Morning News

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

• Weekly Oil Inventories to be released this morning.

• Existing Home Sales also to be released today.

• World Economic Forum begins in Davos Switzerland today.

• Walt Disney to buy Pixar in a $7.4 billion deal.

• NetFlix Inc. reported after the bell last night that 4th quarter profit was up 6 times higher than a year ago due to increased subscriber revenue. The stock did trade up in after hours trading last night.

• Johnson & Johnson did not offer a bid to Guidant before a midnight deadline set. Boston Scientific looks to be the winner in this takeover battle.

• Microsoft Corp. legal challenge of the Europeans 2004 antitrust ruling will be heard by the European court in April.

• Kerr McGee to sell it's Gulf of Mexico stakes.

• Crude Oil is $66.65 per barrel.

• Wholesale Gasoline is $1.72 per gallon.

• Natural Gas currently $8.76 per unit.

• Gold is up this morning to $563.00 per ounce.

Budd Foxx