Morning News

• Futures are pointing to a lower open this morning.

• February Retail Sales expected to show a dip of .8%

• Comcast Corp. in talks to buy remaining 40% stake of Entertainment Television Inc. from the Walt Disney Co.

• FDA Panel rejects Eli Lilly Companies cancer drug Gemzar for the treatment in advanced ovarian cancer.

• International Energy Agency lowers it's world demand for oil by 16% due to high oil product prices.

• Procter & Gamble expects sales growth to come in at 5% to 6% which is at the low end of previous forcast.

• Google Inc. and Volkswagon reportedly developing a navigation system.

• Anheuser Busch Inc. to be the U.S. importer of Asia Pacific Breweries brand Tiger Beer. The stock has been upgraded this morning at Bear Stearns.

• U.S Agriculture Dept. has confirmed a case of Mad Cow Disease on a farm in Alabama.

• Crude Oil is $61.62 per barrel.

• Wholesale Gasoline is $1.76 per gallon.

• Natural Gas has moved up just a bit to just over $7.00 per unit.

• Gold down this morning to $544.00 per ounce.

Budd Foxx