The Latest Posts
September 30, 2014
NYSE MAC Desk
Aug 28 2014 | 10:14 AM

From The Trading Floor: A combination of escalating violence on the Russia / Ukraine border and weak domestic retail results have the market trading in negative territory

  • Gross Domestic Product, the value of all goods and services produced rose at 4.4% annualized rate for the second quarter propelled by the biggest gain in business investment in more than 2 years

  • The number of jobless claims filed for the week ending August 23rd decreased by just 1000 to 298,000.

  • Bloomberg Consumer Comfort for the period ending August 24 the came in at 37.3 vs 36.6 the previous period

  • Pending Home Sales increased 3.3% for July well ahead of the revised -1.3% the previous month

  • Paramount Group has filed to go public in what could be the second-largest U.S. real estate IPO after Hilton Worldwide's last year. The company will likely be valued at up to $15B and raise approximately $2B. Expecting to...

Read More
Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 27 2014 | 10:02 AM

From The Trading Floor: Equities are fluctuating this morning after the S&P 500 closed above 2000 for the first time. 

  • Mortgage Applications for the period ending August 22 rose by 2.8%

  • Tiffany's fiscal 2Q profit jumped 16% to $124.1 million, or $0.96 a share. Sales rose 7% to $992.9 million

  • Kleiner Perkins Caufield & Byers has agreed to invest in the fast-growing message service Snapchat at a valuation of close to $10 billion. 

  • Speculation of further policy easing from the ECB drove down the euro and bond yields to new lows this morning, with markets wagering that steps toward stimulus measures could come as early as next week.

  • President Petro Poroshenko has vowed to put together an urgent ceasefire plan to end the crisis in Ukraine's east following yesterday's meeting with Vladimir Putin. Putin described the negotiations as positive, but says it is ultimately up to Kiev to...

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

From The Trading Floor: Positive economic reports ranging from Durable Goods to Consumer Confidence have pushed stocks well into the green with the S&P 500 trading above the 2000 level

  • Orders for Durable Goods jumped in July by 22.6%, the most on record as bookings surged for commercial aircraft. Excluding transportation, however, durable orders declined 0.8%

  • House prices in 20 US. Cities rose at a slower pace in the year ending June (0.81%) as declining affordability and weak wage gains kept appreciation in check. 

  • Consumer Confidence rose in August to 92.4 from 90.3

  • The Richmond Manufacturing Index rose to 12 for August, much higher than 7 the previous period

  • Tim Horton’s  confirmed today that it is going to be acquired by Burger King . Separate reports indicate that Berkshire Hathaway is contributing $3 billion to the $10 billion bid for Tim Horton’s.

  • The main...

Read More
Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 22 2014 | 9:43 AM

From The Trading Floor; Equities are trading in measured territory this morning as a little geopolitical unrest and apprehension before the Fed Chair’s speech have traders adopting a wait and see attitude

  • Janet Yellen addresses the Kansas City Fed Economic symposium in Jackson Hole at 10:00 this morning

  • ECB President Draghi also speaks today after Chair Yellen at 2:30 pm

  • Gap reports Q2 EPS 75c, consensus 69c Reports Q2 revenue $3.98B, consensus $3.96B.

  • Salesforce.com reports Q2 adjusted EPS 13c, consensus 12c. Reports Q2 revenue $1.32B, consensus $1.29B

  • The U.S. has indicated that it will be expanding its international campaign to combat extremists of the Islamic State, and will likely extend its fight from Iraq into neighboring Syria. The Obama administration has outlined several different fronts to combat ISIS, including continued airstrikes, support for the new Iraqi central government and...

Read More
Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 21 2014 | 10:13 AM

From The Trading Floor: Equities are trading in the green this morning, rising to all-time highs as jobless claims decreased and manufacturing surged

  • Jobless Claims for the week ending August 16th fell by 14,000 to 298,000, a sign the US. Job market is making progress as the world’s largest economy grows

  • Continuing claims for the week ending August 9 dropped to 2.500 mln from 2.549 mln.

  • Americans’ expectations for the economy cooled in August to 45 as stagnant pay and rising food costs made it difficult for consumers to purchase much beyond necessities

  • Markit US. Manufacturing PMI for August grew to 58 from 55.8 the previous period

  • Philadelphia Fed Business Outlook climbed to 28 from 23.9 the previous period

  • Sales of previously owned homes climbed by 2.4% a 10 month high as low borrowing costs and ample inventory drew sales

  • The Leading Indicators...

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