Epstein Secrets

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 to avoid going over the fiscal cliff that included $1.6T in new tax revenues, a $50B economic stimulus package and new power to increase

+0.55% Republicans rejected opening offer from President Obama for a deal to avoid going over the fiscal cliff t

s STJ (buy) & initiates QCOR (neut), KBW upgrades WAC, Raja & UBS cuts YUM Longbow initiates UPIP (mp) and CBM/SWK (neut's), Macquarie upgrades BRO, Wedbush initiates LNKD UBS cuts KGF LN, UBS upgrades BWY LN, Nomura upgrades TDC DC & cuts TLSN SS Citi cuts Insurance & Basic Res & upgrades Autos and Ban

e791-11e1-86bf-00144feab49a.html#axzz23ggoXwFg> FT Luxembourg to feel pinch of banking union FT< e789-11e1-86bf-00144feab49a.html#axzz23ggoXwFg> Obama needs a plan to cut the deficit llel-bece-00144feab49a.html#axzz23ggoXwFg> FT< FT< Corporate cash power is holding the state hostage We must cle

Key Research: JPM upgrades COG & initiates HFC/VLO (neut's) and PSX/TSO (ow's), FBR initiates FCEL Key Research: Susquehanna initiates SF (neut), Wedbush initiates KKD (op), Northcoast initiates C00 (buy) Key Research: Investec downgrades LLOY LN, MS downgrades LINTA/WLP/CERN/MCK & upgrades FM/WAG

cut FY revenue forecast ($500M buyback) but loss beats (trading +2.5%) MGM Film Studio plans buyout of Icahn shares for $590M (WSJ) New poll shows Obama has edge in 3 battleground states (+6 OH, +6 FL+11 PA) (NYT<http://www.nytimes.com/2012/08/01/us/politics/polls-give-obama-edge-in-pennsylvania- ohi

ngrades MGRC Key Research: Imperial resumes BA (in-line) & initiates PCP (op), Miller Tabak initiates EOG (hold) Key Research: Jeff downgrades BP, Wedbush downgrades ADVS, JPM downgrades ABFS/BDX Key Research: Lazard downgrades CBI/DNDN/EMN & initiates WSO (neut), Baird downgrades PPO, Citi cuts DISCA

favourable for gilts FT • The Foreign Policy Inbox FT • Weak German data point to stagnation FT • Australian dollar hits five-week high FT • Obama and Wall St — end hostilities FT • US corporate bonds — yield of dreams Lex • Obama — beyond the fiscal cliff Lex • Wall St alarm as Obama face

LH Bofa reinstates BX/LM/MS (neut's) and TROW/BEN/GS/KKR (buy's), Evercore cuts CBS, BMO upgrades CMI/HNT, Baird upgrades FMER, RBC upgrades ED/SO, Wedbush initiates CREE (op) Citi cuts LFUGOUDVN & upgrades ROSE, HSBC downgrade CSGN VX, CBK cuts LXS GY DNB downgrade SCH NO, UBS remove FR FP most prefer

raising FT • ECB told to double its manpower FT • BP faces year-long wait for spill closure FT • German carmakers extend lead in Europe FT • Obama puts trade at heart of agenda FT • EU leaders seek seven-year budget deal FT • QE takes a toll on emerging economies FT • MPS bailout puts Drag

, Opco upgrades CFR & cuts ASBC • Barcap upgrades AWI/DHI & cuts RYUKBH/PHM/RLGY/TOL & initiates HCP/VTR (ew) & HCN (ow) ••• Nomura downgrades CIT, Wedbush initiates DENN (op), Opco cuts ASBC & upgrades CFR ••• BMO downgrades LM, CLSA downgrades LIFE, CS initiates WSM (neut) & LL (op), Raja downgrades R