Jobless claims 428K vs. 420K est., 429K prior
Chicago PMI 61.1 vs. 53 est., 56.6 prior
German banks near agreement on Greek bond rollover plan. Link
Conjecture that China has been buying the euro. Link
AAPL – Apple aims to ship 12-14M iPads in Q3. Link
Today’s POMO $4-5 billion
MS – Bloomberg reports Morgan Stanley lost at least tens of millions of dollars on an interest-rate trade. Link
GS – Goldman to cut jobs. Link
Today’s POMO $2-3 billion
April Case-Shiller –3.96% y/y vs. –3.85% est. –3.61% prior
YOKU – Youku starts VOD deal with Warner Bros. Link
MSFT – Microsoft launches Office 365.
FT on the French bank proposal to roll-over Greek debt. Link
WSJ 50.2% of the assets in the 10 largest money-market funds is in European bank debt. Link
Today’s POMO $4-5 billion
Personal income m/m 0.3% vs. 0.4% est.
Consumer spending m/m 0% vs. 0% est.
Core PCE price m/m 0.3% vs. 0.2% est.
European banks near 70% Greek bond roll-over. Link
Fed to buy $25B/month to keep QE balance sheet the same. Link
Soros says Euro exit inevitable. Link
AAPL – DB wants a mid-range iPhone. Link
Today’s POMO $4-5 billion
WSJ negative on KIM and DDR
WSJ SINA wants to add more Facebook-like features Link
Sell-side GS upgrades SINA to Neutral
Sell-side MS says buy AAPL Link
AAPL – Digitimes reports sources say MacBook 2011 forecast goes to 15M vs. 13M previously. Link
CHBT – Auditor of China-Biotics quits. Link
John Paulson’s latest thoughts on the market. Link
Today’s POMO $4-5 billion
WDC STX – Digitimes reports hard-drives likely to be in short supply in Q3. Link
ERTS – EA is rumored buyer of PopCap. Link
F – Ford falls to 23rd in J.D. Powers quality survey. Link
Today’s POMO $1-1.5 billion
AAPL – Apple preparing faster iPhone for September. Link
AMZN TXN – Amazon reportedly to launch their tablets in August-September using Texas Instrument processors. Link
NVDA – Brightsideofnews says Kal-El chip is “allegedly late” Link
RIMM – RIM lowers internal sales targets for Playbook. Link
New crop of Chinese IPOs? Link
The Best Trader in the World worked for Madoff? Link
Interview with Carl Icahn. Link
47% of Wifi devices on Burger King’s network are iOS. Link
EB- PHG
Sell-side Barclays upgrades FFIV to overweight PT $125
Today’s POMO 0
SNOFF – Paulson dumps his entire Sino-Forest position. Link
Copper – China inbound copper shipments down 47% y/y. Link
Euro – Greek vote of confidence is at 5PM EST. Link
Euro – S&P reaffirmed that a voluntary debt restructuring will likely be deemed a default. Link
NYTimes on Vote of Confidence is only the first step for Greece. Link
RIMM – Would you buy this company? Link
RIMM – Desperate long gets quoted in Bloomberg article that RIMM might get bought. Link
Today’s POMO $4-5 billion
Euro – European governments fail to reach agreement on releasing next Greek bailout payment. Link
DANG – Interview with CFO of Dangdang. Link
Interview with VC Bill Gurley. Positive on Twitter, negative on Groupon. Link
Profile on Howard Marks. Link
SNOFF – The Globe and Mail investigates Sino-Forest claims in China. Link
What would happen if Greece defaulted? Link
Oil Refiners and Margins. Link
Jeff deGraaf on Trading with Fear and Arrogance. Link
Felix Investments hit the jack-pot on internet investments. Link
China short-sellers get burned by halts. Link
Today’s POMO $8-10 billion
University of Michigan consumer sentiment 71.8 vs. 74.5 est., 74.3 prior
Leading indicators 0.8% vs. 0.2% est., –0.3% prior
MCP – Prices of some rare earths went up a lot in last 2 weeks as China tightens controls again. Link
Profile on $6B “doomsday” hedge-fund manager Mark Spitznagel. Link
Mark Spitznagel old WSJ opinion editorial on the financial crisis. Link
China short-sellers bragging about their gains. Link
Euro – Germany’s Merkel backs down agrees to voluntary Greece bond holder role. Link
CSTR – Redbox rolls out its video game rental service nation-wide. Link
People’s Bank of China says 16,000 to 18,000 state and local officials stole $123 billion out of China in in the last 15 year or so years. Link
Today’s POMO $1.5-2 billion