Morning News

Futures are pointing to a flat open this morning.

European markets are mixed so far today.

Crude oil is $65.16 per barrel.

Wholesale gasoline is currently $2.12 per gallon.

Natural gas hanging around $7.70 per unit.

Gold has slipped to $648.00 per ounce.

May retail sales figures will be released at 8:30 this morning.

May import and export prices will also be out at 8:30 this morning.

Business inventories for the month of April will be released at 10:00 this morning.

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

Fed beige book will be out at 2:00 this afternoon.

Bond yields on the 10 year reach a five year high at 5.32%

Mortgage Bankers Association weekly survey shows a rise of 6.6% in mortgage applications last week.

Callaway Golf files lawsuit against Fortune Brands in patent dispute.

The U.S. Open for mens golf kicks off from Oakmont on Thursday.

Budd Foxx