Morning News

• Futures are pointing to a flat open this morning.

• Data on Durable Goods to be released today.

• New York City transit strike is over, contract negotiations to continue.

• California jury awards $172 million to 116,00 Wal Mart employees whose lunch break rights were violated. Wal Mart plans to appeal this verdict.

• Ford motor company reaches health care deal with United Auto Workers which will save the company nearly $1 billion a year.

• International Bussiness Machines and Siemens AG reportedly close to landing deal to upgrade information technology of the German military.

• Singapore Air reportedly to pick Boeing for $10 billion contract.

• Crude Oil is currently $58.07

• Wholesale Gasoline is $1.53 per gallon.

• Natural Gas has pulled back to $12.50 per unit.

• Gold is $505.00 per ounce.

Budd Foxx