The Latest Posts
October 2, 2014
NYSE MAC Desk
Oct 1 2014 | 10:28 AM

From The Trading Floor: Equities are trading in negative territory this morning on concerns over European economic growth (Italy cut its growth forecast, German Manufacturing shrank and euro area factories lowered prices in September) and increasing tensions in the Ukraine.

  • Mortgage Applications for the period ending 9/26 fell slightly by -0.2%

  • ADP Employment (private payrolls) for the month of September increased to 213,000

  • Market US Manufacturing PMI for September contracted a bit to 57.5

  • September ISM Manufacturing  fell to  56.6 from 59 the prior period

  • August Construction Spending fell by -0.8% after rising by 1.2% the previous month.

  • Vivint.solar (VSLR) priced 20.6 million shares at $16 last night. The opening print this morning was $17.01 on 3,736,597 shares. 

  • Chrysler, Nissan and General Motors all reported a 19% in sales in...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 30 2014 | 10:14 AM

From The Trading Floor: Concern that Russia may introduce capital controls on money flowing out of the country and weaker than expected consumer confidence have equities trading in mixed to negative territory this morning

  • ISM Milwaukee rose in September to 63.18, significantly higher than the previous period. 

  • The Case-Shiller Home Price Index for July increased 6.7%, the slowest pace in almost 2 years

  • Consumer Confidence for the month of September decreased to 86

  • September Chicago Purchasing Managers Index fell to 62 from 64.3 the previous period 

  • The U.S. is set to become the world’s largest producer of liquid petroleum, with output likely to exceed Saudi Arabia’s this month or next for the first time since 1991. U.S. production of oil and related liquids such as ethane and propane was level with Saudi Arabia in June and again in August

  • September CPI report showed...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 29 2014 | 10:16 AM

From The Trading Floor: Global unrest, this time focused on the pro-democratic protests in Hong Kong have the markets taking back all that they gained on Friday

  • Consumer Spending in the US climbed in August by 0.5% as further job gains encouraged households to loosen their purse strings

  • Personal Income rose by 0.3% in August

  • Pending Home sales for the month of August fell by -1.0%

  • The Dallas Fed Manufacturing Index is at 10:30

  • Following the shock resignation of Bill Gross from Pimco on Friday, investors withdrew about $10B from the investment firm

  • Encana  buying Athlon Energy ATHL for $5.9 billion.

  • Vista Equity Partners buying Tibco Software TIBX for $4.3 billion

  • NiSource's board has approved plans to split into two publicly traded companies, and will file for a new master limited partnership named Columbia Pipeline Partners. NiSource...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 26 2014 | 10:15 AM

From The Trading Floor: Equities are rebounding this morning from the worst day since July as corporate earnings came in better than expected and economic growth accelerated at the fastest pace since 2011

  • The US. economy expanded at a 4.6% annualized pace, the fastest rate since the last 3 months of 2011 as companies stepped up investment and households continued to spend.

  • US Consumer confidence climbs to 84.6 for the month of September, a 14 month high

  • Nike reports Q1 EPS $1.09, consensus 88c. Reports Q1 revenue $8B, consensus $7.83B

  • Coach announced that Lew Frankfort will step down as Executive Chairman after his current term on the board expires in November. The retailer plans to give Frankfort the title of Chairman Emeritus due to his long service with the company.

  • Consumer prices cooled in Japan during August in a development that underscores the tightrope the Bank of Japan is walking in...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 25 2014 | 10:05 AM

From The Trading Floor: Equities are declining this morning, a day after the S&P jumped by the most in a month as traders mulled over a less than expected rise in Jobless Claims and a drop in orders for Durable Goods

  • Applications for unemployment benefits increased by 293,000, less than forecast last week as an improved economy prompted employers to retain staff.

  • Orders for Durable Goods slumped by -18.2% as commercial aircraft orders dropped after surging the previous period. Orders for business equipment climbed more than forecast (0.6%) indicating corporate investment will help spur economic growth

  • Markit Services PMI for September came in at 58.5 vs 59.5 the previous period. Markit US Composite came in at 58.8 vs. 59.7 the previous period.

  • Consumer confidence fell last week to an almost 4 month low (35.5)  as American’s views of the economy and their finances deteriorated

  • ...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk