Morning Morsel

Gold is at more new highs, it has had about two down days in twenty. The ADP employment number is out at 8:15 and the Fed’s Beige Book is out this afternoon.

Fritz Peterson is out and GM, they must be dressing up the company for that hot IPO next year. The search for a new head at Bank of America hits another snag. Two sweetheart positions, I can’t believe they haven’t been filled yet.

Cyber Monday sales were great and Amazon makes new highs everyday.

AIG stock has been all over the palce the last two days, interesting to see how that dance ends.

Wednesday, December 02, 2009

Economic
7:30 Nov Challenger Job Cuts y/y (last -50.7%)
8:15 Nov ADP Employment Change (last -203K)
10:30 DoE Crude Oil/Gasoline/Distillate Inventories
12:00 TALF Announcement
14:00 Fed’s Beige Book
Events
12:30 Fed’s Lacker to speak on economic outlook. Bank of America Credit Conference. Citigroup Basic Materials Conference. JP Morgan SMid Cap Conference. XEL Investor Meeting. MBA Mortgage Applications (7:00, last -4.5%). Same-store sales after the close. Trades Ex-dividend: ADI $0.20, PEP $0.45, CHRW $0.25, PBG $0.18.
Earnings
Before the Open: CHRS, PTRY, SYNO. After the Close: ARO, PSS, JAS, SEAC, SNPS.
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