Friday Week in Review August 18, 2006

[0:00] ..." Every Friday this time we take a look at this week on Wall Street. Well our financial expert David Caruso from coastal capital and in -- hello David -- give a smile on your face."...

[0:16] ..." ask you for the bigger reason. Tell me about this week in Wall Street five in a row that is that's a that's a good record we haven't seen this sort of finish but the nasdaq"...

[0:49] ..." going to be -- soft landing we're not going to have that stagflation which means slower growth in rising inflation. And it also got a lot of help from low oil prices easing up a little -- there's still pockets of that occurred from Prudhoe bay -- we get this cease fire in the"...

[1:53] ..." for the year. Good good good surprised story is continued to be Hewlett Packard took over 30% superstar earnings all the way through. They not the biggest stock buyback and its CEO markers -- a great"...

[0:00]" Every Friday this time we take a look at this week on Wall Street. Well our financial expert David Caruso from coastal capital and in -- hello David -- give a smile on your face."

[0:15]" I'm like -- ask you for the bigger reason. Tell me about this week in Wall Street five in a row that is that's a that's a good record we haven't seen this sort of finish but the nasdaq since 2002 what happened."

[0:26]" Well you know low last week there was a -- that was kind of news but the -- to a new life in the inflation numbers of -- that inflation and we saw the wholesale numbers they were very good CPI -- very good shows that things are slowing down but not too slow again we still have a big worry about a hard landing when things get too slow but I think today's feeling in this week's feeling with those numbers and it looks like it's going to be -- soft landing we're not going to have that stagflation which means slower growth in rising inflation. And it also got a lot of help from low oil prices easing up a little -- there's still pockets of that occurred from Prudhoe bay -- we get this cease fire in the mideast it's a very good earnings coming out. And granted that this sentiment was -- just a little -- this week housing over produced a little bit weaker but I think we derided the last couple weeks the month you're going to -- not a lot happening now it could be -- a lot of data coming out -- data centric but I think this week is just feel really good about things. -- get a lot of the a lot of wall streeters collect meet the vertical on vacations that we have to worry too."

[1:38]" There was great -- Quebec the male potency that now. You wouldn't have recognized that it can look at bill this week which got hit by like the perfect storm where. There earnings were lousy -- at the battery recall the SEC's look at the books they've been down about 25% or so for the year. Good good good surprised story is continued to be Hewlett Packard took over 30% superstar earnings all the way through. They not the biggest stock buyback and its CEO markers -- a great -- that really helped the markets. Microsoft also did pretty well they're doing some big -- this week. And the company the biggest company in the world that makes the machine that make the chips supplied materials. Also had some good numbers so something's going on the aspect and that's telling you growth story and that it was the Cape May be your size of these technologies accident beat up so bad this year."