Morning News

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

• October NY FED Manufactoring Survey this morning.

• Tropical Storm Wilma in the western Caribbean Sea. Forcasters are calling for the storm to enter the Gulf of Mexico later in the week as a hurricane.

• General Motors reportedly getting closer to a deal with United Auto Workers Union to cut health care cost. An announcement could come as early as this morning when the company reports earnings.

• ST. Jude Medical (STJ) to pay $1.3 billion for Advanced Neuromodulation Systems Inc. (ANSI)

• J.C Flowers reportedly willing to pay $1 billion for Refco Inc. (RFX)

• Crude Oil on the rise currently $64.05 per barrel.

• Wholesale Gasoline also up a bit to $1.81 per gallon.

• Natural Gas $13.90 per unit.

• Gold is up this morning currently $474.70 per ounce.

Budd Foxx