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Apr 24, 2015

FDIC Press Releases Update - April 24, 2015.

FDIC Office of Inspector General Press Releases

The following press releases, issued by the U.S. Department of Justice, were recently posted to the Federal Deposit Insurance Corporation’s (FDIC) Office of Inspector General (OIG) Web Such press releases reflect actions resulting from the OIG’s partnerships with U.S. Attorneys’ Offices throughout the country and other OIGs and law enforcement entities.

U.S. Stock Market Future Indications by MarketWatch - April 24. 2015: U.S. stocks: Google, Amazon poised to lead Nasdaq to another record

U.S. stocks: Google, Amazon poised to lead Nasdaq to another record




The Nasdaq Composite was poised to bust out another record on Friday, with technology stock futures pointing higher as, Google Inc. and Microsoft Corp. rose in premarket trade.
Futures for the Nasdaq-100 NQM5, +0.70%  tacked on 31 points, or 0.7%, to 4,513. Gains were less pronounced for the Dow Jones Industrial Average YMM5, +0.12%with futures up 23 points to 18,003 and S&P 500 index futures ESM5, +0.19%  up 4 points to 2,110.90.
The Nasdaq COMP, +0.41%  closed up 0.4% to its highest ever finish at 5,056.06 on Thursday, squeezing past a 15-year, dot-com-era closing high reached on March 10, 2000. The S&P 500 SPX, +0.24%  and Dow industrials DJIA, +0.11%  saw moderate gains. Analysts said the positive momentum stemmed from higher oil prices and a weaker dollar, as well as to the fact that the second half of April tends to be stronger for stocks.
But gains being seen in the premarket for Amazon AMZN, +0.05% and GoogleGOOG, +1.42%  may keep the momentum going for tech stocks. Google reported weaker-than-expected first quarter profits, with a strong dollar hurting the online-search specialist. However, shares still rose in late trading and then added 3% in premarket.
Amazon AMZN, +0.05%  swung to a loss for the quarter even as it posted a jump in sales. Shares were up 12% in premarket trading. The online retailer also finally unveiled details about its cloud-computing business on Thursday.
In economic news, orders for durable U.S. goods jumped a seasonally adjusted 4% in March, but the increase was driven almost entirely by higher demand for autos, commercial jets and military hardware. A key measure of business investment, however, fell for the seventh straight month to underscore a slowdown in how much companies are spending.
Reasons to like tech: Guillaume Duchesne, equity strategist at BGL BNP Paribas in Luxembourg, said at the moment investors are gravitating toward stocks that are a play on stable growth, and information technology is one key part of this.
“The situation is quite different from 15 years ago during the IT bubble,” he said. “Growth evolution is really positive for IT stocks, because you have some good ideas and good evolution related to big data and cloud computing.”
Duchesne said the sector remains a “high-quality safe haven” and valuations aren’t very lofty, which is a big incentive for investors.
Data on durable-goods orders for March jumped a seasonally adjusted 4%, but a key measure of business investment,so-called core orders, fell for the seventh straight month.
Stocks to watch: Looking beyond Google and Amazon, shares of Microsoft Corp.MSFT, +5.10%  were up 3.3% in premarket trading, after the software maker toppedWall Street estimates for the quarter.
Starbucks Corp. SBUX, +2.27%  was up about 4% in premarket after the coffee chain posted an 18% jump in revenue and gains in world-wide traffic.
Juniper Networks Inc. JNPR, -1.60%  was up 7% after the maker of networking gear posted better-than-expected results and guidance.
Ahead of the open on Friday, Xerox Corp. XRX, +1.70% cut its profit outlook, citing increased currency headwinds, and shares fell 4%. Shares of Biogen Inc.BIIB, -4.54%  lost 3.5% after profit and sales fell short of estimates.
Other markets: In Asia, the Hang Seng Index HSI, +0.84%  rose 0.8%, while the Nikkei 225 index NIK, -0.83%  fell 0.8%. The dollar BUXX, -0.26%  remained steady, while gold GCM5, -0.74%  and oil prices CLM5, -0.23%  drifted lower.
European stocks SXXP, +0.22%  rose marginally, while Greece’s Athex Composite index GD, +1.87% was up around 2%, paring earlier gains.

ESA | EI: Advance Report on Durable Goods - April 24, 2015: New orders for manufactured durable goods in March 2015 increased 4.0% but excluding transportation, new orders decreased 0.2%.

ESA Overlay Banner

New orders for manufactured durable goods in March 2015 increased 4.0 percent, to $240.2 billion.  Excluding transportation, new orders decreased 0.2 percent.  Overall shipments increased 1.1 percent, and capital goods shipments rose 0.6 percent. Unfilled orders were virtually unchanged, and inventories increased 0.1 percent in March 2015.

NYT First Draft on Politics - April 24, 2015: Iowa Again Becomes the Center of the Campaign World.

Iowa Again Becomes the Center of the Campaign World

Senator Rand Paul of Kentucky, here at a Republican gathering in New Hampshire on Saturday, will attend a similar event in Iowa this weekend. Ian Thomas Jansen-Lonnquist for The New York Times
APRIL 24, 2015
By Maggie Haberman
Good Friday morning from Washington, where even after a delay of several months, Loretta E. Lynch’s final confirmation vote held a few surprises. The city also prepares for the White House Correspondents’ Association dinner, andHillary Rodham Clinton continues to face questions over foreign donations to the Clinton Foundation. On a busy weekend, her Republican counterparts head en masse to early voting states.
The presidential race will shift to a higher gear this weekend, as the candidates and likely ones – save for Mrs. Clinton – fan out to cattle calls and woo donors in early contest states.

