Before the Bell 09/09/2008

[0:44] ..." a direct result of that those good news that we are seeing mortgage rates dropped pretty yeah pretty good in the last day yourself so there's any takers on these new mortgages and if people actually"...

[1:41] ..." Yes -- maybe not so much Fannie Mae and Freddie Mac but there are some companies that own that stock and in particular the preferred stock. And the loan portfolio so they're going"...

[2:13] ..." like they wanted because -- talks that they had. With South Korea's financial service committee looked like those types of -- so. On the money there."...

[2:42] ..." as a former antitrust chief. And top litigator who's pastor of the Justice Department to review evidence that antitrust case versus the Google search advertising you know they're coming out with a new search engine as"...

[0:09]" Contract local potato with yesterday's move apart almost invite -- another -- but. I added that it did what every seventy years is enough for particular with some of these agencies so. I think it was a little scary you know that there -- we looked at that will be just last week. We because it opened very I would orchestra 200 points and all the so they just go back to yesterday we -- we had a great opening in the we start giving it back but fortunately which. So the market's rally a little bit decent gains by the end of the day it's up on the sort of expected it to be more but the various it's cyclical markets continue to sell went there would have been as good days so. We're we're seeing as a direct result of that those good news that we are seeing mortgage rates dropped pretty yeah pretty good in the last day yourself so there's any takers on these new mortgages and if people actually focus not to buyouts in the company again look we gotta. We can consumers slightly. The good job losses were dealing with darkest ones to announce so. An abrupt downgrades Credit Suisse on those housing starts which its history and I have done well I think that there's some concerns with them so. It would -- so we'll probably get more housing numbers this morning and that looks like. I think we're going to continue to get these markets through September and October which are not the greatest much right now listen to regain positive system keeps seventy and so the percent. 1005 net six of three point eight. -- continue to doubt it's far -- Florida it's it is a -- that -- down put them down to fifteen about want to afford change in the forgiven that OPEC meeting. Creative -- they have to say about quotas and finally the gold there a couple of embarks -- this 791 --"

[1:41]" Yes -- maybe not so much Fannie Mae and Freddie Mac but there are some companies that own that stock and in particular the preferred stock. And the loan portfolio so they're going to have to and -- work of impairment charges are two of the names were mentioned recently worked. Companies like Wells Fargo and and sovereign bank which is second largest us and on the US. Also Wachovia expects to under perform according to Merrill Lynch just warning is they also -- and maybe impairment charges because they own a lot of these securities as well. -- some other issues another financial Lehman that doesn't look like they're going to get any capital like they wanted because -- talks that they had. With South Korea's financial service committee looked like those types of -- so. On the money there."

[2:23]" Google -- a couple stores going on right now it's not a financial stock for sure that they -- make a lot of money so 50 stores up this morning one that they are doing an ad deal with Yahoo! would. So maybe this is some of the good followed with a Microsoft bid for Yahoo! didn't take place. So all it is is just getting too strong because there's actually a dominant force -- as a former antitrust chief. And top litigator who's pastor of the Justice Department to review evidence that antitrust case versus the Google search advertising you know they're coming out with a new search engine as well. Also happens -- one of those stocks certainly didn't make money yesterday's so. What did you do -- little better today. The cost of conspiracy and are still above 40% global look at their percent Reynolds tobacco could -- 500 and different people for jobs fight -- rather tepid endorsement of their. Osteoporosis drug problem in the looked at Procter gamble got a downgrade this morning -- stocks already moved up its valuation call."