Before The Bell 11/15/2007

[1:20] ..." problems they're but the market really didn't care we also got the New York manufacturing survey that was actually very solid -- things -- a little bit we did get a little bit negative news so again we have these weekly job claims and they picked up a little bit so kind of accommodation committed to. Markets feeling a little uncertain so right now we get the it's -- down about 11 Dow was down 57 Nasdaq down 18 oil prices that's good they're down about -- to 90 -- 93. -- gold looks a quick cracked 800 on the way down this"...

[1:58] ..." us -- probably has something to do with all the the subprime -- pick -- one of those jobs filled in the financial area this morning they got a a new guy at Merrill Lynch and his name is John -- and he's it has been around awhile you used to work for Goldman Sachs he -- the guy who computerized the New York stock exchange and recently had a couple. That organization -- orchestrated a lot of good strategic worldwide mergers and the goodness this is -- really smart -- kind of -- is what they called a conservative he's going to be dealing with a lot of brokers over there -- so you know we -- because there's -- retail -- and we'll see -- ultimately they're -- and so -- we'll see what -- also begun taking over to New York stock exchange -- Euronext but in the -- they -- his -- also Citigroup -- the one that they still have that job but"...

[0:12]" Well you know it's it's been a couple of rocketed into Iraq -- rock and roll over the last couple weeks and you know the group could. Didn't we didn't today I guess that for a few rock despite some good. Securities used that I looked over the bad news so were worried about the holiday shopping season and unfortunately JC Penney came up this morning there. Their net was down about 9% and more importantly they've knocked down their outlooks so that looked good this week trying to think of all the things that are going on them in the markets in all were developed. And again even -- Walmart came out with much better news -- a much bigger company markets reacting to bad news so we're down on that also the technology companies. Which have been a bit of a -- lately applied materials that such a company that basically makes the equipment that makes the chips that we all use and that's down about 4% this morning. -- they said their sales looked to be down about 18% so I think that's. Causing a locust all the markets particularly the good aspect which has been pretty good this year good news economic stuff we got inflation numbers out yesterday wholesale numbers are pretty good today because. Consumer numbers are pretty good is that CPI's of about three tenths of a percent pretty much in line we look at the core number which takes out energy June crude was up two tenths of -- percent so those numbers look pretty good and had no problems they're but the market really didn't care we also got the New York manufacturing survey that was actually very solid -- things -- a little bit we did get a little bit negative news so again we have these weekly job claims and they picked up a little bit so kind of accommodation committed to. Markets feeling a little uncertain so right now we get the it's -- down about 11 Dow was down 57 Nasdaq down 18 oil prices that's good they're down about -- to 90 -- 93. -- gold looks a quick cracked 800 on the way down this time schooled them 19 -- this morning -- 7 --"

[1:51]" You know that care what they were and what they called retired and we're talking about the guys at Merrill Lynch and Citigroup from the a lot of us -- probably has something to do with all the the subprime -- pick -- one of those jobs filled in the financial area this morning they got a a new guy at Merrill Lynch and his name is John -- and he's it has been around awhile you used to work for Goldman Sachs he -- the guy who computerized the New York stock exchange and recently had a couple. That organization -- orchestrated a lot of good strategic worldwide mergers and the goodness this is -- really smart -- kind of -- is what they called a conservative he's going to be dealing with a lot of brokers over there -- so you know we -- because there's -- retail -- and we'll see -- ultimately they're -- and so -- we'll see what -- also begun taking over to New York stock exchange -- Euronext but in the -- they -- his -- also Citigroup -- the one that they still have that job but they also have a -- will be hearing more in the future amounts."