Monday, November 19, 2007

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 is $94.67 per barrel.

Wholesale gasoline is $2.39 per gallon.

Natural gas just above $8.00 per unit.

Gold is $790.00 per ounce.

A short week and light volume expected with Turkey Day on Thursday.

Friday's action saw the Dow gain 66 points, the Nasdaq ended up 18 points and the S&P gained 7 points.

The Lundberg survey is out with gas prices jumping 13 cents on average over the past two weeks.

OPEC saying no changes in oil output expected.

Goldman Sachs cuts Citigroup to a sell on fears of more write-offs.

A report was out over the weekend stating AT&T is currently working on a bid for EchoStar.

Xerox Corp. to declare its first dividend in 6 years.

Budd Foxx

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