Morning News
Futures are pointing to a lower open this morning.
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end lower.
Crude oil pulling back just a bit to $92.52 per barrel.
Wholesale gasoline is $2.30 per gallon.
Natural gas sitting just below $8.00 per unit.
Gold pulling back just a bit to $787.00 per ounce.
The Fed will begin two days of meetings today. Most expectations call for a rate cut which will be announced on Wednesday.
October consumer confidence will be released this morning.
Google reportedly close to releasing plans for the cell phone market. A phone is expected to be available by the middle of 2008.
Laurence Fink is a name that keeps popping up to replace Stan O'neal at Merrill Lynch.
CEO at KB Home Jeffrey Mezger believes home prices in California could drop another 10-15 percent over the next 18 months.
Budd Foxx
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end lower.
Crude oil pulling back just a bit to $92.52 per barrel.
Wholesale gasoline is $2.30 per gallon.
Natural gas sitting just below $8.00 per unit.
Gold pulling back just a bit to $787.00 per ounce.
The Fed will begin two days of meetings today. Most expectations call for a rate cut which will be announced on Wednesday.
October consumer confidence will be released this morning.
Google reportedly close to releasing plans for the cell phone market. A phone is expected to be available by the middle of 2008.
Laurence Fink is a name that keeps popping up to replace Stan O'neal at Merrill Lynch.
CEO at KB Home Jeffrey Mezger believes home prices in California could drop another 10-15 percent over the next 18 months.
Budd Foxx
posted by Gordengekko at 7:05 AM
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