Morning News

• Futures are flat look to a slightly higher open.

• April International Trade numbers out this morning at 8:30 am.

• May Import Prices also to be released this morning at 8:30 am.

• May Federal Budget also due out today.

• Eli Lilly (LLY) agrees to pay 690 million dollars to settle Zyprexa claims.

• Reports are out that Toyota Motor Corp. (TM) plans to bump up the price on the cars they sell here in the U.S by 2 to 3 percent this fall.

• Piper Jaffray ups price target on Intel Corp. (INTC) to $32.00 a share up from $30.00

• JP Morgan adds Dupont (DD) to it's focus list with a target price of $55.00 per share over the next 12 months

• Oil trading at $54.00 per barrel.

• Gold still around $425.00 mark.

Budd Foxx