Morning News

• Futures are down this morning pointing to a lower open.

• Weekly Oil Inventories to be released this morning.

• Commerce dept. to release International Trade Report this morning.

• FPL Group Inc. is in merger talks with Constellation Energy Group.

• Boeing wins contract from Australian Airline Qantas. The initial order is for 65 planes at a price of about $7.5 billion.

• Novelo Inc. reporting it has gotten FDA approval for a Phase 3 trial of Alfimephase ant- blood clot treatment.

• Crude Oil remains above $60.00 a barrel currently $61.42 per barrel.

• Wholesale Gasoline is $1.64 per gallon.

• Natural Gas has pulled back just a bit to $15.20 per unit.

• Gold has also pulled back to $515.00 per ounce.

Budd Foxx