- Highlights
- Full Text
[0:20] ..." the producer's side it's indicative of what corporations are paying for the raw material so. The PPI or producer price index was up one point 4% in May. A little bit more than expected. A lot there obviously was energy that was up about 5%. The expectations are about nine tenths of the percent so they're going to have to percent over. Etiquette expert -- energy and food it was a pretty tame it was up about two tenths of -- percent and that kind of met expectations. But what's really numbers almost anybody is that for the year the producer price index is at some point 2% to that's definitely the energy -- for a corporate America over the last year course of about"...
[1:17] ..." were actually down 4% so. It -- a tough time in the housing market over the last year that lost about 32% restarted. Some of -- don't you don't 41% to there's no doubt we're kind"...
[0:00]" BC news time 925 time per hour before the -- stock report. DC financial editor J crew show stopping not good morning David looks like a busy day ahead what with inflation and housing numbers to digest."
[0:13]" And and they don't -- See especially we don't know that if you drive a car seller house so the inflation numbers it was today. Was on the producer's side it's indicative of what corporations are paying for the raw material so. The PPI or producer price index was up one point 4% in May. A little bit more than expected. A lot there obviously was energy that was up about 5%. The expectations are about nine tenths of the percent so they're going to have to percent over. Etiquette expert -- energy and food it was a pretty tame it was up about two tenths of -- percent and that kind of met expectations. But what's really numbers almost anybody is that for the year the producer price index is at some point 2% to that's definitely the energy -- for a corporate America over the last year course of about 3% which is about 1% -- in the Fed likes to. Housing starts there -- not expecting much we can get that down three point 3% to seventeen year low. There's not a lot of builders they're rushing to -- put up houses and buildings they want to assume that there won't be able itself. We look at the leading indicator that as well as the building permits and they were up one point 3% and the enforcement for single family homes they were actually down 4% so. It -- a tough time in the housing market over the last year that lost about 32% restarted. Some of -- don't you don't 41% to there's no doubt we're kind of confirming his slump here nothing to look at what the markets are up with a reason I think is the biggest Goldman -- about a decent results so right now we're seeing isn't he teaches at 10007 the -- that they accept full point eight that oil prices down about a -- 133 and we also have gold five dollars a --"
[1:42]" One hour let's look closer -- Goldman Sachs."
[1:44]" Williams yesterday we got to believe in number where they weathered -- so to speak at two point eight billion dollars storm with a loss of they had some Goldman Sachs is today and we're gonna have Morgan Stanley -- and as well but the Goldman Sachs -- numbers they were down 11%. But they handily beat what the estimates -- and there was no loss on their back they actually made 2.0 nine billion dollars in this is important because investment banks -- They've been under a lot of pressure lately because we're worried about some of the problems they've been dealing with -- which broke all the credit credibility but Goldman Sachs certainly escaped a lot of these issues and that will do at Morgan Stanley mr. -- market was pretty good about that."
[2:20]" Quick twenty seconds or so David on what -- watching."
[2:23]" Our Best Buy to develop -- earnings numbers they were down a little bit but they beat expectations and that's pretty good Adobe that makes the acrobat PDF files that they did pretty well -- earnings as well and looks like a Budweiser Scott Warren Buffett -- the biggest shareholder and looks like he -- the -- that -- According to a Belgian newspaper yeah."
[2:42]" Only interesting -- so thank you very much"
Del.icio.us
Digg
Reddit
