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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are quiet ahead of Friday’s open as the market waits for GDP and Yellen’s speech from Jackson Hole, WY.

Gary’s Thoughts: 10 am Yellen speech…blah blah blah! We’ll have big report for you on Sunday. And do not forget…WE ARE NOW INTO END OF MONTH WINDOW DRESSING…even though it is illegal to window dress so it does not happen!

Economic Data:

  • GDP 8:30 AM ET
  • International Trade in Goods 8:30 AM ET
  • Corporate Profits 8:30 AM ET
  • Consumer Sentiment 10:00 AM ET
  • Janet Yellen Speaks 10:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET

Highlights:

  • Chinese Takeovers Trigger Global Backlash Ahead of G-20 Summit
    Gary’s Thoughts:  Will they pay for paying up? 
  • Uber Loses at Least $1.2 Billion in First Half of 2016
    Gary’s Thoughts: Wow…did not know this. No wonder they haven’t gone public. That’s a lot of cake.