Before the Bell 6/25/2008

[0:30] ..." came out it was flat. So despite concerns of the other recent oil prices in the airlines being under attacked. We haven't seen these cancellations at some of these plants so. I I think it's almost"...

[1:37] ..." but to about says there's over ten million of -- there's so Merrill Lynch and kept Jim and I've been during his reports the last five years. It includes those within that have a million dollars"...

[2:18] ..." to be had in this about a 100000 of them. More the United States that it."...

[2:33] ..." for inflation. Monsanto came out no one's ever companies the -- third quarter earnings were 26% did very well although the spots off a little bit I think there's a margin pressures that they -- six."...

[0:09]" Yes we are -- the I think the markets and they're not bad and by that I didn't mean it's it's probably not a disaster. Number elected -- the cost of some of those big ticket items like planes trains and automobiles. It really didn't. Crater so as a result of -- that the markets feel okay. I always -- this -- vocal number because you're counting you know multi million dollar planes and jets and things of that -- but this morning the number came out it was flat. So despite concerns of the other recent oil prices in the airlines being under attacked. We haven't seen these cancellations at some of these plants so. I I think it's almost saying that didn't need these more efficient planes. More than ever now so defense and airlines that they were once it did very well machinery and no metals didn't do so well. If you take out to the transportation interpreted the part of it it was down about nine tenths of -- percent and if you take out. Suspended defense spending number it's about six tenths of the percent to about modest they're -- line and that's a pretty good news. Also today we at the Fed meeting that coming to a conclusion hopefully 215 we're we're going to have the Fed decision rates and rhetoric and I don't think they're going to make a change that the exchange somewhere I think that -- going to -- some crazy -- on the market right now -- executions of five point five. Does appoint one that they accept full point to do so could start. World that about a quarter 13 the seven herself and looks like gold without a couple of books dating."

[1:27]" Did you know probably are more millionaires than what it looked like going to the big new rich are getting -- so to speak. The latest numbers are millionaires but to about says there's over ten million of -- there's so Merrill Lynch and kept Jim and I've been during his reports the last five years. It includes those within that have a million dollars -- more in investment -- so kind of takes that your your -- real -- put the put that in perspective with a million -- there's 304 million people in the US and six point seven billion in the world so it's still pretty elite group and we've been talking a lot about the international markets moved a little faster growing -- will millionaires are growing five times faster in the emerging markets so -- along with more services and products and more wealth -- to -- perspective the good news is North America still has been the most three point three million -- Our -- what I would say a million bucks is still a pretty elite group to be had in this about a 100000 of them. More the United States that it."

[2:24]" A lot of money to goodness General Mills Dean Foods that this morning they're saying that they are able to look at a pet -- some of those prices so that's probably good for them as they increased their outlook but probably not so good for inflation. Monsanto came out no one's ever companies the -- third quarter earnings were 26% did very well although the spots off a little bit I think there's a margin pressures that they -- six. Are in -- wants to buy Bard then that they sent another letter saying we're going to pay 65 dollars and times of the essence okay. Little but the pressure coming from billion Belgian brewer MasterCard American Express they settled their billion dollar settlement -- MasterCard it was a charged with blocking. American Express and just a few minutes ago -- Dick Grasso and you expect exchange head. Kind of got ousted a few years ago four out of six City Council were initiated by the stated New York and Eliot Spitzer. Went in his papers so I guess maybe his 140 million is safe and secure. But he hadn't they were going to earnings from Oracle -- in -- today."