Morning News

• Futures are pointing to a flat to slightly higher open this morning.

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

• Existing home sales will also be released this morning.

• European stock markets are trading higher today. The Nikkei 225 ended the day up 1.4%

• BP reports 30% rise in profit on oil prices and refinery operations.

• Japan expected to approve imports of U.S. beef this week.

• In California record usage of electricity being reported on high temps. No relief today while temps. expected to be avove 100 degrees again.

• Crude oil moving higher again current price is $75.38 per barrel.

• Wholesale gasoline on the rise as well price is $2.32 per gallon.

• Natural gas is currently $6.71 per unit.

• Gold moving up a bit to $622.00 per ounce.

Budd Foxx