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[0:17] ..." this terrible war right now the strength of the dollar and high commodity prices and know what's except the speculators -- commodities to Washington -- right now but. We know commodity prices are rising could just go shop the store -- the gas station. And one of the major reasons this is because the -- has been so weak. Because of Europe foreigner and you're buying a commodities like oil dollar based -- actually get this stuff cheaper so you're gonna buy more of the same when the company or comparison or jewelry. Not so for us because the dollar decline makes it more expensive so there's -- battle that's going on. And that is do we increase interest rates so that it'll make the dollar for a off from up. Beat -- against inflation and it's kind of very counter intuitive. But we've got this month -- mentality going on that maybe we needed a rate increase yesterday to show the world that we really want to -- commodity prices and were serious. About getting things straight so that you who knows what it is the markets into a regular basis. Right"...
[0:00]" Time for -- hour before the bell stock report -- WBZ financial editor Dave Crusoe hazard for us good morning David good morning about our right to big Fed decision yesterday what's the fallout."
[0:10]" They like compatibility that's yesterday afternoon in the morning is any indication that but all the other couple things going on. But we've got this terrible war right now the strength of the dollar and high commodity prices and know what's except the speculators -- commodities to Washington -- right now but. We know commodity prices are rising could just go shop the store -- the gas station. And one of the major reasons this is because the -- has been so weak. Because of Europe foreigner and you're buying a commodities like oil dollar based -- actually get this stuff cheaper so you're gonna buy more of the same when the company or comparison or jewelry. Not so for us because the dollar decline makes it more expensive so there's -- battle that's going on. And that is do we increase interest rates so that it'll make the dollar for a off from up. Beat -- against inflation and it's kind of very counter intuitive. But we've got this month -- mentality going on that maybe we needed a rate increase yesterday to show the world that we really want to -- commodity prices and were serious. About getting things straight so that you who knows what it is the markets into a regular basis. Right now -- we're going to continue to update this do we have a rate cut or do we -- rate increase because a dollar commodities so it's. It's again very tolerant to the so called Plavix -- probably figure in look at the numbers that impede that profit warning this morning structured down commodities there are present is that fifteen Dow's down a hundred point three Nasdaq down thirty. -- got oil prices unfortunately Apple retreat sixty -- at 138 pleasant goals of 26 dollars so you got markets going in the wrong direction as."
[1:40]" we're looking also today -- jobs claims and there are some new revised GDP numbers."
[1:45]" Yeah we get a job claims are pretty good they were flat kind of unchanged in the weekly numbers so I think that's good news GDP numbers were revised up 1% 2% that we were up 1% for the first quarter. Meant I was a little less than expected but you know what it's -- it's official there is no recession in the first quarter."
[2:02]" Okay I don't know blanket -- a fictitious so interesting stock talk -- didn't."
[2:08]" You know really at this morning at the which really -- in the markets is the financials again a week. Effectively -- Goldman Sachs come out and they're cutting all of their weather and the other brokers and particularly the -- Citigroup on what they call their conviction sell list so I think we knew it would have one more part of the industry really beating on the rest of their brother and doesn't help that kind of a slap in the face the kind of like your favorite golf -- They use to link in the public that is that I think I've had that has been. Goldman Sachs could also downgraded GM and and another 33 year low but there's still downgraded them. After getting hit 2 unfortunate this morning Oracle and -- you know it's phenomenal numbers yesterday. But they're worried about the outlook even Nike they had -- profitability of 12% but they're a little less optimistic and looks like we're going to battle brewing in because looks like a -- where's it going to reject the in bid from the Belgian company in -- kind of sit back thing the Warren -- the biggest shareholder. Or he wanted to do so I think we're going to sit back and see what happens to that battle."
[3:08]" I will be watching that and everything else today on the Markus thank you David"
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