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U.S. Morning Call: Super Mario to deliver bond plan

Thursday, September 06, 2012 - 03:12

Sep 6 - European Central Bank chief Mario Draghi faces the most decisive moment of his presidency when he presents his plan to save the euro at a press conference today.

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It's time for -- to live up to his promise and Amazon Amazon fire's out another version of its winning tablet let's kick off your morning call for Thursday. About a month to go super Marriott said he would do what ever it takes to preserve the -- in an hour we'll find out if he stays true to his word. Investors looking for clues on the size and timing of the new bond buying program that can help bring down by lowering costs and revive. Risk appetite. In that opens but that doesn't want to help out too much but he's it -- sees the market since thinking they will. And come out of this a sledgehammer approach into whatever is necessary step to accuse you can't just went on opposite me compromise steroids that sees no explicit targets on. On on -- is that moving in the right direction. European stocks up ahead of the ECB announcement. Draghi doesn't share too many specifics strategists say market losses will likely be limited. With investors relatively well heads to the downside. Over in the US stock futures also pointing to a higher open today. Amazon hoping to light a fire under consumers with the announcement of at least one new version of its Kindle tablet today. An update of the popular existing Kindle. Amazon up bumper a box 75 to 248 in the premarket. The company looking to get devices into as many hands as possible in order to sell higher margin digital content. Suspect after its recent deal with epics which added about 3000 movies to Amazon's video streaming library. Jobs a big theme today ahead of Friday's unemployment report. Investors will be paying close attention to initial claims data with fewer Americans expected to have filed claims last week. Payroll processor ADP releases its August employment report -- says we could see private payrolls rising by -- 165000. ADP can be a volatile figure but wasn't line with the last jobs report. And if you have OD on economic data by then check out ISM's release on growth in the services sector. Today's figure expected to show further slowdown and could reinforce expectations of more monetary stimulus from the bad. After some stocks to watch. News -- cut this year bonuses for four top exacts including the big man Rupert Murdoch and his son James according to a regulatory filing. It's compensation committees and it took into account the fall out from the phone hacking scandal which included hefty settlement expenses. Supervalu said it would close about five dozen stores before the end the year at the struggles to compete with the likes of Wal-Mart and Kroger. And engine maker Navistar up in premarket after 196. Million dollar tax benefit. Offset the high cost of its unsuccessful program to develop a new diesel engine. That's an article for this Thursday remembered follow us on Twitter at Reuters Insider for all the latest headlines. And check out our -- YouTube channel at Reuters dot com slash writers TV. I'm Lisa Bernhard this is Reuters.

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U.S. Morning Call: Super Mario to deliver bond plan

Thursday, September 06, 2012 - 03:12