Morning News

Futures are pointing to a flat open at this point this morning.

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

Weekly jobless claims will be out before the open this morning.

December consumer price index will be released at 8:30 this morning.

Housing start numbers for December will be released today.

Philly Fed survey for January on tap as well today.

Ben Bernanke to testify before the Senate Budget Committee at 10:00 this morning.

Apple Computer's profit jumps about 78% but second quarter outlook a bit below expectations.

U.S. dollar sitting at highest levels agains the yen since early 2003.

A study is out showing big tobacco has increased nicotine levels in cigarettes by nearly 11% over 7 years.

Crude oil sitting just below $52.00 per barrel.

Wholesale gasoline is $1.37 per gallon.

Natural gas $6.28 per unit.

Gold sitting at $633.00 per ounce.

Budd Foxx