Morning News

• Futures are flat pointing to a slightly higher open.

• June Chicago PMI out today.

• Weekly Jobless claims also this morning.

• May Personal Income and Outlays report today as well.

• CNBC is reporting Bank Of America to purchase MBNA the deal reportedly worth $35.2billion.

• U.S. Federal Reserve to announce rate decision later in the day today.

• Boeing (BA) has chosen 3m chief executive Jim Mcnerney to lead the aerospace company.

• Crude oil continues to slide currently just under $57.00 per barrel

• Not much change in Gold currently $437.50 per ounce.

Budd Foxx