Morning News

• Futures are up pointing to a higher open this morning.

• Weekly Oil Inventories to be released this morning.

• Commerce Dept. to release final 3rd quarter GDP data today.

• Google Inc. and Time Warner's unit AOL make it official Google Inc. will pay $1 billion for 5% stake in the company.

• General Electric and partners in talks to buy Ardin Realty Inc.

• Kirk kerkorian sells 12 million GM shares taking his stake in the company to just under 8%

• Calpine Corp. files for Chapter 11 Bankruptcy Protection.

• Transit Strike in New York City continues today Mayor of the city said the strike cost the city up to $400 million dollars a day.

• Crude Oil is currently $58.30 per barrel.

• Wholesale Gasoline is $1.51 per gallon.

• Natural Gas Inventories will be released on Thursday morning current price is $14.10 per unit.

• Gold pulls back a bit to $496.20 per ounce.

Budd Foxx