Monday, October 30, 2006

Morning News

  • Futures are pointing to a lower open this morning.

Consumer spending for September will be released at 8:30 this morning.

September personal income will also be released this morning.

European markets are trading to the downside today. In Tokyo the Nikkei 225 was sharply lower.

Wal Mart Stores Inc. post weakest monthy same store sales since December 2000.

Merrill Lynch upgrades Yahoo Inc. to a buy from nuetral.

American Power Conversion Corp. to be bought by Schneider Electric for $6.1 billion.

Nigerian plane crash kills 96 people. This is the third deadly crash in the country over the past year.

ST Louis has been named the most dangerous city in the country.

First U.S. beef shipment has arrived in South Korea. The country banned U.S. beef back in 2003.

In Iraq the number of soldiers killed this month has reached 100.

Crude oil dipping to $59.63 this morning.

Wholesale gasoline is $1.55 per gallon.

Natural gas is currently $7.68 per unit.

Gold up to $606.00 per ounce.

Budd Foxx

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