Morning News

• Futures are set for flat to slightly weaker open this morning.

• January Consumer Confidence figures to be released today.

• Federal Open Market Committee expected to announce it is upping interest rates by a quarter point. The statement to be released at 2:15 this afternoon.

• President Bush to deliver the State of The Union speech tonight.

• Google to report earnings today. Reports are out that the company is also looking for an alliance or an acquisition of Napster.

• Microsoft Corp. saying a federal district court in Arizona has dismissed infringement claims against the company.

• No change in store for oil production announced this morning by OPEC.

• Crude Oil is $68.00 per barrel.

• Wholesale Gasoline is $1.76 per gallon.

• Natural Gas $9.37 per unit.

• Gold continues to move higher current price is $571.00 per ounce.

Budd Foxx