FA Notes September 2, 2011
Nonfarm Payrolls 0 vs. 60K est., 117K prior
Private Payrolls 17K vs. 75K est., 154K prior
Unemployment rate 9.1% vs. 9.1% est., 9.1% prior
Average hourly earnings –0.1% vs. 0.2% est., 0.4% prior
Average workweek 34.2 vs. 34.3 est., 34.3 prior
BAC – Fed asks Bank of America for contingency plans if things get worse. Link
BAC JPM GS DB – U.S. government is about to sue a dozen big banks over mortgage security losses at Fannie and Freddie. Link
NFLX LSTZA – Starz ends streaming negotiation renewal with Netflix. Link
LA Times reports Netflix offered over $300 million a year. Link
Why QE 3.0 would be a total disaster. Link
August hedge-fund performance: SAC –3%, Third Point –3%, Greenlight –1.4%, Tilson –13.7%, Renaissance Institutional Equities +5.4%, Citadel +1% Link
Regulators want HFT algo computer code. Link
TSM – TSM retracts their 20% revenue guidance for the year. Link