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[0:03] ..." morning David Puerto. Looking back yesterday at a pretty nice day on Wall Street. "...
[1:28] ..." rate then there were expected. -- this morning one of the biggest mortgage companies that's getting to have the backing of also in the government. -- over and their other half Fannie Mae which both of those organizations have a capital mortgages in the company in the country. It's told this morning Freddie Mac will -- 841 million dollars which is worse than expected and the biggest is that another 40% in. Any -- stark has"...
[0:00]" WBZ financial editor Dave -- and this morning good morning David Puerto. Looking back yesterday at a pretty nice day on Wall Street. "
[0:07]" You know you have for the most part it really was hopefully industry into the communities in August because remember last Vargas it was pretty interesting as we -- the that's -- told bottom as the -- for their emergency meetings. The it was certainly more no more orchestrated more deliberate. You know it was consistently guess what they're trying to do with. The cabinet room because they want to keep money available that one of the financial institutions that want to put -- grossed out that want to watch out for you so that the full. The market's belief that that looked at opposite we have these days like this in April there's a big jump and we didn't have a good outcome submitted assessment will be. Effect just it was also this. Sort of publicity president easing up but it makes single teacher and everybody in the in particular a little bit of that back to statistics that there were buyers out there they moved to fastest most of the that -- want to we. Street's been struggling if you would for the ultimate talked to himself. But so proceed at some point I'm sort of -- some more returning that are coming up this morning but a little bit down as the futures down two point eight does that 47. -- it's actually afford or Tulsa. Sensitive 190 that's -- probably would have not been -- his approval of more than a dollar pretty decent."
[1:19]" I do less get to the earnings couple of big financials out there."
[1:23]" The big one and it's really hard to believe because even with all the lowered expectations. The rate then there were expected. -- this morning one of the biggest mortgage companies that's getting to have the backing of also in the government. -- over and their other half Fannie Mae which both of those organizations have a capital mortgages in the company in the country. It's told this morning Freddie Mac will -- 841 million dollars which is worse than expected and the biggest is that another 40% in. Any -- stark has also -- in sympathy but they also can announce that they're going to be slashing their quarterly dividend to fastest -- us and they used to be about 25 cents so. News does expect a little bit better Muni bond -- they've put it under pressure and scrutiny a lot but they're just income was about 823 -- they -- have a big impairment charge of over -- billion but the reality is looks like they did okay it's going to conviction Church in the world that energy to."
[2:16]" When else is happening on the earnings front."
[2:19]" This quarter earnings out last night town to sit in terms of profitability AOL unit to knock them sound a little bit but it did -- their restaurants by about four cents a share in -- from the looks of should be okay. A the network unless -- beat expectations although -- still of this challenging dark and know more about that the teachers are up 5% this morning. All the journal news increased by about 20% revenue up 70% eggs and the word was challenging that they talk about. -- top and bottom one additional word that some of the cellular growth. And -- they missed on their numbers their point on the they superstore openings as a result in you know it's a tougher economy could presses are. But it's a world suspended their dividends of two teams going around it."
[3:00]" All right Dave -- so thank you."
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