As The Dollar Drops

Good morning. We start the new trading week with positive futures after a big rally in overseas markets, strength in commodities and new highs in gold as the dollar drops again. There's no major economic data for the market to worry about today.

Top headlines include agreement among the G20 to keep the stimulus going, five more U.S banks fail, Geithner shoots down talk of a new transactions tax, China hopes U.S. keep its deficit to appropriate size, House passes historic healthcare bill, famed short-seller James Chanos recommends dumping munis, the insider trading probe expands to include Steven A. Cohen's SAC Capital Advisors, the head of Goldman Sachs said banks do God's work, and Hurricane Ida threatens Gulf of Mexico's oil output. Finally, we also have some M&A activity at Northrop Grumman, Kraft and T. Rowe Price.

Read more of my premarket report.