Morning News

• Futures are down pointing to a lower open this morning.

• Weekly Jobless Claims this morning at 8:30.

• July Consumer Credit report today at 3 PM.

• July Wholesale Trade also out this morning at 10 am.

• Weekly oil inventories to be released today due to the long weekend at 10:30 am.

• Reports are out that Ebay Inc. is in talks to buy internet phone service Skype Technologies.

• News Corp. (NWS) to acquire IGN Entertainment Inc. for $650 million.

• Crude oil is up a bit this morning currently $64.94 a barrel.

• Gold is currently $449.20 per ounce.

• Wholesale price of gasoline is currently $2.05

Budd Foxx