Morning News

• Futures are pointing to a weaker open.

• The Federal Open Market Committee meeting taking place today. Another rate hike is expected to be annouced at 2:15 this afternoon.

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

• The Euro and Yen making new multi-month highs against the dollar.

• Walt Disney saw its profit rise 12% in latest quarter.

• Baidu.Com ripped last night in after hours trading on earnings report.

• Nintendo to launch new gaming system in the fourth quarter of this year.

• Gold at a price it hasn't seen since 1980. Current price is $704.00 per ounce.

• Crude Oil is $70.74 per barrel.

• Wholesale gasoline currently $2.04 per gallon.

• Natural gas is $6.63 per unit.

Budd Foxx