11/22/04:
Tis The Season For Oil Prices To Rise
PAUL KANGAS:Oil prices held steady today after Friday`s steep
rally, despite continued concerns over oil disruptions from Russia and
Iraq. Crude prices did not hit $50 a barrel, as many analysts had feared.
But as Erika Miller reports, a cold blast of winter weather could cause oil
prices to surge again.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Calm returned to the
New York oil pits today, as crude oil futures backed down from their two-
week highs. After topping $49 in early trading, light sweet crude for
January delivery closed down $0.25 at $48.64 a barrel. Traders say profit-
taking was at the heart of today`s pullback, but many are predicting crude
prices will soon resume their upward trek on concerns about heating oil
shortages this winter, especially as cold weather hits North America and
Europe.
RAY CARBONE, OIL TRADER, PARAMOUNT OPTIONS: The sense is that the winter
is going to determine where this market goes. We`re going into the winter
with the lowest heating oil stocks we`ve ever gone into a winter. That can
spark a rally with just a weather prediction and it has.
MILLER: Adding to the supply worries is speculation that OPEC may reduce
its crude oil quota at its next meeting December 10. Ministers for Iran
and Venezuela say a cut in production is necessary to combat a global oil
glut and prevent prices from plummeting. But so far, that proposal has not
been supported by Saudi Arabia, OPEC`s largest producer and analysts
predict such a cut is unlikely.
JEB ARMSTRONG, OIL ANALYST, ARGUS RESEARCH: Considering right now where
oil prices are, it behooves these countries to produce as much as possible,
because a lot of them run budget deficits and they need to generate as much
revenue as they can.
MILLER: Most oil traders see little that could help push down prices in the
coming weeks, unless the winter is unusually mild. Many are betting crude
will retest the record $55 a barrel level hit in late October. Some
experts say a rally to $60 a barrel is possible.
CARBONE: There`s certainly every indication that we could go right back up
to the highs without much trouble.
MILLER: Traders will be paying close attention to U.S heating oil data out
Wednesday. Some analysts expect it to show a sizable drop in stockpile
levels, which could add to the market`s nervousness. Erika Miller, NIGHTLY
BUSINESS REPORT, New York.
GHARIB: Oil prices are heading lower next year, according to a new survey
today by a group of economists. Joining us now with more on the oil
forecast and other predictions from the National Association of Business
Economists, Carl Tannebaum, chairman of the NABE outlook survey. Hi Carl,
nice to have you on our program.
CARL TANNENBAUM, CHAIRMAN, NABE OUTLOOK SURVEY: Good evening Susie.
GHARIB: Let`s start with oil. You just heard our report where a number of
analysts were saying that they see oil prices spiking higher. Your survey
just the opposite. Give us the analysis.
TANNENBAUM: We take a survey quarterly of our membership on macro economic
conditions and we`ve asked specially about oil the last couple of times
because it`s such an important variable for consumers sand businesses. The
latest survey finds an expectation that crude oil will be trading at $46 at
the end of this year and $40 at the end of next year. And while a lot of
the factors already mentioned are important, let`s not forget that higher
oil prices are a considerable incentive to investigate alternatives, to
explore for more and to conserve, all of which will likely being employed
by American consumers and businesses in the months ahead.
GHARIB: Now your survey was also pretty upbeat in term of U.S economic
growth. Is that because of this oil forecast?
TANNENBAUM: Well, certainly in part. Also it`s been encouraging since the
election negativity and uncertainty has been removed. We`ve gotten some
very good readings, good momentum in sales. Employment seems to be picking
up, which should give consumers the wherewithal to continue spending and
we`re expecting that businesses will continue to invest to becoming
efficient. So overall, we`re expecting a growth of three and a half percent
next year which should be very productive for most businesses.
GHARIB: And how about the job market, Carl? What`s the outlook there?
TANNENBAUM: Well, it`s been very frustrating for many because we haven`t
created the number of new jobs we normally would during an expansion. But
lately we seem to be getting some traction there. Productivity, which tends
to hold down hiring, has been getting back to more normal levels. Our
forecasters see 2.2 million new jobs created in 2005, again a very strong
reading that should contribute to the expansion.
GHARIB: Now as you know, the dollar`s been getting a lot of attention
recently. What about the conclusions of your survey about the dollar?
TANNENBAUM: Well, we have a very deep trade deficit. Our forecasters are
expecting it to exceed 600 billion both this year and next. So we asked
the panel, where is it going to break? What might encourage a movement back
towards balance and almost half said that a dollar adjustment was necessary
to try and get the trade deficit back into line. Let`s remember that when
the dollar is weak, experts become cheaper, imports become more expensive,
creating a natural adjustment mechanism. So it may not be a bad result.
GHARIB: Any sense on the trend of which way the dollar is going to be
going? Is it going to be getting stronger from your survey. Did you ask
that specifically?
