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8:32am ET
[BRIEFING.COM] S&P futures vs fair value: +6.7. Nasdaq futures vs fair value: +14.5. Stock futures shed some points and then gain some ground on a better than expected weekly jobless numbers. There were 301K initial jobless claims for the week ended Jan. 19, which is very close to the previous week’s revised reading of 302K. Economist were expecting 320K claims. Separately, crude oil for March delivery is trading up 1.3% to $88.08. The government’s weekly inventory report is set for release at 10:30 ET, one day later than usual due to the market’s closure on Monday.
 
Intrepid_Investor said:
Looks like they are only going give $600 per individual instead of $800. Don't think the market will like that.
Click to expand...

Depends on how many kids you have, if any.

'Families with children would receive an additional $300 per child, subject to an overall cap of perhaps $1,200, according to a senior House aide who outlined the deal on condition of anonymity in advance of formal adoption of the whole package. Rebates would go to people earning below a certain income cap, likely individuals earning $75,000 or less and couples with incomes of $150,000 or less. '

http://www.cbsnews.com/stories/2008/01/24/business/main3747508.shtml
 
Microsoft 2Q Profit Up 79 Percent, Helped by Windows Sales

SEATTLE (AP) -- Microsoft Corp. said Thursday its fiscal second-quarter profit topped analysts' expectations and climbed 79 percent, buoyed by rising sales of Windows-based personal computers. For the quarter ended Dec. 31, profit increased to $4.71 billion, or 50 cents per share, from $2.63 billion, or 26 cents per share last year.
 
Folks, don't you realize the jobs the welfare group provides with their levels of illegitimacy. I'm talking opportunities for the criminal justice system - that includes correctional officers, police officers, probation officers, prosecutors, court clerks, medicaid officials, and the list goes on. Just think of the opportunities in public education, public health, there is a whole federal bureaucracy that exists to provide support. How about in school day care while they finish high school. Thank allah we have welfare receipients or we could be in a recession.
 
Birchtree said:
Folks, don't you realize the jobs the welfare group provides with their levels of illegitimacy. I'm talking opportunities for the criminal justice system - that includes correctional officers, police officers, probation officers, prosecutors, court clerks, medicaid officials, and the list goes on. Just think of the opportunities in public education, public health, there is a whole federal bureaucracy that exists to provide support. How about in school day care while they finish high school. Thank allah we have welfare receipients or we could be in a recession.
Click to expand...

Uncle loves folks who are dependent upon him!!!:laugh:
 
[BRIEFING.COM] S&P futures vs fair value: +7.6. Nasdaq futures vs fair value: +26.8. Stock futures continue to point to a higher start. The majority of earnings reports from last night and this morning have been better than or inline with expectations. There are no economic releases or Federal Reserve speakers today.
 
http://www.bloomberg.com/apps/news?pid=20601080&sid=aqnDGB5.0AxE&refer=asia

Japanese Stocks Drop on Concern Banks May Have More Losses

By Masaki Kondo and Patrick Rial
Jan. 28 (Bloomberg) -- Japanese stocks dropped after an analyst said Fortis, Belgium's biggest financial-services company, may have further writedowns on subprime-related assets, fueling concern banks will incur more credit-market losses.
Mitsubishi UFJ Financial Group Inc., Japan's largest bank by market value, and Sumitomo Mitsui Financial Group Inc., the second biggest, both lost 2.7 percent.
 
Fed funds futures currently indicate an 88% chance of a 50 basis point rate cut, with a 25 basis point cut full priced in. Prior to today's action, futures suggested a smaller 70% chance of a 50 basis point cut.
 
20 out of 24 S&P 500 technology companies that have reported earnings so far have beaten Wall Street estimates.
 
American Express Reports Fourth-Quarter Profit Decline of 10 Percent

NEW YORK (AP) -- American Express Co. said Monday its profit slumped nearly 10 percent in the fourth quarter as it set aside more money to prepare for cardholder defaults. American Express' customers tend to spend more and have stronger credit histories than the average cardholder, so the company looks better shielded against a tough 2008 than many other lenders. Still, investors appeared concerned that AmEx is girding for deteriorating credit conditions and slower U.S. spending.

http://biz.yahoo.com/ap/080128/earns_american_express.html?.v=4
 
8:00am ET
BRIEFING.COM] S&P futures vs fair value: +3.3. Nasdaq futures vs fair value: flat. Futures point to a flat to slightly higher open. Earnings reports have been mostly better than expected. 3M (MMM) topped estimates by two cents and reaffirmed its FY08 earnings guidance. Eli Lilly (LLY) and EMC (EMC) beat their estimates and provided reassuring FY08 guidance. American Express (AXP) met, but continues to be cautious in its 2008 outlook. VMware (VMW) beat expectations but is getting clipped in pre-market trading after guiding revenues slightly below the consensus estimate.
 
Countrywide Loses $422 Million Due to Rising Loss Provisions and Impairment Charges

CALABASAS, Calif. (AP) -- Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it swung to a loss in the fourth quarter due to rising loss provisions and impairment charges.

Countrywide lost $422 million, or 79 cents per share, during the fourth quarter, compared with earnings of $622 million, or $1.01 per share, during the same period the previous year. Analysts polled by Thomson Financial, on average, forecast a loss of 30 cents per share for the quarter.
 
Eli Lilly 4Q Earnings Rise Sharply
Tuesday January 29, 7:43 am ET Eli Lilly Reports Surge in 4th-Quarter Profit on Strong Drug Sales

INDIANAPOLIS (AP) -- The drugmaker Eli Lilly & Co. said Tuesday its fourth-quarter profit surged from a year-ago period which included hefty restructuring and costs and liability charges related to its anti-psychotic drug, Zyprexa.

For the quarter ended Dec. 31, the Indianapolis-based company earned $854.4 million, or 78 cents per share, compared with $132.3 million, or 12 cents per share, a year ago. Excluding certain restructuring and acquisition charges, adjusted earnings rose 10 percent to 90 cents per share from 82 cents per share.
 
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