JEFF YASTINE: Surging oil prices took a toll on Wall Street today, as crude oil flirted with $50 a barrel. The Dow losing more than 135 points. The NASDAQ dropped 35. Supply concerns sent the Nymex contract for light crude for November delivery up $1.59 to close at $48.35 a barrel. And as Suzanne Pratt reports, those supply concerns could linger for a while.

SUZANNE PRATT, NIGHTLY BUSINESS REPORT CORRESPONDENT: Today`s spike in oil prices was all about supply or, more specifically, the lack of it. Fresh weekly government data showed a nine million barrel drop in U.S. crude inventories. That is a much steeper decline than expected, and it is also the eighth straight weekly drop in supplies. Oil experts blamed hurricane Ivan, which disrupted and delayed crude imports last week and destroyed several platforms in the Gulf of Mexico. Many say there should be some correction in inventory levels in the coming weeks as tankers sitting offshore are finally able to unload. Nevertheless, in light of the latest data, many oil traders believe crude prices could climb higher still.

ERIC BOLLING, INDEPENDENT OIL TRADER: I think you`re going to see this natural knee jerk reaction to the supply numbers that may follow through over the next couple of days. But my guess is that we`re going to kind of level off and then maybe work its way a little bit lower, assuming that these refineries are up and running and able to produce heating oil and gasoline for the season.

PRATT: To others, the question is whether there will be enough heating oil for the season. Today`s inventory data showed a drop in the supply of distillate fuels, which include heating oil. The news sent heating oil prices up to their highest level ever. Distillate supplies are increasingly important to oil markets ahead of the winter, when heating demand increases in much of the Northern Hemisphere. The market expects to see a buildup in stockpiles around this time of year. For now, experts are also blaming recent hurricanes for the shortfall.

JAMES STEEL, OIL ANALYST, REFCO: Not only did offshore problems come in with the crude and discharging of tankers, but also refineries closed, particularly Pascagoula and Mississippi and a number of others. So this has prevented us from producing distillate to be held in storage for the winter.

PRATT: To be sure, today`s inventory data shows mother nature can be a big force in world oil markets and even though the busiest part of hurricane season will soon be over, a long, cold winter could give oil prices another push higher. Suzanne Pratt, NIGHTLY BUSINESS REPORT, New York.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/22/04: The Outlook For The Economy With Lynn Reaser, Chief Economist for Banc of America Capital Management

PAUL KANGAS: Joining me now for some analysis on the events of the day, the outlook for the U.S. economy and the stock market is Lynn Reaser, chief economist for Banc of America Capital Management. Welcome to NIGHTLY BUSINESS REPORT Lynn. Good to see you.

LYNN REASER, CHIEF ECONOMIST, BANC OF AMERICA CAPITAL MANAGEMENT: Good evening.

KANGAS: Do you see any major linkage between today`s steep sell-off on Wall Street and the outlook for the U.S. economy? In other words, is the market telling us there is trouble ahead?

REASER: I think the market sold off today for three reasons. First we had six weeks of sharp run-ups so it was time for a correction. Second the market was worried about this climb in energy prices and there are a couple of disappointing earnings releases.

KANGAS: That there were. What about oil prices? How worried are you about this surge?

REASER: We are worried, if they continue to rise it could pose a threat to the U.S. economy but we have shown amazing resilience. This economy has done well with higher oil prices. We`ve seen continued growth and inflation has not been put at a much higher level.

KANGAS: As we mentioned earlier, the 10-year note yield dropped below 4 percent today. What does that tell you?

REASER: I think it shows the confidence of investors in the bond market that inflation will be held in check. This is despite the fact that the Federal Reserve has raised interest rates. The market is telling us that is more confident that inflation will be kept under control.

KANGAS: Maybe that`s because the economy will be so slack. There won`t be any upward pressure.

