Friday, July 20, 2007

Morning News

Futures are pointing to a slightly weaker open at this point in the morning.

European markets are trading slightly lower to flat today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is sitting just above $76.00 per barrel.

Wholesale gasoline is $2.20 per gallon.

Natural gas back above $6.70 per unit.

Gold is currently $6.76 per ounce.

The Dow managed to close yesterday above 14,000 for the first time.

Ben Bernanke warns subprime mortgage defaults could top $100 billion.

Google quarterly profit up 28% which was light of expectations. Wuarterly revenue saw a increase of 57%.

Microsoft lifts forward guidance after in line quarter.

General Motors sells 2.41 million vehicles from April through June leading all automakers.

Latest book in the Harry Potter series going on sale at midnight. Amazon has recieved pre-orders for 1.4 million books.

Caterpillar, Citigroup, and Wachovia leading the way on the earnings side today.

Budd Foxx

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