Morning News

Futures are pointing to a higher open this morning.

Home builders index will be released at 1:00 this afternoon.

European markets are trading higher so far today.

In Tokyo the Nikkei 225 did see a nice rebound.

Airbus A380 set to make first trans Atlantic flight today.

Disney will open retail location in India.

Nortel Networks expects flat to slightly lower revenue for 2007.

Goldman Sachs has upgraded DaimlerChrysler this morning.

Nokia Corp. has filed complaints against Qualcom Inc. in Germany and the Netherlands.

MySpace to launch politics channel in hopes to attract younger generation involved in politics.

3,600 flights grounded over the weekend after winter storm blankets the northeast with snow and ice.

Crude oil is currently $56.76 per barrel.

Wholesale gasoline remains high at $1.91 per gallon.

Natural gas holding just under $7.00 per unit.

Gold is $654.00 per ounce.

Budd Foxx