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To: quasi-geezer who wrote (15514)	9/11/2001 9:32:54 AM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

CME Equity Future Trade Suspended Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 9:31 (Dow Jones) The CME just announced that equity futures trading on Globex and regular session will be suspended until further notice. The opening of both Nasdaq and S&P futures will be delayed "pending open of the NYSE." The expected open as of now is 10 a.m. ET, the CME said. (ZHS) 9:27 (Dow Jones) Uncertainty swirls over whether Nymex will open for regular trading following explosion at the top of the nearby World Trade Center. Traders seem to have evacuated the building. Nearby Nymex crude jumps 14c a barrel to $27.77 amid suspicion that the blast was the work of suicide flyers. (MXF) 9:21 (Dow Jones) CBOT makes announcement on trading floor that the exchange will be suspending trading in the DJIA futures and options at 8:21 a.m. central time. (SPC) 9:21 (Dow Jones) Implications of WTC explosions for credit markets: "It's going to be a classic flight to quality," says one analyst. Look for govts to rally and corporates to get hurt. (RGB) 9:18 (Dow Jones) Forex markets selling off dollar after planes crash into World Trade Center. EUR/USD up at 0.9040, USD/JPY down at 121.25, USD/CHF down at 1.6758. (JMG) 9:15 (Dow Jones) A CME spokesman says he "doesn't know" if stock futures trading will start on time today in the wake of the reported evacuation of the NYSE. Overnight trade is continuing at this time. "We assume everything will open on time," spokesman says. "We don't know about equities." (DMR) 9:10 (Dow Jones) The USD is falling and Sept. S&P futures are now down 24 points, Dow futures off 135 as second plane smashes into WTC. (NK) 9:07 (Dow Jones) A second explosion has hit the other World Trade Center tower, suggesting a terrorist act is at work. Stock futures are plunging - S&Ps off 20, Nasdaq down 50, Dow futures off 50. Report NYSE being evacuated. (TG) 9:02 (Dow Jones) It may or may not have anything to do with the World Trade Center plane crash, but stock futures are coming off their best levels. Nasdaq futures now off slightly, S&Ps flat. (TG) 8:54 (Dow Jones) No doubt where the risk/reward lies in Best Buy (BBY) - at least according to Merrill. Says stock can hit $90 over next year, with downside protection at $45. The major EPS risk phase is over, and Merrill says stock price reasonable enough relative to earnings growth outlook that CFO could borrow money to afford to buy back stock. Shares closed Monday at $54.05. (TG) 8:41 (Dow Jones) Prudential says IBM First Call numbers still too high. Pru recently cut 3Q revenue view to $20.8 billion, and reiterates hold. (TG) 8:35 (Dow Jones) That Mad Cow scare in Japan has analysts working their calculators. John Glass at Deutsche Banc figures that the maximum impact to McDonald's (MCD) earnings next year is two cents. Glass is estimating 2002 earnings of $1.55 a share and assumes that profits in Japan could, at most, fall 20% - the decline in Europe after the livestock disease scare there. He notes that McDonald's Japan imports all its beef from Australia and New Zealand. (RLG) 8:30 (Dow Jones) Wall Street will get in an economic-data practice round Tuesday morning, trying to get in shape for the big show at the end of the week. Tuesday's trading session will potentially be swayed by weekly retail sales, readings from both the Chicago and Richmond Feds, and a couple of speeches from Federal Reserve bigwigs. For now, things are looking pretty nice, with stock futures showing sizable gains. Heinz (HNZ) hits, Nokia (NOK) expects to meet 3Q views despite sales that will probably come in less than the company thought. United Health (UNH) and Pfizer (PFE) also backed this year's estimates. (TG) (END) DOW JONES NEWS 09-11-01 09:32 AM * end of story *