Tuesday, August 28, 2007

Morning News

Futures are pointing to another lower open this morning.

European markets are trading lower today.

In Tokyo the Nikkei 225 did end lower.

Crude oil back above $72.00 per barrel.

Wholesale gasoline is $2.03 per gallon.

Natural gas is $5.43 per unit.

Gold is sitting at $677.00 per ounce.

Consumer confidence for the month of August will be released at 10:00 this morning.

FOMC minutes will be out at 2:00 this afternoon.

Credit card defaults on the rise in the first half of the year.

Inventory of homes for sale reaching a 15 year high.

Medco Health Solutions to buy PolyMedica Corp.

Merril Lynch downgrades Bear Stearns, Lehmon Brothers, and Citigroup this morning.

Warren Buffet raising his stake in Burlinton Northern Santa Fe.

Budd Foxx

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