Before The Bell 01/23/2008

[0:00]" Time per hour before the bell stock report is brought to you by United Technologies. WBZ financial editor Dicker says in this morning good morning David good morning Deborah well it's been a day Nelson said emergency Fed cut -- is sinking in."

[0:13]" You know it's certainly helped yesterday it's that that for organs 62 point -- in the beginning of the marketed yes it's necessary -- Did you -- this kind of rare in this is only happened you know since 19944 times that they the cut in between meetings and what's interesting is that three times it's been on the debt down cut and only one of the aircraft so it's. Showing the fact that the Fed is willing to help and that's certainly with the market's looking for his. Is more help wherever they confided that the good news though is that I think that they've really put the recession as priority number one and -- worry about inflation later in the markets and -- for that to happen. So the problem is that we need to kind of catch up a little bit here with the rate cut yesterday to improve the congress it's a little bit of a waiting game going on and then hopefully we'll see signs that the banks are okay and the right down to -- and the banks -- going to lend money again and we -- that mood change but it may take awhile to do that. And this morning the markets are getting hit again as we hear more about those. Breakdowns in Europe and the feeling that recessions going to find its way east over to Europe so all that stuff is still hanging over the market that it's also not helping the some of those so darling tech stocks in this morning that it happens to be apple. They came out very cautious outlook despite the fact that their earnings were 50% obvious thing it's not so great Motorola is also up this morning talk about their. Tilting down 18% to four -- and operating loss for the for the first quarter although the good news today is that you TX there in the defense and aerospace business. That it becomes a 23% so what they're doing pretty well and that's both of their elevators just put. Right now it's going to be hard for companies. He used to be too optimistic because we're facing a tougher economy and their job is what I sometimes call you park. They're supposed to under promised and over deliver and are not really going to try to do that if for replacing a recession so it's hard to see optimism coming out anyway here's a market right now is that the futures down -- 37 point nine. Dow was down to nineteen right this moment nasdaq's down 68 point eight or prices down a little bit also down to 87 dollars there also were were fighting a little bit of -- oil but. -- still going through what the --"

[2:18]" Well David if he had appointed jester one single issue what is it."

[3:36]" We'll take it to the bank are right they grew so thank you very much"