tag:blogger.com,1999:blog-6522051977307158657.post7138375222717328530..comments2023-10-15T08:59:24.237-03:00Comments on Elucubrações Grafistas™: Barômetro FinanceiroAnonymoushttp://www.blogger.com/profile/08570801997867681116noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6522051977307158657.post-60128258997959367152007-08-31T09:38:00.000-03:002007-08-31T09:38:00.000-03:00"Rescue me," Wall Street is begging the government..."Rescue me," Wall Street is begging the government, and it's likely to get some sort of response today from President Bush and Fed chief Ben Bernanke. Both officials are addressing housing and the subprime mess on this last business day of summer, and stock futures are pointing up. <BR/><BR/>Bernanke is speaking soon after the market opens. Investors are hoping to get some idea of whether the central bank plans to cut interest rates. But the speech is coming after a flood of economic data, including the core personal consumption expenditures index, one of the Fed's favorite inflation gauges. <BR/><BR/>Also on tap are reports on Midwest business activity, U.S. factory orders and consumer sentiment. <BR/><BR/>This afternoon, Bush will propose legislation aimed at giving the Federal Housing Administration the flexibility to help subprime mortgage borrowers. <BR/><BR/>All this is drawing investors out of safe havens like U.S. Treasuries and into riskier assets. And in forex, higher-yielding currencies like the dollar and euro are gaining ground against the yen. <BR/><BR/>Oil prices are up as an Atlantic storm gathers strength. Planned refinery maintenance in the Midwest is also lending support. <BR/><BR/>Lone Star Funds, which has been trying to get out of its purchase of Accredited Home Lenders, now says it's willing to buy the subprime mortgage company for a lower price. <BR/><BR/>In other subprime fallout, credit-rating agency Standard & Poor's has replaced its president. <BR/><BR/>Hollywood is anything but starstruck over Tyco International's ADT Security Services unit. Former Paramount Pictures chief Sherry Lansing and her director husband, William Friedkin, have sued the alarm company, claiming its slow response times have caused burglars to target their neighborhood. The LAPD disagrees, according to ADT. <BR/><BR/>Until Tuesday, <BR/><BR/>Lisa Von Ahn <BR/>Reuters EditorAnonymoushttps://www.blogger.com/profile/08570801997867681116noreply@blogger.com