Zephyr Global Report 1/24/2013

HEADLINERS

-FED Finally breeches 3 TN balance Sheet by not sterilizing 

-MSFT, T, SBUX, JNPR Miss or disappoint(SBUX) on Weak Y/Y rev/EPS , down after hours

-Moodys warns European Banks badly under-capitalized as Monte Paschi implodes on off book derivatives DB sold them.

-evil WACO/BAC Attorney AIG and Lesbian? Mary Jo White appointed to  SEC by Obama

-Kansas City FED -2 vs – 1e making it four in a row!

-Australians strike Big Shale Oil in Outback, 3.5 BLN barrel type of find

-Apple Pounded in Aftermarkets, Greatly Disappoints on forward guidance, current quarter revenue, earnings and gross profit. APPL Halted at USA opening by Circuit Breaker, after falling 11+ pc

-Nikkei +1.8% on weaker JPY

-Euro Zone Jan Advanced PMI Mfg: 47.5 v 46.6e; PMI Svs: 48.3 v 48.0e; PMI Comp: 48.2 v 47.5e

- Spain Q4 Unemployment Rate hits fresh record high at 26.0%

-N. Korea threatens USA, to conduct 3 rd underground nuclear test

-Japan posts record $78 Bn Trade Deficit in 2012

-HSBC/Markit China Flash PMI reading 51.9 in Jan, versus 51.5 in December

-S. Korea Growth slows to 2 pc in 2012.

 

============================================================

COMMENTARY

-Gold Bullish, FED starts QE ramp, by not sterilizing $35 bn, FED balance sheet expands to over $ 3 Tln

The U.S. Federal Reserve’s balance sheet topped $3 trillion for the first time.The Fed’s asset holdings in the week ended Jan. 23 increased to $3.013 trillion from $2.965 trillion a week earlier, the FED said in its  weekly report released late in the day.The Fed’s holdings of U.S. Treasury securities rose to $1.697 trillion Wednesday from $1.689 trillion a week earlier, expanding by a more modest 8 billion this week. The central bank’s holdings of mortgage-backed securities rose to $983.17 billion, from $947.61 billion a week ago , expanding by a very generous $36 bn.Thursday’s report showed total borrowing from the Fed’s discount lending window was $567 million Wednesday, down from $573 million a week earlier.Commercial bank borrowing was $13.0 million Wednesday, down slightly from $15.0 million a week earlier.U.S. government securities held in custody on behalf of foreign official accounts fell to $3.252 trillion, from $3.259 trillion in the previous week.U.S. Treasurys held in custody on behalf of foreign official accounts decreased to $2.908 trillion, from $2.917 trillion in the previous week. Holdings of agency securities rose to $308.11 billion, up from the prior week’s $306.74 billion. Source, FED balance sheet report.

-JNPR (Juniper Networks) :

-  Revenue: $1,141 million, up 2% from Q3'12 and up 2% from Q4'11
        --  Operating Margin: 11.5% GAAP; 18.2% non-GAAP, up 1.3 pts Q/Q
        --  GAAP Net Income Per Share: $0.19 diluted, includes $0.02 pre-tax
            impact from restructuring charges
        --  Non-GAAP Net Income Per Share: $0.28 diluted, up from $0.22 diluted in
            Q3'12 and flat compared to Q4'11

Full Year 2012:

        
        --  Revenue: $4,365 million, down 2% from 2011
        --  Operating Margin: 7.1% GAAP; 15.6% non-GAAP
        --  GAAP Net Income Per Share: $0.35 diluted, includes $0.17 pre-tax
            impact from restructuring charges
        --  Non-GAAP Net Income Per Share: $0.85 diluted, down from $1.19 diluted
            in 2011

SAN FRANCISCO (MarketWatch) – Juniper Networks JNPR +1.03% on Thursday reported a fourth-quarter profit of $95.7 million, or 19 cents a share, compared with a profit of $96.2 million, or 18 cents a share. Revenue was $1.14 billion, up from $1.12 billion. Adjusted income was 28 cents a share. Analysts polled by FactSet on average expected the networking gear maker to report a profit of 22 cents a share, on revenue of $1.13 billion. For the current quarter, the company said it expects revenue in the range of $1.05 billion to $1.07 billion. Analysts were expecting $1.07 billion, according to data from FactSet. Shares of Juniper were down 1% in after-hours trading.

 

-T:

AT&T Inc. reported a net loss for the fourth quarter, with adjusted results largely in line with Wall Street’s estimates. The carrier activated 8.6 million iPhones in the quarter. For the period ended Dec. 31, AT&T T -0.09% said net losses were $3.9 billion, or 68 cents per share, compared to a net loss of $6.7 billion, or $1.12 per share, for the same period the previous year. Adjusted earnings were 44 cents a share for the recent period. Total revenues edged up slightly to $32.6 billion. Analysts were expecting earnings of 46 cents a share on revenue of $32.2 billion, according to consensus estimates from FactSet. MW

-Zionist Bucks Coffee (if you can call their swill that), aka SBUX or Starbucks

SBUX:  Q1 revenue $3.8 bln vs $3.44 bln, EPS  57 C v 50e. Starbucks shares drop 3.1% after Q1 report

-MSFT :  Q2 diluted EPS 76 cents v. 75 : Q2 revs $21.5B v. $21.6B est, 3 pc y/y rev growth; 5 pc y/y eps growth Down 2 pc after hours , release

MSFT is not keeping up with global inflation but is managing their reported earnings better. No  real y/y growth here , move along.

——-

MSFT Release to its marks…

Microsoft Reports Record Revenue of $21.5 Billion in Second Quarter

Strong business demand and key product launches drive record revenue.

 

REDMOND, Wash. — Jan. 24, 2013 — Microsoft Corp. today announced quarterly revenue of $21.46 billion for the quarter ended December 31, 2012. Operating income, net income, and diluted earnings per share for the quarter were $7.77 billion, $6.38 billion, and $0.76 per share.

These financial results reflect the net deferral of revenue for the Windows Upgrade Offer, Office Upgrade Offer and Pre-sales, and the Entertainment and Devices Division Video Game Deferral, partially offset by the recognition of previously deferred revenue for Windows 8 Pre-sales. The following table reconciles these financial results reported in accordance with generally accepted accounting principles (GAAP) to non-GAAP financial results. We have provided this non-GAAP financial information to aid investors in better understanding the company’s performance.

 

 

Three Months Ended December 31,

Percentage Change

(In millions, except per share amounts and percentages)

Revenue

Operating income

Diluted EPS

Revenue

Operating income

Diluted EPS

2011 As reported (GAAP)

$20,885

$7,994

$0.78

 

 

 

2012 As reported (GAAP)

$21,456

$7,771

$0.76

3%

(3)%

(3)%

Net revenue deferred for Windows Upgrade Offer, Office Upgrade Offer and Pre-sales, and Video Game Deferral

$1,329

$1,329

$0.13

      

 

 

Revenue recognized for Windows 8 Pre-sales

($783)

($783)

($0.08)

      

 

 

2012 As adjusted (non-GAAP)

$22,002

$8,317

$0.81

5%

4%

4%

 

“Our big, bold ambition to reimagine Windows as well as launch Surface and Windows Phone 8 has sparked growing enthusiasm with our customers and unprecedented opportunity and creativity with our partners and developers,” said Steve Ballmer, chief executive officer at Microsoft. “With new Windows devices, including Surface Pro, and the new Office on the horizon, we’ll continue to drive excitement for the Windows ecosystem and deliver our software through devices and services people love and businesses need.”

The Windows Division posted revenue of $5.88 billion, a 24% increase from the prior year period. Adjusting for the net deferral of revenue for the Windows Upgrade Offer and the recognition of the previously deferred revenue from Windows 8 Pre-sales, Windows Division non-GAAP revenue increased 11% for the second quarter. Microsoft has sold over 60 million Windows 8 licenses to date.

“We saw strong growth in our enterprise business driven by multi-year commitments to the Microsoft platform, which positions us well for long-term growth,” said Peter Klein, chief financial officer at Microsoft. “Multi-year licensing revenue grew double-digits across Windows, Server & Tools, and the Microsoft Business Division.”

The Server & Tools business reported $5.19 billion of revenue, a 9% increase from the prior year period, driven by double-digit percentage revenue growth in SQL Server and System Center.

“We see strong momentum in our enterprise business. With the launch of SQL Server 2012 and Windows Server 2012, we continue to see healthy growth in our data platform and infrastructure businesses and win share from our competitors,” said Kevin Turner, chief operating officer at Microsoft. “With the coming launch of the new Office, we will provide a cloud-enabled suite of products that will deliver unparalleled productivity and flexibility.”

The Microsoft Business Division posted $5.69 billion of revenue, a 10% decrease from the prior year period. Adjusting for the impact of the Office Upgrade Offer and Pre-sales, Microsoft Business Division non-GAAP revenue increased 3% for the second quarter. Revenue from Microsoft’s productivity server offerings – collectively including Lync, SharePoint, and Exchange – continued double-digit percentage growth.

The Online Services Division reported revenue of $869 million, an 11% increase from the prior year period. Online advertising revenue grew 15% driven by an increase in revenue per search.

The Entertainment and Devices Division posted revenue of $3.77 billion, a decrease of 11% from the prior year period. Adjusting for the Video Game Deferral, the division’s non-GAAP revenue decreased 2% for the second quarter. Xbox continues to be the top-selling console in the United States. During the quarter, Microsoft launched Windows Phone 8 with a broad array of carriers and devices.

Business Outlook

Microsoft reaffirms fiscal year 2013 operating expense guidance of $30.3 billion to $30.9 billion.

Webcast Details

Peter Klein, chief financial officer, Frank Brod, chief accounting officer, and Chris Suh, general manager of Investor Relations, will host a conference call and webcast at 2:30 p.m. PST (5:30 p.m. EST) today to discuss details of the company’s performance for the quarter and certain forward-looking information. The session may be accessed athttp://www.microsoft.com/investor. The webcast will be available for replay through the close of business on Jan. 24, 2014.

Adjusted Financial Results and Non-GAAP Measures

For second quarter fiscal year 2013 GAAP revenue, operating income, and earnings per share growth included the net deferral of revenue for the Windows Upgrade Offer, the Office Upgrade Offer and Pre-sales, and the Entertainment and Devices Division Video Game Deferral, and the recognition of previously deferred revenue for Windows 8 Pre-sales. These items are defined in our Form 10-Q for the quarterly period ended December 31, 2012. In addition to these financial results reported in accordance with generally accepted accounting principles (GAAP), we have provided certain non-GAAP financial information to aid investors in better understanding the company’s performance. Presenting these measures without the impact of these items gives additional insight into operational performance and helps clarify trends affecting the company’s business. For comparability of reporting, management considers this information in conjunction with GAAP amounts in evaluating business performance. These non-GAAP financial measures should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.

Non-GAAP Reconciliations

Windows Division

(In millions, except percentages)

Three Months Ended

December 31,

Percentage Change

2011 As reported revenue (GAAP)

$4,741

 

2012 As reported revenue (GAAP)

$5,881

24%

Net revenue deferred for Windows Upgrade Offer

$161

 

Revenue recognized for Windows 8 Pre-sales

($783)

 

2012 As adjusted revenue (non-GAAP)

$5,259

11%

 

Microsoft Business Division

(In millions, except percentages)

Three Months Ended

December 31,

Percentage Change

2011 As reported revenue (GAAP)

$6,310

 

2012 As reported revenue (GAAP)

$5,691

(10)%

Revenue deferred for Office Upgrade Offer and Pre-sales

$788

 

2012 As adjusted revenue (non-GAAP)

$6,479

3%

 

Entertainment and Devices Division

 

 

(In millions, except percentages)

Three Months Ended

December 31,

Percentage Change

2011 As reported revenue (GAAP)

$4,238

 

2012 As reported revenue (GAAP)

$3,772

(11)%

Revenue deferred for Video Game Deferral

$380

 

2012 As adjusted revenue (non-GAAP)

$4,152

(2)%

 

-USA stocks were pushed into the green ex  Nasdaq by the ‘hidden’ hand that took gold down. My opinion of the Germans is they need to send Regling to the UST/FED for training on how to jam the shorts up and not telegraph his moves so I can pick the ESMs pocket. Nasdaq rippled into all its vast supply chain and took tech down .74 despite the PPT pushing it into the green.

DJIA* 13825.10 45.77 0.33
Nasdaq* 3130.38 -23.29 -0.74
S&P 500* 1494.83 0.02 0.00
DJ Total Stock Market* 15596.15 12.23 0.08

We had a faked Weekly jobs report missing ‘real’ numbers form California and two other states, a LEI pushed up by the stock and bond markets, and Kansas FED report that contracted with the three before it (Richmond, NY empire, and Philly), even as HSBC /markit from London floated some sort of goosed USA PMI in face of the lousy Kansas report. The APPL bulls had a come to Jesus moment. Normally as a trader when I was stopped out yesterday I would have programmed in a buy and held  for the carnage today but APPL is  a value stock and is bringing jobs back to the USA so I don’t take advantage of things like that as a trader. We have ATT, Starbucks and MSFT after hours. I will probably cover that tonight in the Asian report.

