Morning News

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

• October Consumer Confidence Index to be released at 10 am.

• September Existing Home Sales also to be realeased at 10 am.

• Ben Bernanke is president Bush's choice to replace the retiring Alan Greenspan.

• Ericson to buy parts of Macroni Corp. for $2.1 billion.

• Dolan family withdraws plans to take CableVision private.

• Dupont planning $5 billion share buyback. This announcement comes after the company reported disapointing earnings.

• Early Estimates range from 5 to 10 billion dollars of damage caused in the state of Florida by hurricane Wilma. Millions of residents are without power and water.

• Crude Oil is currently $60.05 per barrel.

• Wholesale Gasoline continues to pull back currently $1.57 per gallon.

• Natural Gas is up a bit this morning now $13.15 per unit.

• Gold is $470.10 per ounce.

Budd Foxx