Morning News

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

• Weekly oil inventories to be released this morning.

• Feb. Empire State manufactoring survey to be released today.

• Jan. industrial production numbers to be released today.

• Ben Bernanke to make his first speech today as Federal Reserve Chairman. He will be speaking with The House Financial Services Committee.

• Late yesterday the Senate voted against the Asbestos Bill.

• Nasdaq Stock Market planning to create a new market tier for companies with higher listing standards.

• Eli Lilly & Company will not pursue U.S. approval for it's drug Yentreve/AriClaim.

• Crude has dipped below 60 bucks to $59.76 per barrel.

• Wholesale Gasoline is $1.40 per gallon.

• Natural Gas down to $7.16 per unit.

• Gold is currently $550.10 per ounce.

Budd Foxx