Morning News

• Futures are pointing to a higher open this morning.

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

• Monthly Auto Sales data to be released today.

• Personal Income, Consumer Spending, and Construction Spending to be released.

• CBS Corp. suing Howard Stern for breach of contract. They are claiming he used CBS airtime tp promote his move to Sirius Satellite Radio.

• Reports are out Pfizer Inc. arthritis drug Celebrex doubles the risk of heart attacks.

• Apple Computer unveils new iPod home stereo box, and Mac Mini.

• J.P Morgan cutting earnings estimates on Intel Corp. for 2006, and 2007.

• Crude Oil up just a bit this morning to $61.85 a barrel.

• Wholesale Gasoline is $1.60 per gallon.

• Natural Gas currently $6.75 per unit.

• Gold up slightly to $566.20 per ounce.

Budd Foxx