Monday, November 26, 2007

Morning News

Futures are pointing to a higher open at this point in the am.

European markets are trading higher today.

In Tokyo the Nikkei 225 did close higher.

Crude oil is $98.30 per barrel.

Wholesale gasoline up to $2.46 per gallon.

Natural gas is just below $8.00 per unit.

Gold has made its way back up to $833.00 per ounce.

Friday's action saw the Dow gain 181 points, the Nasdaq was up 34 points, and the S&P got back 23 points.

Black Friday sales to be better than expected according to reports.

Today expected to be a huge day for online shoppers.

Phillips Electronics to buy Genlyte for a reported $2.7 billion.

Airbus to sell 160 commercial jets to China for $14.8 billion.

E Trade Financial reportedly in talks to sell itself.

Studios and movie writers to resume contract talks today.

Fire in Malibu California at 70% contained according to reports.

In sports the New England Patriots improve to 11-0 after just getting past the Philidelphia Eagles last night 31-28.

Budd Foxx

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