Morning News

• Futures are pointing to a mixed open this morning. The Nasdaq futures are to the downside on Yahoo Inc. earnings released after the bell last night.

• Consumer Price Index to be released this morning.

• Energy Dept. will release oil inventories at 10:30 this morning.

• June housing starts also will be released today.

• European markets are trading to the upside this morning. The Nikkei 225 also closed to the upside.

• Ben Bernanke will be speaking to Congress today.

• Yahoo Inc. shares drop in after hours trading last night on earnings report, and 3rd quarter forcast.

• Illumina Inc. traded higher in after hours trading due to a good earnings report.

• BP to shut down 12 oil wells in Alaska. There are serious concerns that major leaks are taking place in many of the companies wells.

• Crude oil currently $73.00 per barrel.

• Wholesale gasoline is $2.24 per gallon.

• Natural gas is below $6.00 per unit.

• Gold pulling back to $621.00 per ounce.

Budd Foxx