Monday, October 29, 2007

Morning News

Futures are pointing to a higher open this morning.

European markets are trading higher so far today.

In Tokyo the Nikkei 225 did end higher.

Crude oil is sitting just under $93.00 per barrel.

Wholesale gasoline is $2.29 per gallon.

Natural gas is $7.25 per unit.

Gold is on the move again current price is $796.00 per ounce.

Most expectations call for a rate cut when the Federal Reserve meets on Wednesday.

The euro reaching new highs against the U.S. dollar.

Merrill Lynch CEO Stanley O'Neil reportedly on his way out at the company.

Humana, Verizon, Kellogg, Winn Dixie, Radio Shack, and Loew's just a few of the companies set to report earnings today.

Office Depot to delay quarterly results.

In sports the Boston Red Sox swept the Colorado Rockies 4-0 winning game four last night 4-3 in Colorado.

Budd Foxx

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