Morning News

• Futures are down just a bit this morning pointing to a slightly lower open.

• Weekly jobless claims will be released this morning before the open.

• July personal income will also be released this morning.

• July consumer spending figures will also be released before the open.

• July factory orders also due for release.

• European markets are slightly lower today. While in Tokyo the Nikkei 225 saw a gain of 1.7%

• GoldCorp. makes offer to buy Glamis Gold for $8.6 billion.

• Harrah's Entertainment has made a $530 million offer for London Clubs International.

• Tropical storm Ernesto making its way back to the open waters of the Atlantic, and bearing down on the Carolina's.

• Hurricane John currently a category 3 storm pounding the Mexican coast.

• With the U.N. deadline running out today it is expected that Iran's president will not give in on his countries nuclear program.

• Crude oil up a bit to $70.65 per barrel.

• Wholesale gasoline is $1.81 per gallon.

• Natural gas just above $6.00 per unit.

• Gold back up to $630.00 per ounce.

Budd Foxx