Before the Bell 6/10/2008

[0:00]" Time for our before the bell stock report WBZ financial editor Dave Crusoe in this morning good morning Dave morning Deborah all right we're digesting these trade deficit numbers scientists how big is it."

[0:10]" All their big yard sixty point nine billion dollars big -- a surprise were blaming oil for a lot of that wheat imported developed a four point 5% more goods and services on the other side we actually exported three point 3% which is a 155 billion which is. Actually taking advantage of the weaker dollar so that helps a little bit but we're also talking about faster inflation and -- notes. It's not quite so intimidating you can talk about inflation adjusted numbers are because it was only up 110 of a percent if you take into consideration which is the lowest in five years. But again looking at oil that's weighing on the market pretty heavily this morning -- total world a couple of dollars at 136 plus. We're having some talk from Fed folks in the talk about inflation talks. Because again -- buy part of higher oil prices for the Boston had sponsored the meeting this morning and the FOMC associate of strongly resisting you where we should no longer term inflation expectations and but at the inflation would be an angry indeed. Stabilizing and which -- difficult to pick an interest to raise interest rates much total potentially near Boston because Eric rose -- grad who's who's talking about. Spikes in energy inflation is literally had minor effects on inflation is low wages are a far bigger probably talk about recession that doesn't really -- a lot of pricing pressure when people are buying and if you're afraid of losing your job then you're probably not going to ask for a raise so all of these things to try to make things you'll get better but almost definitely went on the market right now it is in each. Down fourteen point six we got -- Dow down 86 Nasdaq down. 49 point eight in the right now -- local about it don't want to dollars and 877."

[1:42]" We are not the only ones watching inflation possible blow -- China to."

[1:46]" BL you know we we -- talking about slowing fast money hear the United States as well -- China one of the fastest ways to do is increase interest rates which. We're not doing and yet but another ways to have the bankers raise their reserve requirements and that happened to China earlier this morning so. Markets took a bit of -- hit because borrow money is leveraging and you know we've heard a lot of talk here about the hedge funds -- thirty dollars for every one dollar of their own money. Well you can see that little moved in value could cause a big. -- in a hurry if these things happened so we even hurdle will be -- nobody -- hit those bets you're not always right so China's got -- things up to."

[2:22]" And let those who want to do the job."

[2:24]" A Tracinda which is octogenarian Kirk Kerkorian pulpit he's buying more Ford's stock is by about twenty million more shares. Always have to pay a little bit more for the stock ready dollars and fifty cents on the stock is only about 636 so sometimes you buy bigger you don't get a discount Hewlett-Packard also took on dealt pretty well another ticket got Apple because they're introducing a line under ultra thin laptops that. Trying to compete with that the MacBook air and -- finally discover financial discover card they want six billion dollars in damages from visa and MasterCard for. Anticompetitive practices and visas there's another group claims are overstated MasterCard says it's baseless. While I feel good look -- the credit card companies."

[3:01]" Decorate how how if I don't know I don't know Dana thanks so much we'll do and I in the markets here. Throughout the day"