DealBook Today's Top Headlines - April 24, 2015: Cable's Mega-Deal to Be Unplugged | HSBC Weighs Move From London | Deutsche's Libor Damage

FRIDAY, APRIL 24, 2015
CABLE'S MEGA-DEAL TO BE UNPLUGGED When it was announced in February 2014, it was a deal that was going to reshape the nation's media landscape. Now that deal, a $45 billion merger of the two largest cable operators, is about to be abandoned, and companies across the television, video and broadband markets will need to assess what comes in its wake. Comcast is planning to walk away from a takeover of Time Warner Cable,

Mineweb Morning News - April 24, 2015: How central banks mislead on gold reserve reporting.

How central banks mislead on gold reserve reporting
A leaked IMF consultation document as to what central banks should report with respect to their actual gold holdings raises more questions than answers.

The Washington Post Today's Headlines - April 24, 2015: Hostages’ deaths raise wider questions about drone strikes’ civilian toll

The Washington Post
Today's Headlines
The morning's most important stories, selected by Post editors and staff  •  Fri., Apr. 24, 2015

Hostages’ deaths raise wider questions about drone strikes’ civilian toll
By Greg Miller
After weeks of aerial surveillance, CIA analysts reached two conclusions about a compound to be targeted in a January drone strike: that it was used by al-Qaeda militants and that, in the moment before it was hit, it had exactly four occupants. 

Asian Markets at Close Report by MarketWatch on April 24, 2015: Hong Kong stocks slip after soft China data

Hong Kong stocks slip after soft China data



Shares in Hong Kong slipped Thursday, after a reading showing manufacturing activity in China fell to a one-year low, indicating continued weakness in the economy.
The Hang Seng Index HSI, +0.84%  lost 0.4% to 27,827.70, failing to close above 28,000 after climbing above that level intraday for a second day in a row. Before Thursday, the index was up 12% month-to-date, mostly fueled by expectations of more buying from mainland investors and further support for the economy from Beijing.
On Thursday, a preliminary reading of Chinese manufacturing activity came in at 49.2 in April, compared with a final reading of 49.6 in March, according to HSBC Holdings PLC. Signs of weakness in the economy add to hopes that Beijing will take further stimulus measures.
The Shanghai Composite Index SHCOMP, -0.47%  was up 0.4% to 4,414.51, bringing its month-to-date gains to 18%.
Asia had earlier been given a lift from gains in the U.S. overnight, where the Nasdaq Composite was points away from an all-time high amid a busy week for quarterly results.
The Nikkei Stock Average NIK, -0.83%  finished up 0.3% at 20,187.65. The index closed above 20,000 for the first time in 15 years on Wednesday.
“Stocks are continuing to benefit from domestic pension and overseas long-term investor buying,” said Daisuke Uno, strategist at Sumitomo Mitsui Banking Corp. “A short-term catalyst will be prefectural and mayoral elections,” he added.
Still, “ahead of the start of the bulk of earnings reports next week and the Bank of Japan’s policy announcement [April 30], further upside for the Nikkei is likely going to be limited with the index already up 15% year to date,” said Uno.
—Bradford Frischkorn contributed to this article

Bloomberg View | Share The View - April 24, 2015: Markets and Manipulations.

Bloomberg View
Share The View

APR 24,

Michael Lewis: "How can a guy working from his parents’ house in suburban England whose only actionable orders were to BUY stock market futures cause such a sensational collapse in U.S. stocks?" Read more...
Matt Levine: "There are many messages between Deutsche Bank manipulators and their buddies at other banks that suggest not a war of high-Libor banks against low-Libor banks, but rather a market that was easily manipulated by a plurality of banks acting together as a team."

NYT Today's Headlines on April 24, 2015: Top News | Editors' Picks | Today's Videos | World | U.S. | Politics | Business | Technology | Sports.

The New York Times

Today's Headlines

Friday, April 24, 2015

Top News
President Obama spoke on Thursday about the two hostages accidentally killed in a counterterrorism operation.
Obama Apologizes After Drone Kills American and Italian Held by Al Qaeda


A signature antiterrorism policy is to be reviewed in addition to how intelligence forces could not have known about the presence of hostages.

The Telegraph City Briefing - April 24, 2015.

The Telegraph

Good morning. Here's our early look at today's news from the City:
UK and US regulators hit Deutsche with an unprecedented penalty yesterday: not only will it have to pay $2.5bn in fines, but also fire staff and plead guilty in Britain.
The settlement, which came with embarrassing details of how employees begged traders to alter their submissions for interest rate benchmarks, far outstrips those seen previously

The Telegraph Morning Briefing - April 24, 2015: This England

The Telegraph 



Good morning.
The Conservative pitch to English voters steps up another gear today with more detail on the plan for an English rate of income tax, part of the party’s English Manifesto.  William Hague has been talking to the Telegraph about this. You can read his thoughts