Morning News

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

• GDP data to be released today.

• Weekly jobless claims also due to be released today.

• The U.N. Security Coucil giving Iran 30 days to clear up suspicions that it is seeking nuclear weapons.

• Google Inc. to sell more shares in an effort to absorb the demand from index funds following the joining of the S & P500.

• Biogen Inc. and Elan Corp. to resume clinical trials of it's drug Tysabri after finding no new potentially fatal side effects in patients.

• Federal regulators approve Whirlpool Corp's acquisition of Maytag Corp.

• GlaxoSmithKline announcing today it is starting a clinical trial program to test two vaccines to fight against the H5N1 virus.

• Nasdaq Stock Market has pulled it's $4.2 billion bid for the London Stock Exchange.

• Crude Oil is $66.55 per barrel.

• Wholesale Gasoline continues to move higher current price is $1.96 per gallon.

• Natural Gas is $7.52 per unit.

• Gold continues to rip current price is $579.00 per ounce.

Budd Foxx