Morning News

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

• Weekly jobless claims will be released at 8:30 this morning.

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

• European markets are trading to the upside here today.

• In Tokyo the Nikkei 225 ended the day up to reach levels it has not seen in 6 years.

• Whole Foods Market Inc. has agreed to buy Wild Oats Market for $565 million.

• Apple Computer and Cisco Systems have settled iPhone trademark dispute.

• Toll Brothers first quarter net income down nearly 67% from the same time period one year ago.

• Nintendo's Wii leads the way for gaming consoles in the month of Jan. selling 436,000 units.

• American Airlines to expand coverage in and out of New York.

• Crude oil is sitting just under $60.00 per barrel.

• Wholesale gasoline is up to $1.70 per gallon.

• Natural gas is $7.60 per unit.

• Gold is $681.00 per ounce.

Budd Foxx