Morning News

• Futures are weak pointing to a slightly lower open.

• June Industrial Production numbers out today.

• June Producer Price Index also today.

• May Business Inventories also to be released today.

• General Electric (GE) reported second quarter earnings earlier this morning of 44 cents a share which was in line with expectations the company also saw a rise in revenue of 13%.

• J.B. Hunt reported second quarter earnings of $ 54.6 million or 33 cents a share which was up frome same time period 1 year ago. Analysts expectations called for 34 cents a share.

• Crude Oil has climbed back above $ 58.00 per barrel.

• Gold in a downward trend currently just over $ 420.00 per ounce.

Budd Foxx