Morning News

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

• Consumer Price Index data to be released today.

• Weekly oil inventories to be released at 10:30 this morning.

• Best one day gain for the markets in a year on hopes interest rate hikes are nearly complete.

• Yesterday after the bell International Business Machines, Yahoo Inc, Texas Instruments, and Illumina Inc. all beat the street on earnings reports.

• Pinnacle Entertainment Inc. working on a deal to acquire Aztar Corp.

• Google Inc. teaming up with Cognos in enterprise search.

• Chinese president Hu Jintao dines with Bill Gates last night, and is expected to tour Boeing today.

• Crude Oil is $70.97 per barrel.

• Wholesale gasoline $2.20 per gallon.

• Natural gas up to $7.91 per unit.

• Gold is up again current price is $629.00 per ounce.

Budd Foxx