Morning News

Futures are pointing to a flat to slightly higher open this morning.

European markets are trading higher today.

In Tokyo the Nikkei 225 did end higher.

Weekly jobless claims will be out at 8:30 this morning.

May Producer Price Index will be released before the open this morning.

Energy Dept. will release natural gas inventories at 10:30 this morning.

Crude oil is currently $66.54 per barrel.

Wholesale gasoline back up to $2.16 per gallon.

Natural gas pulling back to $7.62 per unit.

Gold sitting at $653.00 per ounce.

Goldman Sachs and Bear Stearns set to release quarterly earnings today.

Google Inc. to open research center in Shanghai on June 25th.

Colgate Palmolive reportedly has found fake toothpaste in four states. The fake toothpaste may contain a poisonous chemical diethylene glycol.

Sanofi Aventis has diet drug Rimonabant rejected by FDA advisors.

L-3 Communications and Boeing win $2 billion contract with U.S. military.

Shoplifting, employee theft, and office errors add up to over $3 billion a year at Wal-Mart Stores.

Budd Foxx