Morning News

• Futures look good this morning pointing to a higher open.

• Circuit City (CC) will be reporting before the open this morning.

• Bank of America (BAC) to buy 9% stake in China Construction Bank.

• A Food and Drug advisory committee has voted to recommend Nitro Med's (NTMD) cardiac drug BIDIL to be approved to treat heart failure in African American patients.

• Biogen (BIIB) to sell a Californian plant to Genentech (DNA) . The deal worth $ 408 million, Genentech will use the facility to produce it's popular drug Avastin.

• Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) both recieve licensing to conduct business in Canada.

• Crude oil continues to rise the price of a barrel now over $57.00

• Gold has also been doing well now trading at $439.00 per ounce.

Budd Foxx