The Latest Posts
December 21, 2014
NYSE MAC Desk
Sep 10 2014 | 10:07 AM

From The Trading Floor: Equities are little changed this morning as investors continue to weigh the timing of an interest rate increase after the S&P 500 slid the most in a month

  • Mortgage applications for the week ending September 5th fell -7.2%

  • Dollar General  is now preparing to take its $9.1B offer directly to shareholders. Family Dollar rejected Dollar General's bids citing antitrust risks, and wants Dollar General to assume the entire risk of the deal, such as carrying out any divestiture that antitrust regulators ask for.

  • Microsoft is in advanced talks to buy Mojang AB, the maker of popular world-building game Minecraft. The deal would be valued at more than $2B, and could be completed as early as this week

  • Wholesale Inventories for the month of July rise by 0.1% worse than expected

  • Wholesale Sales for the month of July rose 0.7%, better than expected.

  • ...
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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 9 2014 | 10:09 AM

From The Trading Floor: Equities are pairing back gains realized over the past 5 weeks as traders and investors again speculate that the Fed will raise interest rates sooner than later

 

  • Small Business Optimism for the month of August rose to 96.1

  • JOLT Job openings for the month of July fell to 4.673 million from 4.675 million the previous period

  • ICSC-Goldman's retail report for the September 6 week is mixed, with week-to-week same-store sales up 0.7% but the year-on-year rate down to 4.0% vs 4.8% in the prior week.

  • General Mills entered into a definitive agreement to buy Annie’s for $42 a share in cash for a deal valued at $820m

  • Home Depot has confirmed that its payment systems were breached at nearly 2,200 U.S. and Canadian stores due to a cyberattack that likely began in April

  • BGC Partners, the second-largest broker by market capitalization, is looking to...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 8 2014 | 10:01 AM

From The Trading Floor: Equities are trading in measured territory this morning after a 5 week rally sent the S&P 500 to record territory

  • Alibaba kicks off its road show today and will hold 100 meetings worldwide before returning to New York to price its stock on Sept. 18

  • Over the weekend, Philadelphia Fed President Plosser  told a gathering of community bankers that he thinks the Fed needs to alter its communication to prepare the market for the possibility of rates being increased sooner than expected.

  • General Electric will sell its appliance business to Electrolux for $3.3 bln. 

  • Multimedia Games will be acquired by Global Cash Access  for $36.50/share in cash (31% premium), representing a total purchase price of $1.2 bln.

  • Consumer Credit for July comes out at 3:00 pm

  • Goldman Sachs has now upgraded equities to overweight over the next three months,...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 5 2014 | 9:56 AM

From The Trading Floor: Stocks are fluctuating this morning as the lowest Non-Farm Payroll number this year has investors questioning the economy’s strength and the timing of the Federal Reserve’s interest rate increase

  • Payrolls in the US. increased by 142,000 during August, the lowest level all year. The average monthly gain in nonfarm payrolls over the last 12 months has been 212,000.

  • The Unemployment Rate fell slightly to 6.1%

  • The Labor Participation Rate fell slightly to 62.8%

  • The Fed is stepping up efforts to search for an alternative to Libor, in what would be a major transition affecting hundreds of trillions of dollars in U.S. and worldwide contracts and derivatives. The Fed, large financial firms and others will meet over the course of the next year to work toward an alternative benchmark.

  • ICE (NYSE:ICE) is expected to pay $350M for SuperDerivatives, a Tel-Aviv based business that...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 4 2014 | 10:12 AM

From The Trading Floor: Stocks are getting a boost today on news that the ECB unexpectedly cut interest rates and said it will buy back asset backed securities to stimulate growth

  • Challenger Job cuts for August decreased by -20.7%

  • ADP employment came in at 204,000 for August less than the 212,000 the previous period

  • The Trade Balance narrowed by -$40.5 billion. Exports were $1.8 bln more than June exports, led by a $1.7 bln increase in exports of automotive vehicles, parts, and engines, and a $1.3 bln jump in industrial supplies

  • Jobless Claims rose by 4000 to 302,000 in the week ending August 30th as an improving economy prompted businesses to retain staff.

  • Q2 Productivity was revised down to 2.3% from 2.5%.

  • Bloomberg Consumer Comfort for the period ending August 31st rose to 37.7

  • ISM Non-Manufacturing Composite rose to 59.6 from 58.7...

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