Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | Percent | |
| S&P Futures | 1394.8 | -3.7 | -0.26% |
| Eurostoxx Index | 2318.5 | -25.6 | -1.09% |
| Oil (WTI) | 104.2 | -0.8 | -0.71% |
| LIBOR | 0.466 | 0.000 | 0.00% |
| US Dollar Index (DXY) | 78.91 | 0.199 | 0.25% |
| 10 Year Govt Bond Yield | 1.91% | -0.02% | |
| RPX Composite Real Estate Index | 173 | -0.4 |
World equity markets are down slightly this morning as Spain officially entered a recession, although the GDP report was better than expected. Merger Monday is back, with a deal in the energy space (Sunoco) and the healthcare space (Gen-Probe). Bonds and MBS are up small.
Personal income came in at +.4%, and personal consumption came in at +.3%. The Personal Consumption Expenditure (PCE) indices indicate inflation is well under control. The National Association of Purchasing Managers – Milwaukee showed business conditions are improving slightly overall for companies in the Northern Midwest.
No, they didn’t just do a reverse split. Barnes and Noble has doubled this morning on a strategic deal with Microsoft. The new company (NewCo – clever name) will involve the digital and College businesses of B&N and involve a Nook application for Windows 8. This looks like the culmination of B&N’s strategic alternative review announced earlier this year.
Tomorrow (May 1) is New Year’s Eve for the Left. Expect disruptions in the City and overseas.
No M.R. tomorrow as I will be traveling. Wed and Thurs MRs will be late.
Filed under: Morning Report |
All Things in Moderation 
Brent:
Any idea of how the merger will affect Sunoco’s proposed sale of its Philly-area refineries? Also, I thought Gen-Probe was getting bought out by Novartis? I’d better ask Mr. Google …
LikeLike
Mike, according to the PR, this won’t change Sunoco’s planned exit of the refining business.
LikeLike
Thanks, Brent.
Looks like Novartis pulled out of talks for Gen-Probe last July. I’m way behind the times in the pharma/diagnostics space apparently.
LikeLike
Worth a read:
“The Tea Party’s Inner ACLU
A left-right alliance against military detention of terrorists.
The tea party movement has generally been constructive, but every so often it runs off the road. A case in point is its emerging condominium with the anti-antiterror left to block terrorist detentions.”
http://online.wsj.com/article/SB10001424052702303513404577355682588675176.html?mod=WSJ_Opinion_LEADTop
The WSJ Editorial board views this as a negative. I take the opposite position.
LikeLike
Few things are as enjoyable to read as Glenn Greenwald on a tear about press collusion with the administration.
“Monday, Apr 30, 2012 07:52 AM EDT
Dog-training the press corps
Journalists who heap the most lavish praise on the White House are rewarded with the most valuable treats
By Glenn Greenwald”
http://www.salon.com/2012/04/30/dog_training_the_press_corps/singleton/
LikeLike
Also worth a read:
“The Limits to Environmentalism
By Keith Kloor”
http://blogs.discovermagazine.com/crux/2012/04/27/the-limits-to-environmentalism/
LikeLike
” The WSJ Editorial board views this as a negative.”
They’re good establishment/authoritarian conservatives.
Personally, I think its a thing of beauty when the left & right find common ground while questioning the establishment. Another example is when conservationists & environmentalists join forces to protect critical habitat.
LikeLike
Re: the greenwald column — there was a Gawker link that specifically criticized the Correspondents dinner in Gawker’s own special way
http://gawker.com/5905698/fuck-the-white-house-correspondents-association-dinner?
LikeLike
Worth a read:
“Former CIA spy boss made an unhesitating call to destroy interrogation tapes
By Dana Priest, Published: April 24 ”
http://www.washingtonpost.com/lifestyle/style/former-cia-spy-boss-made-an-unhesitating-call-to-destroy-interrogation-tapes/2012/04/24/gIQAkdTXfT_print.html
LikeLike