In gold CME traders were obsessed over APPL and claimed they sold their gold to cover margin calls as MS did a hit job. Things must not be going well as Gorman is taking a pay cut and Morgan Stanely did the Shylocks work on gold today. Australians broke peak oil again, but don’t worry the English crown controls that country and the Chinese will be extorted for that oil. Chinacoms, I  suggest you invade Australia and not the USA. Australians are cowards, have no guns an their women are whores. Plenty of Oil in China go get it China!! Forget about buying Alaska for 2.5 tln!! Netflix is likely be run to 300 dollars but wait for the 10 pc or 5 pc correction before considering if your APPL trading money should flow into Netflix. I have no position. Im just gutting it out with Dell for the buyout. Netflix was up over 40 pc today. APPL was clocked for 12 pc.

Other important after hours will be the FED balance sheet and the FAA dog and pony show on the bad batteries. I wonder if the Whistle blowers are Jews on the inside of the battery ‘job’. The mossad loves its pay days.

In Davos, we have a Rothschilds who is Swiss who reads this blog. What do I know let him tell us something in the comment section. I know a ‘good’ Rockefeller who defected. I suppose with Christ even generational satanist and a Rothschilds can be saved from hell. I’m  really glad to just be a nobody and a goyim but most importantly to be Christian.

MARKETS – AT A GLANCE
4:02 p.m. EST 01/24/13Major Stock Indexes
Last Change % Chg
DJIA* 13825.17 45.84 0.33
Nasdaq* 3130.38 -23.29 -0.74
S&P 500* 1494.83 0.02 0.00
DJ Total Stock Market* 15595.08 11.16 0.07
Russell 2000 900.21 3.51 0.39
Global Dow 2100.31 8.12 0.39
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600* 288.89 0.67 0.23
UK: FTSE 100* 6264.91 67.27 1.09
 
4:02 p.m. EST 01/24/13Treasurys
Price Chg Yield %
2-Year Note -0/32 0.251
10-Year Note -6/32 1.851
* at close
3:52 p.m. EST 01/24/13Futures
Last Change Settle
Crude Oil 96.03 0.80 95.23
Gold 1667.6 -19.1 1669.9
E-mini Dow 13770 51 13719
E-mini S&P 500 1491.00 0.75 1490.25
4:02 p.m. EST 01/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 90.39 88.62
Euro (EUR/USD) 1.3376 1.3318
† Late New York trading.

-Boeing, ‘Whistle blowers emerge to collect $’ , FAA update due, UAL sticks by BA

U.S. safety regulators will update their probe into battery fires on Boeing Co’s (BA.N) 787 Dreamliner on Thursday, as key customer United Airlines stood by the jet and said it expects more of them soon.The 787 has been grounded worldwide since January 16 after a series of fires, including one that caused an emergency landing in Japan. Boeing and its regulators have said they do not know when the plane will fly again.The National Transportation Safety Board will hold a news conference Thursday on its investigation into the first fire, which struck a Japan Airlines Co Ltd  787 in Boston this month.The NTSB is also looking at multiple whistleblower claims as part of its probe, including one related to the chargers for the 787′s highly flammable lithium-ion batteries.”We have been notified about whistleblowers and are pursuing that information where warranted,” a spokeswoman said.The 787 program was already years behind schedule before last week’s grounding, which means Boeing cannot deliver newly manufactured planes to customers.That means customers like United Continental Holdings Inc (UAL.N) may have to wait even longer for planes on order. The company’s United Airlines already flies six Dreamliners.”History teaches us that all new aircraft types have issues and the 787 is no different,” United Continental Chairman and Chief Executive Jeff Smisek said during the carrier’s earnings conference call. “We continue to have confidence in the aircraft and in Boeing’s ability to fix the issues, just as they have done on every other new aircraft model they’ve produced.” BBN

 

 

-Shylocks demand their pound of Flesh from Lord Armstrong!!

Lance Armstrong, who admitted he used performance-enhancing drugs to win a record sevenTour de France titles, was sued by two California book buyers over claims he sold fiction as autobiography.Rob Stutzman, a former communications adviser for Arnold Schwarzenegger, said in a complaint filed Jan. 22 in federal court in Sacramento that he wouldn’t have bought “It’s Not About the Bike: My Journey Back to Life” had he known the truth about Armstrong’s misconduct and involvement with doping.Stutzman met Armstrong privately in 2005 and told him “It’s Not About the Bike” was inspiring and that he had recommended the book to friends who were fighting cancer, according to the complaint.The two plaintiffs seek to represent other California buyers of Armstrong’s books to recover unspecified damages against Armstrong and Penguin Group (USA) Inc., the publisher of “It’s Not About the Bike,” and against Random House Inc., the publisher of “Every Second Counts. BBN

——————–

Only a Jew gets to bring a lawsuit for buying a $17 book to a Federal court. Looks like Lance is not sufficiently contrite over trying to grab the Tour De France from Charlie Windsor and Nate Rothschilds!! To you Jews who show no mercy, since you show no mercy, you’re end is going to be beyond  your worst nightmare about pork!. Jews have sold me plenty of books as non-fiction that were all lies. I never sued the authors. Arnie is a Cyrpto Jew and a  major Rothschilds and Prince Charles operative in the USA and a destroyer of the CA economy just like Jerry the Anglosaxon married to Jew Jerry Brown. This British Israel cult is ‘very ‘ easy to decode. Low IQs.

-Marketwatch Last Hour

I wont be able to follow the close closely but will back back at some time after MSFT, ATT, Starbucks reports to write a close of the USA action. Right now my strategy is to look at the FED econometric reports, Europes PMI reports, Top line growth, EPS growth, y/y and m/m build a broad short in the DAX and SP as short to intermediate  hedge simply as the global economy looks like a walking zombie. Stocks seem stretched here, not as streched as bonds, but EPS and top line growth is at best showing a flat global economy with inflation taking the place of real growth. If the FED really does the 1 tln of QE4 they promised or if China cuts rates, or if the ECB continues its massive stealth QE program, I will cover the shorts. The bulls think they are going to piggyback and take stocks higher on central bank talk, versus central bank real QE. I’m willing to take the other side of the trade from them seeing how lousy the APPL outlook was and APPL is sort of the gucci of the tech world to ‘hipsters’ and ‘yuppies’ in China. Amazing how bullish the Germans are even as France is sinking as fast as Spain and with 60 pc youth unemployment. I guess the average German Burgermeister will have a Greek shoveling his snow soon or a Spaniard. The Germans I hear are paying up to 1 euro an hour for snow shovelers. How about the ex illuminati guy who goes by Slimy Swiss telling us what is really going on at Davos, the sheep including me would like to know.

3:00 p.m. EST 01/24/13Major Stock Indexes
Last Change % Chg
DJIA 13824.85 45.52 0.33
Nasdaq 3131.04 -22.63 -0.72
S&P 500 1494.85 0.04 0.00
DJ Total Stock Market 15590.42 6.50 0.04
Russell 2000 898.64 1.94 0.22
Global Dow 2101.12 8.93 0.43
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600* 288.89 0.67 0.23
UK: FTSE 100* 6264.91 67.27 1.09
 
2:59 p.m. EST 01/24/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.247
10-Year Note -4/32 1.843
* at close
2:50 p.m. EST 01/24/13Futures
Last Change Settle
Crude Oil 95.95 0.72 95.23
Gold 1669.0 -17.7 1686.7
E-mini Dow 13767 48 13719
E-mini S&P 500 1490.25 0.00 1490.25
3:00 p.m. EST 01/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 89.95 88.62
Euro (EUR/USD) 1.3371 1.3318
† Late New York trading.

-Ha, ha, BAC gets its own attorney as head of the SEC. are bankster cool or what!! The Anglosaxon SEC heads, be it Harvey Pitt, or Chris Cox have been far worse than the corrupt Jews like Arthur levitt who gave us rule FD. WASPs, the ZGR accuses your leaders of being, evil, evil, and more evil. Who would I want to see at the SEC? Some one that would crack down on naked shorts, gold short cartel, hft trading cartel, banksterisms and the revolving door. Schapiro was pretty bad but still not as bad as Chris Cox and Harvey Pitt who deregulated it all and stood by and crowed about it. Probably the only establishment hack I would approve of would be Bill Gross of PIMCO as long as he agreed to clean up the naked short, hft. Obama would should have picked  a  Republican like Bill Gross, given him a big budget and let him have at it. Instead we get a BAC attorney and another Waco coverup AG. WACO was Bill Clinton showing the USA, the BATF/FBI and USA military would fire and murder Children at will on Tranny John, aka Janet Reno’s orders. The USA government is the most cruel and satanic on earth. They are all British-Israelite satanists at the top.

-Ha, ha Eurotrash Alaska Airs CEO just flipped Eurotrashbus off. Sabotage. The Crown’s man and Eurotrash Jay Rockefeller himself is trying to ‘sink’ the B787. Good luck with that one Eurotrash@Davos. Proudly American and Proudly Boeing he said, Eurotrash@Davos!!

-Night Moves by the Greasy Harry the Homo Reid

U.S. Senate leaders reached a compromise agreement to change the chamber’s rules to make it harder for a single member to slow down action on legislation, according to several senators.Senate action on the measure may come today after Majority Leader Harry Reid of Nevadapresents the proposal to fellow Democrats, according to a Senate aide. The aide spoke on condition of anonymity because Reid and Minority Leader Mitch McConnell, a Kentucky Republican, hadn’t publicly announced the plan.“It’s a baby, baby step,” Democratic Senator Tom Harkin of Iowa, who had urged broader rule changes, told reporters. The agreement “does nothing to alter the fact we have now become a de facto, 60-vote Senate” in which support from 60 of the chamber’s 100 members are needed to advance major legislation, he said.Harkin said he expects his Democratic colleagues will accept the leaders’ agreement.Reid has repeatedly complained that Republicans abuse rules allowing use of the filibuster procedure to block legislation and confirmation of presidential nominees. Today’s agreement wouldn’t change the minority’s ability to demand a 60-vote threshold to advance legislation once it has reached the Senate floor. Democrats control 55 votes to 45 for the Republicans.Harkin said President Barack Obama’s second-term agenda “will not get very far” as long as Republicans can block legislation with 41 votes. “We still have a system here where the minority will decide what happens,” he said… BBN

-Twitter on Thursday unveiled a new service that allows users to easily post and share short videos. The feature, called Vine, would let a user “capture and share short looping videos.” Vine is now available on the iPhone and the iPod Touch, and can be downloaded for free from Apple Inc. AAPL -11.98% App Store. Twitter says it is “working now to bring it to other platforms.”  MW

-Gary Cohen  , the #2  of GS and next CEO, called UST bond buyers ‘idiots’ in not so many words today from Davos on BBN..and was very, very nervous. I will bet he has a gold toilet if his bed is not made out of 2 tonnes of it. The ZGR has often poked fun of Jews who buy themselves toilets of gold, at least on stolen loot and their penchant for it, but ask yourself who put a Jew could hide stolen wealth in such an obvious place. Any of you Jews who read this blog or GS thugs know if Gary has a Golden toilet>  Let me know. Amazing how many GS thugs I trap reading this blog. Enjoy it now GS guys as you’re not going to get a golden toilet in hell but the hot seat!!  Know one loves gold like the Zionist Jews. No one. Don’t let them tell you otherwise.  Really Jews, Jesus saves, not Gold, get hip!! Gary must read the ZGR as we have been calling UST buyers front running the FED, greater fools’. Ditto with the chumps in Europe front running the ESM. I went long on Italian bond at 7 pc but they were a sale at below 4 pc and way over valued given Italian inflation and the feckless and evil Mario Monti. Good call Gary!! Congrats for having some guts but no kudos for only telling your fellow jews at Davos that and not the sheep!!

-Marketwatch

2:13 p.m. EST 01/24/13Major Stock Indexes
Last Change % Chg
DJIA 13818.04 38.71 0.28
Nasdaq 3128.52 -25.15 -0.80
S&P 500 1493.71 -1.10 -0.07
DJ Total Stock Market 15578.62 -5.30 -0.03
Russell 2000 897.30 0.60 0.07
Global Dow 2100.35 8.16 0.39
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600* 288.89 0.67 0.23
UK: FTSE 100* 6264.91 67.27 1.09
 
2:12 p.m. EST 01/24/13Treasurys
Price Chg Yield %
2-Year Note -0/32 0.251
10-Year Note -7/32 1.854
* at close
2:03 p.m. EST 01/24/13Futures
Last Change Settle
Crude Oil 95.90 0.67 95.23
Gold 1667.1 -19.6 1686.7
E-mini Dow 13739 20 13719
E-mini S&P 500 1487.00 -3.25 1490.25
2:13 p.m. EST 01/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 89.98 88.62
Euro (EUR/USD) 1.3374 1.3318
† Late New York trading.

