Morning News

• Futures are pointing to a lower open this morning.

• European markets are trading to the downside today, while in Tokyo the Nikkei 225 was down slightly.

• Iran stating they will not suspend uranium enrichment program as U.N. deadline nears.

• Friday after the close Pilgrim's Pride offered to buy Gold Kist Inc.

• Ford Motor Company to cut vehicle production in North America by as much as 21%

• Ex-auditors for Boeing are alleging the company used faulty parts in its 737 airplane.

• BHP Billiton has lifted wage offer to striking workers at the Escondido Mine.

• EuroZinc Mining and Lundin Mining Corp. have agreed on a merger.

• In sports Tiger Woods won the PGA Championship over the weekend.

• Crude oil is moving up here the current price is $71.86 per barrel.

• Wholesale gasoline is $1.91 per gallon.

• Natural gas is currently $6.61 per unit.

• Gold is up a bit today. The current price is $631.00 per ounce.

Budd Foxx