Before the Bell 1/28/2008

[0:21] ..." good start. To be the fourth day in -- world that we CBS and the -- advocates expect the -- Summers have been the scene looked something like that. I have -- against the there"...

[0:53] ..." losses -- if you look at this earnings season you know even Wells Fargo was up this morning with the big one so they -- getting those losses I think you'd think he'd get those assets. Also their books and they go back the plan if you would of what the purpose was to be about but to be pretty good so. That we got a great -- second they have a job basically or maybe third the third day on the job. As so he's going to be at all political over the -- what we've got and I think the majority of financial stocks are really like infect most of the financials are very big this -- so. These are start it and he teaches at nineteen point eight. Does the 159. We that the NASDAQ up to 48 oil prices down around twenty cents a forty want to change in gold down to fifteen years and eight and seven."...

[1:33] ..." it's not been pretty so far but they they continue to come AT&T was up this morning and they were down 23% on the auditing company. But the good news is is that they had"...

[2:13] ..." shipped so. Anyway they were little bit late on earnings at mr. Wells Fargo just minutes ago they lost two point five billion dollars and they were hobeika -- which is there one of the biggest"...

[0:11]" you know I -- question good okay -- like this storm you know we're bracing for big one but so far has been so bad hopefully won't legislator today but. If this could be if the markets go up today they are having a good start. To be the fourth day in -- world that we CBS and the -- advocates expect the -- Summers have been the scene looked something like that. I have -- against the there is some modest optimism minutes back about the going to the regional power plant which was they were going to take the bad assets in the banks -- send them on their way lending it looks like people Obama's going to be doing that. It looks like they're going to try to get those assets are calling it the bad bank plan -- little -- is a good cop bad cop good bank bad bank I don't know but. But it seems like it's going to be healthy because the banks have been hoarding the cash. Because they expected more losses -- if you look at this earnings season you know even Wells Fargo was up this morning with the big one so they -- getting those losses I think you'd think he'd get those assets. Also their books and they go back the plan if you would of what the purpose was to be about but to be pretty good so. That we got a great -- second they have a job basically or maybe third the third day on the job. As so he's going to be at all political over the -- what we've got and I think the majority of financial stocks are really like infect most of the financials are very big this -- so. These are start it and he teaches at nineteen point eight. Does the 159. We that the NASDAQ up to 48 oil prices down around twenty cents a forty want to change in gold down to fifteen years and eight and seven."

[1:33]" Yet you know it's it's not been pretty so far but they they continue to come AT&T was up this morning and they were down 23% on the auditing company. But the good news is is that they had a two point one million wireless subscribers and of course. The -- the bulk of that about one point nine million where the iPhone so that the bottom line in this still showed a two point four billion dollar -- so they are making -- was -- will be more than 2% if we look at Boeing there one of our biggest exporters with one of the biggest ticket items you can get all the planes. They unfortunately at a loss of about a 156 million dollars for the quarter that a lot of that was just based on what's going on with the machinist strikes that hit them so. The 747 during one has a wonderful plane the that they continue to struggle to get it built and shipped so. Anyway they were little bit late on earnings at mr. Wells Fargo just minutes ago they lost two point five billion dollars and they were hobeika -- which is there one of the biggest subprime lenders so there's still feeling kind of the pain of that. Although you know it's interesting because it's a private group Gloucester journalist born they were actually talking about behind mortgages that jumbos are actually increasing the foreclosures so. Everybody's doing it again and one more dimension it would -- and asset manager they lost about one point five billion because it is difficult structured investments in the head of -- down unfortunately their stock is down about 20% --"