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U.S. Day Ahead: MF Global seeks bankruptcy funding

Tuesday, December 13, 2011 - 01:56

Dec. 13 - Reuters Correspondent Nicholas Brown says MF Global is likely to get much-needed cash for its Chapter 11 despite objections from customer over missing funds.

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Here's your US day ahead and a global will try to get approval but he deal to fund its Chapter Eleven filing. The failed brokerages appearing at a Manhattan court at 9 AM. Don't argue it should be able to use all 21 million dollars of its cash collateral from JPMorgan. To support its bankruptcy. Reuters correspondent Nicholas brown says chances are. The company will succeed. And apple has no other funding options right now that this has to go through some customers had objected to it they felt that a lot of these assets really blinded them. But we're hearing most of those objections have been resolved at a record. We'll get a gauge what CEOs are thinking with the release of the business roundtable survey before midday. Their views of darkened the last two quarters after the budget standoff in congress this December edition -- reflect the worsening of the European debt crisis. Including whether business leaders planet hat or cut jobs in the coming months. Joy Global is set to post stronger profits reports fourth quarter results before the bell. Analysts expect the lining manufactured -- earnings of a dollar 86 cents a share compared with the Dow 39 cents a year ago. But the focus will be on the company's outlook for next year given economic challenges and its US and European markets. We might -- more inside the Fed policy when Atlanta fed president Dennis Lockhart takes the podium at 8:30 AM. Last month Lockhart said he doubted more bond buying would help kick start the sluggish recovery. The deficit issue will become a new voting member on the central bank's board. While. Investors we'll check the health of treasuries with results from the thirteen billion dollar thirty year bond option out at one. Yields on longer dated debt dropped after the Fed left monetary policy on hold at the end of December meeting. Concerns over the Euro zone have recently fueled treasury prices. I'm Fred Katayama and this is Reuters.

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U.S. Day Ahead: MF Global seeks bankruptcy funding

Tuesday, December 13, 2011 - 01:56