Morning News

Futures are pointing to a flat to slightly lower open this morning.

The Fed will release a statement on interest rates at 2:15 this afternoon after two days of meetings.

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

European markets are flat to a bit lower so far today.

In Tokyo the Nikkei 225 was closed for trading.

Oracle Corp. out with better than expected earnings.

Starbucks annual meeting to be held today.

Australia's Virgin Blue to purchase six Boeing aircraft.

Reports are out that Motorola is leading the way to buy Palm.

North Korea continues to stall when it comes to nuclear talks.

Morgan Stanley will release earnings today.

New contract on crude oil trading at $59.59 per barrel.

Wholesale gasoline is $1.95 per gallon.

Natural gas remains just a tick under $7.00 per unit.

Gold is up to $661.00 per ounce.

Budd Foxx