President Bush will very shortly report on the Big Three plan.
The talk is of a planned bankruptcy but a loan seems to be the message. How the market will react is unknown, but the timing would seem to indicate that the intent is to affect the market in a positive way. Futures seem to indicate it could be a mixed day and the hope would be for a minor swing at the worst. There still is a sense that the drastic volatility has calmed a bit.
Reuters: Stock futures trim losses, autos announcement due
Stock index futures trimmed losses on Friday, and the S&P 500 futures briefly turned positive after news that President George W. Bush will make an announcement on a rescue plan for ailing automakers at 9 a.m..
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