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[0:07] ..." Are they were looking at some new numbers on jobs and the GDP. "...
[0:10] ..." I had both they're actually pretty good this morning we get the weekly jobless claims and there are 9000 -- folks -- applied for unemployment that's an uptick. And if you look at the GDP this is the third revised number for the fourth quarter of post haven't. It was unchanged at six tenths of -- percent"...
[0:53] ..." on that. It could look at all the to residents haven't. The GDP was up two point 2% so get pretty good numbers in the in the markets like what they don't like is a"...
[1:29] ..." despite the problems with the Iraqi explosion in the pipelines there that oil prices are actually down ten cents a against Ohio waddle like 78. Oldest them through books -- also debit denied for texts."...
[2:56] ..." seeing the deal this morning we got G they seem to be selling off for one point two billion dollar division of their financial processing group for. Two American Express so it's nice to see that"...
[0:00]" Time for our before the bell stock reports and WBZ financial editor Dave curse out is in this morning David good morning boarded up up. Are they were looking at some new numbers on jobs and the GDP. "
[0:10]" Yeah I had both they're actually pretty good this morning we get the weekly jobless claims and there are 9000 -- folks -- applied for unemployment that's an uptick. And if you look at the GDP this is the third revised number for the fourth quarter of post haven't. It was unchanged at six tenths of -- percent on the upside for growth. This -- and coming -- are very high four point 9% in the third quarter but really no surprises and that's good for the markets took analysts that number. The news is those this is the -- numbers since 2002. A corporate profits for the quarter were awful little bit more than 3% probably still making money. And year over year corporate profits were up about three point 3% to wonder in the size of the economy now thirteen point eight trillion in terms of goods are keeping tabs on that. It could look at all the to residents haven't. The GDP was up two point 2% so get pretty good numbers in the in the markets like what they don't like is a response -- the software maker oracle. -- give an overnight there results came out and they were actually pretty that they talked about profits being up 30% and they did did treated that the dreaded cautious words so. They lowered their forecasts and that is the stock -- total of its competitors at saint Pete is also often said that -- some of the concerns in the software group. This morning we're pretty decent start isn't he futures are and we develops the deviate -- except to would have. And despite the problems with the Iraqi explosion in the pipelines there that oil prices are actually down ten cents a against Ohio waddle like 78. Oldest them through books -- also debit denied for texts."
[1:41]" David here's something we always want to do you keep the -- get a minimum."
[1:45]" We're trying to do in this economy including -- the -- is deep leveraging and I discovered that helping the credit markets by not boring as much it. Yes that we toppled by a clear channel that nineteen billion dollar deal to work getting done. And what may be at -- at. If they don't the Republicans illegal -- but that's where money was not coming in people make commitments and they didn't. It's actually bleeding into the commodity markets a little bit Devon and the grains to protect our great political scene have to do with takes. Well what it is and mr. -- exchange they increase the margin requirements for. By 2% for cordon and 30% for soybeans and gas so watch what it says is that. If investors have to put up more cash to buy these commodities that's going to take some of the fraud and some of the speculators out of the market likes of Tudjman's. Unintended consequences of this though is that the agricultural companies that use this hedge against the grain that they -- they produced. Going to be more expensive for them and it's going to take -- that take out some liquidity the markets a deal leveraging has its consequences to the to -- somebody a little bit more some more."
[2:53]" All right thirty seconds here David on what else."
[2:55]" Nothing's going on we -- actually seeing the deal this morning we got G they seem to be selling off for one point two billion dollar division of their financial processing group for. Two American Express so it's nice to see that a deal can get done. Also look google's stick -- a bit of it this morning if they're not getting quite the paid clicks that they wanted so little little bit tougher for gore as of late. And it's not a big surprise -- that the home although what are they came out they should themselves lost somebody 88 million dollars that the problem there is that. The -- it was actually down 62% because they actually did a little bit better than what their expectations were so still problems in the housing."
[3:30]" Hi Dave -- thank you very much"
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