Morning News
- Futures are down this morning look for a lower open.
- August Consumer Confidence Report released at 10 am.
- July Factory Orders also at 10 am.
- Hurricane Katrina has left a path of distruction along the Gulf Coast, and could be the most expensive storm on record. Early estimates call for between $12 billion to $26 billion in claims are expected.
- Apple Computer (AAPL) expected to release new product info on September 7th. Expectations are the company will unveil an iPOD cell phone made by Motorola.
- General Motors (GM) to meet and update analysts today.
- Sprint Nextel (S) Closr to buying two smaller companies. A $400 million deal with IWO Holdings Inc, and a $288 million deal with Gulf Coast Wireless.
- Crude Oil has climbed a bit this morning currently $68.20 per barrel.
- Gold has really taken a beating as of late currently $439.40 per ounce.
posted by Gordengekko at 7:05 AM
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