Automobile Concerns

Hurricane Katrina will reduce the gross domestic product from 1/2 to 1 percent according to government estimates today while costing approximately 400 thousand people jobs. Meanwhile, the Department of Energy thinks oil production will be normal in November,which pushed oil below $65 a barrel today. In other news, Ford and Toyota announced recalls today totaling almost 5 million cars. Dow +44.26 NASDAQ +5.17 S&P 500 +2.97