Morning Edition
Today's Markets
In Asia, Japan -2.2% to 8640. Hong Kong +1.9% to 19734. China +1.4% to 2504. India -0.1% to 17465.
In Europe, at midday, London -0.4%. Paris +0.3%. Frankfurt +0.8%.
Futures at 7:00: Dow +0.1%. S&P +0.3%. Nasdaq +0.15%. Crude +0.1% to $92.29. Gold +1.2% to $1732.90.
Economic calendar
7:00 MBA Mortgage Applications
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
In Asia, Japan -2.2% to 8640. Hong Kong +1.9% to 19734. China +1.4% to 2504. India -0.1% to 17465.
In Europe, at midday, London -0.4%. Paris +0.3%. Frankfurt +0.8%.
Futures at 7:00: Dow +0.1%. S&P +0.3%. Nasdaq +0.15%. Crude +0.1% to $92.29. Gold +1.2% to $1732.90.
Economic calendar
7:00 MBA Mortgage Applications
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
9:00 Treasury Quarterly Refunding
10:30 EIA Petroleum Inventories
12:30 FOMC Announcement
Earnings
Becton, Dickinson, Time Warner, Marsh & McLennan, Cognizant Technology, EOG Resources, MasterCard, Comcast, Clorox, Devon Energy, Edison International, El Paso, Murphy Oil, Kraft, News Corp., QUALCOMM, CenturyLink, Hartford Financial Services, Prudential Financial and Whole Foods Market
Morning stories
MF Global Holdings Ltd. (MF)ís bankruptcy, the eighth-largest in U.S. history, is exposing a lack of internal controls that may have prevented a last-minute rescue of Jon Corzineís futures broker.
Lack of MF Global Controls Exposed by Missing Money From Bloomberg
CME Group Inc. (CME) on Tuesday moved to ease barriers preventing MF Global Holdings Ltd. (MF) clients from trading, with an emergency rule that will allow some to find a new clearer and resume trading.
CME Frees Up Some MF Global Clients To Transfer To New Clearer
From Dow Jones
The fallout from MF Global Holdings Ltd.'s collapse intensified as the Commodity Futures Trading Commission voted to issue subpoenas to the securities firm and the Federal Bureau of Investigation planned to examine whether client funds are missing, according to people familiar with the situation.
The fallout from MF Global Holdings Ltd.'s collapse intensified as the Commodity Futures Trading Commission voted to issue subpoenas to the securities firm and the Federal Bureau of Investigation planned to examine whether client funds are missing, according to people familiar with the situation.
MF Global's Collapse Draws FBI Interest From Wall Street Journal
How are the regulators going to explain this one? MF Global, the failed firm whose Chairman and CEO is Jon Corzine, has already destroyed the wealth of its investors and roiled the banking world. But now we are learning that it may have lost customer funds as well.
Where Was the CFTC? From Wall Street Journal
Gov. Pat Quinn and Illinois' four legislative leaders met today to talk about what might happen in the remainder of the Legislature's veto session next week. It doesn't sound like they got much done.
Quinn raises ante for CME-CBOE tax break From Crains
How are the regulators going to explain this one? MF Global, the failed firm whose Chairman and CEO is Jon Corzine, has already destroyed the wealth of its investors and roiled the banking world. But now we are learning that it may have lost customer funds as well.
Where Was the CFTC? From Wall Street Journal
Gov. Pat Quinn and Illinois' four legislative leaders met today to talk about what might happen in the remainder of the Legislature's veto session next week. It doesn't sound like they got much done.
Quinn raises ante for CME-CBOE tax break From Crains
The outlines of a new, smaller Wall Street came into view Tuesday, with firms from Japan to Switzerland announcing sharp cutbacks a day after commodities broker MF Global Holdings Ltd. filed for Chapter 11 bankruptcy protection.
Banks Spell Out Deep Cost Cuts From Wall Street Journal
When is a bailout not a bailout? When the bailor is short of funds. The recently announced debt plan in the European Union comes up short in almost all respects.
Why We Can't Escape the Eurocrisis From Wall Street Journal
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