ES Journal Archive (2006 - 2008)
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Bush To Get Update From Working Group On Financial Mkts FriLast update: 1/2/2008 10:35:57 AMWASHINGTON (Dow Jones)--President George W. Bush is to receive an update Friday from his Working Group on Financial Markets. White House spokeswoman Dana Perino wouldn't go into specifics of the session, saying only that it will be a broad update on the economy. The working group is chaired by Treasury Secretary Henry Paulson and includes Federal Reserve Chairman Ben Bernanke, Securities and Exchange Commission Chairman Christopher Cox, and acting Commodity Futures Trading Commission head Walter Lukken. Bush also is to travel to Chicago on Monday to meet with business leaders and participate in a series of events on the economy and the anniversary of the No Child Left Behind program. Perino said he won't unveil any new policy in Chicago. Facing fears that the economy could slip into recession this year, the White House is pushing lawmakers to take steps to shield the housing sector from further erosion. White House aide Ed Gillespie told reporters Tuesday on Air Force One that the administration wants Congress to "help make the market more stable." Potential actions include currently stalled reform of the Federal Housing Administration, an increase in the size of loans government-sponsored enterprises like Fannie Mae (FNM) and Freddie Mac (FRE) can take on, and allowing states to issue more tax-exempt bonds to help struggling homeowners refinance their mortgages. The White House, looking to head off a housing-related economic slowdown, has begun a program encouraging mortgage services to freeze interest rates for homeowners who won't be able to cope with a rise in adjustable-rate loans. -By Henry J. Pulizzi, Dow Jones Newswires; 202-862-9256; henry.pulizzi@dowjones.com (END) Dow Jones NewswiresJanuary 02, 2008 10:35 ET (15:35 GMT)
1400 Dec 11 FOMC Minutes
Went short at 1459. 2 minute bars, looking for an exit around 1457.
edit: got it at 1456.75.
edit: got it at 1456.75.
Gonna go make breakfast.- Status