Before the Bell 6/18/2008

[0:00] ..." Time for hours before the bell stock report Bob Powell market watches in this morning I'm Bob good morning to you -- What's happening this morning to set the stage for our business day."...

[0:11] ..." looks like the markets are set to open no lower as low oil prices continue to rise and and the earnings of some very high profile companies on wall. So you've -- oil prices they're up modestly -- 130000 barrel and that's the head of a government report that's expected to show that a drop in crude oil inventories. And apparently investors are weighing whether it be expected production increases and the saudis the Saudi Arabia -- enough to. Went right in global demand into the meeting scheduled in in non Saudi Arabia's Sunday."...

[1:41] ..." the -- cholesterol treatment. And let's see what else is that another drug company and then in merger in the works sit at these events as is that -- the that the by since Tuesday. And apparently just like. Just like budget it would get into the Erika manufacturing business. And then lastly evoke a hopeful because it's not Northwest Airlines just said that rising air oil prices is taking its toll on the airlines and the cup. -- by 8%. Notes they cut -- and hasn't been news link"...

[0:00]" Time for hours before the bell stock report Bob Powell market watches in this morning I'm Bob good morning to you -- What's happening this morning to set the stage for our business day."

[0:10]" Oh well -- had been used but it looks like the markets are set to open no lower as low oil prices continue to rise and and the earnings of some very high profile companies on wall. So you've -- oil prices they're up modestly -- 130000 barrel and that's the head of a government report that's expected to show that a drop in crude oil inventories. And apparently investors are weighing whether it be expected production increases and the saudis the Saudi Arabia -- enough to. Went right in global demand into the meeting scheduled in in non Saudi Arabia's Sunday."

[0:44]" The only stocks more what stocks and we can talk about in our time but -- just cannot said that its earnings -- well below analysts' expectations the expected to post a fiscal fourth quarter loss on the write down of its related to do to its purchase Kinko's thousand or. On its stock is down about 5% in premarket trading up Morgan Stanley report 60% decline in second quarter earnings. And it's obviously having trouble with the credit market conditions. Its shares fell about % in premarket trading Fifth Third Bancorp said it means -- about a billion dollars -- verbal or stock. And that becomes the latest regional bank to accept the boost its capital levels. Its shares fell 14% in premarket trading. On it like they're going to do that happen at the moment is that Pfizer shares or about 3% before the opening bell company reached a deal with a a copy it makes a generic impact lavatories. And that and that will end itself by the patent battle over Lipitor which is the -- cholesterol treatment. And let's see what else is that another drug company and then in merger in the works sit at these events as is that -- the that the by since Tuesday. And apparently just like. Just like budget it would get into the Erika manufacturing business. And then lastly evoke a hopeful because it's not Northwest Airlines just said that rising air oil prices is taking its toll on the airlines and the cup. -- by 8%. Notes they cut -- and hasn't been news link stent which is special networking site or. For business then said the Bain Capital is invested the three million dollars in the company. And now that means that went in the valued at about a billion dollar. It's publicly traded yet but I suspect it will be given that an infusion yeah. So and and I'd been hit on what they -- step up. If you watch him gym memberships at all and for the first time in a decade and it will look to trim expenses they think that walking and jogging outside is cheaper than belong to -- yeah."