REASER: I think the economy is doing fine. I think we`ll see real GDP growth close to 4 percent this quarter. I think we`ll see better job growth resume and corporate profits should still show a good gain in the third quarter.

KANGAS: How do you explain all these corporate earnings warnings?

REASER: We always hear the earnings warnings first before we see the actual numbers for the third quarter. Companies that are going to give us the negative signs are the first to speak.

KANGAS: So the companies are giving us the pessimistic side so that when they come out, the earnings will actually be better than what is said. Is that the idea?

REASER: I think we`re seeing the companies that are going to be showing disappointments speaking out and then we`ll see the full story in the next several weeks.

KANGAS: OK. What about the housing bubble? Does it exist?

REASER: I think we have some problems in certain parts of the country, the northeast and California where prices have gone to levels that are out of range with respect to rents and incomes. But I think we`re looking at a soft landing even in those markets. Some of the homes staying on the market longer, seeing some build up of inventory but I don`t think we`ll see any major crash or decline and certainly not on the national level.

KANGAS: So in other words it`s a regional thing when it comes to overpriced housing.

REASER: I think basically a regional issue and we`ll see this soft landing as opposed to a hard crash.

KANGAS: OK and how is your firm, the Banc of America Capital Management stance? What is the stance in the stock market right now?

REASER: We are positive about the economy. And we think that investors need to be patient, but at this point we still are recommending a slightly overweight position in stocks. We still think the stock market will move higher erratically but that investors want to be in stocks for the long term.

KANGAS: Don`t panic when you see days like this.

REASER: Don`t panic when you see days like this. We will continue to see a lot of volatility in this market. But I think the long-term fundamentals of the U.S. economy are very positive.

KANGAS: Very good. Lynn, thanks so much for being with us. My guest Lynn Reaser, chief economist for Banc of America Capital Management.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/22/04: The US / EU Tariff Tug of War

JEFF YASTINE: With about two weeks left until Congress adjourns for the election, lawmakers still have a laundry list of things to get done. One of them is to fix a two-year-old trade dispute started when the World Trade Organization ruled that some tax breaks to U.S. multinationals were illegal subsidies. This spring, the Europeans retaliated by putting tariffs on over 1,000 U.S. products. And as Stephanie Woods reports, that retaliation is starting to hurt.

STEPHANIE WOODS, NIGHTLY BUSINESS REPORT CORRESPONDENT: Guardian Industries is caught between a trade dispute and a congressional deadlock. The European Union has slapped 11 percent tariffs on the windshield glass Guardian exports there. The tariffs are costing the commercial glass manufacturer $100,000 a month. And without help from Washington, those tariffs will rise.

RALPH GERSON, EXEC. VP, GUARDIAN INDUSTRIES: It keeps going up until it gets to 17 percent. If Congress doesn`t act before it reaches that point, then we have to decide if it`s really feasible to be exporting these products from the U.S.

WOODS: But it`s not just Guardian that has felt the squeeze. From farmers to shoemakers, the Europeans imposed tariffs on 1,600 products. Both the House and Senate have passed bills to fix the problem, but the lawmakers now can`t agree on the details. House whip Roy Blunt says the issue is complicated.

REP. ROY BLUNT (R) HOUSE MAJORITY WHIP: If it was easy to solve, it would have been solved months ago. In fact, if it was easy to solve, we never would have had the problem, because we have a whole tax structure that`s different than the tax structure for almost anybody else in the world.

WOODS: Here`s why the two bills are a mess. In order to pick up votes, the bills became loaded with controversial provisions, including a buyout for tobacco farmers, FDA regulation of cigarettes and energy tax breaks to boost alternative fuels. Analysts say election-year politics also lowers the odds of a bill passing this year.

JOANNE THORNTON, TRADE ANALYST, SCHWAB SOUNDVIEW WASHINGTON RESEARCH: There are many provisions in this bill that provide changes to international taxation that will help multinational corporations and I think that critics of the bill will latch on to those provisions and say this bill is a big giveaway to companies that are already sending jobs overseas.