-Fienstein is trying to rollout Gun Confiscation, aka ‘control’ bill. Contact your Senator and Congressman and say no, and that it was the medications and violent video games.

-Merkel said the EU was an open shop. Maybe CA for join it and mooch off the rest of the USA like the Eurotrash and Israel does. What say you Californians? How about BBNs ‘crazy’ idea to sell Alaska and its 500 bln barrels of oil to China for 2.5 trillion. Only a Shylock could  float that insanity. Reminds me of the Occidental deal where Al Gore handed to the London Jews the USA Elk Hill Reserves near Taft Califonia for 10 cents on the dollar of what the reserves were worth just as oil was at $15. English Royals and Jewish royals, the same thing love deals, eh Sir Al!  Notice how Al Gore is beginning to look like an Old Jew as he ages.  Weird the Royal English bloodline. A close cousin of Prince Charles like W. Bush.

The NYT was talking Al Gore up, or rather the lies in his new book. He lives in London now. Something he does not like the sheep to know. Much like Gates 2 adjoining Mansion on  a  street guarded by the English military/coppers 24/7/365 lives in London much of the time. I recall when the NWO decided to promote him and before Bill Clinton rolled him out to fame reading some of environmental writing and deciding he was insane, delusional and a liar from a science perspective. I knew he would be a horrible VP long before he took that Mantle for himself.

http://www.nytimes.com/2013/01/24/books/the-future-by-al-gore.html?_r=0

 

-Gold was attacked on the Cartel bank downgrades of price targets with Morgan Stanley Leading the Charge with Gorman probably penning the missive. Plus hedge funds read this blog and are not running gold due to the lack of non-sterlized QE4. Russians said they were still buying gold on an up note. Gold commentators continue to pick the pockets of the little guys. Gold is a hold, silver is a buy the smash downs.

-USA Trading Session, Economic Release Summary

(RO) Romania Dec Money Supply Y/Y: 4.6% v 7.5% prior
(ZA) South Africa Central Bank (SARB) left its Interest Rate unchanged at 5.00%. as expected
(IE) Ireland Dec PPI M/M: -0.9% v +0.8% prior; Y/Y: 1.3% v 2.7% prior
(RU) Russia Gold & Forex Reserve w/e Jan 18th: $530.4B v $526.4B prior
(UK) Jan CBI Industrial Reported Sales: 17 v 15e
(US) Initial Jobless Claims: 330K v 355Ke; Continuing Claims: 3.157M v 3.200Me
(US) Jan Preliminary Markit US PMI Manufacturing: 56.1 v 53.0e
(BE) Belgium Jan Business Confidence: -13.2 v -11.0e
(MX) Mexico Nov Global Economic Indicator: 4.1% v 3.1%e
(US) Dec Leading Indicators: +0.5% v +0.4%e
(US) Weekly EIA Natural Gas Inventories: -172 bcf vs. -160 to -170 bcf expected range
(US) Jan Kansas City Fed Manufacturing Activity: -2 v +1e
(US) Weekly DOE U.S. Crude Oil Inventories: crude: +2.81M v +2Me; gasoline: -1.74M v +1Me; distillate: +510K v -0.5Me; utilization: 83.6% v 87.5%e

-Kansas City (late due to Davos reporting on my part)

The Kansas City Fed’s manufacturing composite index declined to -2 in January from a revised -1 in December, first reported as -2. A reading below zero denotes contraction.”Regional factory activity has now edged down for four straight months, as fiscal policy uncertainty continues to weigh on firms,” said Chad Wilkerson, an economist at the bank.The Kansas City Fed report is the fourth of five manufacturing surveys compiled by regional Fed banks. The previous three–from the New York, Philadelphia and Richmond districts–also showed contracting conditions in those respective areas. The Dallas Fed’s survey is scheduled for next Monday. Sure makes (HSBC/Markit look like stat-liars)Like other manufacturers, Kansas City area factories reported falling demand. The new orders index, in a month-over- month comparison, stayed contractionary at -2 this month, although that was an improvement from the revised -5 in December, first reported as -8. The exports orders index fell to -8 from a revised -2, originally put at -1.Other indexes also were negative.The production index stood at -3 in January, from an unrevised -5 in December. The shipments index rose to -3 from a revised -4, first put at -8.Demand for labor weakened this month. The employment index dropped to -8 from a revised -1, first reported as -3. The workweek index worsened to -8 from a revised -7, originally put at -11.Kansas City manufacturers saw some easing in costs. The prices-paid index fell to 23 from a revised 33, first put at 34. The prices-received index remained at 7.The composite expectations index held at 7. The December composite expectations index was first reported as 4. The future employment index improved to 3 from a revised 1, originally reported as -6.When looking out for the next six months, district businesses remain cautious.The production expectations index stood at 15, little changed from the revised 16 reading in December, first reported as 11.The Kansas City Fed district includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.  Source, Kansas City Fed Report

-The old goat of the devil and Rothschilds, Geroge Soros is on Betty Liu’s program, ‘in the loop’ at 8 EDT Tomorrow.

-Sarkozy the Anglophile,  and Barclays banking whore from the DT

Our mole in Davos tells us that Barclays had a first for its annual party last night – no pesky press allowed – at the request of Nicolas Sarkozy.

QuoteWednesday night saw the annual Barclays dinner at Davos – a journey up the funicular railway to the Schatzalp overlooking the town. It is one of the events of the World Economic Forum, much enjoyed by all who are invited.

This year was a little different after Barclays suddenly imposed a “no media” rule, the first time they had done so. Was Anthony Jenkins, the Barclays CEO, afraid that the press might winkle out a merry take? Was the relationship so bad between the media and the bank that no hand of friendship could be offered?

Not a bit of it. Barclays was forced to act by the guest of honour at the dinner – one Nicolas Sarkozy. In classically French manner (he does wear Cuban heels after all), the former president decided that the pesky press were too much of a burden. Even though the whole dinner is off the record and any comments said there are not repeated.

“It could have been a lot worse – what if it had been someone people were interested in,” says my man with the snowball. “But luckily no-one wants to listen to Sarkozy anyway.”

Like Obama he knows the head Jew of the world. Recall after he took office, like Obama he made a beeline straight for the Crown, and described himself as an Anglophile, just like the French Jewish Lagarde describes herself as. Looks like Sarkozy is moving to London, despite no 75 pc tax! Sarkozy is vying with Tony Blair to be the first EU ‘real’ Federal president. He has to move to London to get this probably unelected job. He is a well known tax cheat and this move has nothing to do with taxes. One of the most important men in Europe in the Satanic Zionist world order. Don’t believe the DT.

-Russia @Davos according to MI6 /DT Maven Mr. Ed , aka Jeremy Warner to you Eurotrash@Davos

Russia is a big presence here in Davos, and with the Prime Minister, Dimitri Medvedev, heading the delegation, the Federation is determined to put its best foot forward. Nor is it just because Russia takes up the presidency of the G20 this year. Over the past year of two, there has been a sea change in international business opinion on Russia.

Once regarded as a gangster economy where you would be lucky to escape with your life, let alone your money, business leaders are now scrambling to find ways in. With it’s fast expanding and well educated middle class, and abundant natural resources, Russia has some of the characteristics of both an emerging market and an advanced economy.

The big downside is of course that Russia practices its own particular brand of state capitalism, and very unpredictable and ungoverned by rule of law conventions it is too. Will Putin allow Russia’s ever more prosperous and vocal middle class to advance towards genuine democracy, or in defence of autocracy, is he destined only to undermine and destroy it? The answer is not yet apparent.

In any case, the diminutive figure of Mr Medvedev has been omnipresent around the corridors of the World Economic Forum annual meeting. Perceptions of Russia, he insists, lag the reality, and you really would be surprised at how much the old place has changed.

I wish I could say the same thing about his agenda for the G20, which is as dull and unambitious as ditchwater. Born out of the financial crisis, when the G20 marked the coming of age of the developing world and really did seem to have some purpose in galvanised a genuinely international response to the downturn, it now seems to have lost it’s relevance. When you are at the cliff edge, it’s only natural to cling on to one another, but once you’ve retreated from it you tend to let go again and go back to your old ways.

This is how it’s been with the G20, which has become little more than a glorified talking shop of little practical impact.

Perhaps Medvedev can reinvigorate it, but my sense is that he’ll only be using it as another Russian sales pitch. And why not?

————————–

Jeremy’s main complaint is that crooked Jewish and English hedge fund managers get thrown in Jail in Russia when they cheat on Taxes and that Jewish relatives of the Rothschilds and their puppets are not being allowed to murder 20 million russians under England’s direction like when England installed their Karl Marx Gang. The real question is when will the world demand the London/Windsor-Rothschild and their Jewish relatives and sellout in Europe be arrested for their anti-democracy and attack and suppressing the middle class in the Anglo world. The USA is not an Anglosaxon nation, although cruel Anglosaxon and cruel Jews rule it. Not even Canada is an Anglosaxon nation. Oz is though, as so many Irish married into the Anglosaxon bloodlines.

-Jewish Pride@Davos

Angie Kasner and Chuck Schwab to Americans, aka Angela Merkel and  Klaus Schwab to the Eurotrash@Davos

We Jews run it all..he, he, look at how our goys walk behind us like we were royalty. Can you believe how stupid the goys are Chuck?

-Boris Johnson, probable next PM and Anglomason/Oxbridge Rothschilds-Windsor puppet and general nut

 I think [Cameron's speech] was bang on the money. What he was saying there is to our friends and partner, is that loads of other countries have had referendums on their membership of Europe, why can’t we have one? I think there are a lot of them who secretly think, if we can nail this thing and give the Brits what they want more or less and they vote to stay in that will be a very good thing for Europe, because that whole sense of Brits being whingy and backmarkers and bickering, that would be over.My overwhelming instinct is that we can get sufficient reforms to the treaty to make it sensible for most people in my country to vote for the single market. DT

Cameron putting the UK in a five year ‘limbo’ thinking they can continually threaten the Germans will get stale when the worlds longest housing and financial bubble bursts. Then the Germans may find the UK comes begging but they are too busted to bail the UK out. The UK balance sheet got much better today on the Aussie oil strike, on ‘Crown Land’.

-Mandarin new Lingua Franca 

Dr John Quelch, former dean of the London Business School and the ex-senior associate dean at Harvard Business School who is now dean of CEIBS the leading business school in China, warned that the UK could miss a huge opportunity as the Chinese economy moves to a more service-based period of growth.More service-led growth in China ought to play into the hands of British companies based in an economy where three quarters of annual economic output is from a wide variety of service industries.But ignorance of the Chinese language and Chinese culture and politics among the young could hold the UK back, Dr Quelch believes. An obvious solution would be to engage Chinese students studying in some of the country’s top universities to spend a year in UK classrooms before they take up full time work, although such a move could face opposition from UK teaching unions, Dr Quelch fears.He also believes the British Government, particularly UKTI and the department of Business Information and Skills (BIS) needs to employ far more commercially savvy people on the ground in China to bolster UK business interests. DT

 

-Evil Lying Zionist Witch and London puppet Lagarde..@Davos

Climate change has cropped up again as the big names onstage discuss development goals and issues.Doubters may rage, but you won’t find many people at Davos in your camp. Climate change has been treated as a given in the sessions I’ve attended, from the IMF’s Christine Lagarde warning last night that without action the next generation will be “roasted, toasted, fried and grilled”, to Andrew Liveris, head of US giant The Dow Chemical Company, describing tackling energy policy and climate change issues as the “same thing”. DT

-The discovery in central Australia was reported by Linc Energy to the stock exchange and was based on two consultants reports, though it is not yet known how commercially viable it will be to access the oil.The reports estimated the company’s 16 million acres of land in the Arckaringa Basin in South Australia contain between 133 billion and 233 billion barrels of shale oil trapped in the region’s rocks.It is likely however that just 3.5 billion barrels, worth almost $359 billion (£227 billion) at today’s oil price, will be able to be recovered.The find was likened to the Bakken and Eagle Ford shale oil projects in the US, which have resulted in massive outflows and have led to predictions that the US could overtake Saudi Arabia as the world’s largest oil producer as soon as this year.Peter Bond, Linc Energy’s chief executive, said the find could transform the world’s oil industry but noted that it would cost about £200 million to enable production in the area. DT

-But the LEIs were up!!!

United Continental Holdings Inc. UAL +1.88% plans to eliminate 600 management jobs to reduce costs, according to a report by Thomson Reuters on Thursday. The company mentioned the cuts on a conference call on its fourth-quarter results. Overall, the carrier said its operations and customer satisfaction scores are improving, the report said. Separately, United Continental said it’s confident Boeing Co. BA +1.35% will be able to fix issues with its 787 Dreamliner plane, which has been temporarily grounded by regulators pending a review of its lithium ion batteries. Shares of United Continental rose 2% to $25.52 in recent trades. The stock touched a 52-week high during the session. MW

-MARKETS – AT A GLANCE

Shorts came in a took PPTs money in tech. APPL 458. Netflix on a tear. APPL should hire Reed Hasting and fire Tim Cook. Lenovo said it might bid for RIMM, the USA should block that.

