Monday, April 17, 2006

Morning News

  • Futures are pointing to a flat to slightly lower open.
  • Crude Oil topped $70.00 a barrel in Asia on fears of declining gasoline stocks , supply disruptions in Nigeria, and Iran. This is the highest level oil has reached since hurricane Katrina.
  • Canada has confirmed a case of Mad Cow disease at a farm in British Columbia.
  • Due to the 15th of April falling on a weekend, in most states today is the deadline for filing your tax return.
  • Hovnanian Enterprises Inc. buying CraftBuilt Homes. The move expected to expand business in coastal areas of South Carolina and Georgia.
  • Honda Motor Company to begin selling natural gas powered car in New York at the end of this summer. These vehicles are alredy available in California.
  • Crude Oil is $69.76 per barrel.
  • Wholesale Gasoline remains high at $2.11 per gallon.
  • Natural Gas just above $7.00 per unit.
  • Gold making new 25 year highs current price $609.20 per ounce.
Budd Foxx

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