Morning News

• Futures are to the flat side this morning pointing to a slightly lower open.

• Weekly Oil Inventories released today at 10:30 am.

• September ISM Nonmanufactoring Report also to be released today.

• Delphi (DPH) reportedly set to file for bankruptcy as early as this week.

• General Motors (GM) and the United Auto Workers Union near a deal which would cut General Motors yearly health care cost by as much as $1 billion.

• Apple Computer planning an event to unveil it's new iPod which will display videos.

• Boeing (BA) 3rd quarter aircraft deliveries fall to a 10 year low.

• A recent survey conducted predicts $34.4 billion in claims will be filed due to damage caused by hurricane Katrina.

• Earnings Watch: (AYI) (BCF) (RI) (SLR) and (YUM)

• Crude Oil currently $64.00 per barrel.

• Wholesale Gasoline $2.01 per gallon.

• Natural Gas is up slightly this morning holding well above $14.00 per unit.

• Gold down slightly this morning currently$468.00 per ounce.

Budd Foxx