12:38 p.m. EST 01/24/13Major Stock Indexes
Last Change % Chg
DJIA 13845.01 65.68 0.48
Nasdaq 3141.07 -12.60 -0.40
S&P 500 1497.31 2.50 0.17
DJ Total Stock Market 15619.74 35.82 0.23
Russell 2000 902.63 5.93 0.66
Global Dow 2102.27 10.08 0.48
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600* 288.89 0.67 0.23
UK: FTSE 100* 6264.91 67.27 1.09
 
12:37 p.m. EST 01/24/13Treasurys
Price Chg Yield %
2-Year Note -1/32 0.259
10-Year Note -8/32 1.857
* at close
12:28 p.m. EST 01/24/13Futures
Last Change Settle
Crude Oil 96.21 0.98 95.23
Gold 1672.1 -14.6 1686.7
E-mini Dow 13796 77 13719
E-mini S&P 500 1494.00 3.75 1490.25
12:38 p.m. EST 01/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 90.06 88.62
Euro (EUR/USD) 1.3370 1.3318

-Mary Jo White to Lead SEC

WASP demon, lawyer, BAC attorney, CFR. USAG appointed by Clinton. I think she claims to be a Republican. Probably will be worse than Schapiro. Her record as AG was to cover up Clinton/Renos WACO crimes. Again the pattern of Anglosaxon, Jew, Anglosaxon, Jew continues, just like the FED!! WASPs are only 8 pc of the USA, Jews say they are only 2 pc but are like the WASPs about 8 pc of the USA population or more. Mark Twain though the USA had 15-20 pc of the USA population and Jews in the USA still average 3.0 kids, the ‘magic’ number the Rabbis demand. The Mormons a WASP cult demand their followers have five kids. More Anglosaxon trash.

-Europe Close

Davos entered day 2 and I posted the relevant major talking heads comments although I will dig for more if I have time. They gave labor a few sound bites at Davos, but clearly unemployment in Europe like the USA is not on anyone plates. Obama’s job council has not met for a year and he wants more ‘free trade’ with currency rigging North Korea and other Asian nations with record low unemployment on their currency rigging and lack of pollution and minimum wage laws.

What Europe is lacking like the USA is a growth plan to reduce youth unemployment which would include balanced trade agreements with Asia along with incentives for start ups and lower taxes on labor and ending corporate/government welfare and allowing hire and fire at will by employers. Rockefeller at least has articulated world Zionists policies through Rothschilds kin , Pete Peterson, it is time to ‘get back’ from the working class for the corporate class and gut social security etc. The BIS director complained the pols were putting too much onus on the CB to bail out their economies. Mainly it looks to me that the CB  cash flows to its owners, that is Bernanke helicopter only flies over GS/HSBC/DB/JPM offices in NYC, London and frankfurt.

The big stories out of Europe last nite was the Spanish unemployment report with 60 pc youth unemployment, record high unemployment and Europes PMIs. German mfg remained negative but did better than expected, Spain and Frances economies are getting worse.

The DAX sold off and my program covered some of my short, then shorted it back into the close as the ESM/PPT pushed USA markets up despite APPL on some very USA  rigged data. The Stoxx finished up .21 pc, the DAX, .55, the CAC .63, and the evil FTSE was up 1.08 pc largely as Cameron was the keynote guy at Davos as head of the G8. Merkel sure has ‘star’ status with the Europeans, largely as she gave so much German money to so many Eurotrash deadbeats. No one rigs their markets like the BOE and English money center banks.

Eurotrash would worship Obama if they knew he green-lighted B52 carpet bombing of Libya at Cameron’s command after Al Quaddafis near non-existent military proved too much for those brave lads in the Foreign Legion and SAS. Ask any Vietnam vet who was carpet bombed by friendly  fire by the USA what B52 bombing runs can do.

What was really nauseating to me was this Goldman Sachs Italian royal , Mario Monti saying policies must favor growth even though his tax raises have killed growth in Italy and none of his labor reforms have spurred anymore incentives to hire Italians. Italians like the Greeks have to cheat on their taxes as they are so high. I worked in Canada when taxes were so high, I told them I would have to quit due to the taxes and return to the USA. I was ‘liked’ so the firm I worked for stepped up and paid my taxes for me through some loophole I never understood. Once taxes are over 50 pc, people cheat because they have to survive. Yet in the USA, hedge fund mangers still are paying this very low tax rate that is not available to the working classes.

Stock that were active in European Trading: Banca Monte Paschi , on derivative losses, it ‘discovered’,  Prosieben  (broker commentary); Dialog Semi – (Apple results),Siemens – (ex-dividend), Commerzbank – (job cuts),Sky Deutschland – (broker commentary),Beiersdorf flat on FY12 sales ,Ipsen +(asset purchase agreement),Plastic Omnium + (Q4 sales); CGG Veritas – (broker commentary),Roche + (FDA approval related to Avastin); Logitech -% (quarterly earnings),Lonza -% (FY results), Arm -(APPL results), ICAP – (Libor probe), Intl Ferro Metals +(q4 production).

 

Country: Index Last Change % Chg
Europe Dow 1748.98 17.66 1.02
Stoxx Europe 50 2653.76 4.12 0.16
Stoxx Europe 600 288.82 0.60 0.21
Euro Stoxx 50 2721.76 13.48 0.50
Euro Stoxx 270.58 1.12 0.42
Austria: ATX Index 2444.57 5.12 0.21
Belgium: Bel-20 2551.42 15.94 0.63
Denmark: OMX Copenhagen 20* 536.63 -1.28 -0.24
Estonia: OMX Tallinn* 767.80 4.23 0.55
Finland: OMX Helsinki* 6132.85 -50.44 -0.82
France: CAC 40* 3749.78 23.61 0.63
Germany: DAX* 7750.04 42.50 0.55
Greece: Athens General* 987.45 -31.96 -3.14
Greece: DJ Greece TSM* 747.19 -26.27 -3.40
Greece: FTSE/ATHEX 20* 332.23 -12.91 -3.74
Iceland: OMX Iceland All-Share* 729.08 1.66 0.23
Ireland: ISEQ Overall * 3526.11 47.11 1.35
Italy: FTSE MIB 17756.63 177.63 1.01
Latvia: OMX Riga* 404.50 -3.35 -0.82
Lithuania: OMX Vilnius* 373.81 3.22 0.87
Netherlands: AEX* 353.89 0.88 0.25
Norway: OSE All-Share* 517.80 0.29 0.06
Portugal: PSI 20 6286.60 -50.99 -0.80
Russia: DJ Russia Titans* 6575.61 3.18 0.05
Spain: IBEX 35* 8652.30 39.00 0.45
Sweden: OMX Stockholm* 358.08 1.76 0.49
Switzerland: Swiss Market* 7457.74 65.79 0.89
UK: FTSE 100* 6264.56 66.92 1.08
UK: FTSE 250* 13062.03 127.63 0.99
UK: FTSE AIM All-Share* 739.36 1.81 0.25

Bonds

German 10y 1.51+0.02, -1.58%
Italy 10y 4.12-0.03, -0.64%
Spain 10y 5.00-0.06, 1.10%
U.K. 10y 2.01+0.01, -0.72%

There were no significant bond auctions in Europe today.

-Ha  ha Zionist Scum BBN want us to sell Alaska to China for 2.5 TN!!! Heck they have invaded CA as much as the Mexicans.

-MARKETS – AT A GLANCE

The PPT pushes up USA stocks to prevent APPL and other tech stocks from cratering broader markets. Talking heads putting lipstick on a pig of a USA and global economy for the masses. Only Bernanke doing what he said and taking the balance sheet from 3 trillion to four trillion will move global stock markets up or the ECB taking their balance sheet up another trillion Euros or China cutting rates, not just reserves. Regling in action on European stocks as EU leaders shoot their mouths at Davos. Cant have market go down when Hitler’s daughter Merkel speaks, eh, anymore than when Elephant ears speaks in the USA.

11:38 a.m. EST 01/24/13Major Stock Indexes
Last Change % Chg
DJIA 13871.17 91.84 0.67
Nasdaq 3151.93 -1.74 -0.06
S&P 500 1501.18 6.37 0.43
DJ Total Stock Market 15661.02 77.10 0.49
Russell 2000 903.22 6.52 0.73
Global Dow 2105.29 13.10 0.63
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600 288.87 0.65 0.23
UK: FTSE 100 6264.03 66.39 1.07
 
11:37 a.m. EST 01/24/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.247
10-Year Note -10/32 1.865
* at close
11:28 a.m. EST 01/24/13Futures
Last Change Settle
Crude Oil 96.40 1.17 95.23
Gold 1673.9 -12.8 1686.7
E-mini Dow 13814 95 13719
E-mini S&P 500 1497.00 6.75 1490.25
11:38 a.m. EST 01/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 89.92 88.62
Euro (EUR/USD) 1.3374 1.3318
† Late New York trading.

-Italy’s Monte Paschi discovers €720m derivatives loss..

The world’s oldest bank, Italy’s Monte Paschi, could face losses on past derivative trades of as much as €720m, according to Reuters. The bank had to ask for €3.9bn in state aid but now it has discovered three new trades which have only just come to light (they lie) and were negotiated by the previous management. Chief executive Fabrizio Viola, when asked by Il Massaggero newspaper if that was a certain loss said “the actualised shortfall is around that amount” . Italian prime minister Mario Monti said the government was prepared to discuss the case in parliament, and declined to say if the bank would need more state aid. But he said he did not believe the Bank of Italy failed in its oversight of the institution.

This Mario Monti is one lying, Goldman Sachs scum bag. Ackermann belongs in the docket.

-Global Idiot, Satanist and Liar and Clown!

Ban Ki-moon calls for action on water

Secretary-general of the United Nations Ban Ki-moon arrived in Davis by helicopter this morning and went straight into a private meeting on the issue of water scarcity.

My colleague Jo Confino has the full story:

Five years ago Ban Ki-moon challenged political and business leaders to collaborate to find solutions to the lack of water, which has now been identified by the World Economic Forum as the second most significant risk the world faces.

The secretary-general reminded the audience of presidents, business leaders and heads of NGOs that 780 million people lack access to clean drinking water and 2.5 billion lack basic sanitation.

He talked of travelling across Africa and seeing long queues at water trucks and the many kilometres women and girls often have to walk to fill up their cans: “This is quite moving and sad to see what is happening. Water is life; that is what I have been saying all the time. Most of us do not appreciate the water. We just take it for granted.”

Moon clearly walks his talk. He keeps only a “very small bottle of water “ in his office so it does not get wasted and is “very much conscious that I am asking my staff to use water sparingly.”

The Guardian..

The USA should leave the UN. It is a satanic, one world government bent on destroying the USA and making us pay for satanists and idiots and politically correct liars and communists like Moon. My kin died in Korea to spawn filth like this? Water is not scarce and is a renewable water resourcs, but the Rothschilds gang has so much money they are trying to corner private sources of water and squeeze the middle class for it, even making gather rain water for your garden illegal and using weather engineering to create artificial droughts and buy bankrupt mega farms cheap!!

-

PM has met Chancellor Merkel at . He saw PM Monti, PM Kenny & PM Rutte earlier. Due to meet PM Reinfeldt and PM Stoltenberg too. 

Rothschilds head political devil and war load and pirate!!

-Irish oil exploration company Providence Resources has announced today that has discovered more oil off the island – this time near Rathlin Island off the Northern Ireland coast.Providence Resources said that the area could be drilled from an onshore location, with high level potential surface well locations currently being evaluated.The company is currently leading a major drilling programme on a number of exploration/development wells at offshore Ireland. Costing around $500m, the multi-year drilling investigation is taking place across six different basins.Providence Resources say it is the largest drilling campaign ever carried out offshore of the island of Ireland.The Rathlin Basin has always been considered an area for oil exploration due to the presence of a rich oil prone source rock, however poor seismic imaging has historically rendered it difficult to determine the basin’s true hydrocarbon entrapment potential. Guardian

- Spanish youth unemployment has hit 60%. They are in England cutting the grass and shoveling the Snow for the lazy British middle class and upper classes.

-David Cameron said trade, tax and transparency would be the three themes of Britain’s presidency of the G8 this year at Davos

 Cameron attacked companies that avoid paying their fair share of tax and which indulge in corrupt business practices in poor countries.Cameron said aggressive tax avoidance meant fewer resources for public services and delivered a sideswipe at the coffee giant Starbucks, which has been under attack since revealing it pays little corporation tax in the UK.”Companies need to wake up and smell the coffee, because the customers who buy from them have had enough”, the prime minister said.

 

-Markit, the firm under investigation for CDS rigging/monopoly on pricing by the USA says…must have read the rail guys in the USA, saying 2h, 2h, 2h. Too bad they took their forecasts down at the same time.

