Morning News

• Futures are pointing to a lower open this morning.

• Quarterly GDP data to be released at 8:30 this morning.Consumer Sentiment , and Chicago PMI also on tap for release today.

• Microsoft Corp. profit up for the quarter, but forcast for for current fiscal quarter and year to be below expectations.

• Yesterday Ben Bernanke spoke and again hinted to at least a pause in rate increases in the future.

• Elan Corp. announcing that a committe of the European Medical Agency has issued a possitive opinion for the drug Tysabri.

• Chevron Corp. and Petronas Carigali win exploration rights for offshore oil block in Vietnam.

• Crude Oil continues to pull back current price is $70.67 per barrel.

• Wholesale Gasoline has also pulled back a bit to $2.05 per gallon.

• Natural gas currently $6.80 per unit.

• Gold up just a bit here current price is $640.40 per ounce.

Budd Foxx