Monday, January 26, 2009

[1]

President Obama will reportedly directly the Environmental Protection Agency to allow California and 13 other states to set their own standards for tailpipe emissions. It’s a further blow to existing guzzlers, and possible a little victory for believers in a federal system—public policy innovations often creep up from the local and state level.

 

 

[2]

Also on Monday, we’ll get figures on existing home sales for December, and December’s leading economic indicators.

 

 

[3]

Quarterly earnings reports abound on Monday; among companies releasing theirs are Caterpillar, Halliburton, Kimberly Clark, McDonald’s, Tyson Foods, American Express, Texas Instruments, and Netflix.

 

 

[4]

Late news that Pfizer might be making an expensive play for rival pharmaceutical maker Wyeth could bring confidence to Monday markets. The proposed price tag is $68 billion—including over $22 billion in debt financing.

 

 

[5]

It’s Chinese New Year. 2009-10 will be the Year of the Ox; an animal with horns, yes, but it’s a little slower than that symbol of good market times, the bull.

 

 

Comments

  • 0 Total
  • • Pending Comments 0
  • • Login or register to post comments
Read more comments