Friday, February 29, 2008

Morning News

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

European markets are trading lower today.

In Tokyo the Nikkei 225 did close lower.

Crude oil is sitting at $102.00 per barrel.

Wholesale gasoline is $2.48 per gallon.

Natural gas is now $9.41 per unit.

Gold has made its way up to $970.00 per ounce.

January personal income data to be released this morning.

Chicago manufacturing report set for release today.

Final report on February consumer confidence also set for release this am.

Yesterday's action saw the Dow give back 112 points, the Nasdaq lost 22 points, and the S&P closed 12 points lower.

Dell Inc. reports a 6% drop in fourth quarter profit.

American International Group reports a $5.29 billion fourth quarter net loss.

Microsoft reportedly cutting price of its operqating system Vista.

Baidu.com reportedly set to start IM service.

Wilbur Ross to invest $1 billion in Assured Guaranty.

Budd Foxx

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