Morning News

Futures are pointing to a very weak open this morning.

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

February durable goods orders will be released at 8:30 this morning.

European markets are trading to the downside today.

In Tokyo the Nikkei 225 did experience a down day.

Ben Bernanke will be before congress today.

Hank Paulson will testify today on the 2008 budget.

Beazer Homes under investigation for lending practices.

Ford Motor Company and Sony reach long term deal.

Abercrombie & Fitch to join the S&P 500.

General Motors will not be one of the companies bidding on Chrysler.

Microsoft to release high end version of Xbox 360 at the end of April.

Crude oil spiking up to $64.72 per barrel.

Wholesale gasoline is up to $2.11 per gallon.

Natural gas is $7.68 per unit.

Gold up to $667.00 per ounce.

Budd Foxx