The Morning Market

Lots of news this morning. Third-quarter GDP growth was revised slightly lower to 4.1%. That’s still the best growth is 1-1/2 years. I think the market will shrug it off as the third-quarter started six months ago.
The good news is what’s happening overseas. We have multi-year highs in Britain, Germany and Japan. The Nikkei is coming close to 16000. There’s also the news from China. The Chinese government announced that its economy is really about 17% larger than it originally thought. The New York Times has more.
I think we’re heading to a positive opening. FedEx (FDX) reported very strong earnings. The Google/AOL deal is now official. Calpine finally filed for bankruptcy. Here’s a timeline of Calpine’s recent history. Nike (NKE) disappointed Wall Street was a poor earnings report.
The transit strike is in its second day. B of A said that it will impact Tiffany’s (TIF) business. Lastly, in Slate Adam L. Penenberg speculates on the end of Moore’s Law.

Posted by on December 21st, 2005 at 9:25 am


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