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Jul 26, 2016

SEC Press Release - July 26, 2016: SEC: State Street Misled Custody Clients About Prices for Foreign Currency Exchange Trades


SEC Seal


The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency exchange trades.

WSJ | Forex Closing on July 26, 2016

THE WALL STREET JOURNALForex Closing
Major Currencies
Tuesday, July 26, 2016

WSJ | Major Indexes Closing on July 26, 2016

THE WALL STREET JOURNALMajor Indexes Closing
Major Indexes5:45 p.m. EDT 07/26/16

The Washington Post World Views - July 26, 2016: When isis Claims Terrorists Attacks, It's Worth Reading Closely

washingtonpost.com

By Max Bearak


WSJ | Biggest Decliners Closing on July 26, 2016

THE WALL STREET JOURNALBiggest Decliners Closing
Biggest Decliners
4:31 pm ET 07/26/2016
NYSE

WSJ | Biggest Gainers Closing on July 26, 2016

THE WALL STREET JOURNALBiggest Gainers Closing
Biggest Gainers
4:31 pm ET 07/26/2016
NYSE

WSJ | Most Actives Closing on July 26, 2016

THE WALL STREET JOURNALMost Actives Closing
Most Active Stocks by Volume
4:31 pm ET 07/26/2016
NYSE

The Guardian | Opinion | Labor Opinion - July 26, 2016: This labour Battle Isn't Blairities V Corbynistas. It's Over Proggresive Change, by David Wearing

theguardian.com

David Wearing

DealBook P.M. Edition - July 26, 2016: Top Story $1 Billion for Dollar Shave Club


Tuesday, July 26, 2016


Wall Street at Close Report on July 26, 2016, by CNBC: Stocks Close Mixed Amid Earnings; McDonald's Falls Nearly 4.5%

cnbc.com

Evelyn Cheng


U.S. stocks closed mixed Tuesday, amid major earnings reports and lower oil prices, ahead of the week's central bank meetings.

ESA | New Residential Sales - July 26, 2016

ESA Overlay Banner

Sales of new single-family houses in June 2016 were 592,000 at a seasonally adjusted annual rate (SAAR), up 3.5 percent from May’s revised rate and up 25.4 percent from June 2015.

European Markets at Close Report on July 26, 2016, by CNBC: Europe Stocks Close Higher After Earnings; Fed in Focus

cnbc.com

Arjun Kharpal, Alexandra Gibbs, Katy Barnato


European markets closed higher on Tuesday as traders digested another slew of earnings.

U. S. Stocks Open Mixed Amid Earnings; Oil, Yen; Eyed, by Evelyn Cheng , CNBC

cnbc.com

Evelyn Cheng


Andrew Burton | Getty Images
U.S. stocks opened mixed Tuesday amid a slew of Dow component earnings and further declines in oil prices.
The yen strengthened against the dollar ahead of the Bank of Japan's scheduled meeting later in the week, while Treasury yields were lower. The U.S. Federal Reserve is set to begin its two-day meeting Tuesday.

Six components of the Dow Jones industrial average reported quarterly earnings ahead of the open. Apple is scheduled to report after the close.

"It looks like the rebound is beginning to occur in earnings," said David Kelly, chief global strategist at J.P. Morgan Funds.

  • 3M posted earnings that beat by one cent a share, on revenue a touch below estimates. The firm lowered its guidance for 2016 sales growth.
  • Caterpillar reported earnings that beat on both the top and bottom line.
  • DuPont posted earnings that beat on both the top and bottom line, and raised its full-year forecast.
  • McDonald's fell more than 3 percent in pre-market trade after reporting a lower-than-expected rise in U.S. same-store sales. Quarterly earnings also missed expectations.
  • United Technologies raised full-year guidance and posted quarterly earnings that beat on both the top and bottom line.
  • Verizon reported quarterly earnings that topped expectations on revenue that missed. The telecommunications giant said a seven-week workers' strike hurt results.
The Federal Open Market Committee is set to begin its two-day meeting Tuesday. Traders do not expect the Fed to raise interest rates, but will watch the statement for indications on the timing of the next hike.

