Markets Friday, 09/21/2007

Friday, 9/21/2007

| Dow : 13820.19 up 53.49

| S & P : 1525.75 up 7.00

| NASDAQ: 2671.22 up 16.93

| Bond (10Y): 4.62%, 100.97

MARKETS:
Stocks rally on day, week
Wall Street surges at end of strong week thanks to Oracle and Nike
results; dollar, oil prices in focus.

Forums:

如何看天主教北京主教任命？

中國官方天主教同梵蒂岡改善關系，加強了自己的地位，是否也對其他宗教產生影響？
More...go to

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

U.S. stocks lifted as Nike, Oracle earnings top estimates

11:51 am ET Sep 21, 2007

DJIA

13,858

+91.45

S&P

1,529

+10.99

NASDAQ

2,678

+23.74

10Yr

4.66%

-0.012

U.S. stocks lifted as Nike, Oracle earnings top estimates

NEW YORK
U.S. stocks climbed Friday, with positive earnings from Oracle Corp. and
Nike Inc. helping set a positive tone in what could prove to be a
volatile session as key futures and options contracts expire.

Nike profit surges on Europe, Asia gains

NEW YORK
Nike Inc., the world's largest athletic-shoe maker, said Thursday that
first-quarter profit surged 51%, beating estimates, helped by a tax
benefit and gains in Europe and Asia.

Texas Instruments authorizes further buybacks, hikes dividend

SAN FRANCISCO
The board of Texas Instruments Inc. authorized further funds for stock
repurchases and hiked the cell-phone chipmaker's cash dividend for the
second time this year, sending TI's shares higher Friday.

Oracle shares hit new high on upbeat earnings report

SAN FRANCISCO
Oracle Corp. shares rose more than 4% in early trading Friday following
a strong first-quarter profit report from the business software maker
early Friday.

Metals Stocks: Gold gains after tapping a 27-year high, ready for a
weekly gain

SAN FRANCISCO
Gold futures climbed Friday, trading slightly below the 27-year high
they saw in electronic trading, but ready to score a gain of more than
$25 an ounce for the week as a weak dollar and high oil prices continued
to help fed demand for the precious metal.

Markets Thursday, 09/20/2007

Thursday, 9/20/2007

| Dow : 13766.70 down 48.86

| S & P : 1518.75 down 10.28

| NASDAQ: 2654.29 down 12.19

| Bond (10Y): 4.69%, 100.38

MARKETS:
Post-rally, stocks slide
Wall Street retreats after a two-day advance; bank earnings, subprime
hearing, weak dollar, record oil prices all in focus.

Crude oil climbs to settle at a record $83.32 a barrel as the dollar falls to record lows against the euro.

Date: Thu, 20 Sep 2007

Crude oil climbs to settle at a record $83.32 a barrel as the dollar
falls to record lows against the euro.

Wall Street lower after two days of gains

11:51 am ET Sep 20, 2007

DJIA

13,795

-20.16

S&P

1,525

-3.93

NASDAQ

2,661

-5.33

10Yr

4.60%

+0.073

Wall Street lower after two days of gains

NEW YORK
U.S. stocks were mildly lower Thursday as Wall Street mostly bypassed
better-than-expected figures on the employment front to step back from
two sessions of solid gains inspired by the Federal Reserve's
interest-rate cut.

FedEx trims fiscal 2009 outlook; economic slowdown hits profit

NEW YORK
FedEx Corp., the package-delivery and air-cargo giant that's closely
watched as an economic barometer, warned Thursday that soaring fuel
prices and turmoil in the U.S. housing and financial markets are taking
a toll on its earnings.

Iranian-American Released From Prison

Breaking News
September 20, 2007

Iranian-American Released From Prison

Iran's official news agency says an urban planner jailed for four months
on charges of endangering the nation's security is out on bail.
According to the government, Kian Tajbakhsh would need a judge's
permission to leave the country. 

Edwards "Bundler" To Go To Prison

Democratic presidential candidate John Edwards received donations
bundled by trial lawyer William S. Lerach when Lerach was already likely
to face criminal charges to which he pleaded guilty on Tuesday, the
Washington Post reports. 

In Iraq, coping after a hero dies saving you

Date: Thu, 20 Sep 2007

NEWS

More delays in shift to Iraqi control
---------------------------------------------
In another sign of U.S. struggles in Iraq, the target date for putting
Iraqi
authorities in charge of security in all 18 provinces has slipped yet
again,
to at least July.

Rice heads to talks with angered Palestinians
---------------------------------------------
Israel on Wednesday declared the Gaza Strip an "enemy entity" and said
it
would cut back power and fuel supplies to the Hamas-ruled territory,
enraging
Palestinians as Secretary of State Condoleezza Rice began a peacemaking
mission to the region.

