Morning News

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

• Weekly chain store sales due out today.

• Dell Computer lowers its first quarter forcast.

• General Motors upgraded at Deutsche Bank this morning.

• Mittal Steel ready to increase bid for Arcelor if the company recommends a bid.

• BHP Billiton agrees to sell Southern Cross Fertilizers.

• Iranian president sends letter to President Bush. Reportedly the letter doesn't resolve questions about its nuclear program.

• Crude Oil is currently $69.95 per barrel.

• Wholesale gasoline is $2.00 per gallon.

• Natural gas remains around $6.50 per unit.

• Gold up just a bit to $684.00 per ounce.

Budd Foxx