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[1:51] ..." that broke with the markets at the wall this morning we've got the Fed actually issuing for the first time. Loans directly to -- through companies like Morgan Stanley and UBS and GE General Motors Ford and all the nations embargo all the countries excuse me all the companies across the -- use this. The pay their bills and to make loans student loans to consumers so this is how they finance their stuff so that's so hopefully going to be some good news to the credit markets opened up a little bit. In the same thing we're seeing that that Ted spread a little -- board that I have been talking a lot about lately. It is coming down -- sure seems like a snail's pace but at least it's moving in the right direction of course -- the Fed meeting. On Tuesday and Wednesday and that seems inevitable they're going to push down rates as well as we -- post South Korea knock it down by three quarters percent on Monday's -- This morning again we'll see what happens I mentioned last week that very secure about two weeks ago that there were nine banks. As part of the bail -- we're going to have reported by a billion well lit out for more than that in the beginning part of that other hundred point five billion in those banks are KeyCorp rose suntrust Northern Trust in Huntington Bancshares so. Hopefully more -- and."...
[0:00]" Time for our before the -- stock report WBZ financial editor Dave Crusoe is in this Monday morning and good morning to David arm back. Well let's hope we don't have quite the ups and downs of last week let's start with our week with this question looking any better."
[0:18]" And appeared to have very you know -- certainly would go to last stood then let's try they -- put the markets actually get -- they were actually down over 200 points this morning in the futures and at least another single digits so. I of course starting up again with some of that also rolling over we get the Japan marketed that they want to secure closure is justified -- half year lows in the in the struggling a bit. -- addressing today is read about the Persian gulf nations. Where the deal with these supplies were -- oil and you know we -- they were bulletproof in terms of recession but now there have their own problems with their banks because this morning we're seeing Kuwait. Involved in the central bank in the going it's such -- to shore up a little bit so it just gonna say isn't this a financial crisis is just going to catch on everywhere. Obviously we got a lot to look at again like last week it was better earnings over here for more Hauser and Chevron this morning we got rise and but I think we're also going to see the most important which is the first numbers on our GDP. They're out Thursday and we'll see if it's official the fact that we could have a recession it will be just start potentially if that number negatives shall see what happens. Also we're going to get personal income personal spending durable goods citizens sentiment numbers and this warning in about half an hour going to get that new home sales so here's the numbers right now. But to be teachers don't twelve and a half down -- double digits are 64 -- it's it's a good start. A NASDAQ down six point eight commodity prices continue to -- and settle down another dollar 37 below 63 dollars. The real -- gold down about nine and have to."
[1:43]" I want those government programs we've been hearing about begins today."
[1:47]" Yeah it's you know we've been knowing that -- short term liquidity crunch things have been the major reason that broke with the markets at the wall this morning we've got the Fed actually issuing for the first time. Loans directly to -- through companies like Morgan Stanley and UBS and GE General Motors Ford and all the nations embargo all the countries excuse me all the companies across the -- use this. The pay their bills and to make loans student loans to consumers so this is how they finance their stuff so that's so hopefully going to be some good news to the credit markets opened up a little bit. In the same thing we're seeing that that Ted spread a little -- board that I have been talking a lot about lately. It is coming down -- sure seems like a snail's pace but at least it's moving in the right direction of course -- the Fed meeting. On Tuesday and Wednesday and that seems inevitable they're going to push down rates as well as we -- post South Korea knock it down by three quarters percent on Monday's -- This morning again we'll see what happens I mentioned last week that very secure about two weeks ago that there were nine banks. As part of the bail -- we're going to have reported by a billion well lit out for more than that in the beginning part of that other hundred point five billion in those banks are KeyCorp rose suntrust Northern Trust in Huntington Bancshares so. Hopefully more -- and."
[2:56]" And I did and what stocks are making news."
[2:58]" Well imagine Verizon their earnings and they did come out the profit dropped 31%. With that. Again only 4% revenue growth target they're making money on us and -- met their expectations and I can tell you with. My kids in their cellphones like contributed to the and -- well if PLO look for a power company there net income was a 45% but it's interesting because. A lot of that was they were just hedging their risks. And then a lot of point that's so if you take that out it was a two point 4% so without that I I'd open up becoming rich heritage but they say but they did have a good one. Are they also announced that they're going to -- unfortunately the capital spending back. Computer about one point seven --"
[3:35]" David -- thank you very much."
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