Before the Bell 8/26/2008

[0:58] ..." whale. And we just signed up the last twenty minutes as the Consumer Price Index. Nationwide. Was just released. And that's shows they record drop of about sixty and cast -- present in them in home prices"...

[1:36] ..." but -- that soap -- does indeed continue. Share prices surprisingly that Freddie Mac soared yesterday about over seventeen. Percent or 48 cents a share. And -- any may have significant out of went up three point eight the and -- part of the reason for that is that 82 billion dollar look debt sale yesterday Freddie Mac was. Completed. And which is an indication I think. The Wall Street is not totally convinced that but either organization has -- need to be bailed out by the government. They both need about"...

[2:56] ..." quarter but that doesn't necessarily bode well for all the retail. And Delta Airlines the other wanted to keep right on that borrowing against the billion dollar revolving credit really to -- America."...

[0:12]" Yes -- all the drama going on right now. But it really noticed Devon and I suppose we could say that's a good thing about the rejecting it just think things percolating I mean after a broad sell off yesterday -- Some concerns about -- woes. The futures market increased trading early this morning actually signaled a more positive step in the last hour so they've been weakening. And I think that's because the fact that there is so much uncertainty. For example. We'll keep bouncing around like a look at probable all it was down to as -- 113 23 years earlier this morning it's now back up about a 11450. On that new product -- stronger adult. Housing prices yesterday. Also -- catapult. Although they want to go. Sales were up slightly of that but that's because prices whale. And we just signed up the last twenty minutes as the Consumer Price Index. Nationwide. Was just released. And that's shows they record drop of about sixty and cast -- present in them in home prices nationwide. Interestingly enough the Boston market was actually up. A little over 1% yeah. And we're going to see new home sales data -- to -- out about a half an hour. And the next piece of news that the market -- uncertain about its consumer confidence put up for the conference with. And that'll be out. Later today."

[1:36]" Yes but -- that soap -- does indeed continue. Share prices surprisingly that Freddie Mac soared yesterday about over seventeen. Percent or 48 cents a share. And -- any may have significant out of went up three point eight the and -- part of the reason for that is that 82 billion dollar look debt sale yesterday Freddie Mac was. Completed. And which is an indication I think. The Wall Street is not totally convinced that but either organization has -- need to be bailed out by the government. They both need about sixteen billion dollars so by no means are we out of the woods. So the jury is still out there but it was surprising that there was so much positive a feeling about it yet."

[2:24]" Well I'm really concerned more about -- stocks related to the consumer in the retail sector. Stocks like Borders Group a cochlear retailer bit they're expected to post a small -- J crew of the clothing retailer expected both of small gains. Coached the accessories retailer. While this year -- of Iraq they they still plan to buy back. -- billion dollars of its she is over the next eighteen to 24 months that the positive sign. And big lots almost a higher close out retail. Had a great second quarter but that doesn't necessarily bode well for all the retail. And Delta Airlines the other wanted to keep right on that borrowing against the billion dollar revolving credit really to -- America."