Morning News

• Futures are pointing to a lower open this morning.

• European markets are trading lower so far today.

• Asian markets closed lower.

• Crude oil is currently $68.41 per barrel.

• Wholesale gasoline is $2.23 per gallon.

• Natural gas fallen to $7.34 per unit.

• Gold up just a bit to $657.00 per ounce.

• IPO Blackstone Group set to begin trading at $31.00 per share symbol is BX.

• Starbucks CFO saying meeting top end of 2007 profit forcast will be difficult. The stock is trading at a 20 month low.

• Senate has voted to up the fuel mileage standard to 35 miles per gallon for automakers. This is the first increase of size in years.

• General Motors announcing we will see more of Tiger Woods promoting OnStar.

Budd Foxx