TANNENBAUM: We didn`t ask about currencies, but we gathered in Washington a
couple of weeks ago to speak with policymakers and the feeling was that the
dollar may decline a little bit further, but the administration does not
want to see this get disorderly. Let`s remember that foreign investors buy
a lot of our treasuries. They`ve kept interest rates down. We can`t spook
them by having our currency flying too much lower.
GHARIB: Speaking of Treasuries, your economists were very upbeat about the
stock market, not so optimistic about Treasuries. Give us the
interpretation there.
TANNENBAUM: With good corporate performance, an expectation of ours where
the panel feels that the S&P 500 will do very well next year. More then
half of us expecting that it will gain more than 10 percent. Interest
rates will rise a little bit, but not that much again primarily because
investors still seem to have a heavy appetite for the big supply of U.S.
Treasuries securities coming to market.
GHARIB: All right. Thanks for the update. We really appreciate it.
TANNENBAUM: You`re welcome.
GHARIB: We`ve been talking with Carl Tannebaum, chairman of the outlook
survey for the National Association of Business Economists.
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) 2004 Community Television Foundation of South
Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/22/04:
Meet The New Congressional Freshmen
SUSIE GHARIB: The new Congress will have a big agenda when it convenes in
January. It will also have 40 new representatives and nine new senators.
Tonight a profile of two House freshmen who many observers say are most
likely to succeed in their new jobs. Darren Gersh reports.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: One of the first
rites of passage for a new member of Congress is the Capitol Hill office
lottery.
UNIDENTIFIED MALE: Ms. Schultz has selected room 118.
GERSH: A leader in the state legislature, south Florida Democrat Debbie
Wasserman Schultz is already considered a rising star of the congressional
class of 2005.
UNIDENTIFIED MALE: Check out the view.
REPRESENTATIVE-ELECT DEBBIE WASSERMAN SCHULTZ (D) FLORIDA: It`s a very
attractive view of whatever that is out there.
GERSH: Republican Bobby Jindal is also someone to watch.
UNIDENTIFIED MALE: Mr. Jindal has selected room 1205.
GERSH: A Rhodes scholar, Louisiana`s representative-elect from the first
district is all of 33 years old. As the first Republican Indian-American
elected to Congress, Jindal is front page news in New Delhi.
REPRESENTATIVE-ELECT BOBBY JINDAL (R) LOUISIANA: It`s a huge honor. The
people that I`ve not met before, people half a world away looking and being
excited for me and wishing me well. That`s humbling.
GERSH: Both Jindal and Wasserman Schultz were elected with more than 70
percent of the vote and they bring sharp differences to the top item on the
agenda next year: Social Security.
JINDAL: We`ve got to work together to figure out how do we make these
programs work better, especially for younger Americans.
SCHULTZ: My constituents have no interest in privatizing Social Security.
And I am 38 years old, so I`m in the next generation that is going to be in
the tier of citizens in America who would be essentially forced into the
investment portion of the privatization and I really am concerned.
GERSH: Both are marked for leadership, Wasserman Schultz the likely
Democratic freshman class whip. Jindal is Republican freshman class
president and they are eager for action.
JINDAL: I didn`t come up here to just do safe things and cut ribbons. I
came up here because there`s real work to be done.
SCHULTZ: I think it`s going to be a wild ride. We`re going to have to be
prepared to hit the ground running right on January 4 when we get here.
GERSH: And that is a bipartisan sentiment. Darren Gersh, 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) 2004 Community Television Foundation of South
Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/22/04:
"They Made America," -The Risk Takers
PAUL KANGAS: What do Barbie, IBM, and Pan Am have in common? Well, they`re
all innovations that became global icons because their creators took huge
risks. Tonight on "They Made America," the special series on PBS, we meet
"the gamblers," the risk takers who changed the way we work, play and
travel.
Barbie is the doll that almost wasn`t. She was the brainchild of Ruth
Handler, the co-founder of the Mattel toy company and Handler`s biggest
gamble.
SID KAHN, RETIRED MATTEL AD EXECUTIVE: The big concern of course was were
we going to sell any? If it had been up to the mothers, they never would
have, so we had to do what we knew we were going to do anyhow and that was
go on television, get to the kids.
GHARIB: Handler`s biggest gamble paid off, making Barbie an American icon.
Sir Harold Evans, author of "They Made America," says risk takers, gamblers
like Handler, are an important part of the American fabric.
SIR HAROLD EVANS, AUTHOR, THEY MADE AMERICA: America is a big country, vast
opportunities. They all are willing to go for the big one, not be content
with modest successes.
GHARIB: Tom Watson, jr., had big shoes to fill. He was the son of the
legendary founder of IBM. The company was king of the punch cards. But
when his father passed away, Watson saw an opportunity to take IBM to a new
level.
