The Latest Posts
October 22, 2014
NYSE MAC Desk
Sep 24 2014 | 12:09 PM

From The Trading Floor: The markets are trading in positive territory this morning, boosted by a slew of IPO’s and a rise in new home sales for August

  • Mortgage Applications for the period ending September 19th fell -4.1%

  • New Home sales for the month of August rose to 504,000 from an adjusted 427,000 the month before

  • President Barack Obama urged countries to follow the U.S.'s lead on combating global warming at yesterday's U.N. Climate Summit. While leaders were united on laying the groundwork for a new global climate-change treaty, sharp differences arose on matters such as deforestation, carbon pollution and methane leaks from oil and gas production

  • Walgreen is considering the sale of just over 50% of its infusion services business, in a deal that could value the unit at around $1.5B. The division offers infusion services at home and at care centers across the U.S. Infusion therapies are used for...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 23 2014 | 9:49 AM

From The Trading Floor: Equities are trading lower this morning after new broke that the US and other countries conducted airstrikes over Syria and after the government moved to curb tax benefits to corporations that do inversion deals. 

  • July Home Prices rose 0.1% vs the previous month

  • The US and Arab allies commenced air strikes against ISIS in Syria

  • US Treasury  details new provisions aimed at preventing tax inversions undertaken with the main purpose of evading US taxes. The striking thing about the new provisions is that they don't include any grandfather clause for pending transactions. They apply to deals closed on September 22 or after September 22.

  • Minneapolis Fed President Kocherlakota offered some dovish policy views in a speech last night, yet the market remains in a funk where the negatives appear to be outshining the positives.

  • Philips is planning to split its 120-year-...

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