- Highlights
- Full Text
[0:04] ..." me this morning good morning David whatever. Not such good news from GE this morning."...
[1:55] ..." they going to do there and and -- going to when Michelle Obama significant and so that's going to be. Still played up I think -- will get that now when it comes down to whether it's going to work well you know. I don't know but I go to guy named Bill Gross is particular bonds -- group and go -- And he says this thing can work and I understand the concept certainly blind"...
[3:04] ..." the software like IBM but. They're going to sell servers made by Hewlett-Packard. The Mexican worker -- three years so let's hope it's working okay."...
[0:00]" Time for our before the bell stock report and WBZ financial editor Dickerson joins me this morning good morning David whatever. Not such good news from GE this morning."
[0:09]" Now but at least they get for getting back to look at what's actually happening that the companies in the economy is supposed to listening to a more testimony -- certainly a Bellwether for our economy they're giving us some more evidence unfortunately. That the financial business is getting a little bit more that's about 40% of the profits the profits of their feelings strain of but the credit crunch and in the volatile markets as well also sucked -- about 4% this morning they lower their estimates for the quarter. They cut their star -- that it took their stock buyback so they're they're slipped his city is expected to be down as much as 15% and and her answer to designate. The good news though was -- proper credit market they get to keep their triple -- rating is only a handful companies it has to do that so that could be good news may be. -- for the economy that there was slipping the latest evidence came in the monthly durable goods orders Tuesday October 4 half percent. And that was pretty much across the board that the big hit came with civilian aircraft which can be very volatile number was down 30%. But even if you extract that brutally volatile elements. The numbers is down about 3% so again things are certainly -- around but. All of that being said the markets are actually up this morning and it's probably because some of the good carpets coming out of Washington that. This rescue bill looks to be done so here's -- there's -- numbers right now -- to -- a two and a half doesn't 37 and aspects of eight we go prices down to -- a couple of -- for. And gold is six and."
[1:31]" Let's get to their rescue plan is it going to get done David and willow work."
[1:35]" The other two tough questions duplicate have to get done and the reason is is that you know it's causing to much nasty stuff that is going on and and it it will cost some nasty things that happen in the markets themselves. I think you know they gonna catch -- a key elements like the compensation -- and in other government ownership of but they make money helping homeowners and what are they going to do there and and -- going to when Michelle Obama significant and so that's going to be. Still played up I think -- will get that now when it comes down to whether it's going to work well you know. I don't know but I go to guy named Bill Gross is particular bonds -- group and go -- And he says this thing can work and I understand the concept certainly blind dead at 65 cents in the dollar holding it to maturity getting your dollar back that appears sound. My worry right now is the more the immediate the short term lending and and whether it'll get these lending institutions to stop hoarding their -- order -- this morning it is that. Basically this when he liquidity in the market has put it -- just that everybody's squirrel it away. Is that the concerned about the long tough winners I think that needs to -- and up so that we can buy our cars and our houses and stuff for. Certainly help businesses to grow and get more jobs."
[2:42]" And I went -- luncheon today."
[2:44]" Our -- to get -- job let's talk about that the Thursday weekly job dedicated men unfortunately one of the highest levels and probably seven years a lot of that has to do that with the aftermath of the hurricane in Texas and Louisiana but that the numbers jumped 32000 this morning. Also Oracle the software company they're now moving into the hardware business and that kind of -- the trend of a lot of companies that the got a lot of hardware and the software like IBM but. They're going to sell servers made by Hewlett-Packard. The Mexican worker -- three years so let's hope it's working okay."
[3:12]" Hi David thanks so much."











