Before the Bell 5/30/2008

[0:00] ..." It's time for before the bell with WBZ's financial guru David Caruso David good morning according -- so you got some numbers in the battle of the budget force."...

[0:37] ..." take out inflation which has about two tenths of -- percent. Basically treading water so that's really not too bad but if you look over the last year inflation has been up. But three point 2%"...

[1:26] ..." futures at four point 7044. That's except nine point two we get oil prices up but he foreseen for the inquiry going on at about 127 and toughen. Probably buckled up about seven but he needed"...

[2:40] ..." The target -- enforcing the Commodity Futures Trading Commission they're they're -- to see what's going on health. You look -- these high prices and oil that does something funny going"...

[0:00]" It's time for before the bell with WBZ's financial guru David Caruso David good morning according -- so you got some numbers in the battle of the budget force."

[0:09]" Yes we certainly do and then if you look around it's ago about a personal budgets in the -- might budget your budget everybody else we. We come up with a personal income and personal spending numbers. You know a lot of -- but there -- okay giving a number of personal income was up two tenths of a percent. Personal spending was also looked at two tenths of a percent but basically spend what we've made. And that the good news is we -- money but at least from neutral we didn't overspend so. Kind of the disappointing point you know visit if you take out inflation which has about two tenths of -- percent. Basically treading water so that's really not too bad but if you look over the last year inflation has been up. But three point 2% if you look at core which takes energy and food prices were about two point 1% to doesn't look like where were having problems that look like people are spending this factory gates yet but all I think it -- expectation that hospital according to the bulletin is we might -- too because the Dow was that I actually don't one point 3% and disappears just. A articles it would definitely close to a month -- that we -- the credit crisis it. Inflation -- commodity global slowing economy and in five double last seven months and isn't even down. The seven the governor of good people. Bottom line as the markets are looking okay ultimately can make -- turn the other direction is that we have this summer right now Iraq it can be futures at four point 7044. That's except nine point two we get oil prices up but he foreseen for the inquiry going on at about 127 and toughen. Probably buckled up about seven but he needed for."

[2:40]" The target -- enforcing the Commodity Futures Trading Commission they're they're -- to see what's going on health. You look -- these high prices and oil that does something funny going on but I think they'd be almost remiss not to look into -- they're looking at right now. Not much sympathy for the companies big oil companies themselves with the traders but. That's it like there has been a frenzy of oil the last couple weeks and it be nice and other there's a reason for -- supply and demand."