Friday, November 16, 2007

Morning News

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

European markets are trading lower today.

In Tokyo the Nikkei 225 did end lower.

Crude oil is back up to $94.12 per barrel.

Wholesale gasoline is $2.35 per gallon.

Natural gas is $7.72 per unit.

Gold has fallen to $789.00 per ounce.

October industrial production numbers will be released at 9:15 this morning.

Yesterday's action saw the Dow give back 120 points, the Nasdaq lost 25 points, and the S&P gave back 19.

Government to open military air space for commercial flights in an effort to ease delays in holiday travel.

Rio Tinto reportedly thinking of a counterbid for BHP Billiton.

Starbucks cuts earnings growth forcast, and will now begin advertising on television.

In Sports A-Rod reportedly reaching a tentative ten year deal worth about $275 million with the New York Yankees.
Barry Bonds indicted for federal perjury and obstruction of justice.

Budd Foxx

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