Thursday, June 6, 2013

Morning Journal--Details of Abe's speech

 News on Stocks in Our Portfolios
 
Brown-Forman (BF.B) (BF.A):
 FQ4 EPS of $0.52 beats by $0.06. Revenue of $866M beats by $4.3M


Economics

   This Week’s Data

            First quarter productivity was revised to +0.5% from an expected +0.7%; unit labor costs were off 4.4% versus estimates of +0.5%, however, the prior report was revised from +0.5% to +11.8%.

            April factory orders rose 1.0% versus forecasts of +1.4%.

            The May Institute for Supply Management’s nonmanufacturing index came in at 53.7 versus an anticipated 53.8

            The latest Fed Beige Book reported pointed to a modest (versus moderate in the prior report) economic recovery and singled out real estate as a sector gaining strength (short):

            Weekly jobless claims fell 11,000 versus forecasts of a 9,000 decline.

   Other

            ***over night, the ECB left EU interest rates unchanged.

Politics

  Domestic

  International

            Thursday morning humor (6 minute video):

            The GOP is just as guilty as Obama regarding our Middle East ‘policy’ (medium):

                Details of Abe’s Tuesday speech on growth  (medium):

                More:

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