Morning News

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

• Producer Price Index data to be released today.

• Federal Resreve Chairman Ben Bernanke spoke after the market close yesterday. Nothing really unknown came out of his statements. The FOMC will be meeting on March 27th and 28th.

• Oracle earns 42% more than a year ago, but only saw a rise of 4% from new database licenses.

• Reports are out that Level3 Communications may get a bid to be bought by BEA Systems for around $10 billion.

• Target now expects March sales to come in up 1.5% to 2.5% previous forcast called for a rise of 1% to 3%

• Electronic Arts upgraded this morning at Merrill Lynch.

• Volvo to buy 13% stake in Nissan Diesel for $196 million.

• Crude Oil pulling back to just above $60.00 per barrel.

• Wholesale Gasoline is $1.81 per gallon.

• Natural Gas is $6.75 per unit.

• Gold pulling back a bit this morning current price is $553.00 per ounce.

Budd Foxx