We shouldn’t get too gloomy about those numbers(Markit EU PMI). There is a turning point that took place towards the end of last year and the beginning of this year so things are picking up. Any downturn is looking likely to end in the first half.

-Henry Kissinger @Davos @Iran

Unilateral intervention by Israel would be a desperate last resort, but the Iranians have to understand that if they keep using the negotiations to gain time to complete a nuclear program then the situation will become extremely dangerous…The danger is that nuclear weapons become almost conventional, and we face a nuclear war at some point…that would be a turning point in world history.

-Russia denied the Zionist press stories it was evacuating Syria.

-Basically I’m  pursuing a strategy of shorting the SPY and DAX and that a correction is due as share prices don’t reflect revenue and eps growth and a ‘bet’ that Bernanke will chicken out until the economic data is much worse for the USA before really cranking the FED balance sheet from 3 trillion to 4 trillion. Regling at the ESM and Geithner boys at the PPT, can only push markets so far against fundamentals when money is not flowing through the system and this phony generating a DOW buy signal buy manipulating the DJT is really a foul game by Geithner. No wonder Obama wants him to Take Bernanke’s spot. Geithner another crypto Antichrist Ashkenazi and protege of David Rockefeller.

-John Kerry, the Reluctant Jew is forced to bow to Zionist Pressure (Jewish and relative of Prince Charles, family name is Kohn)

Senator John Kerry stressed the need to prevent Iran from acquiring nuclear weapons as he described the “immediate, dangerous challenges” for the nation that he will deal with if confirmed as secretary of state.“The president has made it definitive — we will do what we must to prevent Iran from obtaining a nuclear weapon,” Kerry said in prepared remarks released by the Senate Foreign Relations Committee in advance of his testimony today. “I repeat here today: our policy is not containment. It is prevention and the clock is ticking on our efforts to secure responsible compliance.”Kerry appeared before the Senate committee he has headed as chairman since 2009. Republican colleagues predicted in advance of the hearing that he will easily win Senate confirmation to succeed Secretary of State Hillary Clinton.He was introduced at the hearing by Clinton, Republican Senator John McCain of Arizona and Democratic Senator Elizabeth Warren of Massachusetts. Clinton described Kerry as the “right choice” for the job she is leaving after four years, and McCain offered support “without reservation” for his fellow Vietnam War veteran.In his opening remarks, Kerry urged lawmakers to address domestic economic issues such as the deficit, saying a strong economy undergirds strength overseas.“I am especially cognizant of the fact that we can’t be strong in the world unless we are strong at home -– and the first priority of business, which will affect my credibility as a diplomat working to help other countries create order, is whether America at last puts its own fiscal house in order.” BBN

-Marketwatch

10:57 a.m. EST 01/24/13Major Stock Indexes
Last Change % Chg
DJIA 13857.57 78.24 0.57
Nasdaq 3148.31 -5.36 -0.17
S&P 500 1499.98 5.17 0.35
DJ Total Stock Market 15646.48 62.56 0.40
Russell 2000 902.24 5.54 0.62
Global Dow 2103.74 11.55 0.55
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600 288.84 0.62 0.22
UK: FTSE 100 6265.06 67.42 1.09
 
10:56 a.m. EST 01/24/13Treasurys
Price Chg Yield %
2-Year Note -0/32 0.251
10-Year Note -10/32 1.863
* at close
10:47 a.m. EST 01/24/13Futures
Last Change Settle
Crude Oil 96.05 0.82 95.23
Gold 1670.2 -16.5 1686.7
E-mini Dow 13791 72 13719
E-mini S&P 500 1495.00 4.75 1490.25
10:57 a.m. EST 01/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 89.97 88.62
Euro (EUR/USD) 1.3370 1.3318
† Late New York trading.

-Bank of Canada Governor Mark Carney said the need to raise interest rates is less urgent because the economy will take longer to reach full output, keeping inflation below target until the second half of next year today in Ottawa. Policy makers kept their benchmark rate on overnight loans between commercial banks at 1 percent today, as forecast by all 27 economists in a Bloomberg survey, and said that while an increase in the policy rate may still be needed over time, it probably won’t happen soon.

-Merkel@Davos

German Chancellor Angela Merkel expressed concern on Thursday about the risks of currency manipulation, specifically mentioning Japan, where the central bank has decided to quicken the pace of money-printing.”I am not completely without worry. We have a much higher sensitivity through the discussion in the G20 for currency manipulation or political influence,” Merkel said at the World Economic Forum in Davos. “I don’t want to say that I look towards Japan completely without concern at the moment. And it will be important for Europe as well that the ample liquidity that was given out to banks last year is collected back again.” Reuters

-Reuters Lead Story on How USE is accelerating. 

Forgets to mention, missing CA data, overall weak LEI report, and HSBC notorious record of missing on the USA PMI and no one trusts HSBC USA PMI data report ( they were the LIBOR riggers after all) . ALTR , Rail , Airlines, and APPL results and forecasts were just ugly and 3M growth has been based on dollar debasement and inflation. A key Chinese official said 2 days ago China’s growth spurt was done and last night they said their oil demand had peaked, so we need more action out of the PBOC which is on inflation watch expecting the FED to print and lift the Chinese economy and push inflation through to them and is on hold through 2013 with big rate cuts at least for now. Granted Obummer can spend like a fiend in the next 3 months as the Rats pursue a strategy of giving him rope to hang himself with. Big deficits are keeping Europe afloat, and American B52 bombing Africa for them. Basically if you’re European and blame the USA for your oil wars, and Englands specifically, you’re Eurotrash. All those dead kids in Libya and Mali and even Iraq are upon your head as Tony Blair was the Rothschilds/Windsors lead sled dog on the Afghan and Iraq war.  You Europeans get all that oil we don’t. Germans alone owe us trillions for keeping the peace in Europe. We need a POTUS to make the Europeans pay their security bill. At least GW Bush made Europe and the Arabs Sheiks/Royals pay for the Gulf War, the USA made around 200 million on that war and essentially had no casualties. He advised his kid against listening to Cheney and Rumsfeld and Blair, at least that is what intelligence services reported. Even the IMF was forced follow the data down yesterday and revise growth lower. The global economy is limping along as Bernanke has not really stepped up to the QE4 plate like the ECB and BOJ are to get money flowing through the economy, although he might have started last month. We do have global stagflation or in the usa forever jobless recession with high inflation. Anglosaxon economics is one of the most destructive things to the middle class, from Rothschilds partner David Ricardo, to John Keynes, who used to rave about how much he hated his Jewish competitors as he raped his Jewish students. In my estimation Keynes, the Royal Blueblood, and David Ricardo the English-Sephardic Jew have been the most destructive forces, and turned the working and middle classes back to less than serfs with their policies. The ZGR will never endorse ‘free trade’. It is balanced and fair trade and trade that is in the national interest of the USA, not Rothschilds the Windsors, or Goldman Sachs or the EU or Communist China. If the USA was accelerating so would rail traffic, and FPGA sales and UPS traffic. We just don’t see that  and we have high inflation to boost top lines!! Everyone I know is complaining about their withholding and how much it is hurting them!! That is no prescription for growth in the USA, nor are more oil and resource wars for England, Israel and the Germans.

http://www.reuters.com/article/2013/01/24/us-usa-economy-idUSBRE90E0KL20130124?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

 

-1008, AAPL $462 , actually give the forecast for next quarter, which APPL has not been beating lately, its probably about the right price. You can’t beat up just APPL as ALTR earnings and revenue and forecast stunk as well last night. The FPGA firms are leading economic indicators as they are used in prototype and early mfg types. If ALTR and XLNX are not doing well the global economy is on a down swing. I consider ALTR and XLNX like UPS and FEDX and the Railroads, ‘bell weather’ stocks.

Tim Cook has a lot of talented designers and marketing people and jobs let them ‘run’, it is not clear if Cook is going to let the designers and engineers innovate. So far he looks like the wrong guy, especially with his options grab. Not as bad as the idiot from Pepsi they hired, but far, far below Jobs. Clearly Cooks legal team has failed to stop Samsung world class REVERSE ENGINEERING TEAM. And Korea continues with its shameless currency rigging and cook foolishly chose Samsung as his fab and needs to exit to INTC ASAP. He has not even shown that sort of basic perception. What kind of idiot funds his competitor? Cook was never a designer, but a manufacturing engineer, which is another mark against him in my book. Typically designers with PHDs like Andy Grove or Robert Noyce rise to the top, not manufacturing people. Plus GOOG has a vision, if you understand what GOOG glasses are all about, although GOOG’S vision is very, very nasty.

Not to disparage science and engineering types as I am one, but the vast majority of us just are not charismatic leaders. Still something like 70 pc of the SP500 CEOs are engineer/science types. In engineering and design, typically the engineers with the highest iq rise to the top as engineers won’t listen to anyone unless they are much smarter. The guys with the worst records as CEOs have been sales people like John Chambers, Carly Fiorina, etc. Sales people tend to be party people and very, very shallow. I used to supervise a lot of them as a Marketing manager. Sales people understand one thing. Their commissions!!

APPL is DOA, Tim failed to deliver and it is only a matter of time before he grinds the firm down and is fired imo. I don’t see him surrounding himself with the right design and marketing people like Jobs did to keep the ship in the lead. Not that this is APPL epitaph but I would want to see a better quality CEO before paying up for the stock.

- The likelihood of faster domestic economic growth is rising, the Conference Board said Thursday as it reported that its leading economic index increased in December. The leading economic index rose 0.5% in December, above analysts’ estimates of a 0.4% gain, and the strongest result since September. Among the 10 indicators tracked by the Conference Board’s index, the largest positive contribution in December came from fewer claims for unemployment-insurance benefits. The largest negative contribution came from consumers’ expectations. November’s result was upwardly revised to no change from a prior estimate of a 0.2% drop. MW

Up on financials (stock market, interest rate spreads) housing and Dec highly questionable jobs data. The hard data that is left in the LEI is pretty weak which is why they make it hard for market participants to get. Financials were the big contributors. Hey the stock market is up on QE4, the economy must be doing great right?

-MARKETS – AT A GLANCE
9:53 a.m. EST 01/24/13Major Stock Indexes
Last Change % Chg
DJIA 13829.64 50.31 0.37
Nasdaq 3141.81 -11.86 -0.38
S&P 500 1498.03 3.22 0.22
DJ Total Stock Market 15627.85 43.93 0.28
Russell 2000 899.12 2.42 0.27
Global Dow 2099.79 7.60 0.36
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600 288.08 -0.14 -0.05
UK: FTSE 100 6244.70 47.06 0.76
 
9:52 a.m. EST 01/24/13Treasurys
Price Chg Yield %
2-Year Note -0/32 0.251
10-Year Note -8/32 1.856
* at close
9:43 a.m. EST 01/24/13Futures
Last Change Settle
Crude Oil 95.99 0.76 95.23
Gold 1673.0 -13.7 1686.7
E-mini Dow 13758 39 13719
E-mini S&P 500 1491.75 1.50 1490.25
9:53 a.m. EST 01/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 89.84 88.62
Euro (EUR/USD) 1.3340 1.3318
† Late New York trading.

-Election Rigging CEO Fired at Diebold!!

Diebold Inc.DBD -7.90% said Thursday Thomas Swidarski has stepped down as chief executive officer of the North Canton, Ohio provider of self-service delivery and security systems. The company launched a search for a new CEO and named insider George Mayes to the newly-created post of chief operating officer reporting to Henry Wallace, executive chairman of the board. Shares of Diebold fell 8% after the company warned it’ll report an adjusted profit of 45 cents a share in its fourth quarter, below the Wall Street estimate of 64 cents a share in a survey by FactSet.  MW

-948 Major Stock Indexes

Last Change % Chg
DJIA 13822.91 43.58 0.32
Nasdaq 3137.41 -16.26 -0.52
S&P 500 1497.00 2.19 0.15
DJ Total Stock Market 15618.33 34.41 0.22
Russell 2000 896.77 0.07 0.01
Global Dow 2099.25 7.06 0.34
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600 288.08 -0.14 -0.05
UK: FTSE 100 6243.09 45.45 0.73

-Analysts say ‘European Data was upbeat’. More like after you  have been mugged and pistol whipped your grateful that only your nose and a few teeth were beaten and your not dead. The analysts really are the whores of the bankers, in the same class as the media. The disgraced Henry Blodget, says boast he is the most popular Twitter freak at Davos. Yet his tweets have been as inane as his People magazine for Wall Street is.

