Today Reuter Lisa Von Ahn News Mail
Welcome to the Reuters Before the Bell news mail.
After yesterday's pounding because of lower-than-expected existing home sales, Wall Street is facing still more data on the housing market with a measure of bravado. Stock futures are pointing up a bit even as new home sales figures are due shortly.
Also on tap are reports on durable goods orders and consumer sentiment.
The dollar is down against an index of major currencies. U.S. Treasuries are mixed.
The stock market's weakness is translating into strength for commodities. Oil prices are higher, and so is gold.
CNBC says Lehman Brothers has considered selling at least part of its Neuberger Berman asset management unit.
Fortune Brands can't be feeling particularly ... er, fortunate. The maker of bourbon, faucets and golf balls reported lower quarterly profit.
When the economy gets tough, the beleaguered get in front of their TV sets. That's one theory, at any rate, and online DVD rental company Netflix is giving it credence by announcing higher earnings and a jump in subscribers.
Until Monday,
Lisa Von Ahn
News Mail Editor
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