Archive - May 4, 2012 - Story

• Japan has 54 nuclear reactors, but as of Saturday, not one of them will be in operation (Guardian)
• US Readies Proposal to Clamp Down on Fracking (Reuters)
• California pension fund (CALSTRS) sues Wal-Mart, alleges bribery (Reuters)
• New Ripples for Gupta Case: Goldman Share Price, Volume Began Climbing Even Before Rajaratnam Trades (WSJ)
• China says blind dissident can apply to study abroad (Reuters)
• China paper calls Chen a U.S. pawn; envoy is a "troublemaker" (Reuters)
• Samsung’s New Galaxy S Phone Raises Heat on Apple Iphone (Bloomberg)
• Draghi predicts 2012 eurozone recovery  (FT)
• Tumbling Home Ownership Marks a Return to Normal (Bloomberg)
• Zuckerberg Facebook IPO to Make Him Richer Than Ballmer (Bloomberg)
• SEC probes Chesapeake and its chief (FT)

Here is what Wall Street expects will be announced at 8:30 am Eastern today:

And while as usual the actual number will be largely meaningless, and is merely an indication of our headline chasing nature since as the BLS itself says the error interval is +/- 100,000, a few hnndred purely statistical jobs will make or break the market and send it soaring on either "virtuous circle" expectations, or on NEW QE coming back with a bang.