Wednesday, April 18, 2007

Morning News

Futures are pointing to a slightly lower open this morning.

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

European markets are trading lower so far today.

In Tokyo the Nikkei 225 did end higher.

Yahoo Inc. reports earnings of $142 million or 10 cents per share which was below expectations.

Intel Corp. beats the street with a 19% increase in net income.

Motorola Inc. earnings down sharply from one year ago.

System failure at Research In Motion leaves BlackBerry users without e-mails.

Mortgage applications come in lower for the 5th week in a row.

Crude oil is $62.61 per barrel.

Wholesale gasoline is $2.04 per gallon.

Natural gas $7.39 per unit.

Gold hanging at $692.00 per ounce.

Budd Foxx

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