Morning News

• Futures are up pointing to a higher open this morning.

• October Factory Orders this morning.

• Also this morning is the Q3 revised Productivity Report.

• Verizon Communications to cut management pension benefits.

• UBS lifts target price on Apple Computer to $86.00 a share up from $74.00 per share.

• General Motors Corp. to sell up to $20 billion in auto loans to Bank of Nova Scotia.

• Major snowstorm in the Northeast turns out to be just a taste of what is to come. Many forcast called for more snowfall than what was delivered. Cold Temps have settled in.

• Crude Oil is down just a bit this morning to $59.60 per barrel.

• Wholesale Gasoline is $1.57 per gallon.

• Natural Gas has also pulled back from yesterday's highs to a current price of $13.40 per unit.

• Gold remains strong at $512.80 per ounce.

Budd Foxx