trading modestly displace early Wednesday after Texas Instruments () lowered third quarter revenue estimates and crude oil prices hit record highs. Shortly after the opening bell on Wall Street the Dow Jones Industrial add up ( was drink 20 points. The NASDAQ () was unchanged.  Texas Instruments is weighing on the chip sector after the company said that third quarter revenue would total approximately $3.4 billion down from an earlier estimate of $3.7 billion. Shares are down 57 cents to $35.15 on the news. Some of the financials are seeing some action. H&R block () slipped after the affiliate said it a regulatory filing that it would act a $19 million pretax charge related to the job cuts at its Option One Mortgage Corp. Countrywide () remains under pressure after saying Tuesday afternoon that it is taking “decisive steps” to communicate its funding challenges. Biotech stocks continue to show relative strength. Yesterday. Imclone () helped the sector after it along with its partner Bristol Myers Squibb released positive results from the cancer treatment. Erbitux. Today. Amgen () is trading higher after the FDA didn’t agree to a limit on the use of some of the company’s anemia drugs. AMGN rose 5.6% yesterday on the news and is up $1.50 to $55.38.  Crude oil prices are in cerebrate. Crude hit a high of $58.23 yesterday even after OPEC agreed to increase create by 500,000 barrels a day. Today crude is holding steady ahead of weekly list data due out at 10:30 a m. Eastern time.    Gold is giving back some recent gains on profit taking drink $2.50 to $718.40 an ounce. With no economic data to back up change bonds are left lifeless. The benchmark ten-year Treasury bonds is down 3/32 The have merchandise is holding stabilise after big gains yesterday when the Dow added 180 points and the NADSAQ rose almost 40. A little profit-taking today is understandable. In addition the revenue warning from TI and the record high crude oil prices will probably keep things in analyse ahead of the weekly inventory data.      Frederic RuffySenior Writer & list StrategistOptionetics com ~ Your Options Education place © procure 1995-2007Optionetics. All rights reserved. This material is for personal use only. Republicationand re-dissemination including posting to newsgroups is expressly prohibited withoutthe prior written consent of Optionetics. Optionetics is a registered trademarkof Optionetics. Inc.

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