Morning News
Futures are pointing to a much lower open this morning.
European markets are trading lower today.
In Tokyo the Nikkei 225 did end lower at a 26 month low.
Crude oil has pulled back to $92.92 per barrel.
Wholesale gasoline is $2.33 per gallon.
Natural gas is sitting at $8.29 per unit.
Gold is at $891.00 per ounce.
Trade gap for the month of November will be released at 8:30 this morning.
December import price index will be released at 8:30 this morning.
Yesterday's action saw the Dow close 117 points higher, the Nasdaq gained 14 points, and the S&P got back just over 11 points.
Ben Bernanke yesterday stating aggressive rate action could be needed.
Bank of America to buy Countrywide Financial for a reported $4 billion.
American Express warning it may take a $440 million charge in the fourth quarter.
Merrill Lynch reportedly to report a loss of $15 billion due to mortgage investments.
Budd Foxx
European markets are trading lower today.
In Tokyo the Nikkei 225 did end lower at a 26 month low.
Crude oil has pulled back to $92.92 per barrel.
Wholesale gasoline is $2.33 per gallon.
Natural gas is sitting at $8.29 per unit.
Gold is at $891.00 per ounce.
Trade gap for the month of November will be released at 8:30 this morning.
December import price index will be released at 8:30 this morning.
Yesterday's action saw the Dow close 117 points higher, the Nasdaq gained 14 points, and the S&P got back just over 11 points.
Ben Bernanke yesterday stating aggressive rate action could be needed.
Bank of America to buy Countrywide Financial for a reported $4 billion.
American Express warning it may take a $440 million charge in the fourth quarter.
Merrill Lynch reportedly to report a loss of $15 billion due to mortgage investments.
Budd Foxx
posted by Gordengekko at 7:14 AM
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