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[0:59] ..." their expectations by a little bit. And no local we've got an analog devices they double the first quarter profits -- They've got a lot of that was due to some of the gains and a couple of businesses and economic front we've got this Thursday weekly job pulling numbers out they sell again down 9000 in terms of the new jobless claims so that's the -- and about a month and has more good news on the jobs side. And that really weren't a little bit is simple we took the Wall Street Journal this morning the front cover again is back in the minds of worry about inflation from those CPI inflation numbers just that now they're talking stagflation and we haven't -- that a long time but. This morning the markets don't care about stagflation in the at least for the moment because this could be futures -- We get to -- 48 that Netflix up eighteen and after a low oil prices -- a little bits around ninety dollars and a gold will fly to get -- and pointed -- almost ninety you know."...
[2:23] ..." Let's go back to that word you just use stagflation. "...
[2:31] ..." you really kind of seen that problem and I was at a high school so much that was really where I was -- equipment I. What we're looking at this. Stagnant economy. And runaway inflation and"...
[0:00]" Time for our before the bell stock report WBZ financial editor -- Chris I was in this morning good morning David good morning -- markets looking at a good start home."
[0:09]" We are you know it's kind of a good thing that -- startled like that over the last few days. When we seem to have a good start -- finished a political. And it yesterday we had a bad start and a good shares started our I don't know what to root for the mortgage -- that they at all the same day anyway it's we look at the markets today we're getting a little bit of help well we got an upgrade this morning from Cisco the technology company -- Citigroup upgraded it. Pretty much in line with what Hewlett-Packard did yesterday that helped the markets -- little bit for the technology companies. Also rhythm there -- blackberry champs so that's stock's up almost 10% this morning. Is that expectancy net new subscribers in the fourth quarter somewhere between 1520% so. More people are hooked on this thing despite some of the black heritage is that they've had recently were still using a JC Penney there are with their net income they're down a little bit the same store sales two point 3% it looks like they beat their expectations by a little bit. And no local we've got an analog devices they double the first quarter profits -- They've got a lot of that was due to some of the gains and a couple of businesses and economic front we've got this Thursday weekly job pulling numbers out they sell again down 9000 in terms of the new jobless claims so that's the -- and about a month and has more good news on the jobs side. And that really weren't a little bit is simple we took the Wall Street Journal this morning the front cover again is back in the minds of worry about inflation from those CPI inflation numbers just that now they're talking stagflation and we haven't -- that a long time but. This morning the markets don't care about stagflation in the at least for the moment because this could be futures -- We get to -- 48 that Netflix up eighteen and after a low oil prices -- a little bits around ninety dollars and a gold will fly to get -- and pointed -- almost ninety you know."
[1:45]" David to the municipal bond market that some help there."
[1:49]" Yeah they had this really don't lot of press lately and some concern on the -- bond market through the recently talked about auction rate bonds and in Tripoli readings of those insured municipals the latest is that. Is that hedge fund company try to put the plan together for the insurer MB IAA but -- BI is saying no Coke at this guy bill Ackermann who run potential and so we really want to do split itself up. And then protect his own negative bets in this state so I think we are going to see those a lot of creative ways to fix these credit markets in the probably a lot of work out options that are going to be exploded this what this morning doesn't look like it's worked out."
[2:23]" Let's go back to that word you just use stagflation. "
[2:26]" You know I -- wonder if it's going to happen I mean anything it's possible you're gonna go back to the seventies before you really kind of seen that problem and I was at a high school so much that was really where I was -- equipment I. What we're looking at this. Stagnant economy. And runaway inflation and in what's changed I think in the world today is that it's it is a global economy each were outsourcing a whole lot more of this labor. A lot of what we saw the seventies was this labor pushed going to outsource some of that sort of control and we can have worldwide growth and inflation is a natural event of growth now. Four point 3% as what the number was just -- CPR. I went back this morning a look at some of the numbers now in 79 and eighty it was twelve and 13% but -- that long ago it differently to worry about I'm somewhat involved in the investment world the world worried about anything but right now I don't think this is it."
[3:11]" All right -- we won't worried that David thanks some"
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