WOODS: But Guardian Industries says if Congress doesn`t act quickly, it may be forced to send more of its jobs overseas. So by not dealing with the issue now, Congress may be creating even bigger problems down the road. Stephanie Woods, NIGHTLY BUSINESS REPORT, Washington.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/22/04: "The Road to the White House"-The Growing Fiscal Deficit

JEFF YASTINE: Another issue Congress and the president will have to deal with, the growing fiscal deficit. As we continue along the "road to the White House" tonight, we get some insight from an analyst who says Uncle Sam`s red ink will be a serious problem, regardless of who wins the White House in November. And joining us from New York is Kim Wallace, chief political strategist at Lehman Brothers. Kim, welcome to NIGHTLY BUSINESS REPORT.

KIM WALLACE, CHIEF POLITICAL ANALYST, LEHMAN BROTHERS: Thank you Jeff. Good to be here.

YASTINE: The latest estimate for the fiscal deficit that I saw was like $422 billion or so. John Kerry has been hammering Mr. Bush quite a bit on this but it doesn`t seem to have that much impact. Why isn`t it more of an agenda right now for either party?

WALLACE: Well I think there are two reasons. The first is the market is not really upset by deficits at this level. On a structural basis we`re looking at 3.6-3.7 percent of GDP. Although that`s about the level we were in the early `80s, the last time the markets did care about deficits. The markets are more focused on the election and other issues now. Secondarily, fiscal policy doesn`t have much of a retail political value. Voters, average voters and mom and pop don`t get too upset about it unless it starts to pinch the pocketbook. With rates as low as they are now, you`re probably in a sweet spot for a little while in terms of being able to fade the heat.

YASTINE: Well, deficits don`t matter right now Will they matter in the next year or two when the political environment clears up a little bit?

WALLACE: I think they will once you get through the uncertainty of the elections and also when you begin adding more to those deficits. Congress right now is trying to get out of town and passing the baby tax bill, not the larger tax bill Stephanie was referring to, but a smaller tax bill that will cost $150 billion over 10 years. It might sound like a little bit, but it`s just adding more weight to a already red ink sea. You throw on top of that prescription drug benefits that was passed in `03 that doesn`t come on line until `06, you have a number of pressures along with an ongoing appetite in Washington to continue to spend at year over year increases in the high single digits.

YASTINE: We have five or six weeks to go here before the election. In terms of what matters most to voters in your thoughts right now, is it Iraq or is it the economy?

WALLACE: Well I won`t use my thoughts. I`ll use what the data says and all of the polls and it`s been consistent for about four quarters now. It is Iraq, terrorism and then the economy usually in that order. I tend to couple the first two together, meaning that national security is likely to be the chief determinate in the outcome of this election.

YASTINE: Do you think that the economy might come more into focus? We have oil now breaking or getting close to the $50 a barrel range once again. We had a sort of a down day for the market. Perhaps if the data that comes out like the jobs report for September comes out in another week, week-and-a-half, do you think it could move more to voter`s minds?

WALLACE: I think it might move to their minds. Whether or not it moves to their fingers as they cast ballots is a different question. The mind set of voters will be affected by the headlines that are written going into mid October, end of October when we get the employment report on the 8th, confidence on the 15th and then the advanced third quarter report on the 29th of October. Obviously most Americans don`t download those reports and pour through them. The headline writers do and that will affect mindsets, but still, there will be enough lag between that news and anything that happens in the purse or the pocketbook. I still believe the economy will be a distant second factor to national security this year.

YASTINE: What do you think is going to be again when we get past the election, what do you think is going to be on the agenda for the new Congress and I guess we`ll have to presume either a Republican Congress or a Democratic Congress.

