Commodity prices are mixed. Jun crude oil (CLM15 -0.20%) is down -0.23%. Jun gasoline (RBM15 -0.72%) is down -0.80%%. Metals prices are mixed. Jun gold (GCM15 -0.25%) is down -0.20%. Jul copper (HGN15 +0.54%) is up +0.47% at a 1-1/4 month high after China's manufacturing activity last month expanded more than forecast. Agriculture prices are mixed.
The dollar index (DXY00 +0.05%) is up +0.08%. EUR/USD (^EURUSD) is up +0.39% at a fresh 2-month high as Greek default concerns recede after the Greek 10-year bond yield fell to a 1-1/2 month low. USD/JPY (^USDJPY) is up +0.36%.
Jun T-note prices (ZNM15 -0.23%) are down -7 ticks.
People with knowledge of the matter said that Greek Prime Minister Tsipras told his cabinet late Thursday that he's confident a deal to unlock bailout funds is close as the Greek government steps up talks with its creditors in a bid to reach a preliminary deal by this Sunday, May 3.
The China Apr manufacturing PMI was unchanged at 50.1, stronger than expectations of -0.1 to 50.0.
There are 15 of the S&P 500 companies that report earnings today with notable reports including: Berkshire Hathaway (consensus $2373), Chevron (0.79), Duke Energy (1.14), Weyerhaeuser (0.25), CVS (1.08), Aon (1.28).
U.S. IPO's scheduled to price today include: MYOB Group (MYO), OpGen (OPGN), Good Times Restaurants (GTIM). IPOs that are scheduled to trade today include: Black Stone Minerals (BSM).
Equity conferences during the remainder of this week include: none.
Leggett & Platt (LEG -1.76%) reported Q1 EPS of 50 cents, above consensus of 46 cents.
Enbridge Energy (EEP -2.21%) reported Q1 EPS of 26 cents, higher than consensus of 22 cents.
YRC Worldwide (YRCW -2.07%) reported a Q1 EPS loss of -70 cents, a bigger loss than consensus of -49 cents.
Baidu (BIDU -8.55%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Fluor (FLR -1.36%) reported Q1 EPS of 96 cents, below consensus of 98 cents.
Bloomberg reported that Monsanto (MON -0.90%) approached Syngenta (SYT -3.36%) regarding a takeover.
AIG (AIG -0.64%) reported Q1 EPS of $1.22, higher than consensus of $1.19.
Reuters reports that Intel talked about offering $58 per share for Altera (ALTR +2.36%) .
Expedia (EXPE -2.11%) climbed over 6% in after-hours trading after it unexpectedly reported a Q1 adjusted EPS loss of -3 cents, below consensus of a 9 cent profit, although Q1 revenue of $1.37 billion was above consensus of $1.35 billion.
Fortune Brands (FBHS -2.73%) reported Q1 EPS ex-items of 28 cents, weaker than consensus of 32 cents.
Visa (V -1.92%) reported Q2 EPS of 63 cents, above consensus of 62 cents.
Western Union (WU -0.54%) reported Q1 EPS of 39 cents, better than consensus of 38 cents.
Century Aluminum (CENX -1.60%) reported Q1 EPS of 76 cents, higher than consensus of 63 cents.
LinkedIn (LNKD -1.95%) plunged over 20% in after-hours trading after it reported Q1 EPS of 57 cents, better than consensus of 56 cents, but then lowered guidance on fiscal 2015 EPS to $1.90, well below consensus of $3.03.
Columbia Sportswear (COLM -1.55%) reported Q1 EPS of 37 cents, above consensus of 36 cents.
Gilead (GILD -1.77%) is up over 2% in pre-market trading after it reported Q1 adjusted EPS of $2.94, well above consensus of $2.32.
Jun 10-year T-notes (ZNM15 -0.23%) this morning are down -7 ticks. Thursday's closes: TYM5 -4.50, FVM5 -3.25. Jun 10-year T-notes on Thursday fell to a 1-1/2 month low and closed mildly lower on the sharp -34,000 decline in initial unemployment claims to a new 15-year low. There was also negative carry-over from the decline in German bund prices to a 1-1/2 month low.
The dollar index (DXY00 +0.05%) this morning is up +0.071 (+0.08%). EUR/USD (^EURUSD) is up +0.0044 (+0.39%) at a 2-moth high. USD/JPY (^USDJPY) is up +0.43 (+0.39%). Dollar Index -0.609 (-0.64%), EUR/USD +0.00955 (+0.86%), USD/JPY +0.355 (+0.30%). The dollar index on Thursday fell to a 2-month low and closed with a fairly sharp loss as concern continues about the weak U.S. economic data and a delayed Fed tightening. Meanwhile, there was strength in EUR/USD on signs that Eurozone deflation risks are easing a bit after the Eurozone Apr CPI was unch y/y and ended four straight months of declines.