Al-Qaeda: Bin Laden to declare war on Pakistan's president
---------------------------------------------
Osama bin Laden will release a new message soon declaring war on
Pakistani
President Pervez Musharraf, al-Qaeda announced Thursday. The
announcement of
the upcoming message came as al-Qaeda released a new video in which bin
Laden's deputy, Ayman al-Zawahri, boasted that the United States was
being
defeated in Afghanistan, Iraq and other fronts.

MONEY
Rate cut revs up stocks for run at the record
---------------------------------------------
The Federal Reserve's surprise half-point interest rate cut has injected
life
into stocks for two consecutive days and stirred optimism that two
months of
turmoil might finally be over.

Fed to propose additional consumer protections against mortgage foreclosure.

Date: Thu, 20 Sep 2007 09:00:18 -0400

Bernanke: Fed to propose additional consumer protections against
mortgage foreclosure.

Breaking News Wed., September 19, 2007

Date: Wed, 19 Sep 2007

FORMER CBS ANCHOR DAN RATHER FILED A $70 MILLION LAWSUIT AGAINST THE
NETWORK, VIACOM INC., AND THREE OF HIS FORMER BOSSES.

Markets Wednesday, 09/19/2007

Wednesday, 9/19/2007

| Dow : 13815.56 up 76.17

| S & P : 1529.03 up 9.25

| NASDAQ: 2666.48 up 14.82

| Bond (10Y): 4.54%, 101.66

MARKETS:
Wall Street cheers Fed, day 2
Stocks extend the previous session's rally after central bank cuts rates
by a half-percentage point; mild reading on consumer prices helps.

Forums:

Date: 19 Sep 2007
如何看中、美、俄的情報活動？

大國間情報活動恢復到冷戰時期的水平，是否等于他們對彼此的戒備也達到了冷戰的水平？
More...go to

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

U.S. stocks higher, basking in afterglow of Fed rate cut

11:51 am ET Sep 19, 2007

DJIA

13,831

+92.10

S&P

1,532

+12.69

NASDAQ

2,672

+20.89

10Yr

4.55%

+0.072

U.S. stocks higher, basking in afterglow of Fed rate cut

NEW YORK
U.S. stocks climbed higher Wednesday, as major indexes neared levels not
breached since late July, with investors buoyed by optimism sparked by
the Federal Reserve's larger-than-expected answer to Wall Street's call
for a cut in interest rates.

Morgan Stanley makes bigger cut in value of assets than Lehman

SAN FRANCISCO
Morgan Stanley said on Wednesday that it cut the value of loans and
commitments by roughly $940 million, more than similar reductions
unveiled yesterday by rival investment bank Lehman Brothers.

Regulator loosens rules on Fannie, Freddie

WASHINGTON
In a bid to help struggling subprime-mortgage borrowers, Fannie Mae's
and Freddie Mac's federal regulator said Wednesday it will allow the two
huge mortgage-buyers more buying power in the mortgage market.

U.K. regulator urged action ahead of Northern Rock crisis

LONDON
The U.K.'s financial services regulator repeatedly urged the Bank of
England to intervene in money markets in order to stave of a crisis in
confidence surrounding U.K. mortgage lenders, according to a published
report Wednesday.

Subprime Today: Global markets cheer Fed cut: Morgan Stanley profit
falls

Fed's bold cut means savings for consumers

Date: Wed, 19 Sep 2007

NEWS

Typhoon Wipha pummels eastern China; 1 dead
---------------------------------------------
Typhoon Wipha slammed into the coast south of Shanghai early Wednesday,
flooding streets and fields and causing massive transport disruptions.
One man
was electrocuted.

Civil 'Jena Six' town braces for rally
---------------------------------------------
Residents of Jena, La., say lingering racial separation is typical of
small
towns in the South and doesn't justify a portrait of a town awash in
racial
hate. Now the town of 3,000 braces for tens of thousands of
demonstrators
Thursday, rallying on behalf of the teens who have come to be known as
the "Jena Six."

Shy about public eating: A precursor to anorexia?
---------------------------------------------
Whenever Leslie Lipton was handed a menu, she'd freeze. She suddenly
would
feel that all eyes were upon her, noticing and judging her eating
habits. This
was something she couldn't quite swallow when she was a teenager.

MONEY

World stocks rally after Fed's rate cut
---------------------------------------------
Asian and European stock markets rallied Wednesday in the wake of Wall
Street's overnight surge spurred by the U.S. Federal Reserve's
larger-than-
expected interest rate cut.

Oil touches new intraday record, then turns lower, after weak crude inventories and gasoline increase.

