Friday, November 02, 2007

Morning News

Futures are pointing to a flat to slightly lower open this morning.

European markets are trading lower today.

In Tokyo the Nikkei 225 took a hit lower.

Crude oil back up to $94.20 this morning.

Wholesale gaoline is $2.35 per gallon.

Natural gas is up to $8.63 per unit.

Gold is sitting at $793.00 per ounce.

Highly anticipated jobs report will be released at 8:30 this morning.

Factory orders for the month of September will be released at 10:00 this morning.

Ysterday's sell off resulted in the S&P giving back 40 points, the Nasdaq lost 64 points and the Dow taking a 362 point turn lower.

NYSE Euronext profit up on strong summer volume.

Las Vegas Sands earnings come in well below analyst expectations.

Five board of directors at Affiliated Computer Services resign suddenly.

Electronic Arts to cut 350 jobs. The company lifts forcast for current quarter. Deutsche Bank downgrades the stock to a sell.

Hollywood writers meeting today a strike could follow as early as this weekend.

Budd Foxx

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