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Frontrunning: April 21

Tyler Durden's picture




 
  • S&P Raises the Stakes in Deficit Battle (FT)
  • France and Switzerland most exposed to Greece's debt crisis, say analysts (Guardian)
  • EU Budget Plan Angers Austere States (FT)
  • Prospects Of Stepped-Up Yuan Strength Lifts Asia FX (Market News)
  • Bernanke Bond Market Signals No Shift With Obama Deficit Cutting (Bloomberg)
  • Bernanke to Open Up as Fed Embarks on Era of Glasnost (Hilsenrath)
  • Australia Won’t ‘Manipulate’ Currency Now at Record (Bloomberg)
  • World Revs Up U.S. Profits (WSJ)
  • Balkan Economic Recovery Is at Risk From Greek Woes, Mirow Says (Bloomberg)
  • S. Korea to Inspect Banksover FX Derivatives Trade (Reuters)
  • U.S., Europeans Step up Efforts to Aid Libyan Rebels (WaPo)
  • Photographer Killed in Battle (WSJ)
  • South Korea Renews Currency-Market Scrutiny (WSJ)

Summary Highlights from Egan Jones:

  • Asia central banks intervene as currencies rally.
  • Brazil raises benchmark interest rate to 12% - third rate hike this year.
  • Japan’s corporate loan demand rises for first time since 2009 after quake.
  • Akzo Nobel NV reported that Q1 net income rose 58% on 16% higher revenue.
  • American Electric Power's March net income rises from $345M to $353M.
  • American Express profit climbs 33% on card purchases, fewer late payments.
  • Amgen's Q1 net slips 3.1% to $1.13B despite a 3% rise in revs to $3.71B.
  • Apple's net income rises 95% to $5.99B after IPhone debuts for Verizon.
  • Dai-ichi gets regulatory approval to acquire Tower Australia Group.
  • E*Trade reported Q1 EPS of $0.16, beating analyst estimate of 12 cents on average.
  • Ferrexpo Plc surges amid speculation that Vale SA will make a bid for the co.
  • Fiat to raise Chrysler stake by 16% in Q2, to pay €1.268B to exercise the option.
  • GE's March net income rises from $1.9B to $3.4B.
  • Gilead Sciences posts Q1 EPS of $0.87 (cons $0.97). Revs fell 8% to $1.93B.
  • Honeywell beats by $0.06, beats on revs; raises FY11 EPS view, revs above cons.
  • HSBC Holdings CEO plans to announce a major shakeup at an investor day on May 11.
  • JetBlue's March net income rises from a $1M loss to a $3M gain.
  • Kinder Morgan Partners reports Q1 EPS of $0.43; revs fell 6.4% to $1.99B.
  • McCormick & Schmick's Board rejects LSRI Holdings' unsolicited tender offer of $9.25/sh.
  • Morgan Stanley's March net income declines from $1.8B to $966M.
  • Qualcomm's Q2 profit rises 29.1% to $999M as revs jump 44.4% to $3.9B.
  • Sallie Mae reinstates student lender’s dividend as loan originations gain.
  • Southwest's March net income falls from $11M to $5M.
  • TEPCO in talks with its labor union to cut annual salaries of employees by about 20%.
  • Terex misses by $0.07, beats on revs; raises FY11 revs in-line, reaffirms EPS view.
  • Verizon's March net income rises from $409M to $1.4B.
  • Xerox's March net income rises from a $42M loss to a $281M gain.
  • YUM! Brands misses by $0.01, beats on revs. Q1 EPS at $0.63. Revs rose 3.4% to $2.42B.

Economic Calendar: Data on Initial & Continuing Claims, Philadelphia Fed, Leading Indicators, FHFA Housing Price Index to be released today.
Earnings Calendar: AEP, AMD, APD, BAX, BBT, BIIB, BLK, BX, CB, CHINA, CNH, COV, DHR, DO, DOV, ESV, FITB, GE, IDXX,

 

 

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Thu, 04/21/2011 - 08:34 | 1191819 Careless Whisper
Careless Whisper's picture

just discovered that every iphone is recording your location every 15 minutes, everyday, all the time, recording it in secret file, then syncs the file to your itunes account. not encrypted. no explaination from apple. does the name echelon...

well there's stories everywheer on this, but here's the link if you want the app to map your secret file if you have an iphone.

http://petewarden.github.com/iPhoneTracker/

 

 

 

Thu, 04/21/2011 - 09:09 | 1191944 velobabe
velobabe's picture

but can it do this tracking if you don't have cell service or GPS from 3G? i just have wifi at home.

Thu, 04/21/2011 - 09:34 | 1192052 Careless Whisper
Careless Whisper's picture

idk, but probably.

According to Warden and Allan, the data seems to be compiled from cell tower triangulation, rather than GPS, which reduces its full precision (in my own investigation, I noted there also appears to be a log of Wi-Fi location data as well).

 

http://www.pcworld.com/businesscenter/article/225738/iphone_revealed_to_...

Thu, 04/21/2011 - 11:29 | 1192478 velobabe
velobabe's picture

scandal, drugs, money and FDA. us postal service investigating the bad Dr. for Possible charges could include money laundering, tax avoidance, conspiracy and fraud.

Gazzetta dello Sport reveals more details about Dr Ferrari investigation
Added
April 21, 12:10

Italian newspaper suggests the case is more about illegal payments than doping

Thu, 04/21/2011 - 08:36 | 1191827 Careless Whisper
Careless Whisper's picture

Auto company CEOs attend Shanghai Auto Show, dis NY Auto Show.

http://autonews.gasgoo.com/china-news/automaker-ceos-court-customers-in-...

 

Thu, 04/21/2011 - 08:42 | 1191850 Careless Whisper
Careless Whisper's picture

Jerry Seinfeld cancels Trump charity event for NY children's hospital.

http://www.nypost.com/p/pagesix/trump_blasts_seinfeld_pullout_0S8zYf2OzI...

 

Mon, 04/25/2011 - 20:34 | 1206081 thames222
thames222's picture

O.M.G.  did Jerry just "Fire" Donald?  I wonder what the Jewish population will think of the Don's presidential candidacy.

 

www.forecastfortomorrow.com

Thu, 04/21/2011 - 08:52 | 1191886 Kina
Kina's picture

My god, a political leader that actually talks a lot of sense, Australia's Rudd. No wonder they replaced him with some union owned hack in J Gillard.

Thu, 04/21/2011 - 09:12 | 1191956 velobabe
velobabe's picture

what, did japan just dry up in the news, tyler?

Thu, 04/21/2011 - 10:05 | 1192149 SteveNYC
SteveNYC's picture

As if things in the USA were already not so far skewed in favor of the large corporations:

World Revs Up U.S. Profits

- Weak dollar crushes residents, aids profitability of large corporations

- Regulatory and political capture almost across the board

- Highest income disparity since 1928

 

Things are looking up!

Fri, 04/22/2011 - 12:08 | 1196375 APC
APC's picture

"France and Switzerland most exposed to Greece's debt crisis, say analysts"

 

This article is dated Feb 2010.  Don't think I missed it then.  Something I'm missing now?

Mon, 04/25/2011 - 20:34 | 1206084 tomster0126
tomster0126's picture

Things are not looking up!  Lol, we're still fucked!  prices are not going to drop, and that's what matters for now.

 

www.forecastfortomorrow.com

Wed, 05/04/2011 - 22:10 | 1241697 tp123
tp123's picture

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