Morning News

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

• August Personal Income and Spending report out this morning at 8:30 am.

• September Chicago PMI today at 10:00 am.

• University of Michigan to release final September reading of Consumer Sentiment this morning as well.

• Boeing (BA) Machinists Union votes for a new 3 year contract ending strike.

• Hurricane Katrina has forced 279,000 people out of jobs so far.

• Callaway Golf (ELY) cutting jobs in a restructuring effort to save $70 million over the next 2 years. The company has also stated 3rd quarter earnings will come in short of the streets expectations.

• Crude Oil currently $66.81 per barrel.

• Wholesale Gasoline is down a bit currently $2.18 per gallon.

• Natural Gas is up again this morning remains above $14.00 per unit.

• Gold is $476.50 per ounce.

Budd Foxx