zensmoke Posted July 15, 2004 Report Share Posted July 15, 2004 Rumor: OPEC Ministers will cancel 7/21 meeting OPEC to Cancel Meeting, Will Raise Quotas Thu Jul 15, 2004 08:25 AM ET By Andrew Mitchell LONDON (Reuters) - OPEC oil producers were set on Thursday to cancel next week's ministerial meeting, confident they can simply implement a planned increase in supply quotas without endangering oil's price boom. "The meeting has been canceled after consensus among member states," a senior OPEC official told Reuters by telephone. OPEC's Vienna secretariat was expected to confirm the decision later on Thursday, an OPEC spokesman said. The Organization of the Petroleum Exporting Countries will enforce a planned 500,000 barrels per day (bpd) increase in formal quotas from August 1, the spokesman added. OPEC's next scheduled meeting is on September 15. http://www.reuters.com/newsArticle.jhtml?t...storyID=5679657 Link to comment Share on other sites More sharing options...
Guest Posted July 15, 2004 Report Share Posted July 15, 2004 Rumor: OPEC Ministers will cancel 7/21 meeting They're going to Disney World. Link to comment Share on other sites More sharing options...
zensmoke Posted July 15, 2004 Report Share Posted July 15, 2004 Tens of thousands of employees of German-U.S. car giant DaimlerChrysler are expected to down tools Thursday in a day of protest against management's cost-cutting plans. Germany's largest industrial labor union, IG Metall, called for a concerted day of action against what it says are unacceptable measures to cut costs at one of the country's biggest corporations. Some 600 workers at a Mercedes plant in D?sseldorf kicked off the action with an overnight demonstration by torchlight through the city streets. http://www.dw-world.de/english/0,3367,1431...,00.html?mpb=en Link to comment Share on other sites More sharing options...
Guest yobob1 Posted July 15, 2004 Report Share Posted July 15, 2004 Guess those 112,000 jobs added in June didn't last long Strong economic growth has delivered a sustained improvement in hiring in the United States, with 671,000 jobs added to the nonfarm payroll between April and June, although June's score of 112,000 new jobs was less than half the number expected. The number of unemployed on the benefit rolls after claiming an initial week of aid rose by 112,000 to 2.971 million in the week ending July 3, the latest for which figures are available. Jobs? We don't need no stinking jobs. Link to comment Share on other sites More sharing options...
Guest Posted July 15, 2004 Report Share Posted July 15, 2004 I got a new idea -- let's slam gold. Link to comment Share on other sites More sharing options...
zensmoke Posted July 15, 2004 Report Share Posted July 15, 2004 Business Inventories Up 0.4 Pct. in May Thu Jul 15, 2004 08:32 AM ET WASHINGTON (Reuters) - Inventories at U.S. businesses grew for the ninth straight month in May, the government said on Thursday in a report suggesting companies are optimistic about sales prospects. The Commerce Department said business inventories rose 0.4 percent in May to $1.220 trillion while sales at manufacturers, retailers and wholesalers advanced 0.7 percent. Wall Street economists had expected a bigger 0.6 percent climb in May stocks. April goods stocks on hand were revised upward to a 0.7 percent increase from the previously reported 0.5 percent gain. http://www.reuters.com/newsArticle.jhtml?t...storyID=5679764 Link to comment Share on other sites More sharing options...
orvack Posted July 15, 2004 Report Share Posted July 15, 2004 Will Dubya dump Dick? "It's not just that the Vice-President is unpopular. There is the added danger that between now and November, as the dissenters point out, he could get nailed on any one of the controversies he faces, thereby causing the party's prospects to plunge further. But there's the other Republican camp, the "Let's stick with Dick" faction. It argues that it would look too much like an act of desperation to dump him at this point. It would come as an admission that the Republicans were losing. Ergo, this reasoning goes, let's keep Mr. Cheney and lose anyway. The act-of-desperation noises probably would die out within a week or so. Mr. Bush could then appear at his nominating convention with a new running mate who could broaden the party's appeal to the moderates, who could well decide the election. But Mr. Bush doesn't like to fire anyone. He is likely to repeat the mistake his father made in the 1992 campaign when he was urged to dump Dan Quayle as running mate, but, instead, stuck with the guy who couldn't spell potato and thought -- or so it was said of him -- that they spoke Latin in Latin America. That Mr. Bush is capable of long stretches of denial became glaringly apparent this week as he repeated his mantra that his war in Iraq -- which has given birth to new hatreds and new terrorists -- has made the world a safer place. It was only last month that the State Department tried a similar line, putting out a press release saying acts of terror were down. Then, confronted with the real statistics -- that they were rising -- State shamefacedly had to correct its own lie. But that was then. This is now. And George W. Bush, egregiously, is sticking with the original wrong report. Just as -- for the decidedly wrong choice for the Republican ticket -- he'll stick with Dick." http://www.globeandmail.com/servlet/Articl...//?query=cheney Link to comment Share on other sites More sharing options...
