Morning News

• Futures are pointing to a higher open this morning.

• Gross Domestic Product figures for the second quarter to be released at 8:30 this morning.

• The University of Michigan final reading of consumer sentiment will be released just before 10:00 this morning.

• European markets are trading slightly lower this morning. In Tokyo the Nikkei 225 was up another 1.1% today.

• Wal-Mart Stores selling 85 stores in a move to exit Germany.

• Bristol Myers Squibb saying they are the subject of an antitrust probe.

• Exxon Mobil post second quarter profit of just over $10 billion.

• Google Inc. reaches settlement in click fraud case.

• Crude oil is $74.00 per barrel.

• Wholesale gasoline currently $2.28 per gallon.

• Natural gas back above $7.00 per unit.

• Gold flat at this point current price is $629.00 per ounce.

Budd Foxx