The Closing Look
Stocks were closed on Monday in observance of Labor Day. On Tuesday, stocks were quiet as investors returned from the long holiday weekend. Over the weekend the G-20 held their latest meeting but didn’t agree to anything substantial. On Tuesday, the ISM non-manufacturing index fell to a 6.5 year low and missed estimates. This was the…
The Morning Look
Market Update: Stock futures are flat ahead of Wednesday’s open as the major indices remain perched below record highs. Gary’s Thoughts: New group turning up? Airlines! Watch them. Other transports also…rails… Economic Data: MBA Mortgage Applications 7:00 AM ET Gallup U.S. Job Creation Index 8:30 AM ET Redbook 8:55 AM ET PMI Services Index 9:45 AM ET Esther George…
Cash in a Box Catches On as Swiss Negative Rates Bite
http://www.bloomberg.com/news/articles/2016-09-06/cash-in-a-box-catches-on-in-switzerland-as-negative-rates-bite
Saudi Arabia Said to Weigh Canceling $20 Billion of Projects
http://www.bloomberg.com/news/articles/2016-09-06/saudi-arabia-said-to-weigh-canceling-20-billion-of-projects
Carl Icahn: Investors should be worried @FoxBusiness
https://video.foxbusiness.com/v/5114374963001/carl-ichan-investors-should-be-worried/?#sp=show-clips
Carl Icahn: U.S. Economy is Troubled @FoxBusiness
http://www.foxbusiness.com/markets/2016/09/06/carl-icahn-u-s-economy-is-troubled.html
Italy PM Renzi sees Monte Paschi cash call by end-year
http://www.reuters.com/article/us-italy-banks-montepaschi-idUSKCN11C24W?il=0
China’s online chatter muted ahead of Apple iPhone 7 launch
http://www.reuters.com/article/us-apple-iphone-china-idUSKCN11C24C?il=0
U.S. services sector activity hits a six and a half-year low
http://www.reuters.com/article/us-usa-economy-pmi-services-idUSKCN11C1P7?il=0