Auto bailout fails. What a mess.

The deal died in the Senate, so Wall Street's likely to take a dive.The failure of Senate talks on a $14 billion deal to rescue the U.S ... Yasutoshi Nagai, chief economist at Daiwa Securities SMBC in Tokyo. U.S. stock futures were lower in screen trade with Dow Jones Industrial Average futures down 320 points; spreadbetting firms in Europe [more...]

Date: 2008-12-13 00:09:45

Blog posts (11) | Videos (3)
 

Some Opening Comments December 10 2008

Prices of Treasury coupon securities are retreating in overnight trading as the prospect of an agreement on an auto industry bail out, ... to 2.70 percent and the yield on the Long Bond is higher by 5 basis points at 3.10 percent. Equity ... . Trading in futures markets indicates that US markets should open with modest gains today. Reports [more...]

Date: 2008-12-10 12:25:44

GMAC Deal Boosts Auto Stocks

Autos The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on the second-to-last full day of equity trading before the end of the year. On the back of the news, shares of GM were up by nearly 8% and rival Ford Motor Co. gained 5.9%, while stock futures rose [more...]

Date: 2008-12-30 14:03:40

GMAC Deal Boosts Auto Stocks

Autos The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on the second-to-last full day of equity trading before the end of the year. On the back of the news, shares of GM were up by nearly 8% and rival Ford Motor Co. gained 5.9%, while stock futures rose [more...]

Date: 2008-12-30 17:03:00

Auto Announcement Beckons, While Oil Falters

Expectations for a bit of support for the automakers through a $17 billion loan package — to be announced at 9 a.m. ET by President Bush — aren’t doing much for futures today. With this session marking options ... that trading should drastically be curtailed as the end of the year approaches. Futures project a slightly [more...]

Date: 2008-12-19 13:48:54

Auto Announcement Beckons, While Oil Falters

Expectations for a bit of support for the automakers through a $17 billion loan package — to be announced at 9 a.m. ET by President Bush — aren’t doing much for futures today. With this session marking options ... that trading should drastically be curtailed as the end of the year approaches. Futures project a slightly [more...]

Date: 2008-12-19 14:08:38

So Much for the Santa Claus Rally

Those of you who have been following Guido's trading on the right will have seen it jump substantially last week. Guido was short Dow and FTSE futures which collapsed after the auto-bailout deal in Washington ... rallies in the Dow and FTSE, quickly covering after significant drops. Somehow Guido managed to lose [more...]

Date: 2008-12-13 15:54:15

Stock futures mixed ahead of auto sales data (AP)

Traders react as they eye financial charts and data on the floor of the New York Stock Exchange, Friday Jan. 2, 2009 ... proceeded warily into the first full week of 2009, trading mixed in premarket activity Monday ahead ... in light holiday trading (AP) AP - Wall Street rose modestly in light holiday trading...European stocks [more...]

Date: 2009-01-05 12:00:27

Bailout dead, automakers in search of a lifeline

posted by Zimbio_Partner The auto industry's cash-flow crisis has landed back at the White House doorstep and no "Welcome" mat is yet in sight ... to plunge when trading opened. Dow Jones industrial futures were down more than 200 points. The Bush [more...]

Date: 2008-12-18 13:50:08

STOCK FUTURES MIXED AHEAD OF AUTO SALES DATA (AP)

Traders react as they eye financial charts and data on the floor of the New York Stock Exchange, Friday Jan. 2, 2009 ... proceeded warily into the first full week of 2009, trading mixed in premarket activity Monday ahead [more...]

Date: 2009-01-05 12:00:27

Stock futures mixed ahead of auto sales data (AP)

Traders react as they eye financial charts and data on the floor of the New York Stock Exchange, Friday Jan. 2, 2009 ... proceeded warily into the first full week of 2009, trading mixed in premarket activity Monday ahead [more...]

Date: 2009-01-05 12:00:27

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