Morning News

• Futures are flat this morning pointing to a slightly weaker open.

• September International Trade today.

• October Federal Budget 2pm today.

• Preliminary November Consumer Sentiment 10 am.

• October Import Prices also out this morning.

• Weekly Jobless Claims also to be released this morning.

• China is now reporting two new outbreaks of the Bird Flu.

• General Motors (GM) to restate 2001 earnings. The company believes it overstated 2001 profits by up to $400 million.

• Air Canada has renewed a $6 billion contract with Boeing (BA)

• Yahoo Inc. (YHOO) reportedly out of the running for Time Warner's AOL.

• Pfizer Inc. (PFE) being probed by the US Dept. of Justice for some of it's payments to physicians

• Crude Oil dipping lower this morning to $58.55 per barrel.

• Wholesale Gasoline also down a bit to $1.53 per gallon.

• Natural Gas is currently $11.70 per unit.

• Gold is $468.60 per ounce.

Budd Foxx