Over all markets looking up this morning with stocks on top ( see Futures Heat Map). A lot happening today:
First Take: Summers done in by two sets of critics USA TODAY - 11 hours ago SHARE 245 CONNECT 73 TWEET 37 COMMENTEMAILMORE. For Larry Summers, two camps of rivals apparently proved to be one too many. Everyone knew liberals didn't want the former Treasury secretary to be President Obama's pick to chair the ...Fed likely to slow bond buys despite tepid economy By MARTIN CRUTSINGER - AP - 8 mins ago WASHINGTON (AP) — Hiring is soft. Pay is barely up. Consumers are cautious. Economic growth has yet to pick up. (full story)
Obama to tout economy while marking Lehman fall By JIM KUHNHENN - AP - 2 hrs 43 mins ago WASHINGTON (AP) — President Barack Obama is seeking credit for an economic turnaround, using the fifth anniversary of the collapse of the Lehman Brothers investment bank to highlight signs of recovery and to warn against potentially market-rattling fights over the federal budget and the nation's debt ceiling. (full story)
Former Obama aide Summers withdraws from Fed chair consideration Dollar Drops as Stocks Advance on Summers; Oil Retreats
--and this week's reports start today w/ Capacity Utilization and Industrial Production and then comes CPI, FOMC rates, Claims, Housing, and more...