WALLACE: I like the way you set that up, Jeff because I think events are going to force themselves on to the agenda irrespective of who is president. Issues like pensions. We now have in defined pension programs, defined benefit programs, we have a $400 billion gap between liabilities and assets. That can improve if the market improves but it`s still a pretty wide gap. I think tax reform and fiscal policy are going to force themselves on to the discussion almost irrespective of who is in office. President Bush wants to continue with tax restructuring. Senator Kerry has signed up to returning to the days of fiscal discipline so you`re going to have that discussed in Washington.

YASTINE: All right. We`ll see a lot more discussed in Washington before it`s all over with. Kim, we appreciate your time on the program.

WALLACE: Thanks, Jeff.

YASTINE: Our guest Kim Wallace, chief political strategist at Lehman Brothers.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/22/04: "Money File"-Index Funds Vs. Managed Mutual Funds

JEFF YASTINE: In the "Money File" tonight, some points to consider when you`re considering whether to invest in index funds or actively managed mutual funds. Here`s John Waggoner, mutual fund columnist for "USA Today."

JOHN WAGGONER, MUTUAL FUND COLUMNIST, USA TODAY: Reams of evidence show that index funds are an extremely low-cost, tax- efficient way to invest in stocks. But the average stock mutual fund has gained 9 percent the past five years, while the average index fund has lost 9 percent. What gives? Well, three things. First, you really can`t compare an index fund to the average stock fund. Index funds ditch the fund manager and simply try to track a broad stock index -- most commonly, the Standard & Poor`s 500 stock index. The S&P 500 measures the performance of large-company stocks. The average stock fund measures the performance of funds that invest in large, small and mid-sized companies. In fact, when you compare large cap funds to index funds the past five years, index funds come out ahead. Second, the S&P 500 gives more weight to larger companies and it measures a company`s size by multiplying its current price by the number of shares outstanding. The higher a company`s stock price, the greater its influence on the S&P 500. By the end of 1999, the S&P was chock-full of large technology companies, such as Intel (INTC), IBM (IBM) and Lucent (LU). When the market fell, these stocks and the S&P 500, got slammed. Finally, index funds park very little money on the sidelines in money market securities. When the market falls, they have no cushion. The theory behind index funds is sound. Most funds can`t beat the broad indexes after expenses. So a low-cost index fund will usually win in the long term. If you have more than 10 years before you`ll need your money, then stick with an index fund. But if you can`t afford it, there`s not much comfort in losing money cheaply. Mix your index fund with a bond fund so your losses aren`t more than you can afford. I`m John Waggoner.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

9/22/04: "Paul Kangas' Stocks In The News"

PAUL KANGAS: Wall Street opened sharply lower on everything from those higher oil prices to lower earnings from Morgan Stanley to a downgrade on Cisco Systems. The Dow tumbled 120 points by midday, while the NASDAQ was off 30 points. As oil moved above $48 per barrel, the market was plagued by even more earnings warnings this afternoon and ended near its low of the day. Dow industrial average lost 135 3/4 points putting it at 10,109.18. The NASDAQ Composite down 35 1/2 points at 1885.71. Standard & Poor`s 500 index fell 15 3/4 points to end at 1113.56. Treasuries ended higher across the board. The 10-year note rose 16/32 pushing the yield below 4 percent for the first time in about five months.

For the third day running, Pfizer (PFE) topped the active list today on 19.2 million shares, down $0.69.

Followed by Citigroup (C) which fell $1.27. Last Monday, Merrill Lynch downgraded Citigroup from a "buy" to "neutral." It`s been weak ever since.

Then Morgan Stanley (MWD) off $3.66. The company`s third quarter earnings sharply lower, $0.76, down from $1.15 last year and that was $0.20 below the Wall Street estimate.

General Electric (GE) down $0.53.

Bucking the trend was Motorola (MOT) up $0.11, fifth in big board volume. And then Fannie Mae (FNM) losing $5 a share. The SEC has launched an informal inquiry of accounting practices at Fannie Mae and that`s amid indications there might have been some earnings manipulation.

