Market Mover Wednesday: Weekly jobless claims, personal income/spending and durable goods…
Update: Weekly claims dropped to 466,000, continued claims 5.423 million
Oct personal income up 0.2%, personal spending up 0.7%
Durable Goods down 0.6%
Gold just hit another record $1181 an oz
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Another heavy day for data with light volume expected…
CNBC:…Weekly jobless claims are expected at 8:30 a.m., along with October durable goods, personal income, and consumer spending. Consumer sentiment is released at 9:55 a.m. and new home sales are released at 10 a.m. Jobless claims could be below 500,000 for the first time in months.
Stocks finished slightly lower Tuesday, after shaking off a triple digit Dow loss. The Dow was down 17 at 10,433, and the S&P 500 was down less than a point at 1106. The worst performers were the financials…
Twofer Tuesday: “The Princess Bride” plus Kewl Holiday Tees @ ThinkGeek.com
We have no relationship to ThinkGeek.com, but we wish we did, we have a really long list of tees we love!
PGA honors Joss Whedon with the Vanguard Award
See ThinkGeek.com for merchandise! http://www.thinkgeek.com/
I cannot wait to see ‘Cabin in the Woods’. Our previous posts on Joss, Dr Horrible, Cabin in the Woods, Firefly (and the dreaded, sometimes great, mostly crxpulent, Dollhouse) here.
I want to see what Joss created when he was let loose on classic horror!
The Producers Guild of America has selected Joss Whedon as the recipient of its Vanguard Award, which recognizes achievements in new media and technology.The kudo will be presented at the 21st Annual PGA Awards ceremony on Jan. 24 at the Hollywood Palladium.
Whedon is a producer, writer, director, and creator for TV series “Buffy the Vampire Slayer,” “Angel,” “Firefly,” and “Dollhouse” with film scripts including “Buffy the Vampire Slayer,” “Toy Story,” “Alien Resurrection” and “Titan A.E.” He’s penned the comic book series “Fray” and created and produced Internet series “Dr. Horrible’s Sing-Along-Blog.”
“The Cabin in the Woods,” a feature he co-wrote with Drew Goddard, is currently in post-production and will be released in 2011 by MGM.
…”Joss Whedon has mastered the art of melding the newest technology with inspired storytelling, truly exemplifying the spirit of the Vanguard Award,” said David Friendly and Laurence Mark, co-chairs of the PGA Awards.
‘The Wolfman’ – A Look Inside Featurette
Our previous posts on the new Wolfman here
Courtesy of HollywoodStreams
FTI Holiday Retail Sales Forecast : a drop of 1-2%
Market Mover Tuesday: 3Q GDP revision, Case Shiller Home Price Index, Consumer Confidence, FDIC bank update & Fed Meeting Minutes
Update: Here we go, 3Q GDP first revision is 2.8% (from original read of 3.5%) Consumer spending revised down to 2.9 from 3.4, final sales up 1.9 vs 2.5..When you strip out govt spending looks like this GDP would have been negative…
Heavy day for data:
…Tuesday’s calendar is heavy on news about housing and the consumer, plus there is the revision to third quarter GDP. The Fed’s Nov. 4 meeting minutes are released at 2 p.m. and the FDIC gives an update on banks and bank earnings. There is an auction of $42 billion in 5-year notes at 1 p.m.
Fed minutes are being watched carefully both for an economic update and any inkling of what Fed policy makers are thinking about what could trigger a move in rates. The Fed’s last statement signaled the market that there are no changes coming from the Fed any time soon, which is conducive to the risk rally.
The S&P/Case Shiller home price survey is released at 9 a.m. while consumer confidence is reported at 10 a.m. GDP is released at 8:30 a.m.Economists expect to see GDP revised to show growth of 2.8 percent, down from the initial reading of 3.5 percent. LaVorgna’s estimate is for 3 percent. “I’ve got a downward revision, largely on the back of softer construction spending and a wider trade deficit,” said LaVorgna. He said one wild card that could add to the number is capital spending, which was surprisingly weak in the first report.
“The other thing you want to look for is we get the first read of economy wide corporate profits. In the first half of the year, corporate profits grew at a nearly 20 percent annualized rate. I think you’re going to see a pretty good corporate profit number based on the fact that nominal GDP went positive,” he said.
Traders are split about how long the tightly linked risk trade will work. Steve Massocca, managing director at Wedbush Securities, said Monday that he’s hedging his bet and is beginning to short assets that benefit from the trade.
Sounds like the love affair the markets are having with the weak dollar is winding down (Thank Gawd)…
“The dollar is getting close to 2008 lows, and it could start to become bad news, and you have to prepare for it,” he said. “We haven’t taken the plunge yet but we’re starting to nibble on the idea that the dollar going down is no longer going to create levity.”...
Horror YARM: “The Howling:Reborn”
I remember Dee Wallace Stone’s little furry upturned nose at the end of the original. Wonder how Andrea Mitchell would look turning into a werewolf? She has the personality for it, lol. This YARM is set for release next Halloween.
Indie producers Joel Kastelberg and Moonstone Entertainment’s Etchie Stroh are re-launching the werewolf franchise as “The Howling: Reborn.” Former studio marketing exec Joe Nimziki, who worked at New Line, MGM and Sony, will make his feature directorial debut from his own script.
Pic’s due to start shooting in February for a Halloween release, with plot details under wraps.
The original “Howling,” directed by Joe Dante from a script by John Sayles, was released in 1981 and spawned six sequels. Dee Wallace-Stone starred as a news anchor stalked by a serial killer who turns out to be a werewolf.
Steve Lane and Bob Pringle, who served as exec producers on the original, will also exec produce “The Howling: Reborn.”…
*Original Howling trailer courtesy of smattbq1973
ginaswo
