Empire State Manufacturing survey –7.72 vs. 1.0 est., –3.76 prior
AAPL – Apple hikes 2H-2011 iPhone orders to over 56 million units +12-13% vs. prior. Link
Google will buy Motorola Mobility for $40/share in cash or $12.5 billion. Link
Germany no longer rules out euro zone bonds as a last resort. Link
Google/Motorola deal is positive for RIMM, NOK and negative for AAPL, IDCC.
Earnings: ZAGG EB+
Peter Thiel’s Clarium will make private tech investments. Link
SEC doesn’t plan on banning short-selling. Link
Key events: Merkel/Sarkozy meet tomorrow to decide next steps on the Euro-zone crisis. Today is the redemption notice day for many hedge-funds with quarterly/45 day terms.
Reuters special report on John Paulson. Link
France, Italy, Spain, and Belgium banned short-selling of financial stocks. Link
Andrew Hall’s oil trading fund is down 10% this month. Link
Michael Lewis on Germany. Link
Doubleline Market Turmoil conference call. Must listen! MP3 Link
NVDA – Nvidia took over 50% market share of discrete notebook GPUs in Q2-2011. Link
Jobless claims 395K vs. 405K estimate, 400K prior
NY Times reports Europe considers ban on short-selling. Link
Donald Trump told CNBC he bought BAC, C, INTC, PG, and CAT. Link
Many hedge-funds are blowing up this month. Link
Mutual funds continue to get massive redemptions. Link
Reuters reports one bank in Asia has cut credit lines to major French lenders. Link
Sony will release Bin Laden raid movie 1 month before the 2012 Presidential election. Link
Digitimes sources expect Acer to continue to reduce PC notebook orders in August. Link
Earnings: CSCO small beat & raise. SODA beat, but didn’t raise full year guidance.
Note: Be careful. In this market the macro market movements may overwhelm any company specific earnings news.