Tuesday, May 16, 2006

Morning News

  • Futures are down once again this morning pointing to a lower open.
  • Producer Price Index to be released today.
  • Housing Starts will also be released today.
  • Industrial Production data for April will be released today.
  • President Bush made prime time address to the country last night. He talked immigration and the possibility of the National Guard protecting our borders.
  • United States removes Libya from its list of terrorist sponsors.
  • Ecuador terminates contract with Occidental Petroleum Corp. a contract that was worth up to 7% of oil and gas production in the first quarter.
  • BellSouth saying they have not given the government access to any of its customers call records. Reports yesterday stated that BellSouth, AT&T, and Verizon had turned over records to the government.
  • Crude Oil is currently $69.60 per barrel.
  • Wholesale Gasoline is $2.06 per gallon.
  • Natural Gas just over 6 bucks per unit.
  • Gold pulled back yesterday to $684.00 per ounce.
Budd Foxx

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