Morning News

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

• Second quarter GDP to be released at 8:30 this morning.

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

• European markets are trading slightly higher. In Tokyo the Nikkei 225 was down just a bit.

• Google's CEO Eric Schmidt has been elected to the board at Apple Computer.

• Costco Wholesale Corp. expects weaker than previously forcasted fourth quarter.

• Novell Inc. reviewing its stock option grants, and may delay filing quarterly results.

• AT & T Inc. stating their system was hacked and some personal information was stolen from its customers.

• Ernesto makes landfall in southern Florida as weak tropical storm.Forcasters have the storm crossing the state entering the Atlantic heading for the Carolina's.

• Crude oil is back over $70.00 per barrel.

• Wholesale gasoline is currently $1.80 per gallon.

• Natural gas is $6.68 per unit.

• Gold is $622.00 per ounce.

Budd Foxx