Morning News

• Futures are up this morning pointing to a higher open today.

• Energy Dept will release oil inventories at 10:30 this morning.

• Federal Reserve expected to pause for the second straight meeting this afternoon.

• European markets trading slightly higher today. In Tokyo the Nikkei 225 saw a decline.

• Oracle Corp. reports a very strong quarter.

• Yahoo Inc. warns on advertising revenue.

• Airbus reportedly ready to delay delivery date of the jumbo jet A380 up to six more months.

• DaimlerChrysler to cut retail deliveries by as much as 24%

• Toyota Motor Corp. goal is to sell 9.8 million vehicles in 2008.

• Microsoft plans Xbox 360 and high definition DVD player release in Africa, and India this week.

• Crude oil has dropped below $61.00 per barrel.

• Wholesale gasoline is below $1.50 per gallon.

• Natural gas remains just under $5.00 per unit.

• Gold continues to slide. Current price is $579.00 per ounce.

Budd Foxx