Lucent Technologies (LU) $0.07 loss there.

$0.12 drop in Time Warner (TWX).

Nokia (NOK) fell $0.25.

And so did J.P. Morgan Chase (JPM), tenth in big board volume.

Procter & Gamble (PG) down only $0.58, no doubt cushioned a bit by an upgrade from AG Edwards brokerage from "hold" to a "buy."

But let`s have a look at some of the biggest losers in the Dow Industrial Average. United Technologies (UTX), IBM (IBM), 3M (MMM) and Boeing (BA). The combination losses of these four issues hurt the Dow Industrial Average by about 38 points today, rough day on the blue chips indeed.

Eastman Kodak (EK) formerly a Dow stock, was up $0.51 today. The company sees its digital products sales and services rising 36 percent between 2003 and 2007 and also forecasts 2005 earnings will be above this year`s level.

FedEx (FDX) down $3.48, even though first quarter earnings more than doubled from last year, $1.08 versus $0.42, but the company`s full year estimate of around $4.50 a share is below the Wall Street consensus and that`s apparently what hurt the stock.

Bear Stearns (BSC) down $2.14. Third quarter earnings lower, $2.009, down from $2.30 last year, but that was $0.10 above the Street estimate but a rough day indeed, no matter what.

Wendy`s International (WEN) down $2.16. The company cut its earnings outlook because of the recent hurricanes and CS First Boston brokerage downgraded it from "outperform" to "neutral" and cut its price target on Wendy`s from $46 to $36 a share.

Christopher & Banks (CBK) down $2.68. The women`s apparel retailer reported lower second quarter earnings, $0.15 down from $0.22 a year ago. Same store sales in the period fell 6.6 percent. Standard & Poor`s downgraded Christopher stock from "hold" to "avoid."

And then another big loser, Nelnet (NNI) dropping $3.01. Dow Jones news service reports the educational financing company said changes in the Federal student loan program could have material adverse effects on its business.

And then the big gainer of the day percentage wise International Shipholding (ISH), would you believe the company`s policy is not to comment on stock moves, the best percentage gainer.

Microsoft (MSFT) topped the active list on NASDAQ, down $0.14.

Cisco Systems (CSCO) down $0.69. Deutsche Bank Securities downgraded Cisco from "buy" to "hold," cut its price target from $26 to $21 a share, because of the company`s rather uncertain outlook.

Intel (INTC) down $0.66.

$0.79 drop in Yahoo! (YHOO).

eBay (EBAY) off $1.87.

QUALCOMM (QCOM) fell $0.77.

Oracle (ORCL) $0.27 drop.

Research In Motion (RIMM), profit taking there, $2.85 loss.

$0.52 drop in Applied Materials (AMAT).

Amazon.com (AMZN) fell $1.91.

Onyx Acceptance Corporation (ONYX), look at that gain, up nearly $11. Capital One financial will acquire the company for $28 a share in cash.

And World Airways (WLDA) did well, up $1.60. The company boosted its third quarter revenue guidance from around $118 million to $128 million.

Those are the stocks in the news tonight.

Nightly Business Report transcripts are available on-line post broadcast. The program is transcribed by eMediaMillWorks. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. Copyright (c) 2003 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

09/22/04: Market Stats

                  
                                      NET    PERCENT
                         CLOSE     CHANGE     CHANGE

DOW CLOSE             10109.18    -135.75      - 1.3
HIGH                                        10244.05
LOW                                         10097.37

NASDAQ COMP.           1885.71     -35.47       -1.9
HIGH                                         1910.23
LOW                                          1884.85

VOLUME                                       1,379.2
PREVIOUS                                     1,316.6
UP VOLUME                                      211.3
DOWN VOLUME                                  1,157.6

DOW TRANSPORTS         3194.66     -76.56      - 2.3
DOW UTILITIES           294.68      -1.17       - .4
CLOSING TICK                                    +501

