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[0:23] ..." the concern just all the financials in the continuing again this morning. Freddie Mac and had the worst numbers and expected earlier in the week and -- were expecting much from them but the reality is the other half of the 2 Big East this morning. Any minute given the same to news about the fact that they show a wider loss -- two point three billion and expected so. They too like Freddie Mac cut their dividend in the stock off about 7% this morning again to more concerns about the financials. The techniques such in"...
[1:30] ..." morning -- I was down thirty no effect on behalf. Oil prices also were down still wants certainty of Nicole -- almost thirteen dollars and it's 65 that."...
[3:00] ..." the week. And also settlement recently in the auction rate securities between Merrill Lynch and Citigroup here in Massachusetts UBS. Wouldn't try to resolve this problem but again talked to weaken the financial back orient."...
[0:00]" Time for our before the bell stock report WBZ financial editor J -- standing by this Friday morning hi David good morning. Beating by -- value -- that. Hello -- and everybody got my treatment and access is all right let's go to the futures under the look this morning that a kind of flattered that."
[0:18]" Little bit it's it's been tough week with the least support -- point swings like we can't go last week as well but the concern just all the financials in the continuing again this morning. Freddie Mac and had the worst numbers and expected earlier in the week and -- were expecting much from them but the reality is the other half of the 2 Big East this morning. Any minute given the same to news about the fact that they show a wider loss -- two point three billion and expected so. They too like Freddie Mac cut their dividend in the stock off about 7% this morning again to more concerns about the financials. The techniques such in the this morning that I saw then maybe its -- optimism mr. In the idea that that municipal bond insurance company there has started had a tough time in which from the 70s everybody knows this morning it's it's right by. It's and -- they actually have -- right up you know we talked you know about these breakdowns in the first glimmer of hope. Actually at some point done these bond prices may come back. Indicated they hedged their -- so -- some more down the road we are going to see bond prices come up and they have to show the proper one point seven billion dollars in the start up a couple of percent to -- be somewhere down there grasping for straws but there's a glimmer of hope of credentials. To -- morning -- I was down thirty no effect on behalf. Oil prices also were down still wants certainty of Nicole -- almost thirteen dollars and it's 65 that."
[1:39]" I David those numbers on productivity are out."
[1:43]" guess what I think -- what we're pulling our own -- worker -- these days productivity was up two point 2% for the second quarter actually expected a little bit more -- was me by the response the fact that. The inflation numbers that are imbedded in the hours that we work is actually a little bit status of the net effect is okay. In the last year we made two point 8% more stuff power that is -- bank for working boxer mistakes. But again this is a sign that corporate profits should raise increase their standard of living it. All of this semester coming hours we worked -- what stuff we make it provides a principle number but it's sometimes hard trigger. I pulled you know the Dreamliner 77 from going to get their first cancellation of every been -- where these things yet. One out of replaying the days of -- on the ordered as Serbian -- returned to even though it hasn't farmer Jack told hopefully we'll see here not too much or that. Results are seeing now the dollar actually doing very well with some nice strikes -- in the world lately and we're seeing this morning it's one of the best state that we haven't for years this is the sign that the US is finally getting some more respect or not Rodney Dangerfield anymore and you know the other side is this is that we don't want too much respect because of it is. That makes the cost of our -- to look -- more expensive but it could rally in the dollar. Beazer Homes without a narrower loss than expected we've heard a little bit of that earlier in the week. And also settlement recently in the auction rate securities between Merrill Lynch and Citigroup here in Massachusetts UBS. Wouldn't try to resolve this problem but again talked to weaken the financial back orient."
[3:10]" Hi David -- thank you enjoy the weekend David yeah."
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