Morning News

• Futures are pointing to a flat to slightly lower open this morning.

• Weekly Jobless Claims will be released before the market opens this morning.

• Leading indicators for September will be released at 10:00 this morning.

• October Philidelphia Fed Survey will be released at noon today.

• Energy Dept. will release natural gas inventories at 10:30 this morning.

• European markets are trading to the downside today. In Tokyo the Nikkei 225 did end the day lower.

• Apple Computer saw big sales of its iPod and Macintosh computers. The company earned $546 million or 62 cents per share which was above expectations.

• Boeing signs $1.07 billion contract with the U.S. Airforce. The company will build military satellites if approved by Congress.

• Wal-Mart Stores to expand its reduce price on generic prescription plan to 14 more states.

• Coca Cola out with strong earnings. The company also plans to buyback $2 billion to $2.5 billion in stock.

• Nissan Motor Company to recall 130,000 vehicles due to an ignition problem.

• Crude oil is down to $57.75 per barrel.

• Wholesale gasoline is $1.46 per gallon.

• Natural gas back up to $6.83 per unit.

• Gold just above $590.00 per ounce.

Budd Foxx