Thursday, October 30, 2008

Thursday Economic News Roundup

Fed Buys $145.7 Billion of Commercial Paper

Government to Be Discussing Plan to Aid Homeowners

White House Wants Limit on Loan-Guarantee Plan (Update1)

Fed Adds $21 Billion to Loans for A.I.G

Fed's rate at zero? It's no longer a far-fetched idea

States Urge Immediate Fed, Treasury Aid to Automakers

American Express to cut 7,000 jobs

Hartford gets halved

GM-Chrysler Merger May Cost 74,000 Jobs)

Note: Tomorrow is a big day for economic data releases - data that may potentially wipe out some of our recent market gains.

Oct 31 08:30 Employment Cost Index
Oct 31 08:30 Personal Income Sep
Oct 31 08:30 Personal Spending Sep
Oct 31 09:45 Chicago PMI Oct
Oct 31 10:00 Mich Sentiment-Rev.

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