MORNING NEWS

DJIA/SPX Futures flat with NDX futs down a bit on MSFT;

In the news:

PPI and Core PPI come in right at consensus of -.6% and +.2% as rates fall further to 4.666% on the 10 year;

Housing starts 1408k v 1600k consensus;

MSFT getting hit in overseas trading on the heels of some bearish comments by Ballmer MSFT gapping down 1.5%;

WSJ reporting possible criminal charges against execs at AAPL BRCM KLAC and MFE relating to options backdating.

C reiterates Buy on GOOG and $600 target- and number 1 long idea- firm views current valuation a very attractive risk reward;

B of A upgrades CL to buy with a target of $74; RL profiled in IBD; AAPL and CSCO extend IPHONE negotiations;

HON announces a New $3B share repurchase program;

PAAS - proven and probable reserves up 20% -35.4 Million ounces added;

Barron's Online with a nice review of RDEN;

Bernstein on $30 crude;

Hassan at SGP looking for acquisitions;

Cramer bullish on BBI MRVC YHOO MOV BHP RIO PII CCK NOK PG IP PRU ALL;

Cramer bearish on WMT ARNA BMC C;