Morning News

Futures are pointing to another down day.

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

European markets are trading to the downside today.

In Tokyo the Nikkei 225 did end the day lower giving back over 500 points.

General Motors set to release delayed fourth quarter report today.

Lehman Brothers will be releasing quarterly report today.

Hewlett Packard Company to host annual shareholder meeting today.

CEO of Citigroup Charles Prince will recieve $26 million for his services in 2006.

Leaders from GM, Toyota, DaimlerChrysler, and Ford will be speaking before Congress today.

GlaxoSmithKline has recieved FDA approval for advanced breast cancer drug Tykerb.

Crude oil up just slightly this morning to $58.22 per barrel.

Wholesale gasoline is now $1.94 per gallon.

Natural gas remains just below $7.00 per unit.

Gold pulling back once again to $643.00 per ounce.

Budd Foxx