Before the Bell 11/14/2008

[0:42] ..." of death as a -- a politician gets in front -- the administration official the market goes down but the market. Actually went up that we talked about a free nations so I think maybe that"...

[2:04] ..." worst. The good news in all of this is that at least gas prices are down about 12% of the legitimate people complain about that. -- to pick up the autos they were down about five"...

[2:45] ..." the slower growth coming up in the that's going to hurt the tech stocks that starts at 7% on the morning. So my -- laid off about five or 6000 people so there's another warning -- technology. Retailers -- much their JC Penney so their profits drop in. You're pretty much the same story from Nordstrom and cold and Abercrombie & Fitch. And battle the company that you and I don't Freddie Mac now the government to get over. Point five billion dollar loss"...

[0:17]" I think what we just -- it certainly had improved a little scarier than it is in the beginning of the day it's scary what that we started I don't doubt about 300 points in the Dow with all the economics is coming it's gonna continue to thoughts are going to be our -- this is not good. What happened was the surprise and then in May be a coincidence because around 1 o'clock. We saw a nice turn in the market. It's a little bit later bush started talking at that don't know that's the kiss of death as a -- a politician gets in front -- the administration official the market goes down but the market. Actually went up that we talked about a free nations so I think maybe that kind of nice to see with what happened because in the past whether it was bush or Bernanke Paulson. Or even likely that testimony that we had yesterday about potential billionaires do this in the market was going to take it successfully tested. Those lows and and buyers came out of the wings and started to buy again and that's the second time we've seen this so. I was really pretty good day so I'll take it felt great that we're still doubled for the which. There was a good -- and mr. Purcell and were testing it again this morning also -- that the retail sales this morning we get the G twenty summit coming up reported big stations are going to decide that. Right things to do to support our new global financial structure which is kind of mutual benefit and mutual dependence the second time -- would responses here over the weekend and it will get some good news on Monday but they said we're testing those lows again. Is that the markets can get a good day yes they -- continues right now we're going to downsize this camped out sixteen point seven. Does that about a 148 to an aspect that point one and a -- well prices -- the dollars sixty it was a critical chewed up about thirty gated some 42 announced that."

[1:53]" The bulk of -- there's -- two ways about it looks like you know we were the worst one of the worst ever done two point 8% -- it's kind of interest to -- there wasn't a huge reaction. For the markets to somewhere actually expecting all the worst. The good news in all of this is that at least gas prices are down about 12% of the legitimate people complain about that. -- to pick up the autos they were down about five and a half percent we're certainly aware of what's going on there. The retail sales were down two point 2% percent to two point eight headline number so. Overall you know not a great report by the markets didn't react too much we also that -- import prices again. With gas approaching two dollars calendar terror groups such a pretty good numbers and import prices to."

[2:33]" Well let's talk about all physical -- jeopardy guitar into that there -- speaking to officials if its Q&A 'cause any problems but. A lot of economic disappointments are going to continue as well as earnings today we -- from Nokia. They warned about the slower growth coming up in the that's going to hurt the tech stocks that starts at 7% on the morning. So my -- laid off about five or 6000 people so there's another warning -- technology. Retailers -- much their JC Penney so their profits drop in. You're pretty much the same story from Nordstrom and cold and Abercrombie & Fitch. And battle the company that you and I don't Freddie Mac now the government to get over. Point five billion dollar loss for the third quarter after the -- fourteen billion and so you know I think my model for the week debit. The good news this week it is we came in about all the -- and let all the bad news. The good news is the Baptist because we hear all that negative stuff to markets only 69 months -- so maybe for the work about a little -- so good news is that is that."