-3M Co.’s MMM +0.21% fourth-quarter earnings rose 3.9% as the diversified manufacturer posted sales growth across most of its businesses and slightly stronger margins.The St. Paul, Minn., conglomerate, is considered a bellwether for the international economy because of its global reach and vast array of products. The company is a maker of tape and other adhesives, abrasives, coatings and films. Its thousands of products include glues used in making cars and aircraft, materials used in smartphones and computers, Scotch tape and Post-it notes.3M reported a profit of $991 million, or $1.41 a share, up from $954 million, or $1.35 a share, a year earlier. Revenue increased 4.2% to $7.39 billion. Analysts polled by Thomson Reuters most recently projected earnings of $1.41 on revenue of $7.18 billion. Operating margin rose to 19.5% from 19.2%. The company’s largest segment, industrial and transportation–which includes specialty manufacturing materials, paints and water filtration systems–reported sales rose 3.8% to $2.49 billion. 3M’s second-biggest contributor to the top line, its health-care segment, reported sales increased 5.6% to $1.33 billion.The safety, security and protection services segment was the only business to report a sales decline–down 2.5% at $904 million. Shares of 3M, which affirmed its 2013 guidance, closed Wednesday at $99.49 and were inactive premarket. The stock is up 16% in the past year. MW

-935 Tech plunges continues on horrid after hours results. If tech is not healthy the USE and global economy is not healthy

Last Change % Chg
DJIA 13817.65 38.32 0.28
Nasdaq 3131.03 -22.64 -0.72
S&P 500 1495.37 0.56 0.04
DJ Total Stock Market 15577.98 -5.94 -0.04
 

-934 Major Stock Indexes

Last Chg %Chg
Global Dow 2097.30 5.11 0.24
DJ Global Total Stock Market 2772.06 0.31 0.01
DJ Global exUS TSM 2180.38 1.74 0.08
DJ Asia-Pacific TSM 1340.56 -5.42 -0.40
 Australia: S&P/ASX* 4810.20 22.40 0.47
 China: Shanghai Composite* 2302.60 -18.31 -0.79
 Hong Kong: Hang Seng* 23598.90 -36.20 -0.15
 India: BSE Sensex* 20026.61 45.04 0.23
 Japan: Nikkei Average* 10620.87 133.88 1.28
 Taiwan: TAIEX* 7695.99 -48.19 -0.62
Stoxx Europe 600 288.15 -0.07 -0.02
 Belgium: Bel-20 2549.72 14.24 0.56
 France: CAC 40 3739.20 13.03 0.35
 Germany: DAX 7725.26 17.72 0.23
 Italy: FTSE MIB 17647.68 68.68 0.39
 Sweden: OMX Stockholm 356.93 0.61 0.17
 UK: FTSE 100 6240.44 42.80 0.69
DJ Americas TSM 3886.20 -3.15 -0.08
 Argentina: MerVal 3316.89 16.03 0.49
 Brazil: Bovespa 62049.04 82.78 0.13
 Canada: S&P/TSX* 12794.05 -30.58 -0.24
*close

-931 USA opens

APPL trips market circuit breaker after plunging 11 pc at opening!!

MARKETS – AT A GLANCE
9:31 a.m. EST 01/24/13Major Stock Indexes
Last Change % Chg
DJIA 13803.90 24.57 0.18
Nasdaq 3125.33 -28.34 -0.90
S&P 500 1491.65 -3.16 -0.21
DJ Total Stock Market 15551.77 -32.15 -0.21
Russell 2000* 896.70 -2.54 -0.28
Global Dow 2094.35 2.16 0.10
Japan: Nikkei Average* 10620.87 133.88 1.28
Stoxx Europe 600 288.12 -0.10 -0.03
UK: FTSE 100 6239.76 42.12 0.68
 
9:30 a.m. EST 01/24/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.247
10-Year Note -5/32 1.845
* at close
9:21 a.m. EST 01/24/13Futures
Last Change Settle
Crude Oil 96.10 0.87 95.23
Gold 1670.8 -15.9 1686.7
E-mini Dow 13735 16 13719
E-mini S&P 500 1488.00 -2.25 1490.25
9:31 a.m. EST 01/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 89.83 88.62
Euro (EUR/USD) 1.3347 1.3318
† Late New York trading.

- Raytheon Co.RTN 0.00% said Thursday its fourth-quarter profit from continuing operations fell to $466 million, or $1.41 a share, from $539 million, or $1.56 a share, in the year-ago period. The company’s adjusted profit totaled $1.60 a share. Sales rose slightly to $6.44 billion from $6.42 billion. Wall Street analysts expected Raytheon to earn $1.34 a share on sales of $6.46 billion, according to a survey by FactSet. Looking ahead, Raytheon expects 2012 earnings from continuing operations of $5.16 to $5.31 a share and adjusted 2013 profit of $5.65 to $5.80 a share, compared to the analyst estimate of $5.44 a share. MW

-Alaska Air Group Inc.’s ALK -1.12% fourth-quarter earnings fell 31% as fuel-hedging adjustments masked the airline’s improved revenue.The parent of Alaska Airlines had seen improved profits in recent quarters, aided by increased traffic and fuller planes.Alaska Air reported a profit of $44 million, or 61 cents a share, down from $64 million, or 88 cents, a year earlier. Excluding items such as mark-to-market fuel hedge adjustments, per-share earnings rose to 70 cents from 51 cents.Operating revenue jumped 8.4% to $1.13 billion.Analysts polled by Thomson Reuters had most recently forecast per-share earnings of 71 cents on revenue of $1.13 billion.Operating margin shrank to 6.5% from 10.9%.On a consolidated basis, traffic rose 8.7% as capacity increased 7.8%. Load factor, or the percentage of seats filled, climbed to 85.4% from 84.7% a year ago.Meanwhile, passenger revenue per available seat mile–an important metric for airlines–edged up 0.6% from a year ago.Economic fuel costs increased 2.7% to $3.43 a gallon.Shares closed Wednesday at $46.65 and were inactive premarket. The stock has gained 26% over the past year. WSJ

-Morgan Stanley Thursday cut its outlook on gold prices for the year ahead, but reiterated its view that macroeconomic conditions remain favorable for further price appreciation in the yellow metal.The bank cut its average price forecast for gold this year by 4% to $1,773 a troy ounce. It also cut its silver price outlook for 2013 by 4% to $33.44/oz.

-Citi cuts Apple price target to $500 from $575

-Nokia Corp. NOK +0.43% on Thursday said earnings per share for the fourth quarter swung to 0.05 euros from a loss of 0.29 euros in the-year-ago period, beating consensus estimates of earnings of 0.02 euros a share. Operating profit came in at 439 million euros compared with a 954 million loss. The Finnish handset maker further said sales dropped 20% to 8.041 billion euros from fourth quarter last year, below FactSet estimates of 8.077 billion euros. Sales in the Smart Devices business tanked 55% to 1.225 billion euros quarter-on-quarter, while volumes slumped 66%. Nokia’s Board of Directors suggested to scrap dividends for 2012 to ensure the company’s “strong liquidity position.” In 2011 Nokia paid out 0.20 euros per share in dividends. Additionally, the firm said it expects the operating margin for the Devices & Services unit to decline 2%, based on competitive industry dynamics and the macroeconomic environment. Nokia shares traded 3.2% lower in Helsinki. MW

-Xerox Corp.XRX +0.66% said Thursday its fourth-quarter profit dropped by 11% to $335 million, or 26 cents a share, from $375 million, or 26 cents a share, in the year-ago period. Adjusted profit in the latest quarter totaled 30 cents a share. Revenue fell 1% to $5.92 billion. Wall Street analysts expected Xerox to earn 29 cents a share on revenue of $5.87 billion, according to a survey by FactSet. Looking ahead, Xerox expects first-quarter adjusted profit of 23 cents to 25 cents a share. Analysts expect the company to earn 24 cents a share, on average.  MW

- Union Pacific Corp. UNP +1.22% said Thursday its fourth-quarter profit rose to $1 billion, or $2.19 a share, from $964 million, or $1.99 a share, in the year-ago period. The railroad’s operating revenue increased by 3% to $5.25 billion. Wall Street analysts expected Union Pacific to earn $2.16 a share on sales of $5.3 billion, according to a survey by FactSet. “Our diverse portfolio of business, solid core pricing gains, and efficient network operations drove these results despite significantly weaker coal and grain markets,” the company said. MW

-Asia Closing Prices

Country: Index Last Change % Chg
Asia Dow 3008.46 -7.22 -0.24
DJ Asia-Pacific TSM 1340.92 -5.06 -0.38
Australia: All Ordinaries* 4833.80 21.70 0.45
Australia: S&P/ASX* 4810.20 22.40 0.47
China: DJ CBN China 600* 21328.25 -248.58 -1.15
China: DJ Shanghai* 291.38 -3.42 -1.16
China: Shanghai Composite* 2302.60 -18.31 -0.79
China: Shenzhen Composite* 911.53 -18.87 -2.03
China: Shanghai 50* 1900.18 -9.96 -0.52
Hong Kong: Hang Seng* 23598.90 -36.20 -0.15
India: BSE Sensex* 20026.61 45.04 0.23
India: S&P CNX Nifty* 6054.30 5.80 0.10
Indonesia: JSX Index* 4418.73 2.18 0.05
Indonesia: JSX BISNIS 27* 379.37 0.97 0.26
Indonesia: JSX Islamic* 608.16 -1.13 -0.19
Indonesia: JSX LQ-45* 755.21 -0.04 -0.01
Indonesia: PEFINDO-25* 476.00 -0.62 -0.13
Indonesia: SRI-KEHATI* 238.95 0.45 0.19
Japan: DJ Japan TSM* 559.43 6.20 1.12
Japan: Nikkei Average* 10620.87 133.88 1.28
Japan: TOPIX Index* 897.62 9.83 1.11
Malaysia: DJ Malaysia TSM* 3040.50 11.39 0.38
Malaysia: FTSE Bursa Malaysia KLCI* 1635.25 6.59 0.40
New Zealand: NZX 50* 4189.91 2.19 0.05
S. Korea: KOSPI* 1964.48 -15.93 -0.80
S. Korea: KOSPI 50* 1696.15 -17.37 -1.01
S. Korea: KOSPI 100* 1962.82 -18.02 -0.91
S. Korea: KOSPI 200 Composite* 258.74 -2.36 -0.90
Singapore: FTSE Straits Times* 3248.39 17.16 0.53
Taiwan: TAIEX* 7695.99 -48.19 -0.62
Thailand: SET* 1449.09 9.89 0.69

- German Bundesbank’s Dombret commented that clear rules were need to avoid a currency war and that FX Interventions needed to be temporary, targeted and transparent. He agreed largely with IMF capital flow proposal and added that capital flow restrictions could hurt economies and should be used for very limited expectations.
- Ireland PM Kenny commented at Davos that the domestic economy was making progress but remained in a fragile state but the govt has stabilized the situation. Ireland remained in talks with ECB on debt.

- UK PM Cameron: Trade is being choked off by barriers and red tape; wants to push for more serious G8 debate on tax evasion.

- Italy PM Monti: Domestic policy in EU countries must favor growth. (except his growth choking policies of course).

-  Netherlands PM Rutte: Aim is to keep the EMU intact but exit should be possible

- ESM chief Regling commented from Davos that Ireland and Portugal were making good progress with structural reforms and confident that a solution would be found for Cyprus. ESM has fully invested its paid-in capital.

German Econ Min Roesler: Expect German GDP to improve this year and be significantly above the +0.4% official growtn target (election year). 

- Sweden Fin Min Borg reiterated his view that it too early to declare victory in EMU crisis and needed more expansionary fiscal and monetary policy. He wanted to see signs of solid demand.
- SNB’s Danthine reiterated view that CHF remained too strong and not sustainable. He did welcome the recent easing of pressure on currency. He noted that EUR/CHF floor was not designed for small adjustments (reply to question on raising floor to 1.25) but further measures might be needed. Deflation was expected to continue for several months.
- Russia Central Bank (CBR) First Dep Chairman Ulyukayev commented that it would continue buying gold and other precious metals for reserve purposes. USDs share in fx reserves about 46%, Euro 40.5%, Canadian dollar 3%, Australian dollar 2%, Sterling 9%. Inflation seen at 7% in Jan-Feb period.

- Poland Central Bank official Hausner commented that he saw 2013 domestic economic slowdown as being deeper and longer than the one experienced in 2009 but nothing indicated a recession for the country.

- Japan PM Abe commented that Goverment wanted to keep possible BOJ law revision in sight and that bold monetary easing was necessary.

- Japan Fin Min Aso: Too early to discuss amount of new JBG issuance for the year

- Moody’s: Growth in China will moderate with no hard landing .

- Former PBoC advisor Li Daokui: Worried about US fiscal issues; sees only minor changes in China buying US debt. Europe was working hard to carry out reforms and stated that China would be reluctant to ease monetary policy.

- Former PBoC Advisor Fan Gang said overheating is a risk for China, as the economy has recovered

- Brazil Government issues Presidential decree cutting electricity costs.

-  Fitch revises sovereign outlook on Belgium to Stable from Negative; Affirms AA rating.

-  Portugal 2012 deficit 5.0% of GDP, better than 5.4% agreed with Troika.

-  Catalonia Parliament passes non-binding declaration of sovereignty stating its citizens have the right to decide their own sovereignty.

