=DJ DATA SNAP:US Conference Bd Oct Consumer Confidence 105.4(DJ)

 
=========================================================
 Conference Board      Oct     Sep     !Forecast: 108.0 !
 Consumer Confidence  105.4   105.9 R  !Actual: 105.4   !
 Present Situation    124.7   128.3 R  !                !
 Expectations          92.6    91.0 R  !                !
=========================================================
 
   By Michael S. Derby
   Of DOW JONES NEWSWIRES
 
  NEW YORK (Dow Jones)--U.S. consumer confidence levels posted a
small unexpected dip in October, weighed down by worries over jobs
and the economy's current state.
  The Conference Board, a private research group, reported Tuesday
that its index of consumer confidence for October ebbed to 105.4,
from the revised 105.9 seen the month before. Economists had
expected to see the index hit 108.0.
  The slide "was prompted by consumers' mixed assessment of the
present day business conditions and a less favorable view of the
job market," said Lynn Franco, who leads the organization's
Consumer Research Center. "This month's readings continue to
suggest a moderate pace of economic growth."
 
  (MORE TO FOLLOW) Dow Jones Newswires
  October 31, 2006 10:01 ET (15:01 GMT)
  Copyright (c) 2006 Dow Jones & Company, Inc. - - 10 01 AM EST
10-31-06

Keywords:  CURRENCY ENERGY FINANCIAL ECONOMY GENERAL
09:01:45   10/31/06

    =DJ Fed Leaves Rates At 5.25%; Still Sees Inflation Risk(DJ)

  By Brian Blackstone and Campion Walsh
  Of DOW JONES NEWSWIRES
  WASHINGTON (Dow Jones)--The Federal Reserve on Wednesday left the
federal funds rate unchanged at 5.25% for a third-straight meeting
amid signs of slower growth but kept the door open for higher rates
if inflation persists.
  An accompanying statement largely mirrored the one issued in
September, repeating that the economy is moderating due to a
"cooling" housing sector, that "some inflation risks remain" and
that any additional rate hikes will depend on the economic
outlook.
  The statement suggests the likeliest scenario is a prolonged
period of policy stability, assuming the Fed's forecast of slower
growth and moderating inflation unfolds.
  The Federal Open Market Committee, as universally expected in a
Dow Jones Newswires survey, voted 10-1 to keep the federal funds
rate at 5.25%, where it has stood since late June following
17-straight hikes dating back to mid-2004.
  Richmond Fed President Jeffrey Lacker dissented for a
third-straight time, again preferring another quarter-point hike
in the Fed funds rate.
  "Economic growth has slowed over the course of the year," the FOMC
said. "Going forward, the economy seems likely to expand at a
moderate pace."
  Fed watchers had expected little change in the Fed's assessment of
policy, since not much has changed on the economic and inflation
front over the past six weeks to alter the Fed's view that lower
energy prices and a moderating economy should ease price pressures
that, for now, remain uncomfortably high.
  "Some inflation risks remain," the FOMC said, repeating its
previous assessment. The Fed again cited the "high level of
resource utilization" but dropped its reference to energy prices
as having the potential to sustain inflation.
  It also said inflation should "moderate" due to lower energy
prices, contained inflation expectations and past rate hikes.
  Monthly inflation numbers have cooled from elevated spring and
early summer gains, with the consumer price index excluding food
and energy posting three-straight 0.2% gains through September.
The overall CPI, meanwhile, fell last month due to sharply lower
energy prices, which should take pressure off energy-related core
items like transportation in coming months.
  Yet the annual core CPI rose to a decade high of 2.9% in
September. And the Fed's preferred measure - the core personal
consumption expenditures price index - is running at a 2.5% rate,
well above the Fed's 1% to 2% comfort zone.
  Against that backdrop, and with officials such as Fed Vice
Chairman Donald Kohn warning that higher inflation poses a greater
risk than weak economic growth, it would have been tough to drop the
tightening bias.
  "To say anything else would harm the Fed's (inflation-fighting)
credibility," said Tony Crescenzi of Miller Tabak in a research
note prior to the Fed decision.
  The economy, meanwhile, appeared to have slowed sharply in the
third quarter due in part to a steep slide in housing, conforming
to Fed Chairman Ben Bernanke's projection that a "substantial"
housing correction could slice one percentage point off second
half growth.
  Gross domestic product figures due Friday are expected to show
only around 2% growth in the third quarter, down from 2.6% in the
second and well below the economy's growth potential of around 3%
or higher.
  But resilient consumer spending outside of housing and
automobiles, aided by falling gasoline prices, rising equity
values and a tight labor market, should bolster the economy in the
fourth quarter, so any slack generated by sub-trend growth could be
brief.
  -By Brian Blackstone and Campion Walsh; Dow Jones Newswires;
202-828-3397; brian.blackstone@dowjones.com and
campion.walsh@dowjones.com
  (Benton Ives-Halperin contributed to this article)
  (END) Dow Jones Newswires
  October 25, 2006 14:13 ET (18:13 GMT)
  Copyright (c) 2006 Dow Jones & Company, Inc. - - 02 13 PM EDT
10-25-06

Keywords:  CURRENCY ENERGY FINANCIAL ECONOMY GENERAL
13:13:34   10/25/06

Dear Clients,

I will be out of the office on vacation starting Monday October 9th , returning to work Friday, October 13th . During my absence, please call the office with any requests. If you have an order to place, please call and have your account number handy.

E-mails will not be answered and an auto responder will reply that I am out. If you need to send any e-mails (NO ORDERS ARE ACCEPTED) please send it to my assistant Sarah sarah@cannoncapital.com  

Try to avoid e-mails and IM’s as no one will be able to answer them.

