Morning News

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

• Leading indicators for May to be released at 10:00 this morning.

• Weekly jobless claims will also be released this morning.

• Natural gas inventories to be released by the Energy Dept. at 10:30 this morning.

• U.S. and British agencies investigating British Airways for alleged price fixing.

• Ford Motor Co. reportedly stating the company is expecting to reach goals set for 2008.

• KFC has opened its first restaurant in Vietnam. Plans more openings in the future.

• Sanyo and Nokia have dropped plans for a mobile phone venture.

• House committee approves offshore drilling plan. The legislation would also allow states to stop drilling close to their coastlines.

• Crude oil back up to $70.95 per barrel.

• Wholesale gasoline is $2.08 per gallon.

• Natural gas remains around $6.50 per unit.

• Gold has made it back to $594.00 per ounce.

Budd Foxx