Before the Bell 8/19/2008

[0:12] ..." like usually has always been -- that is also the good news oil prices that dropped below a hundred. Twelve dollars a barrel partly because tropical storm that he won't be -- in Somalia oil producing"...

[1:14] ..." stock continuing the bad news seen Home Depot -- the nation's largest home improvement retailer reported -- 24% drop in second quarter profits that beat expectations. But it's still pretty downbeat given the weak housing and home improvement market they don't see any signs of improving. The number two discounter target said its second quarter profits of 76%. And it -- saying that consumers are being delinquent on credit card payments and the payback -- shopping for apparel"...

[2:04] ..." gone away and they have reported in an SEC filing federal hate Anheuser bush yell orders pushed for about ten point four million dollars after its takeover including a 120000. Dollars a month and that"...

[0:11]" Well I guess like usually has always been -- that is also the good news oil prices that dropped below a hundred. Twelve dollars a barrel partly because tropical storm that he won't be -- in Somalia oil producing infrastructure in the gulf. The bad news. US home builders sharply reduced number of new homes -- into line and dropped also the number of new single the only permits to. The lows of 126 years corn the Commerce Department. It's and others aren't so 11%. That's the lowest level in seventeen years and then housing starts -- down about 30% for the year. The other bad uses US producer prices rose bigger than expected one point 2% in July. Obviously didn't -- the higher prices for energy and food. And in the last bad that a bad news is that former chief economist for the I met the International Monetary Fund. Said that he expects a large US bank to fail before this you know the speed of economic bad news you know goes away."

[1:14]" Lots of retail stock continuing the bad news seen Home Depot -- the nation's largest home improvement retailer reported -- 24% drop in second quarter profits that beat expectations. But it's still pretty downbeat given the weak housing and home improvement market they don't see any signs of improving. The number two discounter target said its second quarter profits of 76%. And it -- saying that consumers are being delinquent on credit card payments and the payback -- shopping for apparel and other discretionary merchandise. And then lastly Staples in the retail sector. Said that its profits fell -- because an acquisition but partly because concern -- much. And then actually Brothers looks like it's and unload one of the asset management firms in general dynamics says it's buying a company called jet aviation about two point two billion."

[2:02]" You know golden parachute had not gone away and they have reported in an SEC filing federal hate Anheuser bush yell orders pushed for about ten point four million dollars after its takeover including a 120000. Dollars a month and that consulting fees. And then -- total package moved about thirteen point to another thirteen point three million on top of that though. You know it's just yeah like yeah."