The Latest Posts
November 1, 2014
NYSE MAC Desk
Sep 3 2014 | 10:18 AM

From The Trading Floor: Reports of a cease fire in Ukraine and data that showed US. Factory orders rose the most on record in July have powered equities well into positive territory.

  • Mortgage applications for the week ending August 29th increased by 0.2%

  • Bank regulators are expected to finalize rules today that would require banks to hold capital against every asset on their books, and approve of a "liquidity-coverage ratio", which would require large banks to load up on ultra-safe assets to fund their operations for 30 days. The new rules have Wall Street concerned due to the likely harm to earnings and lending restrictions, although regulators say the policies will create a safer financial system.

  • Coinciding with the sale of its last tobacco product today, CVS Caremark (NYSE:CVS) is unveiling its new corporate name: CVS Health. CVS said in February that it would rid all of its 7,700 stores of tobacco products by Oct...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Sep 2 2014 | 10:19 AM

From The Trading Floor: Equities are trading in measured territory this morning despite a rash of M&A activity and some positive news on the economy

  • ISM Manufacturing increased to 59.0 for August

  • Construction Spending for July jumped to 1.8% from a revised -0.9% the previous month.

  • Economic Optimism for September rose to 45.2 from 44.5 in August.

  • Dollar General increases proposal to board of Family Dollar to $80 per share

  • Compuware to be acquired by Thomas Bravo for $10.92 a share. 

  • Markit US. Manufacturing PMI slipped to 57.9 for August

  • Apple is planning a new partnership with major payment networks, including Visa , MasterCard  and American Express  to transform the next iPhone into a mobile wallet

  • Japanese shares soared today, led by exporters and the yen slipping to a seven-month low against the dollar. Traders...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Aug 29 2014 | 10:21 AM

From The Trading Floor: Despite some less than stellar economic reports, equities opened positively this morning before turning negative on Prime Minister Cameron’s news conference indicating that the UK. has increased their terror alert.

  • Consumer Spending in the US. unexpectedly dropped in July for the first time in 6 months. Spending dropped by -0.1% after increasing 0.4% in June

  • Household Income’s climbed during July by 0.2%, the smallest monthly advance this year.

  • The price index for PCE was up 0.1% after a 0.2% jump in June. The core PCE price index, which excludes food and energy, was up 0.1% for the second straight month.

  • ISM Milwaukee came in at 59.63 lower than the consensus 60.00

  • The Chicago Purchasing Managers Index jumped to 64.3 in August vs. the previous reading of 52.6

  • The University of Michigan Consumer Confidence level rose to 82.5 from 81.8 a reflection of...

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

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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...

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