Morning News

Futures are pointing to a weak start to the day.

European markets are trading lower so far today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is up to $70.32 per barrel.

Wholesale gasoline is $2.27 per gallon.

Natural gas has slipped to $6.71 per unit.

Gold back up to $653.00 per ounce.

May personal income figures will be released at 8:30 this morning.

Consumer spending for the month of May will also be released at 8:30 this morning.

June Chicago PMI set for release just after the open.

Construction spending for the month of May will be out at 10:00 this morning.

Consumer sentiment also set for release at 10:00 this morning.

The federal Reserve as expected left interest rates unchanged.

Former HealthSouth CEO Richard Scrushy sentenced to 6 years in prison.

The FDA is haulting shipments of 5 different kinds of farm raised fish from China.

Big day for Apple Computer as they are set to release the iPhone today. Two versions of the phone will be available one for $499.00 the other $599.00

Research In Motion shares surged last night in after hours trading on quarterly results. The company also announced a 3 for 1 stock split.

Budd Foxx