Guest Posted July 15, 2004 Report Share Posted July 15, 2004 This day smells like a set-up that was planned weeks earlier. I'm likely wrong, but they release bad jobs numbers to drop the Ten Year Yield, on the same day they release lower than expected PPI, two days after Merril downgrades the Chips, one day after INTC gets pummeled, then holds steady while building cause throughout the day...then SNDK comes through with stellar earnings and if IBM does ecactly as they are told tonight...we could be all set up for a massive chip short squeeze, which if you were writing a script to force the market higher, and there were no other means to accomplish it absent a short squeeze...it would look just like this. Script says: "Slam oil, slam gold, jam chips." Can they do it? Who would stop them? Link to comment Share on other sites More sharing options...
brian4 Posted July 15, 2004 Report Share Posted July 15, 2004 Morning crew- Well we'll soon see if they got anything left-window opens at the bell for 65 minutes-Helmets on and Buckle up! Link to comment Share on other sites More sharing options...
Guest yobob1 Posted July 15, 2004 Report Share Posted July 15, 2004 Business Inventories Up 0.4 Pct. in MayThu Jul 15, 2004 08:32 AM ET WASHINGTON (Reuters) - Inventories at U.S. businesses grew for the ninth straight month in May, the government said on Thursday in a report suggesting companies are optimistic about sales prospects. The Commerce Department said business inventories rose 0.4 percent in May to $1.220 trillion while sales at manufacturers, retailers and wholesalers advanced 0.7 percent. Wall Street economists had expected a bigger 0.6 percent climb in May stocks. April goods stocks on hand were revised upward to a 0.7 percent increase from the previously reported 0.5 percent gain. http://www.reuters.com/newsArticle.jhtml?t...storyID=5679764 The fact that sales are slowing couldn't have a thing to do with rising inventories, could it? Optimisitc about sales prospects? I seriously doubt it. Quite the opposite in today's just in time environment. Link to comment Share on other sites More sharing options...
Guest Posted July 15, 2004 Report Share Posted July 15, 2004 Boing. Link to comment Share on other sites More sharing options...
brian4 Posted July 15, 2004 Report Share Posted July 15, 2004 Here is another reason why our degenerative Society will implode. The "National Post" reports that a soccer ball blasted into the stands on a missed penalty kick in the Euro Cup by David Beckham of England is being auctioned on EBAY top bid so far is $12 Million U.S.. People starve and die in poverty all over the world and some undertaxed ass hole bids $12 Million for a soccer ball! Link to comment Share on other sites More sharing options...
Drano Posted July 15, 2004 Report Share Posted July 15, 2004 A lot of those ridiculous EBAY bids are from bidders registered under fake names who disappear. Now, do I mean bids on the items, or bids on the stock? Link to comment Share on other sites More sharing options...
Ned38 Posted July 15, 2004 Report Share Posted July 15, 2004 Business Inventories Up 0.4 Pct. in MayThu Jul 15, 2004 08:32 AM ET WASHINGTON (Reuters) - Inventories at U.S. businesses grew for the ninth straight month in May, the government said on Thursday in a report suggesting companies are optimistic about sales prospects. The Commerce Department said business inventories rose 0.4 percent in May to $1.220 trillion while sales at manufacturers, retailers and wholesalers advanced 0.7 percent. Wall Street economists had expected a bigger 0.6 percent climb in May stocks. April goods stocks on hand were revised upward to a 0.7 percent increase from the previously reported 0.5 percent gain. http://www.reuters.com/newsArticle.jhtml?t...storyID=5679764 The fact that sales are slowing couldn't have a thing to do with rising inventories, could it? Optimisitc about sales prospects? I seriously doubt it. Quite the opposite in today's just in time environment. Yep Link to comment Share on other sites More sharing options...
Guest Posted July 15, 2004 Report Share Posted July 15, 2004 There is little doubt that da boyz with matrix support can jam chips for a day or two, but I seriously doubt that they can manufacture a short covering manic type rally. Those days appear to be over, IMO. Link to comment Share on other sites More sharing options...
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