Senate tax cut debate delayed by bill mix up
Senators started a week planned for a major Bush tax cut but faced a debate on the wrong bill. Democrats resisted GOP exit pressure as the Finance Committee readied a revised measure to address 350 billion dollars in tax cuts over a decade. Sen. Max Baucus pledged cooperation as the panel reconvened.
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Washington
Bush
Senate
New Mexico
Nebraska
Indiana
White House
Congress
Senate Finance Committee
Max Baucus
Montana
Dollar slides to four year low against euro in clear trade signal
FRANKFURT Germany AP The dollar fell to a four year low against the euro after John Snow said a weaker dollar would aid U S exports The euro traded around 1 1621 dollars in Europe and slipped to about 1 1600 later in the day New York quotes put the euro at 1 1541 dollars Snow suggested the government would not intervene to halt the decline citing export benefits
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Frankfurt
Germany
U.S
U.S. Treasury
John Snow
Europe
New York
Snow
ABC
Wheat futures surge to six and a half month high on CBOT
Wheat led gains as speculative buying pushed futures higher on the Chicago Board of Trade, with soybeans and corn rising modestly. USDA supply and demand figures and weather concerns fueled optimism, though analysts call the move largely speculative. July wheat at 3.31 a bushel, July corn 2.52 1/4, July oats 1.54, July soybeans 6.42 1/2.
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Chicago
Chicago Board of Trade
U.S. Department of Agriculture
Stocks rally for a third straight week as Dow gains 122
Wall Street extended its rally with the Dow rising 122.13 points to 8726.78 on Monday amid thin news and four-week gains across major indexes. The Nasdaq rose 21.25 to 1541.40 and the S&P advanced 11.70 to 945.11 as investors grow confident. Wal‑Mart Target and Dell climbed ahead of earnings, while analysts noted continued buying by big players and hedge funds.
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New York
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Michael Murphy
Wachovia Securities
Baltimore
Murphy
Dow
Standard & Poor
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Dell
Ann Taylor
Prudential Securities
Hogs and cattle trade at Peoria Stockyards AP report
Stockyards Peoria AP notes moderate trading for hogs with barrows and gilts up to .50 higher. 1-2 230-260 lb 40.50-41.00, 2-3 260-280 lb 39.00-40.50. Light to medium weights up 1.00, heavy weights up to 1.00 higher 300-700 lb ranges. Boars over 300 lb 8.00, under 300 lb 30.50. Cattle about 75 head traded. choice slaughter steers and heifers up 2.00. Slaughter steers 2-3 1,050-1,350 lb 76.50-77.00, select and choice 1,050-1,250 lb 75.50-76.50, select 1,000-1,200 lb 74.50-75.50.
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Peoria
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