Morning News

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

• OPEC leaders meeting today and are expected to leave output unchanged. They may cut output next month if demand weakens.

• ConocoPhillips reportedly in negotiations to buy oil and gas producer Burlington Resources Inc.

• Viacom's Paramount Pictures reaches agreement to purchase DreamWorks in a deal worth $1.6 billion.

• Delta Airlines Inc. reaches deal with the union representing 6,100 pilots. The pilots have agreed to pay cuts.

• Credit Suisse first Boston is latest to bump up Google Inc. price target to $475 per share from $400 per share. Google Inc. will also be joining the Nasdaq 100 Index this month.

• Crude Oil is currently $59.80 per barrel.

• Wholesale Gasoline is $1.61 per gallon.

• Natural Gas is $14.64 per unit.

• Gold is trading at 25 year highs. Currently the price of gold is $541.10 per ounce.

Budd Foxx