Morning News

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

• Weekly Oil Inventories to be released at 10:30 this morning.

• DuPont has come out and warned on there 4th quarter earnings.

• Apple Computer unveils new IMacs using Intel chips much earlier than expected.

• UBS raises Apple Computer's price target to $100.00 per share previous price target was $86.00 a share.

• Whole Foods Market to rely on wind energy for all of it's electricity needs. This makes the company the largest corporate user of renewable energy in the U.S.

• Genetech reported after the bell last night earnings were up 64% but sales of Avastin came in weak. The stock was downgraded by Merrill Lynch this morning.

• Reports are out that Johnson & Johnson considering a new bid for Guidant.

• Air India places an order with Boeing for 68 aircraft.

• Crude Oil is $63.49 per barrel.

• Wholesale Gasoline $1.73 per gallon.

• Natural Gas is $9.31 per unit.

• Gold is currently $544.70 per ounce.

Budd Foxx