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Housing Starts Update: Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,119,000, 16.3% below the revised June rate of 1,337,000, but 7.5% above the July 2014 estimate of 1,041,000. Single-family authorizations in July were 679,000, 1.9% below the revised June figure of 692,000.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.