The office numbers are 800-454-9572 or 310-859-9572

If you are a day-trader, please make sure to stay within your trading limits and remember that to hold positions overnight, full margin is required.

Thanks again and good trading.

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210

The finest compliment I can receive is a referral from a trusted client.

* Important Please Note: 

Trading commodity futures and options involves substantial risk of loss. 

The recommendations contained in this letter is of opinion only and does not guarantee any profits.

These are risky markets and only risk capital should be used.

Past performances are not necessarily indicative of future results. 

  Average hourly earnings increased $0.04, or 0.2%, to $16.84. That
was up 4.0% from a year earlier.
  The payrolls growth was well below Wall Street expectations, but
the unemployment rate was also lower than expected. The median
estimate of 23 economists polled by Dow Jones Newswires had
projected a 125,000 payroll increase and a 4.7% unemployment rate.
Wage growth was slightly less than expected, as surveyed economists
had projected a 0.3% monthly increase in average hourly earnings.
  The Labor Department report suggests payrolls growth continues to
slow as the economy cools from its rapid pace earlier in the year.
The unemployment rate indicates a relatively tight job market, but
monthly payroll growth has slowed since March as overall economic
growth decelerated sharply in the second quarter.
  Earlier this week Federal Reserve Chairman Ben Bernanke said the
weaker housing market will probably shave about one percentage
point off U.S. economic growth in the second half of 2006 and
continue to drag on growth next year. Bernanke said inflation
risks remain but should moderate over time. Fed policymakers are
widely expected to leave their short-term interest rate target at
5.25% when they meet Oct. 24-25.
  The Labor Department Friday said hiring last month in
goods-producing industries fell by 11,000. Within this group,
manufacturing firms cut 19,000 jobs, while construction firms
added 8,000 jobs.
  Service-sector employment grew by 62,000. Retail payrolls fell by
12,000. Business and professional services companies' payrolls
rose by 12,000. Education and health services added 15,000 jobs.
  The average work week was unchanged at 33.8 hours.
  -By Campion Walsh; Dow Jones Newswires;

DJ Table of U.S. Employment Data From Labor Department(DJ)
                                   JUL.    AUG.    SEP.
U.S. Unemployment Rate             4.8%    4.7%    4.6%
 
Data From Establishment Survey
 
  Non-farm Payrolls (000s)      135,374   135,562 135,613
  Monthly Change                    123       188      51
  Goods Producing                22,420    22,438  22,427
  Construction                    7,504     7,527   7,535
  Manufacturing                  14,236    14,229  14,210
  Service Producing             112,954   113,124 113,186
  Retail trade                   15,222    15,209  15,197
  Professional, Business         17,364    17,401  17,413
  Education, Health              17,735    17,802  17,817
  Leisure, Hospitality           13,062    13,082  13,092
  Government                     21,970    21,996  21,988
 
 Average Hourly Workweek
  Total private                     33.9      33.8    33.8
  Manufacturing                     41.4      41.3    41.1
  Mfg Overtime                       4.5       4.4     4.3
  Avg Weekly Earns Total Private  $568.16   $567.84 $569.19
  Avg Hourly Earns Total Private   $16.76    $16.80  $16.84
 
Data From Household Survey
 
Civilian Labor Force (000s)     151,534  151,698 151,799
 Change                            213      164     101
Employment(000s)                144,329  144,579 144,850
 Change                            -34      250     271
Unemployment (000s)               7,205    7,119   6,949
 Change                            248      -86    -170
Not in Labor Force (000s)        77,379   77,469  77,621
 Change                             29       90     152
Persons Who Want Job              4,901    4,918   4,658
 Change                            131       17    -260
 
 Source: U.S. Department of Labor
 On the web: www.bls.gov 
  
 
Sincerely, Ilan Levy-Mayer, M.B.A Vice President Cannon Trading Co Inc. http://www.cannontrading.com http://www.E-Futures.com ilan@cannoncapital.com Yahoo IM ilanlevy1970 310-859-9572 800-454-9572 Fax 310-859-0547 9301 Wilshire Blvd. Suite #614 Beverly Hills, Ca 90210 The finest compliment I can receive is a referral from a trusted client. * Important Please Note: Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

    DJ MARKET TALK: Dec DJIA Futures Hits New Contract High(DJ)

  1458 GMT [Dow Jones] Following the cash market's lead, Dec DJIA
futures contract sets a new contract high of 11832, besting the
previous record of 11830, set May 10. Market sources saying
contracts are seeing a short-covering rally. Next resistance level
would be 11853, the record high nearest-futures set in January 2000
on the March 2000 contract. Dec DJIA recently at 11830, up 40
points. (JLT)
 
Contact us in New York. Darlene Ross, 201 938-2085;
darlene.ross@dowjones.com
 
 
  (END) Dow Jones Newswires
  October 04, 2006 10:58 ET (14:58 GMT)
  Copyright (c) 2006 Dow Jones & Company, Inc. - - 10 58 AM EDT
10-04-06

Keywords:  FINANCIAL ECONOMY STOCKS GENERAL
09:58:54   10/04/06

Sincerely, Ilan Levy-Mayer, M.B.A Vice President Cannon Trading Co Inc. http://www.cannontrading.com http://www.E-Futures.com ilan@cannoncapital.com Yahoo IM ilanlevy1970 310-859-9572 800-454-9572 Fax 310-859-0547 9301 Wilshire Blvd. Suite #614 Beverly Hills, Ca 90210 The finest compliment I can receive is a referral from a trusted client. * Important Please Note: Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.