Friday, January 25, 2008

Morning News

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

European markets are trading higher so far today.

In Tokyo the Nikkei 225 did close much higher.

Crude oil just above $90.00 per barrel.

Wholesale gasoline is $2.29 per gallon.

Natural gas is sitting at $7.85 per unit.

Gold is on the move current price is $921.00 per ounce.

Yesterday's action saw the Dow gain 108 points, the Nasdaq added 44 points, and the S&P finished 13 points higher.

Microsoft quarterly results show a 81% jump in profit, and lifts 2008 forcast.

Sun Microsystems quarterly profit nearly doubles.

A report is outthat Wilbur Ross is in talks to buy Ambac Financial.

Alan Greenspan reportedly defending subprime mortgages saying they were well worth the risk.

President Bush pushing for quick response to economic stimulus package presented.

Budd Foxx

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