Before The Bell 11/9/2007

[0:03] ..." Dave careers good morning good old high yield week this week on Wall Street light is it look like -- his final day week."...

[0:30] ..." Wachovia under the going to mutilated -- takes a breakdown in the subprime issues are down around 4% this morning and the talk about 50600 million cultures are certainly a lot like some of the"...

[1:40] ..." taken hypocrite have to yesterday in the down another 29 this morning oil prices are somewhat -- a book about 12 cents at about 96 dollars and gold was -- about -- eastern six."...

[2:54] ..." Oh yeah we put his stock market are there we were talking all this week about the big you have financial had to believing that we -- barrel June"...

[0:00]" It's time for -- before the bell stock report with WBZ financial editor Dave careers good morning good old high yield week this week on Wall Street light is it look like -- his final day week."

[0:10]" Yeah you could say that again and again and again but -- it's really in the battle of the earnings in the economic person's credit problems and in this week there's no doubt about it the credit warning for the greater problems have been the major focus to they've been winning the game you want them to -- to markedly in the game and there's more of a continuation of the that this morning Mary were kept. The fourth largest bank slash financial help they'll get so call Wachovia under the going to mutilated -- takes a breakdown in the subprime issues are down around 4% this morning and the talk about 50600 million cultures are certainly a lot like some of the ten to 20 billion we are talking about some of the bigger -- but the rumors continue even overseas is that Barkley is rumored to be out. Really take another big hit so I think what we're seeing out there is that a big financial biology class going on because all of these firms are going to -- septic. Every single business loan portfolios so it's going to continue to come output the in the forefront this week an economic we actually got some good news today from some bad news and the bad as we've talked about all this week as we've been worried about the dollar it's dropping. It -- lows against the all of the other major currencies in the world. Good news is is that -- when we export things we see the major search affect exports probably up to -- will do their best and two years if you look at the she shrinking trade gaps so again it's a 14% year over year so we are exporting more stuff which is the beneficiary. Of a lower dollar but I don't think that's winning the -- the -- the markets are getting hit pretty hard as we look at what's going on isn't he is down 13 point two does that about 92 again this morning -- really taken hypocrite have to yesterday in the down another 29 this morning oil prices are somewhat -- a book about 12 cents at about 96 dollars and gold was -- about -- eastern six."

[2:54]" Oh yeah we put his stock market are there we were talking all this week about the big you have financial had to believing that we -- barrel June deal he got a 160 million dollars or retiring Citigroup chuck prince he also is gone but. He's only getting about 43 million about one quarter of that but I think somehow he's going to be able to survive on that. Retirement we also talked about Merck and vioxx that it was originally they thought that every case said to be tribal looks like they got something on the table well work. It's about four point 85 billion settlement is over 20000 cases out -- guess that works out to about. But 240000 on the case -- 85% of the people have to -- associate that particular -- that did they -- that's pretty good -- this morning and also what -- in Boston flexibility is a little bit more clear in -- succession plan -- Ned Johnson appears -- daughter Abigail being the -- chairman of the company but maybe not the CEO which -- the -- the kind of -- operations in Iraq. Here's a little late this thing Erica what we do is we get chuck prince and O'Neal took him out make more money that it will be that significant --"