JTO -- JTOnline

DJIA

13,113

-249.97

S&P

1,453

-25.00

NASDAQ

2,565

-48.62

10Yr

4.37%

-0.132

U.S. stock indexes end with weekly losses

NEW YORK
U.S. stocks sold off Friday, with the major indexes all ending with
weekly losses, after a jolting decline in August employment -- the first
such drop in nearly four years -- sparked worries the country could be
headed for a recession.

John Dvorak's Second Opinion: The iPhone ignited smart-phone mania, for
the moment

BERKELEY, Calif.
A couple of years back, nobody except Research In Motion Ltd. with its
BlackBerry could get much traction with a so-called smart phone. Now,
because of the iPhone, everybody's taking another run at the category.

Economic Report: U.S. nonfarm payrolls drop by 4,000 in August

WASHINGTON
U.S. employers cut back their hiring in August for the first time in
four years, government data released on Friday showed, a major surprise
that undercuts optimism about the economic outlook and makes a Federal
Reserve interest rate cut later this month much more likely.

Commodities Corner: OPEC walks a tightrope as oil prices near a record

SAN FRANCISCO
The world's major oil producers have a big decision to make when they
meet next week: how to deal with signs of softening global economies and
the usual run up in fourth-quarter oil demand as crude prices head
toward record levels.

Hovnanian, Beazer news caps tough week for home builders

BOSTON
Residential builder stocks, which were hit earlier this week by a plunge
in pending home sales, were under pressure again Friday on quarterly
losses and renewed bankruptcy fears.

# posted by JTO -- jtonline : 9/07/2007 06:26:00 PM  0 comments

Dow loses about 250 points as Wall Street ends the week on a sour note
after a surprisingly bleak jobs report.

# posted by JTO -- jtonline : 9/07/2007 04:19:00 PM  0 comments

Dow down more than 200 points, Nasdaq down 2% on jobs report-related
selloff. Update soon.

# posted by JTO -- jtonline : 9/07/2007 01:03:00 PM  0 comments

DJIA

13,165

-197.70

S&P

1,457

-20.82

NASDAQ

2,567

-47.24

10Yr

4.38%

-0.118

U.S. stocks drop on jobs shock

NEW YORK
U.S. stocks sold off Friday in the wake of a surprising decline in
August employment -- the first such drop in nonfarm payrolls in nearly
four years.

Economic Report: U.S. nonfarm payrolls drop by 4,000 in August

WASHINGTON
U.S. employers cut back their hiring in August for the first time in
four years, government data released on Friday showed, a major surprise
that undercuts optimism about the economic outlook and makes a Federal
Reserve interest rate cut later this month much more likely.

Capitol Report: Commentary: Fed has smoking gun to cut rates, if it
wants

WASHINGTON
With payrolls falling in August, the Federal Reserve has the smoking gun
-- the hard evidence of a weaker economy -- that it would need to cut
interest rates.

Hovnanian, Beazer news caps tough week for home builders

BOSTON
Residential builder stocks, which were hit earlier this week by a plunge
in pending home sales, were under pressure again Friday on quarterly
losses and renewed bankruptcy fears.

HSBC facing shareholder pressure for strategy review

LONDON
HSBC has become the latest European target of U.S. activist investor
Knight Vinke after the fund manager revealed it has requested a
"fundamental review" of strategy at Europe's biggest bank.

# posted by JTO -- jtonline : 9/07/2007 01:01:00 PM  0 comments

WASHINGTON (Reuters) - Employers cut 4,000 jobs in August, the first
time in four years that monthly hiring contracted, the government said
on Friday in a report certain to boost pressure on Federal Reserve
policymakers to cut interest rates.

# posted by JTO -- jtonline : 9/07/2007 12:58:00 PM  0 comments

DJIA

13,363

+57.88

S&P

1,478

+6.26

NASDAQ

2,614

+8.37

10Yr

4.50%

+0.008

U.S. stocks close higher boosted by economic data

NEW YORK
U.S. stocks rose Thursday, boosted by mostly positive economic data and
better-than-expected August sales at U.S. retail chains including Dow
component Wal-Mart stores.

Apple's Jobs apologizes over iPhone price cut

SAN FRANCISCO
Apple Inc. Chief Executive Steve Jobs responded to customer
dissatisfaction over the company cutting the price of its high-end
iPhone by apologizing and offering iPhone buyers a $100 store credit
toward any Apple product.

