Morning News

• Futures are pointing to a higher open this morning.

• Natural Gas Inventories will be released at 10:30 this morning.

• Weekly Jobless Claims to be released today.

• October Construction Spending will be out today.

• November ISM Manufactoring Index also due out today.

• October Personal Income and Spending to be released this morning.

• Earnings today include: BCM, CONN, DLM, FRE, GHCI, GRB, GIL, MOV, MGAM, NOVL, OVTI, PRLS, PTRY, PAY, WMG, and WWE

• U.S. Retailers will report monthly sales today.

• Nokia to expand mobile device production in China.

• In a speech yesterday President Bush refused to set a time table on Iraq.

• Carl Icahn who owns 3% of Time Warner stock talking lawsuit in the companies process of bidding for it's American Online unit.

• Crude Oil is currently $57.12 per barrel.

• Wholesale Gasoline is $1.49 per gallon.

• Natural gas is back up to $12.53 per unit.

• Gold strong this morning up to $499.50 per ounce.

Budd Foxx