Jun WTI crude oil (CLM15 -0.20%) this morning is down -14 cents (-0.23%) and Jun gasoline (RBM15 -0.72%) is down -0.0163 (-0.80%). Thursday's closes: CLM5 +1.05 (+1.79%), RBM5 +0.0355 (+1.76%). Jun crude oil on Thursday posted a new 4-1/2 month high on carry-over support from Wednesday's news that Cushing oil inventories fell by -514,000 bbls, the first decline in 21 weeks.
|US||0945 ET||Final-Apr Markit manufacturing PMI expected no change at 54.2, prelim-Apr -1.5 to 54.2.|
|1000 ET||Mar construction spending expected +0.5% m/m, Feb -0.1% m/m.|
|1000 ET||Apr ISM manufacturing index expected +0.5 to 52.0, Mar 51.5. Apr ISM new orders, Mar 51.8. Apr ISM employment, Mar 50.0. Apr ISM prices paid expected +3.0 to 42.0, Mar 39.0.|
|1000 ET||Final-Apr U.S. consumer sentiment index (University of Michigan) expected +0.1 to 96.0, previous +2.9 to 95.9.|
|1545 ET||San Francisco Fed President John Williams speaks at a Chapman University conference on financial markets and monetary policy.|
|n/a||Apr total vehicle sales expected 16.90 million, Mar 17.05 million. Apr domestic vehicle sales expected 13.40 million, Mar 13.35 million.|
|JPN||0100 ET||Japan Apr vehicle sales, Mar -13.1% y/y.|
|UK||0430 ET||UK Mar net consumer credit expected +0.8 billion pounds, Feb +0.7 billion pounds.|
|0430 ET||UK Mar mortgage approvals expected 62,500, Feb 61,800.|
|0430 ET||UK Mar M4 money supply, Feb -0.2% m/m and -3.2% y/y.|
|0430 ET||UK Apr Markit manufacturing PMI expected +0.2 to 54.6, Mar 54.4.|
|GER||n/a||German markets closed for Labor Day.|
|EUR||n/a||Eurozone markets closed for Labor Day.|
|Aon PLC||AON US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.284|
|CVS Health Corp||CVS US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.078|
|Newell Rubbermaid Inc||NWL US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.341|
|Pinnacle West Capital Corp||PNW US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.18|
|Weyerhaeuser Co||WY US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.249|
|FirstEnergy Corp||FE US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.52|
|Moody's Corp||MCO US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.027|
|Duke Energy Corp||DUK US||7:00||Q1 2015 Earnings Release||Q1 2015||1.138|
|Legg Mason Inc||LM US||7:00||Q4 2015 Earnings Release||Q4 2015||0.677|
|VF Corp||VFC US||7:00||Q1 2015 Earnings Release||Q1 2015||0.672|
|Public Service Enterprise Group Inc||PEG US||7:30||Q1 2015 Earnings Release||Q1 2015||0.952|
|American International Group Inc||AIG US||8:00||Q1 2015 Earnings Call||Q1 2015|
|Boston Scientific Corp||BSX US||8:00||Investor Day||Y 2015|
|Legg Mason Inc||LM US||8:00||Q4 2015 Earnings Call||Q4 2015|
|Eastman Chemical Co||EMN US||8:00||Q1 2015 Earnings Call||Q1 2015|
|Aon PLC||AON US||8:30||Q1 2015 Earnings Call||Q1 2015|
|Chevron Corp||CVX US||8:30||Q1 2015 Earnings Release||Q1 2015||0.793|
|Clorox Co/The||CLX US||8:30||Q3 2015 Earnings Release||Q3 2015||1.094|
|CVS Health Corp||CVS US||8:30||Q1 2015 Earnings Call||Q1 2015|
|Newell Rubbermaid Inc||NWL US||8:30||Q1 2015 Earnings Call||Q1 2015|
|VF Corp||VFC US||8:30||Q1 2015 Earnings Call||Q1 2015|
|Leggett & Platt Inc||LEG US||9:00||Q1 2015 Earnings Call||Q1 2015|
|Yum! Brands Inc||YUM US||9:00||Annual General Meeting||Y 2015|
|FirstEnergy Corp||FE US||9:00||Q1 2015 Earnings Call||Q1 2015|
|Ford Motor Co||F US||9:15||April 2015 Sales and Revenue Release||2015|
|Alcoa Inc||AA US||9:30||Annual General Meeting||Y 2015|
|Equifax Inc||EFX US||9:30||Annual General Meeting|
|Duke Energy Corp||DUK US||10:00||Q1 2015 Earnings Call||Q1 2015|
|Ford Motor Co||F US||10:00||April 2015 Sales and Revenue Call||2015|
|Ryder System Inc||R US||10:00||Annual General Meeting|
|Weyerhaeuser Co||WY US||10:00||Q1 2015 Earnings Call||Q1 2015|
|Zoetis Inc||ZTS US||10:00||Annual General Meeting|
|Chevron Corp||CVX US||11:00||Q1 2015 Earnings Call||Q1 2015|
|Public Service Enterprise Group Inc||PEG US||11:00||Q1 2015 Earnings Call||Q1 2015|
|Flowserve Corp||FLS US||11:00||Q1 2015 Earnings Call||Q1 2015|
|eBay Inc||EBAY US||11:00||Annual General Meeting||Y 2015|
|Occidental Petroleum Corp||OXY US||11:30||Annual General Meeting|
|Moody's Corp||MCO US||11:30||Q1 2015 Earnings Call||Q1 2015|
|Pinnacle West Capital Corp||PNW US||12:00||Q1 2015 Earnings Call||Q1 2015|
|Public Storage||PSA US||12:00||Q1 2015 Earnings Call||Q1 2015|
|Apartment Investment & Management Co||AIV US||13:00||Q1 2015 Earnings Call||Q1 2015|
|Clorox Co/The||CLX US||13:30||Q3 2015 Earnings Call||Q3 2015|
|Berkshire Hathaway Inc||BRK/A US||Q1 2015 Earnings Release||Q1 2015||2372.75|
|Walt Disney Co/The||DIS US||U.S. Box Office Release of Movie Avengers: Age of Ultron""|
|Integrys Energy Group Inc||TEG US||Q1 2015 Earnings Release||Q1 2015||1.82|
|Allegheny Technologies Inc||ATI US||Annual General Meeting|