Morning News

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

• Weekly jobless claims to be released at 8:30 this morning.

• Energy Dept. to release natural gas inventories at 10:30 this morning.

• Philidelphia Fed Survey will be released at noon today.

• Markets close up yesterday ending eight straight sessions to the downside for the Nasdaq.

• Mens U.S. Open golf tournament gets started this morning.

• Philips Electronics to buy Intermagnetics for $1.3 billion.

• Airlines looking for compensation, and reconsidering orders due to the delay in Airbus's delivery of the A380.

• Volcano Corp. prices IPO at $8.00 per share. The stock will trade on the Nasdaq with the symbol (VOLC)

• Crude Oil back up to $69.76 per barrel.

• Wholesale gasoline is $2.05 per gallon.

• Natural gas is currently $6.57 per unit.

• Gold up a bit to $577.00 per ounce.

Budd Foxx