Morning News

• Futures are pointing to a weaker open this morning.

• Weekly oil inventories to be released at 10:30 this morning.

• Mortgage Applications down again for the week ending March 17th.

• Microsoft Corp. saying next version of Windows Operating System will not be available until January of 2007. This expected to hurt companies like Hewlett Packard, Dell, and Gateway but could benefit Apple Computer due to the fact that Apple does not use the Windows operating system.

• Bristol Myers Squibb and Sanofi Aventis reach settlement with Apolex Corp.

• The FDA to take more time to review Tysabri. Elan Corp. and Biogen were hoping to have the drug back on the market in early summer. The FDA saying they could take up to 90 more days to review.

• President Bush speaking yesterday American forces to stay in Iraq for years, and the next president will decide when they come home.

• Crude Oil is $62.09 per barrel.

• Wholesale gas remains high at $1.80 per gallon.

• Natural Gas is $6.88 per unit.

• Gold just below $550.00 per ounce.

Budd Foxx