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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
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