Metropolis Opinion

Hello World!

Below are those news mail from Reuters. I try to collect and post for you with 2 purposes. First is to try show you latest day about financial crisis, the journey to crash. Highlight about condition and actions from FED, Companies, Market, Stocks, and others actions to save and to minimize lost or necessary action to save financial crash, highlight about 29 crash companies, FED actions, to save their credit crunch. Second is to know about the journey of the impacts that created by credit crunch and the impacts to countries.

Reuters Before the Bell also provide highlight about live data, transaction and all activities in Wall Street, Stock Index, Gold price and any economic and financial news.

Goodbye
FRI 10 Oct 2008
“Sell, Baby, sell!” - Those are the words Wall Street has been living by for the past seven sessions, and today seems to be no exception. Stock futures are pointing down.
But hey, it may not be fun to be an investor, stockbroker or fund manager, but overseeing a major economy is no picnic either.
Group of Seven finance ministers are under heavy pressure to come up with something at their meeting later today to calm the markets down and revive the banking system. Treasury Secretary Hank Paulson will hold a post-G7 news conference.
The Wall Street Journal says the U.S. government is looking at guaranteeing billions of dollars in bank debt and temporarily insuring all bank deposits.
The economic mess has pushed oil prices down and prompted the International Energy Agency to cut its forecast for black gold demand growth to a 15-year low.
U.S. Treasuries are lower, but the dollar is up against an index of major currencies.
Data on tap includes the international trade deficit and import-export prices.
General Electric’s quarterly results have done nothing to … er, electrify the market. The stock is down even though earnings were in line with the conglomerate’s reduced forecast.
And now a personal note. This will be the last editor’s message in the Before the Bell news mail, although you’ll still get an automated mailing of the top business and economic stories.
I’ve really enjoyed giving you my take on the ups and downs of the markets, and I wish you all the best in these tumultuous times.
In the closing words of “The Sopranos,” don’t stop believing!
Sincerely,
Lisa Von Ahn
News Mail Editor

Thank You, Big Blue
THU 09 Oct 2008
Like a rubber ball, Wall Street looks set to bounce today – if it doesn’t roll over another ledge.
Stock futures are pointing up after IBM’s preliminary quarterly results beat analysts’ expectations late yesterday. And in light of the market’s brutal pounding over the past six days, equities are starting to look like a bargain.
There’s also the possibility that investors might a bit more optimistic about yesterday’s global rate cuts and looking forward to some good news at the meeting of the Group of Seven leaders this weekend.
The New York Times is reporting that the Treasury Department is considering taking ownership stakes in many banks to lift confidence.
But that’s not all that’s getting lifted. A ban on short-selling of more than 950 financial stocks expired at midnight.
All this is providing plenty of material for the presidents of the Minneapolis and Boston Fed branches, who are both speaking today.
On the data front, we’ve got wholesale inventories and weekly jobless claims.
The dollar is steady against an index of major currencies, while U.S. Treasuries are mixed.
Oil prices are slightly higher after this week’s slide, which has prompted OPEC to consider holding talks to review output.
American International Group shares are up, and no wonder. The troubled insurer could get another $38 billion or so in cash from the Fed.

Until tomorrow,
Lisa Von Ahn
News Mail Editor

Bright Futures
WED 08 Oct 2008
What a difference an interest-rate cut can make. Stock futures were down in the dumps, but are now pointing higher after the Fed and other global central banks slashed the cost of borrowing money.
U.S. Treasuries are mostly higher. The dollar is down against an index of major currencies.
Oil prices, which had hit a 10-month low on the financial crisis, aren’t down nearly as much after the Fed news.
Philly Fed President Charles Plosser is speaking today, and the National Association of Realtors is issuing pending home sales.
Wal-Mart reported monthly same-store sales a hair’s breadth below Wall Street’s expectations, while sticking by its quarterly earnings outlook.
Pfizer tried to suppress medical studies that did not support the use of its Neurontin epilepsy drug, according to internal documents submitted in a lawsuit against the company, which is denying the allegations.
Until tomorrow,
Lisa Von Ahn
News Mail Editor

Bouncing Before Bernanke
TUE 07 Oct 2008
After yesterday’s freefall, there’s nowhere to go but up, or at least that’s what Wall Street is hoping. Stock futures are pointing higher.
Investors are speculating that central banks around the world will mount a response to all the mayhem.
In fact, oil is up near $91 a barrel after a large interest-rate cut in Australia brought hope that other policymakers will follow suit to bolster economic growth.
There’s a dearth of big economic data, but there will be some important stories from the Fed. Chief Ben Bernanke giving a speech on two emotionally loaded subjects — the economic outlook and the financial markets — while Minneapolis branch President Gary Stern will discuss the repercussions of financial shock. And harking back to a comparatively peaceful time, the central bank is releasing minutes from its Sept. 16 meeting.
The dollar is down against an index of major currencies. U.S. Treasuries are mostly lower.
Bank of America shares are lower after the market leader slashed its dividend, announced plans to sell $10 billion in stock and reported lower-than-expected quarterly earnings late yesterday.
After the closing bell, Alcoa will kick off the third-quarter earnings-reporting season, hopefully scoring a goal.
Until tomorrow,
Lisa Von Ahn

MON 06 Oct 2008
European markets were reeling overnight as Germany mulled a nationwide “umbrella” to shield its banking sector from further damage, after bailing out Hypo Real Estate and offering a guarantee of over 500 billion euros for private bank deposits. German Finance Minister Peer Steinbrueck held open the possibility of an EU-wide bailout package akin to the $700 billion package adopted by the United States.

Sweden plans to expand its federal deposit guarantees, and Spain may do the same. South Korea wants to hold crisis talks with Japan and China. The stock market was poised to decline.

Until tomorrow,
Derek Caney
Newsmail Editor

Friday 06 Oct 2008
Good morning and welcome to the namby-pamby wine-sipping arugula-nibbling bastion of the Northeastern liberal elite Before The Bell,
In between calls for more change, more freedom, more bipartisanship, less greed and less corruption, the market is waiting for the House of Representatives’ vote on the $700 billion (plus $150 billion of additional spending) bailout/rescue package. House leaders were said to be cautiously optimistic that the bill would pass, but far from certain.
The market awaits September jobs data, which is expected at 8:30. Economists in a Reuters survey forecast 100,000 jobs were lost during the month up from a loss of 84,000 jobs in August. The unemployment is expected to remain flat at 6.1 percent. Crude oil, bonds and the dollar were up slightly overnight.
Until tomorrow,
Derek Caney
Newsmail Editor

We can work it out
WED 01 Oct 2008
P.S. Shares were down overnight. Suffice to say that if the market is up, it’s because of optimism about the Senate’s approval of a buyout plan. And if it’s down, it’s because of pessimism about the prospects of the bailout. Tuesday’s action took back more than half of the prior day’s record losses. The Senate is expected to vote on the package tonight.
President Bush, who has been guided by the tenets of small government and the free market for the past eight years, approved $25 billion in loan guarantees to the ailing auto industry, at a cost of $7.5 billion to taxpayers. The guarantees give the automakers access to low-interest loans to help convert their fleet to more fuel efficient vehicles.
The automakers are expected to release their month sales figures today. The average forecast is for U.S. auto sales to drop to a 13.5 million annual rate in September from a 16.2 million rate a year earlier and down from a 13.7 million rate in August.
Until tomorrow,
Lisa Von Ahn