Morning News

• Futures are on the flat side pointing to a slightly higher open this morning.

• September Wholesale Trade this morning.

• Weekly Oil Inventories to be released at 10:30 am.

• Senators to meet with oil executives today. The senate hearing to focus on rising cost in energy , and the possibility of taxing oil company profits.

• William A Ackman wants McDonalds Corp. (MCD) to sell company owned restaurants. Ackman holds a 4.9% stake in the company.

• American International Group Inc. (AIG) restating finances again now to 2002.

• Democrats win both Governor races in Virginia and New Jersey. In California all four proposals backed by Schwarzenegger failed.

• Crude Oil is currently $59.75 per barrel.

• Wholesale Gasoline is $1.56 per gallon.

• Natural Gas $11.77 per unit.

• Gold moved up just a bit yesterday currently it is $463.50 per ounce.

Budd Foxx