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Scoping | 07.01.09

A Forecast With Hope Built In – Hope has got nothing on reality [New York Times]
Justice Department demands UBS client names – “Swiss bank UBS AG ”systematically and deliberately” violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in evading taxes and must be forced to reveal the identities of 52,000 of those clients, the Justice Department said in a court filing in Miami Tuesday.” [AP via Miami Herald]

ADP Estimates U.S. Companies Cut Payrolls by 473,000
– Estimates ahead of tomorrow’s number keep us under 10% unemployment! Cross your fingers! [Bloomberg]