Morning News

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

• Natural Gas Inventories to be released today.

• November Personal Spending to be released as well today.

• Weekly Jobless Claims also today.

• OPEC likes oil in the $45.00 to $55.00 dollar range and may cut output next month if demand weakens.

• European Commission telling Microsoft it faces daily fines if the company doesn't do more to comply with it's antitrust punishment.

• U.S Mortgage Applications fall to 11 month lows.

• Albertson's Inc. terminates talks with group that offered $9.6 billion for the supermarket.

• New York's transit strike enters third day. Management and Union leaders are meeting today.

• Crude Oil is up a bit this morning to $59.23 per barrel.

• Wholesale Gasoline is currently $1.55 per gallon.

• Natural Gas is $14.21 per unit.

• Gold is $498.30 per ounce.

Budd Foxx