LCD TV sales still weak. Link
”The economies in Europe and US continue to struggle in their recoveries causing the consumption of TVs to be weak…The price of TVs has been falling rapidly with gross margins getting smaller, said industry sources”
Italian and Spanish debt yields rise. Link
Case-Shiller Housing Composite 20 May -4.51% y/y vs. -4.50% est., -3.96% prior
Soros returns outsider investor money. Link
Consumer confidence 59.5 vs. 57 est, 58.5 prior
New home sales 312K vs. 321K est, 319K prior
PIMCO on the potential of QE3 using the 2 year Treasury. Link
Goldman COO graduation speech. Link
Spotify playlists of the rich and famous. Link
AMTD ETFC – TDAmeritrade considering a take-out of E*Trade. Link
NFLX DWA – Dreamworks in talks with Netflix about exclusive streaming rights. Link
Spotify has about 70,000 paid subs after 1 week in the U.S. Link
HFTs using machines to trade news feeds. Link
MU SNDK – Flash and DRAM memory prices continue to fall. Link
S&P latest press release on the debt ceiling. Link
Fitch says role of private sector in the Greek bailout plan would constitute a “restrictive default”
Euro zone 440B euro fund will now be able to buy bonds on the secondary market and lend directly to countries/banks
July Munich Ifo Institute German business confidence 112.9 vs. 114.5 in June
John Paulson calls BAC a disappointment. He is shorting the euro. Link
ISDA says EU’s aid package shouldn’t trigger Greece CDS. Link
AAPL NFLX – Apple considering a Hulu bid. Link
Greece private creditors agree to 21% loss on their bond holdings. Link
CAT in FT – Mr Oberhelman added that China, a significant end market for the company, was doing “a good job of balancing growth and inflation, and our expectations for China remain positive,” despite a softening of growth during the quarter.
Jobless claims 418K vs. 415K est., 405K prior
Interview with Frank Quattrone. Link
Draft of the EU Greece proposal document. Link
John Paulson is short the euro and lowering net exposure. He is also going to get redemptions in August. Link
EU considering enabling the $626B rescue fund to lend to banks. Link
Housing starts 629K vs. 575K est, 560K prior
German ZEW Economic Sentiment –15.1 vs. –11.8 est.
EU considering French plan of taxing banks to pay for Greece bailout. Link
Soros fund 75% in cash as they hit –6% YTD. Link
The difference between 5 and 7 hours of sleep. Link
Merkel dampens expectations for Thursday’s EU meeting. Link
ECB didn’t buy bonds last week. Link
Interview with Carson Block, founder of Muddy Waters. Link
BAC – Needs to build $50B capital cushion. Link
Interview with Twitter co-founder Biz Stone. Link
New Yorker article on Ray Dalio. Link
AAPL – Apple testing iPad 3 Retina like displays. Link
Latest update on the euro-zone crisis. Link
Washington Post on Obama’s frantic campaign to protect our AAA rating. Link
NFLX – Report the company will enter UK and Spain in Q1-2012. Link
University of Michigan consumer sentiment 63.8 vs. 71 est., 71.5 prior
European Banking Authority 2011 EU-Wide Stress Test Link Link2
Corporate America will miss Munger. Link
Jobless claims 405K vs. 405K est., 418K prior
PPI –0.4% vs. –0.3% est. m/m, ex food energy 0.3% vs. 0.2% est.
Europe PC sales not good. Link
MU – DRAM prices down another 7% in 1H July. Link
Latest update on the debt ceiling talks. Link
Software AG, Germany’s second large enterprise software company, misses sales estimates 256M-258M vs. 280M est. Link
Awesome interview with Chris Sacca. Must watch. Link