The Latest Posts
September 22, 2014
NYSE MAC Desk
Sep 22 2014 | 10:08 AM

From The trading Floor: Equities are trading lower this morning after the S&P 500 reached record highs last week as China’s Finance Minister quelled speculation that the government will boost stimulus even as the country’s growth faces downward pressure

  • Chicago Fed National Activity Index fell to -0.21 for August

  • US. existing Home Sales fell -1.8% to 5.05 million annual rate

  • Alibaba's IPO has now become the world's largest-ever at $25B, after bankers issued additional shares to raise the deal size by 15% on strong demand. The underwriters exercised a greenshoe option to sell an additional 48M ADSs, which was widely expected should the shares perform well in the public market

  • After much speculation, Siemens has announced that it would buy Dresser-Rand for $7.6B

  • Proclaiming its largest single order by number of planes from an African carrier, Boeing  announces it has received an order...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 19 2014 | 10:18 AM

From The Trading Floor: Equities are trading in positive territory for a 4th day in a row this morning after Scotland rejected independence and as corporate takeovers boosted investor confidence

  • Alibaba has priced shares at $68 a piece, at the high end of its $66-$68 range, raising $21.8B and shattering records as the largest U.S. IPO in history. As of this post, the Designated Market Maker was still balancing supply and demand before opening the stock

  • Leading Indicators for August came in at 0.2% down from the previous period when the reading was 0.9%

  • SAP is paying $129/share, or an enterprise value of $8.3B, to acquire top cloud travel/expense management software vendor Concur Technologies, representing a 20% premium to Concur's Thursday close.

  • Along with a FQ1 earnings, Oracle has announced that Larry Ellison is resigning as CEO after leading the company for more than 35 years. President Mark Hurd...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 18 2014 | 10:18 AM

From The Trading Floor: Stocks are trading in the green for a third day in a row as investors speculate that the Fed will keep interest rates low and economic data showed that fewer Americans filed for jobless claims

  • The number of Americans filing for unemployment benefits plunged last week to 280,000 for the period ending September 13th, a 2 month low signaling that the labor market continues to strengthen

  • Housing Starts for August fell to 956,000 indicating an uneven pick up in the residential real estate market

  • Building Permits for the month of August also fell to 998,000

  • Consumer Comfort for the period ending 9/14 came in better than expected at 37.2

  • A measure tracking the economic outlook dropped to 41.5 this month, the weakest since October from 45 in August

  • The Philadelphia Fed Business Outlook for September decreased to 22.5 from 28.0 the previous period

  • ...
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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 17 2014 | 10:22 AM

From The Trading Floor: Equities are rising this morning as a drop in the consumer price index renewed speculation that the Fed  would keep interest rates lower longer

  • The cost of living  as measured by CPI unexpectedly dropped -0.2% in August. It was the first decline in total CPI since April 2013 and it was driven by a 2.6% decline in the energy index. Meanwhile, it was the first time since October 2010 that the core price index did not increase. Shelter costs were up 0.2% in August, yet price indexes for used cars and trucks, apparel, airline fares, and household furnishings all declined. 

  • Home builder confidence rose to 59 for September which is a 9 year high

  • FOMC rate decision is at 2:00 pm

  • FedEx reports Q1 EPS $2.10, consensus $1.96. Reports Q1 revenue $11.7B, consensus $11.48B.

  • According to new figures from the Census Bureau, inflation-adjusted income for the median U...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 12 2014 | 10:09 AM

From The Trading Floor: Equities are pulling back a bit today on continued speculation that the Fed will rates sooner than later after retail sales indicated the economy continues to improve and Consumer Sentiment continued to rise

  • Sales at retailers climbed in August by 0.6%, the fastest pace in 4 months continuing to boost prospects for economic growth this quarter. Sales, excluding autos, increased 0.3%, also as expected, and were revised higher to show a similar 0.3% increase in July after an originally reported 0.1% gain.

  • Import Price Index during August fell by -0.9% as a sharp decline in petroleum products trumped rising food prices.

  • Alliance Data has agreed to buy Conversant in a cash and stock deal valued at about $2.3B.

  • The University of Michigan Consumer Sentiment came in at 84.6 for September, better than expected

  • Business Inventories for the month of July came in as expected at 0.4...

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