Morning News Thursday June 7th 2007
General News: - News of the day: The 10-year Treasure Note yield is above 5%. The cross above this psychological number spells trouble for stocks. - Jobless claims fell 1,000 to 309,000. However a fall to 312,000 was expected. Continuing claims rose to 2.535 million. Only 2.5 million was expected. - Mortgage company, Freddie Mac, reported that the 30-year, fixed-rate mortgages averaged 6.53 percent this week, a 10-month high, which is up sharply from 6.42 percent last week. - Philadelphia Media Holdings L.L.C. is interested in joining a bid for the Dow Jones & Co., publisher of The Wall Street…