Date: Wed, 19 Sep 2007

Oil touches new intraday record, then turns lower, after weak crude
inventories and gasoline increase.

Markets Tuesday, 09/18/2007

Tuesday, 9/18/2007

| Dow : 13739.39 up 335.97

| S & P : 1519.78 up 43.13

| NASDAQ: 2651.66 up 70.00

| Bond (10Y): 4.47%, 102.19

MARKETS:
'Hallelujah' the Fed swoops in
Wall Street hails central bank's decision to cut the fed funds rate by a
half-percentage point; Dow sees best one-day point gain in nearly 5
years.

Breaking News: Fed slices rates by a half-point

Date: Tue, 18 Sep 2007 13:19:17 -0500

WASHINGTON - The Federal Reserve pushed down interest rates by a
half-percentage point Tuesday in a dramatic bid to shore up confidencein
the economy and to ease worries about a credit crunch in
financialmarkets.

The Federal Reserve cuts its key interest rate by a half of a percentage point to 4.75 percent.

Date: Tue, 18 Sep 2007 14:15:16 -0400

The Federal Reserve cuts its key interest rate by a half of a percentage
point to 4.75 percent.

Health care spending highest in Northeast

09/18/2007
NEWS

Health care spending highest in Northeast
---------------------------------------------
Staying healthy is a costly business in the United States, particularly
in the
Northeast, government statistics show. Annual health care spending per
person
totaled $6,151 there, compared to a national average of $5,283, the
Centers
for Medicare and Medicaid Services reports in Tuesday's issue of the
journal
Health Affairs.

Afghan officials: U.S. kills hostage taker
---------------------------------------------
U.S. airstrikes targeting a meeting of Taliban leaders killed a
high-ranking
commander involved in the kidnappings of 23 South Koreans two months
ago,
Afghan officials said Tuesday.

Lawyer: Musharraf to give up army post
---------------------------------------------
President Gen. Pervez Musharraf will step down as army chief and
restore
civilian rule to Pakistan, but only after he secures re-election as
president,
a government lawyer said Tuesday.

MONEY

Market betting on rate cut
---------------------------------------------
The market is betting on a rate cut from the Federal Reserve when the
central
bank meets Tuesday, but investors are not completely sure what it will
do and
what it will say in its accompanying economic statement. Also, with the
major
brokerages' third-quarter results yet to be released, investors are
uncertain
about how badly the summer's stock downturn, souring home loans, and
credit
squeeze hit the banking industry.

Rate cut expected today: Investors look to Bernanke
---------------------------------------------
The fate of the stock market, most Wall Street pundits say, now rests in
the
hands of Ben Bernanke, the nation's top central banker.

Fort Collins, Colo.: Downturn mostly misses stable area
---------------------------------------------
Colorado is among the 10 states with the highest home foreclosure rates.
But
not every city in the state is suffering.

U.S. stocks advance on Lehman report, ahead of Fed move

11:50 am ET Sep 18, 2007

DJIA

13,501

+97.79

S&P

1,488

+11.81

NASDAQ

2,596

+15.29

10Yr

4.49%

+0.019

U.S. stocks advance on Lehman report, ahead of Fed move

NEW YORK
U.S. stocks pulled cautiously higher Tuesday with investors emboldened
by earnings from Lehman Brothers, yet treading lightly ahead of what's
likely to be the Federal Reserve's first cut in benchmark interest rates
in more than four years.

Lehman's quarterly net slips but tops expectations; shares gain

NEW YORK
Lehman Bros. Holdings Inc. reported Tuesday third-quarter net income
fell 3.2% as the investment firm took more than half a billion dollars
in writedowns for troubled fixed-income securities.

The Fed: 25 or 50? -- Bernanke's Fed faces a key test

WASHINGTON
When Federal Reserve Board Chairman Ben Bernanke sits down to write his
book, the odds are that there will be a chapter on the meeting he and
his fellow central bankers will have Tuesday.

Iraq Orders Blackwater USA Contractors Out

Breaking News
September 18, 2007

Iraq Orders Blackwater USA Contractors Out

Iraq's government has ordered Blackwater USA staff to get out, sending
the State Department's top brass into a diplomatic surge to keep the
security contractors who protect American diplomats in the country. But
Iraqis seem pleased by the move. 

Wholesale prices tumble 1.4% in August, but 0.2% gain excluding food and energy tops forecasts.

Date: Tue, 18 Sep 2007

Wholesale prices tumble 1.4% in August, but 0.2% gain excluding food and
energy tops forecasts.