New foreclosures set record in latest MBA survey

CHICAGO
The number of mortgage loans entering the foreclosure process in the
second quarter set another record, according to the latest data from the
Mortgage Bankers Association.

The Fed: Fed officials upbeat on economic conditions

WASHINGTON
Federal Reserve officials said Thursday that current economic conditions
are good and the financial turmoil hasn't hurt Main Street.

Back-to-school and luxury shopping lifts August sales

NEW YORK
Back-to-school purchases and luxury shopping fueled U.S. retail chains'
better-than-expected August sales, defying a widespread concern that a
slowing housing market and a credit crunch would crimp consumer
spending.

# posted by JTO -- jtonline : 9/06/2007 06:35:00 PM  0 comments

http://www.bloglines.com/blog/johnDispatch

# posted by JTO -- jtonline : 9/06/2007 02:40:00 PM  0 comments

> New foreclosures set record in latest MBA survey
>
> CHICAGO
The number of mortgage loans entering the foreclosure process in the
second quarter set another record, according to the latest data from the
Mortgage Bankers Association.

> Economic Report: Productivity revised up to 2.6% in second quarter
>
> WASHINGTON
The U.S. economy is more productive than suspected, but upward pressure
remained on wages.

> Economic Report: Services sector cutting jobs in August, ISM says
>
> WASHINGTON
Nonmanufacturing sectors of the U.S. economy reduced employment for the
first time in three years, according to the Institute for Supply
Management index for August released Thursday.
>
> Back-to-school and luxury shopping lifts retailers' August sales
>
> NEW YORK
Back-to-school purchases and luxury shopping bolstered U.S. retailers'
August same-store sales, even amid concern about a slowing housing
market and consumer spending.

# posted by JTO -- jtonline : 9/06/2007 01:39:00 PM  0 comments

http://www.bloglines.com/blog/johnDispatch

# posted by JTO -- jtonline : 9/05/2007 07:29:00 PM  0 comments

DJIA

13,305

-143.39

S&P

1,472

-17.13

NASDAQ

2,605

-24.29

10Yr

4.47%

-0.085

U.S. stocks close with losses on dismal home sales

NEW YORK
U.S. stocks closed lower Wednesday after an index of existing home sales
fell to September 2001 levels and a gauge of employment prompted
downward revisions two days before the government's payrolls report for
August.

The Fed: Market turmoil has small impact outside housing: Beige Book

WASHINGTON
The credit crunch and resulting financial market turmoil has little
impact on economic activity through the end of August, according to the
latest report on current economic conditions released by the Federal
Reserve on Wednesday.

July pending home sales index falls 12.2%, Realtors report

WASHINGTON
The U.S. housing market showed signs of major disruption in July, with a
12.2% monthly decline in contract signings on existing homes -- the
largest drop since the pending homes sales index started in 2001, the
National Association of Realtors reported Wednesday.

Mattel recall: Good news is that it's before Christmas rush

LOS ANGELES
Mattel Co.'s third toy recall in little more than a month may be more of
a blessing than a curse, analysts say, as the company appears to have
done the right thing by weeding out even the smallest products that are
tainted with lead-based paints -- and is doing it in time to recover for
the Christmas season.

Apple shares fall on iPhone price cut; new iPods debut

SAN FRANCISCO
Apple Inc. on Wednesday introduced the latest updates to its line of
iPod media players, unveiling a new iPod nano capable of playing videos
and beefing up the memory of its flagship model.

# posted by JTO -- jtonline : 9/05/2007 06:54:00 PM  0 comments

DJIA

13,267

-181.52

S&P

1,469

-20.25

NASDAQ

2,607

-22.83

10Yr

4.47%

-0.087

U.S. stocks slide further after drop in home sales

NEW YORK
U.S. stocks furthered early declines Wednesday after an index of
existing home sales fell to September 2001 levels and a separate gauge
of employment prompted downward revisions ahead of the government's
nonfarm payrolls report for August.

July pending home sales index falls 12.2%, Realtors report

WASHINGTON
The U.S. housing market showed signs of major disruption in July, with a
12.2% monthly decline in contract signings on existing homes -- the
largest drop since the pending homes sales index started in 2001, the
National Association of Realtors reported Wednesday.

