Morning News

• Futures are pointing to a higher open this morning.

• Consumer Price Index will be released before the open this morning.

• Housing starts for the month of September will be released at 8:30 this morning.

• Building permit figures will also be released at 8:30 this morning.

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

• European markets are trading to the upside today. In Tokyo the Nikkei 225 ended the day higher.

• Yahoo Inc. net sales rise, but the company reported a 37% drop in profit. The company also did announce a $3 billion share buyback plan.

• International Business Machines Corp. trading higher after releasing earnings yesterday.

• Motorola trading lower after reporting a below forcast number in sales.

• Carnival Corp. to increase quarterly dividend.

• Honda Motor Company now selling business jets here in the United States.

• Crude oil is back down to $58.57 per barrel.

• Wholesale gasoline is $1.46 per gallon.

• Natural gas back up to $6.45 per unit.

• Gold is currently $595.00 per ounce.

Budd Foxx