-Europe Session Economic Release Summary

(FI) Finland Dec PPI M/M: -0.2% v -0.3% prior; Y/Y: 1.5% v 1.3% prior
(FI) Finland Dec Preliminary Retail Sales Volume Y/Y: -1.2% v +1.4% prior
 (FR) France Jan Preliminary PMI Manufacturing: 42.9 v 44.9e (11th straight month of contraction); PMI Services: 43.6 45.5e (5th straight month of contraction)
(ES) Spain Q4 Unemployment Rate: 26.0% v 26.0%e (record high)
(CZ) Czech Jan Business Confidence: 1.7 v 1.6 prior; Consumer Confidence: -27.8 v -26 prior; Composite: -4.2 v -3.9 prior
(PH) Philippines Central Bank Interest Rate Decision: Expected to leave Overnight Borrowing Rate unchanged at 3.50%
(AT) Austria Nov Industrial Production M/M: -1.3 v -0.2% prior; Y/Y: -0.5% v 2.2% prior
-(EU) ECB: €0.0 borrowed in overnight loan facility vs. €530.0M prior; €206.8B parked in deposit facility vs. €203.6B prior
 (DE) Germany Jan Advanced PMI Manufacturing: 48.8 v 46.8e; PMI Services: 55.3 v 52.0e (services registers second consecutive month of growth and 19 month high)
(NL) Netherlands Nov Consumer Spending Y/Y: -3.0 v -2.2% prior
(SE) Sweden Dec PPI M/M: 0.5% v 0.0% prior; Y/Y: -2.4% v -3.1% prior
(SE) Sweden Dec Unemployment Rate: 7.4% v 7.8%e; Unemployment Rate Seasonally Adj: 7.8% v 8.1%e
(HK) Hong Kong Dec Trade Balance (HKD): -48.0B v -50.3Be; Exports Y/Y: 14.4% v 9.2%e; Imports Y/Y: 11.9% v 8.3%e
(EU) Euro Zone Jan Advanced PMI Manufacturing: 47.5 v 46.6e; PMI Services: 48.3 v 48.0e; PMI Composite: 48.2 v 47.5e (all at 10-month highs)
(EU) Euro Zone Nov Current Account nsa: €19.8B v €11.6B prior; Current Account Seasonally adj: €14.9B v €8.0B prior
(IT) Italy Nov Retail Sales M/M: -0.4% v -0.1%e; Y/Y: -3.1% v -3.8% prior
(PL) Poland Dec Retail Sales M/M: 15.1% v 19.2%e; Y/Y: -2.5% v +1.3%e
(PL) Poland Dec Unemployment Rate: 13.4% v 13.3%e
(UK) Dec BBA Loans for House Purchase: 33.6K v 34.1Ke
(BR) Brazil Jan FGV Consumer Confidence: 117.9 v 118.7 prior (fourth straight MoM decline)
(PL) Central/Eastern European Jan ZEW Indicator: +27.0 v +6.1 prior

-January U.S. flash manufacturing PMI rose to 56.1

-Initial applications for U.S. unemployment benefits fell by 5,000 to a seasonally adjusted 330,000 in the week ended Jan. 19, the Labor Department said Thursday. That’s the lowest level since January 2008.Yet the claims report can be somewhat erratic in January after the end of the holiday season and it will take another few weeks of data to see if the number of people filing new claims remains at its current lows. There’s little evidence in other economic data to suggest that the labor market has dramatically improved.The Labor Department said estimates were used for three states that did not file complete information on time, including California and Virginia. MW

Fake it all!

-859 Europe

Country: Index Last Change % Chg
Europe Dow 1736.72 5.40 0.31
Stoxx Europe 50 2643.24 -6.40 -0.24
Stoxx Europe 600 287.68 -0.54 -0.19
Euro Stoxx 50 2708.19 -0.09 0.00
Euro Stoxx 269.40 -0.06 -0.02
Austria: ATX Index 2433.41 -6.04 -0.25
Belgium: Bel-20 2546.45 10.97 0.43
Denmark: OMX Copenhagen 20 535.01 -2.91 -0.54
Estonia: OMX Tallinn 767.40 3.82 0.50
Finland: OMX Helsinki 6112.71 -70.58 -1.14
France: CAC 40 3732.97 6.80 0.18
Germany: DAX 7709.92 2.38 0.03
Greece: Athens General 999.35 -20.06 -1.97
Greece: DJ Greece TSM 757.92 -15.54 -2.01
Greece: FTSE/ATHEX 20 336.58 -8.56 -2.48
Iceland: OMX Iceland All-Share 733.14 5.72 0.79
Ireland: ISEQ Overall 3516.89 37.89 1.09
Italy: FTSE MIB 17615.47 36.47 0.21
Latvia: OMX Riga 403.88 -3.97 -0.97
Lithuania: OMX Vilnius 373.51 2.92 0.79
Netherlands: AEX 353.17 0.16 0.05
Norway: OSE All-Share 517.82 0.31 0.06
Portugal: PSI 20 6264.50 -73.09 -1.15
Russia: DJ Russia Titans 6568.45 -3.98 -0.06
Spain: IBEX 35 8620.90 7.60 0.09
Sweden: OMX Stockholm 356.41 0.09 0.03
Switzerland: Swiss Market 7426.03 34.08 0.46
UK: FTSE 100 6228.84 31.20 0.50
UK: FTSE 250 13010.73 76.33 0.59
UK: FTSE AIM All-Share 739.03 1.48 0.20

Futures Index Value % Change Open High Low Time
Americas Futures
DJIA INDEX FUTURE Mar13 13,735.00 +0.12% 13,706.00 13,743.00 13,703.00 08:45:47
S&P 500 FUTURE Mar13 1,489.00 -0.09% 1,484.00 1,489.40 1,483.40 08:46:09
NASDAQ 100 FUTURE Mar13 2,721.50 -1.36% 2,712.50 2,725.75 2,709.75 08:45:28

 

-I will pick it up in the USA trading  morning. Europe will be all canned Davos news and hot air today. It is PMI day in Europe. Any surprises will be to the downside I expect.

-148 Asia

Country: Index Last Change % Chg
Asia Dow 3011.15 -4.53 -0.15
DJ Asia-Pacific TSM 1344.50 -1.48 -0.11
Australia: All Ordinaries* 4833.80 21.70 0.45
Australia: S&P/ASX* 4810.20 22.40 0.47
China: DJ CBN China 600 21402.56 -174.27 -0.81
China: DJ Shanghai 292.42 -2.38 -0.81
China: Shanghai Composite 2290.97 -29.94 -1.29
China: Shenzhen Composite 905.44 -24.96 -2.68
China: Shanghai 50 1890.37 -19.76 -1.03
Hong Kong: Hang Seng 23569.13 -65.97 -0.28
India: BSE Sensex* 20026.61 45.04 0.23
India: S&P CNX Nifty* 6054.30 5.80 0.10
Indonesia: JSX Index* 4418.73 2.18 0.05
Indonesia: JSX BISNIS 27* 379.37 0.97 0.26
Indonesia: JSX Islamic* 608.16 -1.13 -0.19
Indonesia: JSX LQ-45* 755.21 -0.04 -0.01
Indonesia: PEFINDO-25* 476.00 -0.62 -0.13
Indonesia: SRI-KEHATI* 238.95 0.45 0.19
Japan: DJ Japan TSM* 559.56 6.33 1.14
Japan: Nikkei Average* 10620.87 133.88 1.28
Japan: TOPIX Index* 897.62 9.83 1.11
Malaysia: DJ Malaysia TSM* 3040.50 11.39 0.38
Malaysia: FTSE Bursa Malaysia KLCI* 1635.25 6.59 0.40
New Zealand: NZX 50* 4189.91 2.19 0.05
S. Korea: KOSPI* 1964.48 -15.93 -0.80
S. Korea: KOSPI 50* 1696.15 -17.37 -1.01
S. Korea: KOSPI 100* 1962.82 -18.02 -0.91
S. Korea: KOSPI 200 Composite* 258.74 -2.36 -0.90
Singapore: FTSE Straits Times 3248.40 17.17 0.53
Taiwan: TAIEX* 7695.99 -48.19 -0.62
Thailand: SET 1447.47 8.27 0.57

-The Anglo-Zionist West Always partners with murderers and despots in the great African Land Grab. To quote Prince Andrew, ‘the grand game is back on’.

Mali’s army has been carrying out summary executions in its war with Islamist rebels, an international human rights group claims. Meanwhile Russia’s FM says Mali’s insurgency is made up of groups that got NATO backing in its 2011 Libyan excursion.The International Federation for Human Rights (FIDH) says Mali’s army has been killing people it accuses of being “infiltrators” or rebel “accomplices” – but also those who are seen carrying weapons, or who are simply unable to produce identification. Summary executions have been documented in at least three towns, while ethnic Tuaregs in the capital Bamako have had their houses raided by Malian troops, the group says. “In Sévaré, at least 11 individuals were executed in the military camp, near the bus station and near the hospital. Reliable information report close to 20 other executions in the same area where bodies are said to have been buried very hastily, in particular in the wells,” the FIDH said in a statement. “Other allegations of summary executions continue to come from all areas of the west and center of the country,” it continued. RT

Northern Mali which is very oil prospective and the Ethnic Tuaregs want their own homeland. Lots of oil, gold and uranium ground at stake here. Those guys will dig into cave and be impossible to bomb out and the French and English will get slaughtered if they try and send special forces in. Call in the Marines. Mark Skousen, says that the British demanded covert B52 bombing raids by the USAF on Libya. Britain’s warlord is on the USA throne making war upon the world. The Arab spring was the start of the big African land grab and to kick the Chinese out so Europeans can continue their fat and easy lives. All that mineral and oil wealth of Africa goes to Asia and Europe not the USA. More dead people for Eurotrash and the Eurotrash banksters. Again, London and France lead the charge and the USA will eventually do all the killing.

-  Japan MoF official Nakao: Japan is carefully monitoring recent rise in the JPY; to take appropriate action if required – Nikkei

- Premier Chen asks Taiwan’s central bank to monitor yen weakening . Press.

- China may announce details to qualified domestic institutional investors (QDII) rules in May. Beijing to tighten emission standards in Feb.  China to increase minimum purchase price for wheat, rice – Chinese press

- Australia Treasurer Swan: Australia not immune to global economic events – financial press

- GLD: SPDR Gold Trust ETF daily holdings fall by 1.8 tons to 1,334.1 tons

-Samsung May sell 10 m Galaxy S4 per month.

-Toshiba : In talks with GE to form JV for development and sale of fossil fuel equipment. Nikkei

- Hyundai Motor 005380.KR: Reports Q4 Net KRW1.9T v KRW2.0Te, Op profit KRW1.8T v KRW2.2Te, Rev KRW22.7T v KRW22.1Te; -4% after earnings

-Platts analysts see crude oil demand in China having peaked – Chinese Press

-Asia Session Economic Summary

(CN) CHINA JAN HSBC FLASH MANUFACTURING PMI: 51.9 V 51.7E (22-month high, 5th consecutive increase)
(JP) JAPAN DEC MERCHANDISE TRADE BALANCE TOTAL: -¥641.5B V -¥522.8BE; ADJUSTED MERCHANDISE TRADE BALANCE: -¥800.7B V -¥760.9BE
(KR) SOUTH KOREA Q4 PRELIM GDP Q/Q: 0.4% V 0.5%E; Y/Y: 1.5% V 1.8%E
(NZ) NEW ZEALAND DEC BUSINESS NZ PMI: 50.1 V 48.8 PRIOR
(NZ) NEW ZEALAND DEC CREDIT CARD SPENDING M/M: 1.0% V 0.4% PRIOR; Y/Y: 4.6% V 3.9% PRIOR (6-month high)

-Blackstone CEO Interview from Davos

http://www.bloomberg.com/video/schwarzman-not-maximizing-a-decade-of-growth-oE0nmh4xQ6CWiDfGOSrh7w.html

-Geithner wants Bernanke’s job, and has the inside line due his former FED position in NY and the extraordinary corruption and insider dealing he ushered in.

-Asia 0000

Despite HSBC/Markit’s  flash mfg.  PMI for China increasing to 51.9 in January, indicating a moderate manufacturing expansion continues, Chinese Stocks from Shanghai to Taipei declined. The Hang Seng was down -.15 ; the Shanghai Composite was down -.07, and the TAIEX was down -.39 %. Apple’s poor results and forward guidance caused a sell off in its Chinese supply chain.

Japan posted a dismal trade deficit for 2012 of $78 Bln for 2012.  This spurred selling of yen on the expectation the government and BOJ will continue to drive the yen lower to the 110 to 100 target various government sources have pointed to. The Nikkei rose 1 pc to 10591. Japan releases inflation figures on Friday and now the BOJ has a 2 pc target. The Y/D surged passed 89 with ease. TEPCO, the Fukushima victim/enabler , announced they were going to hire new graduates this year, apparently having retired or killed enough of their present engineers. Progress is glacial in the long term clean up process as Japan continues to spread the existing pollution around the globe.

