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[1:02] ..." although prices were a lot lower approve it does bring out failed mortgage applications and picked up the dollar is stronger. But he had to think thing about the data for the last several days visit that is the most of it's been relatively neutral. Sort of like a tie game there's been no definitive bad old good news is that if you go back several weeks. You know despite the volatility it would observe in the stock market the last several weeks. The market has really been treating. Within a relatively narrow range all -- up what's gone up has come down. What gunned down at -- back up again there's really no real nutrient"...
[1:47] ..." week. A couple of things number one they had been poor's cut Freddie Mac and Fannie Mae's credit ratings on the -- subordinated debt debt issues slightly. -- little bit of a lot surprised given. Freddie Mac success than in floating its two billion dollars dead issue yesterday. And yet yet he also announced. That they have a problem"...
[0:00]" Bob -- the president and CEO of generation is in predict her so this morning good morning -- morning -- How are we looking this morning."
[0:07]" Well we're looking better than if you and I talked about an hour ago but the stock futures were actually low for most of the morning but about an hour or so ago. They picked up into trading much higher mainly due to one piece of good news and that is of durable goods orders for July. Came out earlier than it anticipated. And also much higher than anticipated they surged one point 3% in July. Which was way above the expectations of around a point two one that content of a percent increase. At the second month in a row the durable goods orders have been very very strong. And that is change the mood of the market this morning and it's also probably gonna squash recessions he used to."
[0:46]" And and fact there is even some other positive music came out yesterday that I'm sure the markets like."
[0:52]" Yeah I mean everyone is looking for that glimmer of hope in any of the data. The consumer confidence was that was up slightly yesterday. Some positive news on the housing data although prices were a lot lower approve it does bring out failed mortgage applications and picked up the dollar is stronger. But he had to think thing about the data for the last several days visit that is the most of it's been relatively neutral. Sort of like a tie game there's been no definitive bad old good news is that if you go back several weeks. You know despite the volatility it would observe in the stock market the last several weeks. The market has really been treating. Within a relatively narrow range all -- up what's gone up has come down. What gunned down at -- back up again there's really no real nutrient trends and that's like people. A kinda -- on anything that they can into the positive implications from the --"
[1:43]" Positive news aside we still have issues in the banking industry."
[1:47]" Oh do week. A couple of things number one they had been poor's cut Freddie Mac and Fannie Mae's credit ratings on the -- subordinated debt debt issues slightly. -- little bit of a lot surprised given. Freddie Mac success than in floating its two billion dollars dead issue yesterday. And yet yet he also announced. That they have a problem bank list is now up to a 117. From ninety. You know we're in the first quarter which is not unexpected given the credit crisis who have been experiencing a soft housing in the -- instruction because the quality lending. It -- and they for the banks -- don't have the balancing that they want pet."
[2:25]" You're a couple stocks you're watching today bought."
[2:28]" Well China mobile big subscriber growth in the wireless market worldwide. That's a good one. Heineken profits are way out is visiting a behind India's. Speaking of beverage star -- Babbitt took them out there 11000 dollar coffee maker of the people awake. And finally you gotta watch the banks because you know why you -- that the individual ones that will be good indicator of what sectors do."
[2:54]" we'll keep an eye on those involved Goff thank you."
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