Market –0.21%. Obama-care gets upheld by the Supreme Court.
Nike futures orders 7% vs. 14.2% estimate. Gross margins 42.8% (-150bps) vs. 44.3% estimate. China weakest geography +2% ex-FX vs. 15.4% estimate. Analyst asked why is China slowing question with a long list of possible drivers. Management replied "all of the above."
-Jobless claims 386K vs. 385K est., prior 392K from 387K
-Kansas City Fed manufacturing index 3 vs. 4 est., prior 9
-Notebook maker, Pegatron, turns conservative on Q3-12 with –10% vs. last year’s 10-20% growth Link
-Hard-drive supplier, Hutchinson Technology, pre-announces negatively with 100M suspension assemblies shipped vs. 105-115M guidance Link
-Barclays fined for falsifying LIBOR submissions Link
-Amazon to ship new Kindle Fire in August Link
-ValueX Vail conference idea presentations Link