Hawk's wariness hints at rate pause for ECB on Thursday

LONDON
The Deutsche mark no longer exists, but the Bundesbank does, and its
president made the most explosive if not most publicized comment at the
recent gathering of central bankers in Jackson Hole, Wyoming.

Mattel's shares off 4% after third recall of China-made toys

NEW YORK
Shares of Mattel Inc. fell in Wednesday morning trading after the
world's largest toymaker announced its third significant recall of toys
made in China in just over a month, this time involving its flagship
Barbie brand.

The Ratings Game: Long-term metals prices to keep pace with costs,
Merrill says

LONDON
Merrill Lynch on Wednesday upgraded long-term price forecasts for a
range of industrial metals and related commodities, citing rising
capital-spending and structural costs due primarily to China's
continuing ravenous appetite for these materials.

# posted by JTO -- jtonline : 9/05/2007 01:19:00 PM  0 comments

DJIA

13,448

+91.12

S&P

1,489

+15.43

NASDAQ

2,630

+33.88

10Yr

4.56%

+0.021

U.S. stocks end up after GM sales top forecasts

NEW YORK
Stocks closed higher Tuesday after Dow component General Motors Corp.
reported unexpectedly strong U.S. sales in August, with earlier data
doing nothing to shake the view the Federal Reserve would cut interest
rates in two weeks.

The Ratings Game: Merrill Lynch trims banks' profit estimates on
recession risk

BOSTON
Analysts at Merrill Lynch on Tuesday lowered their 2008 earnings
estimates and target prices for some of the nation's largest regional
banks as they expect a short-term rally inspired by Federal Reserve rate
cuts to fizzle out with credit fears stretching into next year.

August auto sales dodge economic slowdown

SAN FRANCISCO
A sluggish economy, volatile stock market and eroding consumer
confidence didn't dent U.S. auto sales nearly as badly as feared.

Futures Movers: Crude futures climb to a one-month high

SAN FRANCISCO
Crude-oil futures closed at a one-month high above $75 a barrel Tuesday,
with traders forced to wait an extra day for data on U.S. oil supplies,
key producers likely to stand pat on output and an updated forecast
renewing concerns over hurricanes in the Atlantic.

# posted by JTO -- jtonline : 9/04/2007 07:21:00 PM  0 comments

DJIA

13,393

+35.93

S&P

1,484

+10.06

NASDAQ

2,623

+27.50

10Yr

4.56%

+0.027

Nasdaq paces Wall Street gains; data support Fed cut scenario

NEW YORK
U.S. stocks traded higher Tuesday as economic data came in largely as
expected, offering investors little reason to shake the generally held
view that the Federal Reserve will lower interest rates when it meets in
two weeks.

Economic Preview: Data look fine, but Fed will probably cut anyway

WASHINGTON
Investors will pore over the economic data in the coming week, looking
for reasons the Federal Reserve should or shouldn't cut interest rates.
But the data will probably be irrelevant to the decision.

Deutsche Bank CEO see signs markets are stabilizing

LONDON
The chief executive of Deutsche Bank on Tuesday said there were signs
that financial markets were stabilizing, adding that Germany's largest
bank never had problems of funding, even during the worst of the recent
crisis.

Hurricane Felix makes landfall in Central America

NEW YORK
After making landfall in northeastern Nicaragua as a powerful Category 5
storm, Hurricane Felix has weakened somewhat to Category 3, with top
sustained winds near 120 miles per hour, according to the National
Hurricane Center.

Carlyle Group turns to smaller scale deals in China

HONG KONGCarlyle Group LLC plans to invest $20 million in China-based
language school operator NeWorld Education Group, according to a
published report.

# posted by JTO -- jtonline : 9/04/2007 01:33:00 PM  0 comments

ISM manufacturing index falls in Aug. about in line with forecasts;
construction spending weakest in 6 months, AP reports.

# posted by JTO -- jtonline : 9/04/2007 12:23:00 PM  0 comments

President Bush made a surprise stop in Iraq, using the war zone as a
backdrop to argue his case that his troop surge is bringing stability to
the nation. With a rising U.S. death toll, pressure is on Baghdad to
find a political solution.

# posted by JTO -- jtonline : 9/03/2007 01:35:00 PM  0 comments