Morning News Thursday June 14th 2007
General News: - Producers Price Index rose 0.9%, which is larger than most were expecting. This increase is a reflection of gasoline prices, which rose 10.3%. However, the PPI ex-food and energy was only 0.2%, a modest rise from the flat reading the economy had in April. - Jobless claims are at 311,000 and continuing claims are 2.487 million. Claims were expected at 312,000 and continuing at 2.503 million. - Of the sectors tracked in the PPI, autos fell 0.2%, drugs rose 0.4%, tobacco was unchanged, capital equipment rose 0.1%, and food, the biggest surprise, fell 0.2%. - OPEC says…