S&P 500                1113.56     -15.74      - 1.4
S&P 100                 536.84      -7.90      - 1.5
MIDCAP 400              587.12      -7.20      - 1.2
REUTERS/CRB             279.49      +1.56       + .6

NYSE COMPOSITE         6548.56     -84.66      - 1.3
VALUE LINE              357.13      -5.78      - 1.6
RUSSELL 2000            565.89     -11.03      - 1.9
DJW 5000              10861.63    -148.59      - 1.4

U.S. TREASURIES
5-YEAR NOTE 3.375%
Sept. 15,2009        100 18/32      +5/32     + 3.25

10-YEAR NOTE 4.25%
Aug. 15,2014         102  5/32     +16/32     + 3.99

30-YEAR NOTE 5.375%
Feb. 15, 2031        108 30/32    +1 2/32     + 4.78

LEHMAN BROS.
LONG BOND INDEX        1784.05     +11.01


DOW CLOSE             10109.18    -135.75      - 1.3
ADVANCES                                         996
DECLINES                                        2316
NEW HIGHS                                        103
NEW LOWS                                          27

                                      NET    PERCENT
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE
PFE   Pfizer             30.20       -.69       -2.2
C     Citigroup          44.38      -1.27       -2.8
MWD   Morgan Stanley     48.72      -3.66       -7.0
GE    GE                 33.93       -.53       -1.5
MOT   Motorola           17.94       +.11        +.6
FNM   Fannie Mae         70.69      -4.96       -6.6
LU    Lucent Tech         3.29       -.07       -2.1
TWX   Time Warner        16.45       -.12        -.7
NOK   Nokia Corp         13.89       -.25       -1.8
JPM   JPMorgan Chase     39.85       -.25        -.6

NASDAQ CLOSE           1885.71    - 35.47      - 1.9
VOLUME                                       1,606.1
PREVIOUS                                     1,534.1
ADVANCES                                         780
DECLINES                                        2277

NASDAQ ACTIVES
MSFT  Microsoft          27.12       -.14        -.5
CSCO  Cisco Systems      18.96       -.69       -3.5
INTC  Intel              20.42       -.66       -3.1
YHOO  Yahoo!             32.47       -.79       -2.4
EBAY  eBay               88.78      -1.87       -2.1
QCOM  Qualcomm           38.68       -.77       -2.0
ORCL  Oracle             11.14       -.27       -2.4
RIMM  Rsch In Motion     73.60      -2.85       -3.7
AMAT  Applied Matl       17.11       -.52       -3.0
AMZN  Amazon.com         41.38      -1.91       -4.4

AMEX CLOSE             1254.68     - 7.65       - .6

INDEX SHARES
DIA   DIAMONDS TRUST    101.13      -1.24       -1.2
QQQ   NASDAQ 100         34.94       -.66       -1.9
SPY   S&P DEP.RECEIPTS  111.51      -1.48       -1.3

STOCKS IN THE NEWS

PG    Procter & Gamble   54.30       -.58       -1.1
UTX   United Tech        93.71      -1.44       -1.5
IBM   IBM                84.31      -1.41       -1.6
MMM   3M Co              80.23      -1.34       -1.6
BA    Boeing Co          53.68      -1.02       -1.9
EK    Eastman Kodak      32.18       +.51       +1.6
FDX   FedEx Corp         85.21      -3.48       -3.9
BSC   Bear Stearns Cos   87.95      -2.14       -2.4
WEN   Wendys Intl        33.34      -2.16       -6.1
CBK   Christopher &Banks 16.59      -2.68      -13.9
NNI   Nelnet             21.65      -3.01      -12.2
ISH   Intl Shipholding   16.40      +2.22      +15.7
ONYX  Onyx Acceptance    27.26     +10.96      +67.2
WLDA  World Airways	  5.67      +1.60      +39.3