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Thursday, July 30, 2009

The Market On Thursday

This morning at 7:45 a.m., futures are up, slightly.

We are into the center of the quarterly report season with Exxon Mobil, Kellogg, and Motorola reporting today.

Data on unemployment will be released today and the projected numbers continue to be severe and harsh. This erosion in employment and all of its accompanying personal and societal strain are the real epicenter of the recession.

Reuters: Stock index futures point to higher open
The U.S. Government officially takes a 30 percent equity stake in Citigroup on Thursday, becoming the bank's biggest shareholder in connection with the February bailout.

Jobless numbers, due at 1230 GMT, are expected to have risen to 570,000 from 554,000 the previous week.

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