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Breaking News - Chesapeake Energy CHK
Commodities

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

After Market Close
Commodities

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
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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
ETF

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
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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
ETF

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.