Morning News

Futures are pointing to a rough start to the new week.

European markets are taking a hit so far today.

In Tokyo the Nikkei 225 did end lower.

Crude oil is just below $90.00 per barrel.

Wholesale gasoline is $2.29 per gallon.

Natural gas is sitting at $7.92 per unit.

Gold up to $919.00 per ounce.

December new home sales numbers will be released at 10:00 this morning.

Fed decision on interest rates due for release on Wednesday.

Friday's action saw the Dow give back 171 points, the Nasdaq lost 34 points, and the S&P gave back 21 points.

Lundberg survey of gas stations around the country show on average the price of gaoline fell 9 cents per gallon.

Alywin Lewis CEO at Sears Holding Corp. reportedly set to step down.

Angelo Mozilo CEO at Countrywide Financial reportedly will give up $37.5 million severance deal.

Barack Obama takes South Carolina Primary.

In sports over the weekend Tiger Woods made his debut for 2008 season by winning the tournament out in Southern California.

Budd Foxx