Morning News

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

• Data on personal incomes to be released at 8:30 this morning.

• Consumer spending will also be released at 8:30 today.

• June consumer sentiment will be released at 10:00 this morning.

• Chicago PMI Index due for release just before 10:00 this morning.

• Apple Computer reportedly will investigate stock option grants.

• Microsoft to delay the release of its next version office suite of business software.

• Research In Motion posted a 35% rise in sales, and meets high end expectations.

• EMC Corp. to buy RSA Security for $2.1 billion.

• Lunch with Warren Buffett sells for $620,000 All the the money from the auction will go to charity. Last year the winner paid just over $350,000 for the lunch.

• Space shuttle preparing for launch over the weekend.

• Serious flooding continues over parts of the northeast.

• Crude Oil up to $73.54 per barrel.

• Wholesale gasoline seeing prices it hasn't seen in about 9 months. Current price is $2.28 per gallon.

• Natural gas just above $6.00 per unit.

• Gold is moving to the upside. Current price is $602.00 per ounce.

Budd Foxx