[0:53]..." losses -- if you look at this earnings season you know even Wells Fargo was up this morning with the big one so they -- getting those losses I think you'd think he'd get those assets. Also their books and they go back the plan if you would of what the purpose was to be about but to be pretty good so. That we got a great -- second they have a job basically or maybe third the third day on the job. As so he's going to be at all political over the -- what we've got and I think the majority of financial stocks are really like infect most of the financials are very big this -- so. These are start it and he teaches at nineteen point eight. Does the 159. We that the NASDAQ up to 48 oil prices down around twenty cents a forty want to change in gold down to fifteen years and eight and seven. "...

[0:21]..." good start. To be the fourth day in -- world that we CBS and the -- advocates expect the -- Summers have been the scene looked something like that. I have -- against the there "...

[1:33]..." it's not been pretty so far but they they continue to come AT&T was up this morning and they were down 23% on the auditing company. But the good news is is that they had "...

[0:21]..." about the clutter so this morning we got the three popular names American Express DuPont to Texas Instruments. Not helping yourself all locked the American Express was 79% drop. For the fourth quarters but it took a lot of write downs and there about a -- behind expectations that a lot but again the financial -- some tough times. DuPont they have losses while they cut their outlook. The loss looks to be about seventy cents a share in the street was only expecting about twenty cents -- so. They also came out and cut the forecast and I agree when their Texas Instruments speaks semiconductor company that reported 86% drop in the profits so. They too were cutting about 3400 jobs and they warned -- "...

[1:21]..." we've been here it was something were to go to their. A Bristol-Myers also in the drug group most profitable point two billion dollars and are you that but this department of I think a "...

[1:47]..." David to the housing market a nice surprise on some housing numbers yesterday but today a different report. "...

[1:33]..." the 38 years. And don't even mention about a 137. Of the S&P 500 are coming out of their earnings so we got -- spectacular surprise about it at least a little bit of lift this morning know what we get disappear tent. A 1048 -- has -- nine point eight oil prices are down about 75 cents at 45 and change. And we also got that the -- booked August 11 has such six "...

[0:46]..." not so bright new year to date it has -- 8% the S&P down almost 8%. That's the extent six point 3% small cap Russell 2011%. Of we're so all those of you looked overseas "...

[2:54]..." Camera looking at a big deal on Wall Street. "...

[2:25]..." profit they got to climb in the market and we also know Harley-Davidson cutting some jobs about 1100 as -- we're losing our desire and maybe some more of a pocketbook wanted to be able to buy those things even the oil that's that was kind of wanted to -- Schlumberger came -- the they had some tough times ahead earnings struck 70% -- don't seem to be getting better. As oil prices come down. How to protect your -- and deals are again it looks like go to the world were trying to get some things done. With this Fiat and Chrysler deal with there's a little but rumblings that something's could go wrong over their. Also we got -- Austin in doubt try "...

[0:23]..." right here again this morning. So put -- just about GE -- earnings were off about 46%. Do some of the problems we obviously knowing what's going on the financials and also the "...

[0:15]..." the good news and earnings -- the bank Northern Trust Abbott labs so -- deter that we can make money and it's not the end of the world despite being in this recession but "...

[1:17]..." fourteen point four right now. That was 733. An aspect that 42. Oil prices don't about a -- it took 42 and a half from the third school book report wanted to he's 53 -- "...

[2:45]..." Hi David Caruso thank you and. "...

[1:42]..." Abbott labs they actually beats seemed to be doing pretty well. A United Technologies that it does start there actually kind of in line with what they're estimated estimation work. And here's what you've got a financial company Northern Trust came up this morning one of the -- and actually did better expected so are probably getting a little -- Magruder and "...

[0:55]..." that there is that a consensus that seems to be that this New York Fed head -- that a lot of involvement in the so let's crisis. Should get the nod anyway and I am afraid "...

[2:39]..." market not long ago on another close to the 10% of the S&P 500 so they are have been dragged down and in this article -- so we're gonna continue to search for the bottom "...

[2:05]..." Friday so I think what we're doing is we're seeing the reaction. Royal Bank of Scotland have a very big knockoff and then we also saw this case -- is going on over there of their former of "...

[3:42]..." Here here all right David Caruso thank you. "...

[0:46]..." they're gonna stop -- we saw some big losses again covered from Citigroup. A Bank of America's that they need more capital as a result of their Merrill Lynch deal so that didn't help much -- the only glimmer opposite JPMorgan they came out they actually make it a little bit "...

[2:25]..." vehicle are coming up tomorrow except. Earnings and Johnson and Johnson and IBM's State Street bank CSX transportation company was interest in today because there's now looks like there's some discussion again. Between New York Times in Mexico's Telecom investor Carlos slim. A -- he's going to pony up some more -- this is gonna get those by "...

[2:12]..." have one of the biggest banks that needs more capital like a Bank of America. I'll have to look a little people to see why that's basically that there was a deal done with the government. Way back when when in September when Lehman was falling apart. And they said they will go ahead and merge with Merrill Lynch and and we don't want another -- to get out but unfortunately had another meeting in December when they updated -- of that plant because. Things looked a lot worse at Merrill Lynch and the government as well as Merrill Lynch Bank of America wanted to get this deal done to look like a second deal was done with a government. Was -- come in in back taxes they didn't want Bank of America walkways -- bottom line is that good deal about twenty billion -- the maximum the Bank of America will take losses and the rest is going to be on the back of the government's so I think the government guarantee is is making businesses and feel a little bit better but it's not going to cause another bank issues so again Bank of America also came out the big loss one point eight billion dollars. Vote or some other earnings so yesterday JPMorgan had a big loss but they did better than expected but this morning Citigroup another huge loss so they've got their -- bill -- they're trying to sell a third the company put them there's an "...

[1:04]..." of a percent for December and again me go to trauma from the Senate to -- dropping in -- study point 3% gas alone was -- at 70% for December so. That makes us feel a "...

[2:26]..." the operations guy and -- to mark time and they're detained because. Steve Jobs says the creativity division that the motivation and intent could make sure that the going to the lights get turned on they make this stuff for bills get paid. But against the joked with -- and two to three years old he's going to be really hard -- the insult to injury today it's RBC cannot downgrade the stock it's it's sell itself -- Republican he would have different. "...

[1:09]..." is continue to be worried about. Deflation a little bit later in New York State manufacturing numbers are becoming out we also in Europe they the other cut rates by half percent to ECB you know 2% "...

[1:47]..." coming out -- it is down three point one -- down nine NASDAQ down nine point two we got world that about a book at a quarter of gold -- about four dollars. "...