Markets Monday, 09/17/2007

Date: Mon, 17 Sep 2007

| Dow : 13403.42 down 39.10

| S & P : 1476.65 down 7.60

| NASDAQ: 2581.66 down 20.52

| Bond (10Y): 4.46%, 102.25

MARKETS:
Wall Street's pre-Fed woes
Stocks slip as investors consider Microsoft EU ruling, gear up for
Tuesday's rate decision.

Greenspan says tried but failed to raise U.S. mortgage rates

11:51 am ET Sep 17, 2007

DJIA

13,377

-65.52

S&P

1,473

-11.20

NASDAQ

2,576

-26.00

10Yr

4.48%

+0.014

Greenspan says tried but failed to raise U.S. mortgage rates

WASHINGTON
Former Federal Reserve Board chairman Alan Greenspan says he tried to
raise mortgage rates to head off a housing bubble, but the effort came
to naught because of "global forces" that had the effect of keeping
long-term interest rates low.

Northern Rock under further pressure as deposits disappear

LONDON
Shares of U.K. mortgage lender Northern Rock dropped as much as 41% on
Monday, retreating further following reports that nervous customers,
worried the bank would go under, have pulled out 2 billion pounds ($4
billion).

Futures Movers: Crude oil falls on profit-taking after record run

NEW YORK
Crude-oil futures fell early Monday as traders continued to lock in
gains following oil's rise to a record high above $80 a barrel last
week.

Microsoft appeal rejected by European court; fine upheld

SAN FRANCISCO
The European Court of First Instance on Monday rejected an appeal by
Microsoft to annul the antitrust decision by the European Commission,
upholding a fine of 497 million euros ($689 million).

Market Snapshot: U.S. stocks drop ahead of FOMC

NEW YORK
U.S. stocks fell Monday after ex-Federal Reserve Chairman Alan Greenspan
offered bleak words on the economy and a U.K. lender's ongoing trouble
added to a negative tone ahead of the Fed's interest-rate decision.

Breaking News Mon., September 17, 2007

Date: Mon, 17 Sep 2007

PRESIDENT BUSH HAS OFFICIALLY NOMINATED FORMER FEDERAL JUDGE MICHAEL
MUKASEY FOR ATTORNEY GENERAL

News Alert! Bush To Nominate Michael Mukasey For Attorney General

Date: Sun, 16 Sep 2007

President Bush has settled on retired federal judge Michael Mukasey as
attorney general, to succeed Alberto Gonzales, according to a source
familiar with Bush's decision.

U.S. presidents through the eyes of Greenspan

Date: Mon, 17 Sep 2007
NEWS

Thai official blames wind for jet crash that killed 90
---------------------------------------------
Investigators searched Monday through charred remains of a plane that
crashed
and killed 90 people mostly foreigners on Thailand's resort island of
Phuket,
while an airline official said wind shear may have doomed the flight.

'Jena Six' backers plan rally; verdict vacated
---------------------------------------------
The NAACP expects as many as 60,000 people from more than 30 cities to
descend
this week on Jena, La., a poor, rural community of 3,000 at the center
of a
racially charged case involving six black high school students charged
with
beating a white classmate.

In the Southwest, fixing the fence never ends
---------------------------------------------
Keeping the U.S.-Mexico border fence repaired has become a constant
battle for
U.S. Border Patrol and National Guard engineering units, whose work has
added
an increasingly expensive layer to the cat-and-mouse game between U.S.
law
enforcement and illegal immigrants.
http://www.usatoday.com/news/nation/2007-09-16-border-fence_N.htm

MONEY

GM-UAW talks temporarily end early
---------------------------------------------
Bargainers for General Motors Corp. and the United Auto Workers took a
break
early Monday amid optimism that they are getting closer to reaching a
critical
contract agreement.

U.S. presidents through the eyes of Greenspan
---------------------------------------------
Former Federal Reserve chairman Alan Greenspan worked with every
president
except Jimmy Carter after signing on in 1967 as an adviser to Richard
Nixon
during his bid for the White House. In his book, "The Age of
Turbulence,"
Greenspan expresses sometimes strong opinions about the presidents,
their
personalities, their leadership styles and how effectively they
governed. A
look:
http://www.usatoday.com/money/books/2007-09-17-greenspan-presidents_N.htm

Clinton To Offer Sweeping Health Care Plan

Breaking News
September 17, 2007
Clinton To Offer Sweeping Health Care Plan

Democratic presidential candidate Hillary Rodham Clinton is unveiling a
health care reform proposal Monday that would require every American to
carry health insurance and offer federal subsidies to help reduce the
cost of coverage.

87 people died in an airline crash Sunday in Phuket, Thailand

Date: Sun, 16 Sep 2007

Thailand's health ministry says 87 people died in an airline crash
Sunday in Phuket, and 43 people survived.