Morning News

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

Durable goods orders for August will be released before the open today.

August new home sales will be released at 10:00 today.

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

Dow Jones Industrial Average needs 54 points to break 11,722 which would be a new record high.

General Motors reportedly wants multi-million dollar payment for any partnership with Nissan and Renault.

Jabil Circuit stating first quarter revenue could come in better than expectations.

Federal judge limits Advanced Micro Devices lawsuit against Intel Corp.

Arnold Schwarzenegger to sign bill that will not allow California utilities to sign long term contracts with coal fired power plants.

Andrew Fastow recieves 6 years for his role in the Enron scandal.

Jury has ruled in favor of Merck & Company in latest Vioxx trial.

Golfing great Byron Nelson has passed away at the age of 94.

Crude oil back up to $61.52 per barrel.

Wholesale gasoline is $1.50 per gallon.

Natural gas is $4.38 per unit.

Gold making it's way back up towards $600.00 per ounce.

Budd Foxx