Daily Archives: February 9, 2009

$9.7 Trillion Spending, Nissan cuts 20,000 jobs, Recession Immobility, Reinhardt Prediction

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($9.7 trillion) U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes
-enough to pay off 90% of America’s mortages
-$1,430 check to every citizen
-in the last two years, The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have spent or lent out $3 trillion
-going to spend another $5.7 trillion

http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aGq2B3XeGKok

KV Pharma to cut 700 jobs
-As of Mar. 31, 2008, it employed 1,590 employees

http://www.reuters.com/article/marketsNews/idUSBNG23547320090209

Whirlpool Quarterly Profit Falls 76%
-Quarterly sales fell 19 percent

http://www.cnbc.com/id/29096179

McDonald’s Same-Store Sales Up 7.1% in January
-not a surprise, people are on a budget

http://www.cnbc.com/id/29097609

Nissan to Cut 20,000 Jobs as Carmaker Forecasts Loss
-Japans third- largest automaker
-net loss of 265 billion for fiscal year ending on March 31

http://www.bloomberg.com/apps/news?pid=20601087&sid=ap1lHrCt4.Ws&refer=home

GM, Chrysler May Be Put Into Bankruptcy to Protect U.S. Loans
-Citigroup Inc., JPMorgan Chase & Co. and Goldman are top pripority creditors
(They’ll get their money first)
-Federal gov. is trying to move to the top of the list
-may force GM and Chrysler into bankruptcy to get what they want.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ad_m06A_gtLk&refer=home

Recession limits Americans’ ability to find work by moving
-people can’t sell their homes
-people can’t find jobs in other states
*difficult for me to leave Michigan

http://www.usatoday.com/news/nation/2009-02-08-recession-unemployment-relocation_N.htm

Swiss banks to announce massive losses: report
Two of Switzerland’s largest banks, UBS and Credit Suisse will anounce that combined losses for 2008 will be 29 billion Swiss francs

http://www.breitbart.com/article.php?id=CNG.2e4e127b6b7d600dc3fa28f04b21cb9d.1b1&show_article=1

Author: DEMCAD
Keywords: spending bailout trillion debt waste Swiss banks moving Whirlpool The Federal Reserve Treasury Department Deposit Insurance Corporation Economy unemployment underemployment Layoffs government California Furloughs closing Obama Job Loss Depression Recession economic collapse Flint Michigan Ketchikan Alaska bubba008009 george4title FeverIAm UROUTofTIME visionvictory manoftruth supafaith AirelonTrading davincij15 aravoth TLHMax SafeArmsReview Gerald Celente GeraldCelenteChannel thefordshowcom
Added: February 9, 2009

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S&P Feb 09, 2009 8:27 cst – TradersAudio.com

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Ben calls the Monday SP open.

Ben Lichtenstein has appeared on CNBC and Bloomberg TV, has shared his expertise on Bloomberg radio, and has been published in numerous periodicals including Futures magazine and Stocks & Commodities. He is a member of the Chicago Mercantile Exchange with over 15 years of experience working on the trading floor.

Join us at The Chicago Trade Experience http://www.tradersaudio.com/ctexperience.html

For a free trial to TradersAudio.com:

TELEPHONE:
please call before 10:15 cst 312-715-6014
mention YouTube when calling

E-MAIL:
Coli@TradersAudio.com
mention YouTube when e-mailing

Contact Ben directly; benl@tradersaudio.com

TradersAudio.com broadcasts LIVE, via the internet, from the Chicago Mercantile Exchange S&P 500 Futures trading floor 8:30 – 15:15 cst and the Chicago Board of Trade Treasury trading floor 7:20 – 14:00 cst – Monday through Friday, for holiday schedule click here http://www.cmegroup.com/tools-information/holiday-calendar/index.html

TradersAudio.com subscribers are individual stock, futures and bond traders, fund managers, stock and futures brokers, futures analysts and corporate institutions in countries around the world.

Free DAILY Equity Futures Support and Resistance Numbers (updated by 8:00 cst) http://www.TradersAudio.com/daily/index.php?page=support-and-resistance-numbers

For glossary of terms used http://www.TradersAudio.com/daily/index.php?page=glossary-of-terms

Listen to FAQ’s (MP3 format) from TradersAudio.com subscribers http://www.tradersaudio.com/faq.html

The broadcasters may call the S&P e-mini ES Globex contract, ‘minis’, ‘the mini’ or ‘the screen’. Also, they may call the S&P CME SP Pit Traded contract, ‘the big contract’ or ‘the S&P’. The broadcasters are calling the trades within a few feet of the S&P CME SP trading pit and are referring to the S&P CME SP contract.

You are hearing the broadcasters quote the current bid and offer of the S&P CME SP pit traded contract – quickly. When they say ’0 even bid at one half’, that could mean 1280.00 is the bid and 1280.50 is the offer. But could also mean, 1290.00 is the bid and 1290.50 is the offer. They are broadcasting tick for tick and must quote the figures to stay with the pit action. When the pit is packed and active they may just say, ’0 at half’ or ’20 bid at 70′. It is easy to follow along when looking at the ES chart and trades.

The prices you SEE in the video are the S&P e-mini (electronic symbol ES) Globex Mar 2009 contract. The prices you HEAR are the S&P CME (pit traded symbol SP) Pit Traded Mar 2009 contract. The two contracts trade within a tick or two of each other, during pit traded hours 8:30 – 15:15 cst.

The pit traders are trading the SP and may trade the ES also. When they do, the broadcasters may say ‘they’re trading the mini’ or ‘they just sold/bought the mini’.

Click here for more information: http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_FO.html

The subscribers of TradersAudio.com are listening to the SP contract trading Live in Chicago while watching the ES, another futures contract or stock on their computer.

*This is not trading advice. These videos are for informational, educational and entertainment purposes only. Full product information on the S&P 500 Futures is available at the CME website http://www.cmegroup.com – We are not a brokerage firm, we do not take trading orders, do not execute trades or manage customer accounts. The Squawk Box is not trading advice and provided for informational purposes only. No claims or representations of profitability are being made herein.

Author: tradersaudio
Keywords: cnbc bloomberg informedtrades traders audio ES YM futures analysts stock market day trading emini squawk SnP s&p commodities charts finance money
Added: February 9, 2009

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