Morning News

• Futures are pointing to a flat to slightly higher open.

• Weekly oil inventories will be released this morning by the Energy Dept.

• J.Crew to start trading on the New York Stock Exchange today under the symbol (JCG)

• Merrill Lynch upping oil price forcast from 2006 to 2008.

• Honda Motor Co. has chosen Indiana for its new facility.

• General Motors Corp. predicts U.S. sales will decline this year. The company also stating they will bring back some incentive programs.

• Diamler Chrysler to bring the "smart car" here to the U.S.

• Crude oil remains just above $72.00 per barrel.

• Wholesale gasoline remains high at $2.19 per gallon.

• Natural gas just above $6.00 per unit.

• Gold is currently $588.00 per ounce.

Budd Foxx