Morning News

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

• The Lundberg Survey of 7,000 gas stations shows a rise of 24 cents per gallon of gasoline over the past two weeks.

• New Bin Laden tape surfaces claiming the U.S. is waging war on Islam.

• Cendant Corp. planning to sell its travel bussiness.

• General Electric in talks to sell its U.K life insurance unit for up to $1 billion.

• Merck & Company has lost a second straight trial. The Texas jury found the company liable in the heart attack death of a man using Vioxx.

• Saudi Arabia willing to release more oil if demand calls for it.

• Crude Oil pulling back just a bit current price is $74.57 per barrel.

• Wholesale Gasoline is $2.22 per gallon.

• Natural Gas hanging around $8.00 per unit.

• Gold pulling back just a bit to $630.00 per ounce.

Budd Foxx