Wake Up Call - Dec 28
Good Morning. This is your wake up call for Thursday December 28, 2006. The time is 8:15 AM EST.
* Criminal allegations are surfacing regarding Apple Computer, as reported by The Financial Times. It is alleged that Steve Jobs received 7.5 million in options without Board approval, and that documents were falsified after the fact.
* Ethiopian backed Somali government troops have moved to the outskirts of Mogadishu, poised to overtake Islamist rebels who are reported fleeing.
* An estimated 3 million Muslims begin the Hajj pilgrimage rituals in Mecca.
* President Bush is preparing an address concerning Iraq and the new way forward. The speech was expected for the State of the Union Address, but will come sooner according to the White House press secretary.
* A second pipeline blast hits Lagos, Nigeria. The motive has not yet been determined to be for oil or for trouble, or if it was an accident, but it occurred in a extremely poverty stricken area.
Links to these articles and more can be found at Wall Street Greek.
U.S. equity market futures indicate a lower open today, perhaps weighed on by the news at Apple Computer. If allegations are true and depending on who takes the fall, this looks to be the second leg of the bad news begun yesterday. AAPL rebounded yesterday before details were known. If its iconic leader, Steve Jobs, is shown to have acted illegally, Apple shares seem likely to collapse, in our view.
The market is waiting on three key economic reports today, including initial weekly jobless claims, November existing home sales and consumer confidence. See "The Greek's Week Ahead" under Thursday for more details. Good morning and good day. Look for "Today's Morning Coffee" to be published shortly. (disclosure)
* Criminal allegations are surfacing regarding Apple Computer, as reported by The Financial Times. It is alleged that Steve Jobs received 7.5 million in options without Board approval, and that documents were falsified after the fact.
* Ethiopian backed Somali government troops have moved to the outskirts of Mogadishu, poised to overtake Islamist rebels who are reported fleeing.
* An estimated 3 million Muslims begin the Hajj pilgrimage rituals in Mecca.
* President Bush is preparing an address concerning Iraq and the new way forward. The speech was expected for the State of the Union Address, but will come sooner according to the White House press secretary.
* A second pipeline blast hits Lagos, Nigeria. The motive has not yet been determined to be for oil or for trouble, or if it was an accident, but it occurred in a extremely poverty stricken area.
Links to these articles and more can be found at Wall Street Greek.
U.S. equity market futures indicate a lower open today, perhaps weighed on by the news at Apple Computer. If allegations are true and depending on who takes the fall, this looks to be the second leg of the bad news begun yesterday. AAPL rebounded yesterday before details were known. If its iconic leader, Steve Jobs, is shown to have acted illegally, Apple shares seem likely to collapse, in our view.
The market is waiting on three key economic reports today, including initial weekly jobless claims, November existing home sales and consumer confidence. See "The Greek's Week Ahead" under Thursday for more details. Good morning and good day. Look for "Today's Morning Coffee" to be published shortly. (disclosure)
posted by The Greek | 7:40 AM
0 Comments:
Post a Comment
<< Home