South Korean GDP came in weaker than expected. Year-over-year, South Korean GDP rose only 0.4%, less than the 0.5% economists had anticipated. On a month-over-month basis, South Korea’s GDP increased 1.5%; economists were looking for a reading of 1.9%.
Inline with the disappointing GDP figure, Korea’s KOSPI dropped -61 pc. North Korea stated it was targeting the USA with no rocket/military tests, ratcheting up the rhetoric another notch, which further put a damper on Korean stocks, especially as a 3 rd nuclear bomb underground test comes with that rhetoric.

New Zealand credit card spending rose 4.6% y/y on Thursday, more than the prior 4% rise. The NZX rose .05 pc, while Australia’s ASX rose 0.4%. In Singapore Strait Times was up .43 pc.

Despite strong demand gold was down overnight to $1681 on the uptick in the USDX.  WTI has been stuck around the 95 mark since the Sauds cut production into China rebounded at the last OPEC meeting.

Nasdaq futures are down over 1.5 pc overnight. SP futures are down .4 pc and the Dow futures are nearly flat. European futures are down approximately .2 %.

Country: Index Last Change % Chg
Asia Dow 3004.77 -10.91 -0.36
DJ Asia-Pacific TSM 1342.94 -3.04 -0.23
Australia: All Ordinaries 4831.20 19.10 0.40
Australia: S&P/ASX 4807.60 19.80 0.41
China: DJ CBN China 600 21459.67 -117.16 -0.54
China: DJ Shanghai 293.26 -1.54 -0.52
China: Shanghai Composite 2319.18 -1.73 -0.07
China: Shenzhen Composite 921.62 -8.78 -0.94
China: Shanghai 50 1910.62 0.48 0.03
Hong Kong: Hang Seng 23599.33 -35.77 -0.15
India: BSE Sensex* 20026.61 45.04 0.23
India: S&P CNX Nifty* 6054.30 5.80 0.10
Indonesia: JSX Index* 4418.73 2.18 0.05
Indonesia: JSX BISNIS 27* 379.37 0.97 0.26
Indonesia: JSX Islamic* 608.16 -1.13 -0.19
Indonesia: JSX LQ-45* 755.21 -0.04 -0.01
Indonesia: PEFINDO-25* 476.00 -0.62 -0.13
Indonesia: SRI-KEHATI* 238.95 0.45 0.19
Japan: DJ Japan TSM 555.70 2.47 0.45
Japan: Nikkei Average 10591.35 104.36 1.00
Japan: TOPIX Index 892.74 4.95 0.56
Malaysia: DJ Malaysia TSM* 3040.50 11.39 0.38
Malaysia: FTSE Bursa Malaysia KLCI* 1635.25 6.59 0.40
New Zealand: NZX 50* 4189.91 2.19 0.05
S. Korea: KOSPI 1968.25 -12.16 -0.61
S. Korea: KOSPI 50 1699.10 -14.42 -0.84
S. Korea: KOSPI 100 1966.02 -14.82 -0.75
S. Korea: KOSPI 200 Composite 259.21 -1.89 -0.72
Singapore: FTSE Straits Times 3245.25 14.02 0.43
Taiwan: TAIEX 7714.08 -30.10 -0.39
Thailand: SET 1448.15 8.95 0.62
Gold 1681.85 -4.85 -0.29%
Silver 32.075 -0.364 -1.12%
Copper 3.673 -0.009 -0.24%
Crude Oil 95.53 +0.29 +0.31%
Natural Gas 3.571 +0.013 +0.38%
US Cotton No.2 80.07 -0.40 -0.50%
US Coffee C 150.70 +1.77 +1.19%

 

EUR/USD 1.3316 -0.0003 -0.02%
GBP/USD 1.5833 -0.0013 -0.09%
USD/JPY 89.08 +0.45 +0.51%
USD/CHF 0.9302 +0.0009 +0.09%
AUD/USD 1.0513 -0.0043 -0.41%
USD/CAD 1.0003 +0.0011 +0.12%
EUR/GBP 0.8410 +0.0005 +0.07%

Bonds

Japan 10yr 0.74-0.01, 1.11%

U.S. 10yr 1.82-0.01, 0.47%

CDS

Price Change %Change
AUT CDS 5-YR 43.74 -0.34 -0.77%
BEL CDS 5-YR 75.36 0.36 0.48%
CHN CDS 5-YR 173.57 19.34 12.54%
DEN CDS 5Y 31.42 0.09 0.29%
DUBAI CDS 5Y 207.20 -3.28 -1.56%
EGY CDS 5Y 440.00 -0.66 -0.15%
FIN CDS 5YR 29.50 UNCH 0%
FRANCE CDS 5YR 85.62 -0.38 -0.44%
GER CDS 5YR 40.47 -0.53 -1.29%
GRE CDS 5YR 4316.00 -13.80 -0.32%
HUN CDS 5YR 274.14 -2.345 -0.85%
INA CDS 5-YR 137.68 -0.22 -0.16%
IRE CDS 5Y 181.18 0.85 0.47%
ITA CDS 5YR 242.55 0.55 0.23%
JPN CDS 5YR 79.085 -0.365 -0.46%
KOR CDS 5YR 66.615 0.095 0.14%
NED CDS 5YR 50.50 UNCH 0%
PAN CDS 5-YR 92.00 0.525 0.57%
POR CDS 5-YR 380.00 -1.175 -0.31%
SVK CDS 5YR 92.00 UNCH 0%
ESP CDS 5YR 262.79 0.705 0.27%
SWE CDS 5-YR 18.38 -0.12 -0.65%
SUI CDS 5Y 40.00 UNCH 0%
UK CDS 5Y 46.455 -0.545 -1.16%
US CDS 5Y 45.44 -0.06 -0.13%

-Japan posted a record high trade deficit for 2012, as exports to Europe and China continued their plunge.The trade gap rose to 6.9 Tn Y ($78bn) for the full year, the MOF said. Japan has experienced seven consecutive months of trade gap, which will be reverse shortly with Japan’s successful intervention in weakening the Yen.

-South Korea’s growth rate has hit a three-year low, hurt by a slowdown in exports and corporate investment.The economy grew by 2% in 2012, the Central Bank’s initial estimates showed. That is down from 3.6% in 2011.

-Geopolitical Headliners

News www.antiwar.com
Updated January 23, 2013 – 11:29 PM EST
Israel Deadlocked Between Center-Left, Far-Right
Netanyahu Turns to Iran After Narrow Election Win
Is US Involvement in Mali War Really ‘Limited’?
Algerian Officials Claim Benghazi Ties to Hostage Siege
US Military Shipping French Troops, Supplies to Mali
UN Warns of Mali Refugee Crisis: 400,000 Already Displaced by War
House Intel Chair: US ‘Knew Something Big Was Coming’
51 Killed, 98 Wounded in Iraq Attacks
Iraq Attacks Surge: Over 175 Killed in Past Week
US Drone Strike Kills 14 in Eastern Afghanistan
‘Pathetic Coward’: Prince Harry Blasted for Taliban Comments
Yemen Cabinet Minister Condemns Drone Strikes
17 Killed in Four Straight Days of US Drone Strikes in Yemen
Pakistan Unhappy US Drone Strikes Will Continue
Bahrain: The Forbidden Country
Armed Drones Could Target President: Former US Intel Chief
Viewpoints
Will the Next War Be in Asia? by Michael Klare & Tom Engelhardt
How Cameron Created the Chaos in North Africa  by Brendan O’Neill
Reflections on the Vietnam War: the Things a Warrior Knows by Ron Kovic
The Mali Trap  by Patrick Cockburn
Obama’s Assassination Manual by Paul Pillar
How Much Military Is Enough? by Jill LePore
More Viewpoint

-When Tim Cook made that massive options grab for himself at the onset of his tenure as CEO, his mind and heart were in the wrong place. APPL dropped as low as 457 in after market trading. When you’re swing trading, always use hard stops. The APPL bulls are whipped dogs now. Without the upward mo, traders won’t hang around either.

-The preliminary reading of a China’Purchasing Managers Index was 51.9 in January, according to a statement from HSBC Holdings Plc and Markit Economics today. That compares with the 51.5 final reading for December.

USA After hours Summary

NFLX: Reports Q4 +$0.13 v -$0.12e, R$945M v $935Me; Domestic streaming net adds 2.05M v 1.16M q/q; +35% afterhours
AAPL: Reports Q1 $13.81 v $13.44e, R$54.5B v $54.8Be; Guides Q2 Rev $41-43B v $46.5Be; -10% afterhours
WDC: Reports Q2 $2.09 v $1.82e, R$3.8B v $3.68Be; -1.4% afterhours
ALTR: Reports Q4 $0.37 v $0.39e, R$439.4M v $451Me; -6.2% afterhours
SNDK: Reports Q4 $1.05 v $0.73e, R$1.54B v $1.52Be; Guides Q1 Rev $1.225-1.30B v $1.38Be; FY13 $5.3-5.6B v $6.0Be – conf call; -3.7% afterhours
AMGN: Reports Q4 $1.40 (adj) v $1.44e, R$4.42B v $4.36Be; -0.3% afterhours

-Welcome back

Economic Calendar

Time Cur. Imp. Event Actual Forecast Previous
03:00   EUR     French Manufacturing PMI 45.1 44.6
03:00   EUR     French Services PMI 45.6 45.2
03:00   EUR     Spanish Unemployment Rate 26.0% 25.0%
03:30   EUR     German Manufacturing PMI 46.8 46.0
03:30   EUR     German Services PMI 52.0 52.0
03:30   HKD     Hong Kong Trade Balance -50.3B -44.1B
04:00   EUR     Current Account 7.0B 3.9B
04:00   EUR     Manufacturing PMI 46.6 46.1
04:00   EUR     Services PMI 48.1 47.8
04:00   EUR     Italian Retail Sales (MoM) 0.1% -1.0%
04:30   GBP     BBA Mortgage Approvals 34.1K 33.6K
06:00   GBP     CBI Distributive Trades Survey 12 19
08:00   ZAR     South African Interest Rate Decision 5.00% 5.00%
08:30   USD     Continuing Jobless Claims 3200K 3214K
08:30   USD     Initial Jobless Claims 355K 335K
09:00   MXN     Mexican Economic Activity (YoY) 3.30% 4.33%
09:00   USD     Manufacturing PMI 53.20 54.20
09:45   USD     Bloomberg Consumer Confidence -35.5
10:00   USD     CB Leading Index (MoM) 0.3% -0.2%
10:30   USD     Natural Gas Storage -167B -148B
11:00   USD     Crude Oil Inventories 1.750M -0.951M
11:00   USD     Gasoline Inventories 1.450M 1.910M
11:00   USD     KC Fed Manufacturing -2.00
18:30   JPY     National Core CPI (YoY) -0.2% -0.1%
18:30   JPY     Tokyo Core CPI (YoY) -0.5% -0.6%
18:50   JPY     Monetary Policy Meeting Minutes

================================================================

NEWSLINKS

-Moodys warns EU Banks need more Cash

http://www.reuters.com/article/2013/01/24/us-europe-banks-idUSBRE90N0HH20130124

-Euro PMI Propaganda from BBN

http://www.bloomberg.com/news/2013-01-24/euro-area-services-manufacturing-slump-eases-as-crisis-wanes.html

 

-Mary Jo White @SEC

http://www.bloomberg.com/news/2013-01-24/obama-set-to-name-white-to-sec-cordray-to-lead-consumer-bureau.html

-Spanish jobless number at record

http://www.bloomberg.com/news/2013-01-24/spanish-jobless-rate-hits-record-after-rajoy-s-first-year.html

-North Korea to carry out 3 rd nuclear test aimed at USA.

http://www.telegraph.co.uk/news/worldnews/asia/northkorea/9822865/North-Korea-to-carry-out-third-nuclear-test-aimed-at-US.html

-IMF: Global economic recovery ‘weakening

http://www.bbc.co.uk/news/business-21164752

-South Korea’s growth rate hits three-year low

http://www.bbc.co.uk/news/business-21155963

-Debt limit extension bill passes House

http://www.reuters.com/article/2013/01/24/us-usa-fiscal-idUSBRE90M11F20130124

-Apple’s iPhone disappointment fans doubt on growth

http://www.reuters.com/article/2013/01/24/us-apple-results-idUSBRE90M1HD20130124

-Japan Export Slide Bolsters Abe’s Case for Driving Down Yen

http://www.bloomberg.com/news/2013-01-24/japanese-export-slide-bolsters-abe-s-case-for-driving-down-yen.html

-Apple Sales Gain Slowest Since ’09 as Competition Climbs

http://www.bloomberg.com/news/2013-01-23/apple-s-holiday-sales-miss-predictions.html

-Gold Rally Seen Sustained as Fed May Stick With QE3 Until 2014

http://www.bloomberg.com/news/2013-01-24/gold-rally-seen-sustained-as-fed-may-stick-with-qe3-until-2014.html

-China Manufacturing Expands at Fastest Pace in Two Years

http://www.bloomberg.com/news/2013-01-24/hsbc-china-jan-flash-pmi-at-51-9-vs-est-51-7.html

 

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