Before the Bell 6/23/2008

[1:25] ..." if they're going to partner trigger with they want to do with interest rates so right now a little bit of recovery based on that that have different ideas abuse at some point seven deaths of"...

[1:56] ..." looks like it's more rampant than we thought at least according to New York Mercantile Exchange they say that 70% of the crude oil trading. It's really speculators and that's that person is back in 2000. It was only 37% so. If we you get a look at the stated that there were going to be during some things going on in Washington with the subcommittee hearing Social Security at the six. But with all the hedge funds so looking for places to make money you heard the numbers just a"...

[3:17] ..." of investment banking folks can make it laid off for the summer Citigroup is laying off about 10% of its 65000 workers. And also Walgreens or what their earnings this morning looks like they were"...

[0:10]" You know no one of those -- of three -- 4% and there was a lot of assembled issues that continue to be recycled like oil and financial in the economy so our that you're David -- little bit more crowns a year ago. Overseeing the doubt so far this year down ten point 7% fact it's kind of testing itself -- back in March and and the metropolis of 12000 -- Beat the S&P 500 down a little bit more than 10% the Nasdaq -- 3% and the winner can call -- that the Russell 2000 only down five point 3%. If you went overseas invested internationally the he's the indexes down eleven point 6%. If you own bonds and Abilene and I aggregate bond index should be up about seven tenths of a percent and not a lot there. What's the winners well I think we talked earlier the Dow Jones AIG commodity index up over 24%. Well oil up over 40% gold up over 8% in the portion of the dollar still off about 5%. In terms of its currency exchange just. A week this week a lot of stuff to interpret we're going to hear about consumer confidence and sentiment expected durable goods orders coming out. Some homes sales numbers coming out -- the case Shiller index. GDP we've -- coming out of Friday were -- to the American budget where we get. Personal income and personal spending numbers to see Howard doing but don't forget that -- Fed meeting to see if they're going to partner trigger with they want to do with interest rates so right now a little bit of recovery based on that that have different ideas abuse at some point seven deaths of 71. The Nasdaq up six and a half or prices awful little bit off -- seventy cents at 134 to have. It's again over the week in the -- should be meeting they're they're going to say well it's a couple 100000 barrels a day more. And golden hit pretty hard this morning it's down 11 box of that -- EDT --"

[1:54]" You know there's been a lot of talk about that and it looks like it's more rampant than we thought at least according to New York Mercantile Exchange they say that 70% of the crude oil trading. It's really speculators and that's that person is back in 2000. It was only 37% so. If we you get a look at the stated that there were going to be during some things going on in Washington with the subcommittee hearing Social Security at the six. But with all the hedge funds so looking for places to make money you heard the numbers just a minute ago. This year and then probably the last the -- are going to make money as though commodities so my concern is that by the time we see get a hearing in Washington that it probably already over. Won't hear about the capital testimony and it's also interesting because you know they're -- are restricting this in the can mean from an outright bands that. Increasing the amount that they can -- for commodities which sometimes called margin. But this started 1991 in the CFTC allowed an exemption. First of these people to come in the did not have a physical commodity. An expose him to that candidates can be really hard to turn the clock back on that would -- what happens in Washington today and I guess with the five and ten dollar a barrel -- disrupt the carpet."

[3:04]" a couple of things going I would get a deal are not companies at a brand names with the bungee they're big commodity company they're looking to buy corn products for four point eight billion dollars and I don't know that's despite or because of the floods of the midwest. We got a lot of investment banking folks can make it laid off for the summer Citigroup is laying off about 10% of its 65000 workers. And also Walgreens or what their earnings this morning looks like they were OK but -- to be about a penny shy of what the estimates were stepped."