- Highlights
- Full Text
[1:24] ..." proper troops percent. The blame was on soft US market and higher raw material which we then you're just talking about so. The guidance was really what hurt because that was lower than expected despite public seems to be big demand for agricultural products and you know they're make equipment partisan response against the good of a disappointment. And home building arena we saw behind builder Toll Brothers not good news to report their revenue down 34%. Back walks down to 52%. Signed contract -- 35% so we were expecting"...
[2:13] ..." own stock back at. He's big retail or -- they -- a quarter profits drop a little bit. That some of these nonrecurring items it's hard to look at what we're seeing used. Where a lot"...
[2:39] ..." They look at the -- Caremark looks like they're going west they're buying longer to collect two point 9000000032%. Premium there. Luke -- off also but 10% this"...
[0:00]" WBZ financial editor -- Chris doesn't this morning -- gave -- Market digesting a lot of information this morning."
[0:06]" It's six of a busy day considering where you know have we could weaken in the -- about it that they almost into the summer coming up the products but a lot of traders are -- they're still working. And of course was still worried though I think is key issues are. Retail sales a little bit on inflation and and also -- earnings stories continues to. But to the retail side that we got the -- this morning ready dirty and they orbit they were actually down 1% 2% for July so it's certainly not at all direct consumer out there as we saw also get beat up pretty hard. It is isn't this a little bit better than anticipated but still not robust consumer. We look at the inflation concerns community import prices which -- up one point 7%. And that's a record high and that's so high that these indexes rose president a year 42% particularly you know this is a tough time but good news is is maybe we're starting to see some of these oil and commodity prices conservatively but not a big number they're so. Inflation worries coming up. It's -- it's news and business inventories to -- would suspect in a petition also right now and get a total market S&P down about five point eight we doubt about 52. That's that's sent to the next half full of about 37 cents -- thirteen and also 82822."
[1:16]" And you mentioned those earnings David what about."
[1:19]" The big disappointment sporting was Deere and company United didn't quite make their numbers that they were okay proper troops percent. The blame was on soft US market and higher raw material which we then you're just talking about so. The guidance was really what hurt because that was lower than expected despite public seems to be big demand for agricultural products and you know they're make equipment partisan response against the good of a disappointment. And home building arena we saw behind builder Toll Brothers not good news to report their revenue down 34%. Back walks down to 52%. Signed contract -- 35% so we were expecting much stick together but. It was interesting that we so the CEO Robert -- was talking about. Growing at commendable people who were putting off building dominance against I guess that's grasping at something. A maker of video they -- bit of a disappointment we have about a 140 million dollar loss to report. Do some production problems that came up with the good -- what they're going to simply going to buy their own stock back at. He's big retail or -- they -- a quarter profits drop a little bit. That some of these nonrecurring items it's hard to look at what we're seeing used. Where a lot of these companies in America but to other retailers are doing what we call you pot they're under promising and walked over deliver -- that we're seeing this morning also plant materials. A bit of amid this morning Internet chipmaker equipment companies and also -- business to."
[2:36]" I just spoke -- on twenty seconds here I think correctly."
[2:39]" They look at the -- Caremark looks like they're going west they're buying longer to collect two point 9000000032%. Premium there. Luke -- off also but 10% this morning again on lowering their forecasts. Also we're driving four point -- percent less in June I guess we are starting to be better consumers spot by analysts or own guests."
[2:59]" All right and it's reflected at the pump all right David thanks so much."
Del.icio.us
Digg
Reddit