"On the Federal Reserve, I can't come up for any rationale for them to not to raise rates except that no one expects them to," Kelly said.
"I do think September is a live meeting. I think they'll try to establish that," he said.
 
DJIA Dow Industrials 18474.50 -18.56 -0.10%
S&P 500 S&P 500 Index 2168.11 -0.37 -0.02%
NASDAQ NASDAQ 5098.42 0.80 0.02%
On tap this week:

Tuesday
Earnings: Apple, Caterpillar, Verizon, 3M, DuPont, United Technologies, McDonald's, Eli Lilly, BP, Twitter, KeyCorp, KKR, Freeport-McMoRan, Martin Marietta Materials, Paccar, United Health Services, Starwood Hotels, T. Rowe Price, LVMH, Valero Energy, Under Armour, JetBlue, Anadarko Petroleum, Chubb, Panera Bread, U.S. Steel
Two-day Fed meeting begins
9:45 a.m. Services PMI
10 a.m. New home sales
10 a.m. Consumer confidence
1 p.m. $34 billion 5-year note auction
Wednesday
Earnings: Boeing, Coca-Cola, Comcast, Facebook, Amgen, State Street, Whole Foods, Groupon, GoPro, Cheesecake Factory, GlaxoSmithKline, Lumber Liquidators, Six Flags, Altria, Deutsche Bank, Fiat Chrysler, Statoil, Dr. Pepper Snapple, Ingersoll Rand, Hess, Corning, Nissan, Norfolk Southern, Nintendo, Southern Co, Anthem, Statoil, General Dynamics, Nasdaq OMX, Northrop Grumman, Mondelez
7 a.m. Mortgage applications
8:30 a.m. Durable goods; pending homes
11:30 a.m. $15 billion 2-year floating rate notes auction
2 p.m. FOMC rate decision
Thursday
Earnings: Amazon.com, Alphabet, AstraZeneca, Bristol-Myers Squibb, Colgate-Palmolive, Celgene, Cigna, Total, MasterCard, Ford, Dow Chemical, Diageo, ConocoPhillips, Credit Suisse, Royal Dutch Shell, BNP Paribas, Hershey, HCA, Harley-Davidson, Marsh & McLennan, Marathon Petroleum, Potash, PG&E, TransCanda, Raytheon, Expedia, CBS, Samsung
8:30 a.m. Jobless claims; advance trade balance
1 p.m. $28 billion 7-year auction
Friday
Earnings: Exxon Mobil, Chevron, Merck, AB InBev, UPS, UBS, Sanofi, Xerox, CBOE Holdings, Philips 66, Cabot Oil, Barclays, Eni, Tenneco, Lexmark, CNA Financial
8:30 a.m. Q2 GDP
9:30 a.m. San Francisco Fed President John Williams
9:45 a.m. Chicago PMI
10 a.m. University of Michigan consumer sentiment
1 p.m. Dallas Fed President Rob Kaplan
*Planner subject to change.

DealBook Today's Top Headlines - January 26, 2016: Both Parties Want to Rein In Big Banks


TUESDAY, JULY 26, 2016
TODAY'S TOP HEADLINES
BY AMIE TSANG

U.S. Stock Market Future Indications - July 26, 2016, by MarketWatch: U.S. Stock Futures Waver Ahead of Fed, Key Earnings



marketwatch.com

Sara Sjolin


U.S. stock futures struggled for direction on Tuesday, with investors opting for the sidelines ahead of the closely watched Federal Reserve meeting and a deluge of earnings, including updates from McDonald’s, Verizon and Apple.

Asian Markets at Close Report on July 26, 2016, by MarketWatch: Nikkei Falls after Disappointing Report on Stimulus Plan



marketwatch.com

Kenan Machado


Tokyo shares fell sharply on concerns the Bank of Japan won’t deliver on sky-high easing expectations, on an otherwise positive trading day for the region.

Bloomberg View - July 26, 2016: Sanders Funs Were Just a Distraction

bloomberg.com

Jonathan Bernstein



The first day for the Democrats in Philadelphia couldn't have gone better -- from the podium. In the convention hall? That was a little more complicated.

The Guardian | UK | Media | Media Briefing - July 26, 2016: Today's Media Stories From The Papers