Morning News

• Futures are up just a bit this morning pointing to a higher open.

• Second quarter current account deficit will be released today.

• Association of Homebuilders will release housing market index for September.

• Asian markets traded higher today. European markets are also up slightly today.

• Reports are out this morning that General Motors and Ford have held merger talks.

• Wal-Mart Stores Inc. reportedly to offer credit card in China. This marks the first foreign retailer to do so.

• Citizens Communications agrees to buy Commonwealth Telephone Enterprises Inc.

• YouTube Inc. and Warner Music Group have inked an advertising deal.

• Anousheh Ansari has pays $20 million to become first private female visitor to the space station. Liftoff was today in Russia.
• E-coli breakout found in raw spinach has been reported in 18 states now. 109 cases have been reported with 1 death confirmed.

• Crude oil remains just below $64.00 per barrel.

• Wholesale gasoline is $1.57 per gallon.

• Natural gas down to $4.86 per unit.

• Gold is $588.00 per ounce.

Budd Foxx