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[0:04] ..." was in this morning David good morning whatever. You're looking at oil prices and some inflation numbers are out today."...
[1:21] ..." banks -- living -- despite the Fed is exploring those interest rates so we got a couple of housing numbers up this morning they were up a little -- on new housing. Yet the building permit numbers -- about 3% and mortgage applications -- it's about what -- so but the good fortune of respect keep going back and forth and all of these data"...
[2:40] ..." good numbers in the said that they had very limited of these markdowns we've been hearing a lot about that yesterday it was a lot of bad news coming out of -- out of Europe"...
[0:00]" Time for -- before the bell stock reports and WBZ financial editor Dave -- was in this morning David good morning whatever. You're looking at oil prices and some inflation numbers are out today."
[0:11]" you know we -- that we didn't get that oil hit a hundred dollars a barrel -- close -- that number it's been their but it never really close so. I think we know something that we can be very related to those prices caught up in the you know we saw yesterday or was up five dollars to the hundred dollar area. In the inflation numbers really are what we're looking at this morning but I think we get back to the basic long term it really is inflation as a result of these red hot commodity markets that they're going on for the last couple years which short term. I think we're still more worried about the -- the recession and continue to slow growth and and liquidity issues that are facing in the market but if we look at the CPI numbers inflation was -- fourth tenths of a percent in January. If you look at the core number which takes up that. The volatile food and energy was up three -- up of for a pretense for the month but that's about 1% higher than those expectations was not something literally out line. You over year the numbers were four point 3% in -- was a two and a half percent. Little bit more than the Fed wants which is a 2% numbers so I think with these things being a little bit -- I still think that the CPI inflation as a secondary worry and I think we're -- closer -- on the on the earnings that are coming out -- some of the other interest and some concern to the banks -- living -- despite the Fed is exploring those interest rates so we got a couple of housing numbers up this morning they were up a little -- on new housing. Yet the building permit numbers -- about 3% and mortgage applications -- it's about what -- so but the good fortune of respect keep going back and forth and all of these data -- step in in the more volatility is going to continue but right now powerful putting I would get disagreed on eighteen point three. Doubt that a 134 this morning Nasdaq down 23 point five oil retraced a little bit it's got a box of about 99 dollars Carol right now. And gold is -- twenty -- a -- opposite -- opposite of yesterday at -- we opened a strong close a week let's start a week it opened strong that are close strong today."
[1:58]" And I talked about tennis matches and he would now here's some good news is from Hewlett-Packard yeah."
[2:03]" You know the technology expect to have a big down a little bit but that's kind of bright led the morning Hewlett-Packard they came out they saw their earnings up 38% first quarter got a lot of help -- notebook and desktop PCs and you know the better part is they actually increase their outlook for 2008 so that was very positive another bright spot has Garmin they're the GPS maker that. It allows us to get talk through how we want to get where we want to focus you know you know what guys ever ask for directions split their stock up about 6% this morning that they that's pretty good results and and the -- look pretty good their -- up PepsiCo reaffirming -- 2008 numbers of those are pretty good and -- NG -- Dutch insurance company they that's pretty good numbers in the said that they had very limited of these markdowns we've been hearing a lot about that yesterday it was a lot of bad news coming out of -- out of Europe about this but they did a little bit better as the profit -- up 18% so don't expect there -- some good there's."
[2:53]" And anything also going to."
[2:54]" not such good news for Crockett -- that touch your company economist even though they double the revenue a whole foods got a foot slipped a little bit in terms of the missed expectations this morning. And I think our media the other big thing that word of it isn't KKR private equity company. They do a lot of the short term commercial paper is another gonna have to talk to the credits creditors a little bit the kind of work this thing out with a with a liquidity issues that are also -- concerning the markets was more."
[3:18]" David thank you very much"
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