Morning News

Futures are pointing to a much lower open

Dow futures are currently down 380 points

In Japan the Nikkei 225 closed up .93%

In Hong Kong the Hang Seng closed down 0.2%

European markets are down 4-5%

Lehman says it will file for Bankruptcy

AIG seeks $40 billion in funds

Bank of America buys Merrill Lynch for 50 Billion

More layoffs seen on Wall Street

Empire State Mfg Survey (Sep , 2008)

Industrial Production (Aug , 2008)

Crude Oil is $97 per barrel

Gold is trading higher and is $779 per ounce