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Research: Key Research: Key Research: GS cuts BV and BF.B (sell), Jeff upgrades CAG/HMSY (buy's), Bernstein initiates CAM (op) RBC upgrades DFT, Wells initiates COP/MRO/MUR (op's) & HES/OXY (mp's) & upgrades ULTA Citi initiates FRX/AGN/LLY/PFE (buy's) and BMY/MRK (neut's), Key initiates CTS (hold)
.10%, ASX +0.63% EUR 1.3006 (+0.21%) JPY 82.62 (-0.63%) EURIJPY 107.47 (+0.82%) Spain 10yr 5.39% Italy 10yr 4.54% US 10yr 1.62% Futures: Dow +18, Nasdaq +5, +1 DXY $80.14 (-6c) Crude $88.02 (-Sc) Gold $1730.60 (+S1.10) Copper +0.55% Republicans rejected opening offer from President Obama for a deal t
es APKT, RBC downgrades MRVL, CLSA initiates BEAM (up) EFTA00406607 Key Research: Evercore cuts GRPN, Jefferies raises AAPL pt & downgrades VVUS, Wells upgrades VIAB Key Research: JPM upgrades COG & initiates HFC/VLO (neut's) and PSX/TSO (ow's), FBR initiates FCEL Key Research: Susquehanna initia
0.92% EUR 1.2371 (+0.11%) JPY 79.46 (-0.15%) AUD 1.0446 (-0.62%) Italy 10yr 5.80% US 10yr 1.83% VIX 14.29 Spanish 10yr 6.45% Futures: Dow -2, Nasdaq +5, S&P -1 DXY $82.37 (+2c) Crude $95.13 (-47c) Gold $1619.10 (-10c) Copper +0.49%% Very quiet Friday in August thus far and volumes light even th
$100M IPO US Key Research: .' Barcap initiates VA (ow), DB initiates VA (buy), MLB initiates EFC (hold) & HALO (buy) ••• Ladenberg downgrades MMM, Wells initiates ACAT (mp) Europe Key Research: • SNS downgrades NUO NA, Degroof downgrades REC BB Reporting Pre-Open: PNY Economic Data: MBA Mortgage A
, ASX +0.25% EUR 1.2199 (+0.22%) JPY 120.47 (+0.18%) EUR/JPY 146.96 (+0.04%) RUB +0.33% NZD +0.29% GBP +0.17% US 10yr 2.255% Futures: Dow +14, Nasdaq +5, S&P +1 DXY $89.89 (-17c) Crude $56.13 (-$1.01) Gold $1177.00 (-$1.00) Copper -0.38% Silver +0.18% Nat Gas -0.57% It was a fairly quiet night in
Entities connected to both Wells and Nasdaq +5

Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSONIke Groff
PERSON
Barack Obama
PERSON
Barron
PERSON
Michigan
LOCATION
Ghislaine Maxwell
PERSONBaird
PERSONBarcap
ORGANIZATION
Michael Jackson
PERSONJefferies
ORGANIZATION
Stanford University
LOCATION
Horizon
ORGANIZATIONNomura
ORGANIZATION
Angela Merkel
PERSON
Hillary Clinton
PERSON
Bernanke
PERSON
François Hollande
PERSON
Bill Clinton
PERSON
Finland
LOCATION