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Mario Draghi, President of the ECB Statement

Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. While inflation rates are likely to stay above 2% for the remainder of 2012, over the policy-relevant horizon we expect price developments to remain in line with price stability. Consistent with this picture, the underlying pace of monetary expansion remains subdued. Inflation expectations for the euro area economy continue to be firmly anchored in line with our aim of maintaining inflation rates below, but close to, 2% over the medium term

Breaking News - ECB

Breaking News Out of the ECB

Breaking News - Chesapeake Energy CHK

Break News -Chesapeake Energy’s (CHK, [stock CHK]) board of director shakeup. Four directors resign and one retires. Allowing either Icahn or a Icahn representative to be named to the board. Chesapeake Energy’s CEO McClendon will remain the companies CEO.    

Ford 67 fastback mustang

U.S. auto manufactures continues to improve with all U.S. manufactures posting double digit sales gains for the month of May although shy of analyst’s expectations. Ford Motor Company [F, $[stock F] sales rose 21% for the month of May falling short of both Barclays and Edmunds.com expectations.

Mid Day Update

The U.S. equity averages are on upswing once again. The tech sector continues to weigh heavily on the sector. 

After Market Close

U.S. markets dropped more than 1% today as the euro fell off a cliff hitting a 2 year low until the afternoon when the euro regained its footing sending the U.S. dollar lower and equities higher.

Hedge Fund Giant Betting on Caesars Entertainment

On Wednesday, the Ira Sohn investment conference was held in New York. The Sohn Investment Conference brings together a group of successful investors to present their best investment ideas.

After Market Close

The market saw up and down swings.  Financials lead the way in early trade through the afternoon.  Market took a turn when news reports quoted former Greece Prime Minister Lucas Papademos as saying that preparations for the country’s exit from the euro zone are being considered, sending the euro and markets lower.

Unusual Option Activity in American Vanguard Corp

American Vanguard Corp. (AVD [stock AVD]) is showing unusual option activity today, with call volume at more than 1,000% of average. The August 30 call has a volume of 2,636 contracts.

U.S. Stock Market

Traders find themselves back in a risk on scenario across the board after the G8 statement indicated the euro zone policy makers would like to keep Greece in the family.