Morning News

• Futures are down just a bit this morning pointing to a slightly lower open.

• June consumer confidence to be released at 10:00 this morning.

• Existing home sales will also be released at 10:00 this morning.

• General Motors saying deals are in place for up to 35,000 workers to leave the company.

• Delphi Corp. saying 12,000 workers have accepted early retirements.

• Cephalon stating its drug Gabitril did not show effectiveness in treating anxiety disorder.

• General Mills increasing quarterly dividend to 35 cents per share.

• Barr Pharmaceuticals to buy drugmaker Pliva for $2.2 billion.

• Univision Communications has agreed to sell the company for $12.3 billion.

• Crude oil on the move current price is $72.20 per barrel.

• Wholesale gasoline has jumped up to $2.18 per gallon.

• Natural gas remains at $6.00 per unit.

• Gold is up just a bit to $591.00 per ounce.

Budd Foxx