Morning News

• Futures are pointing to a higher open this morning.

Existing home sales for for August will be released at 10:00 this morning.

European markets are trading to the upside today. In Asia markets ended the day pretty much unchanged.

Nissan Motor Company, and General Motors reportedly to meet and hold talks this week.

Toyota Motor Corp. has 22nd monthly gain in a row as production was up over 17 % in August.

The Lundberg Survey of 7,000 gas stations has the price of gas dropping 24 cents over the past two weeks.

Airforce has decided to postpone contract worth up to $20 billion. Competing for the contract is Boeing Company and Northrop Grumman Corp.

Google Inc. reportedly has plans for new shopping feature.

Superior Energy Services reaches a deal to purchase Warrior Energy Services.

Sony Corp. looking to see if their batteries played a roll in a Lenova laptop fire.

E.coli breakout from spinach has made its way to 25 states.

In sports the European team just smoked the Americans in the Ryder Cup over the weekend.

Crude oil has fallen just below $60.00 per barrel.

Gasoline has made its way down to $1.45 per gallon.

Natural gas is now $4.46 per unit.

Gold is currently $594.00 per ounce.

Budd Foxx