Morning News

• Futures are up this morning ahead of the data on wholesale level inflation.

• New York City transit strike haults subways and buses around the city forcing up to 7 million people to find other ways around the city.

• Wal-Mart Stores Inc. revealed a new criminal probe by the U.S. Attorney in LA. over violations of the Resource Conservation and Recovery Act.

• Carl Icahn telling Time Warner's board that allowing Google Inc. a 5% stake in AOL would only stand in the way of more lucrative deal.

• Flow International chosen to supply multiple waterjet cutting systems to SanDisk Corp.

• American International Group looking to purchase property in Tokyo for as much as $3.4 billion.

• Honda Motor Company expects 2005 global vehicle sales to be up by 5% over the previous year.

• Boeing has landed another contract for as many as 30 to 40 aircraft over the next 5 years.

• Crude Oil is $57.53 per barrel.

• Wholesale Gasoline is currently $1.53 per gallon.

• Natural Gas right around $14.00 per unit.

• Gold is up just a bit this morning to $509.90 per ounce.

Budd Foxx