Tuesday, December 19, 2006

Morning News

Futures are down this morning pointing to a lower open.

Chain store sales weekly update due for release this morning.

Producer price index for the month of November will be released before the open this morning.

Housing starts and building permit figures for the month of November will be released at 8:30 this morning.

European markets are trading to the downside today. In Asia markets ended the day much lower.

Ebay Inc. and Tomo Online reportedly to create a web site to replace eBay's old site in China.

US Airways reportedly is willing to pay more for Delta Air Lines if they can show the company is worth more than there current offer.

Honda Motor Company expects record sales globaly this year looking to sell 3.55 million vehicles.

Health officials issue warning on Genentech's and Biogen's drug Rituxan.

Crude oil is $61.87 per barrel.

Wholesale gasoline is $1.65 per gallon.

Natural gas just above $7.00 per unit.

Gold is $620.00 per ounce.

Budd Foxx

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