Morning News

• Futures are pointing to a higher open this morning.

• June Employment Report due out before the open today.

• May Wholesale Trade numbers also out this morning.

• May Consumer Credit released today at 3pm.

• Watch oil today as hurricane Dennis now a category 4 storm is expected to enter the Gulf of Mexico later today or tonight.

• European stocks recover nicely today 1 day after the attacks in London.

• Sunoco Inc. (SUN) has announced a 2 for 1 stock split, also declared a third quarter cash dividend of 20 cents per share.

• Siebel Systems Inc. (SEBL) warned yesterday after the bell the company expects to miss on second quarter sales expectations.

• Crude Oil currently just over $61.00 per barrel.

• Gold nearly $425.00 per ounce.

Budd Foxx