Morning News

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

• January retail sales to be released today.

• Dick Cheney given a warning citation for not having a $7 stamp allowing him to shoot game birds. This comes after the Vice President shot one of his hunting partners.

• General Motors to spend $500 million on upgrades to five of it's facilities in Michigan.

• Nokia Corp. and Sanyo to join forces in making cell phones for the U.S. market.

• Nortel Networks has signed a three year deal to provide wireless network services and equipment to Cingular.

• Crude Oil is pulling back a bit current price is $60.93 per barrel.

• Wholesale Gasoline is $1.41 per gallon.

• Natural Gas remains just above $7.00 per unit.

• Gold is $543.80 per ounce.

Budd Foxx