EVANS: The gamblers bet their entire company, billions of dollars in many
cases, on a single idea. Thomas Watson on computers, that sort of thing.
It was an amazing thing that he did. Juan Trippe (ph) bet that if he
bought big jet engines, he could find an aircraft manufacturer to make them
and people would want to travel on them -- enormous gambles.
GHARIB: All of these gamblers shared persistence.
ED TRIPPE, SON OF PAN AM FOUNDER, JUAN TRIPPE: Dad was one of the most
persuasive individuals I`ve ever run across. He always used to say, well,
if I can`t win the argument through the front door, there`s always the back
door, the side door, the cellar door.
GHARIB: Tomorrow, another gambler who risked it all to turn his innovative
idea into reality: Fred Smith, the founder of Fed-Ex.
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) 2004 Community Television
Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms
of use.
11/22/04:
"Commentary"-Things To Help The Economy Bloom & Grow
SUSIE GHARIB: There are many factors that can help an economy to grow and prosper.
Tonight`s commentator took a look at some of them. Here`s Glenn Hubbard,
professor of economics at the graduate school of business at Columbia
University.
GLENN HUBBARD, FORMER CHAIRMAN, COUNCIL OF ECONOMIC ADVISERS: The past
year`s monthly employment reports played an outsized role in the recent
campaign. With the election behind us, it is useful to reflect on how the
economy works and what the new administration and Congress can do about
jobs and incomes.
Despite virtues of a high rate of productivity growth, many commentators
associated economic growth with downsizing and outsourcing. But over the
long haul, what keeps our economy growing is entrepreneurial innovation.
In the labor market, entrepreneurial booms are associated with job creation
that significantly outpaces job destruction. New firms and even new
industries figure prominently in the process. Less than 30 percent of the
goods and services we consume today were available at the turn of the
previous century. Some of these goods replaced old ones, as the automobile
consigned stagecoaches to history. But much is new -- medicines to treat diseases, for example. And airplanes
made it possible for us to fly to places to which we wouldn`t have driven.
Entrepreneurial growth is not a job slayer. Over the past 25 years in the
U.S., a 67 percent increase in productivity and the higher wages that
accompany that gain occurred alongside the creation of 40 million new jobs.
While politicians don`t grow the economy, they can support economic growth.
Limited government, low taxes on work, investment, and risk-taking,
regulatory and tort reform and support for basic research, education and
training are the right recipe. I`m Glenn Hubbard.
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) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/22/04:
High-Tech High-End Footwear
SUSIE GHARIB: Factories in China pump out millions of shoes a month, competition
that has meant a decline in shoes made in America. But one company wants
to change that trend, stepping away from the mass market and using high-
tech to make high-end footwear. Jeff Yastine reports.
JEFF YASTINE, NIGHTLY BUSINESS REPORT CORRESPONDENT: From the outside, it
looks like a fashionably upscale shoe store. But look inside and you`ll
notice one thing: there are lots of shoes on display, but nothing for sale
and no inventory of shoeboxes in the back. The key to the entire store is
this 3-D foot scanner, which is going to compile all the measurements of my
foot, not just the width and the length, but the shape of my heel, the size
of my instep and a lot of other measurements. Within a few moments, the
computer gathers all that information and voila, an exact reproduction of
my foot within a 1/2 millimeter of accuracy.
And here is where your digital foot-scan winds up: a mostly automated
shoemaking plant, where robotic machines and a handful of people build
shoes to order. Right now, they build only men`s shoes and at $400 a pair,
Otabo is aiming at an upscale marketplace. That does not deter the
entrepreneur behind the company.
HOWARD SHAFFER, CEO & CHAIRMAN, OTABO SHOES: The best shoemakers in the
world? The Italians. That`s no question. We believe our shoes rank up
with the Italians. We believe that our shoes are the best-made men`s shoes
in America.
YASTINE: Howard Shaffer knows his shoes. He was in China with Phil Knight
when Nike opened its first footwear venture there in the early 1980s.
Shaffer stayed on in China and watched the country and its huge source of
inexpensive labor come to dominate the shoe and sneaker-making industry.
He returned to the U.S. in the 1990s to see if was possible to build a
U.S.-based shoe factory that could compete with the Chinese.
SHAFFER: After a while, the idea evolved to become a custom-fit shoe
manufacturer, to do something that was much more directly tied to the
customer, much more service-oriented, making a much higher quality shoe and
providing a service that nobody could, something that China couldn`t do.
YASTINE: Shaffer says a custom shoe business like this is now possible
because of the advances in sophisticated robotic cutting tools like this
one, and the sharp drop in computer-networking costs.
SHAFFER: Leather`s a real hands-on material. If you`re going to cut it,
you can only go so far.
YASTINE: Shaffer believes other U.S. manufacturers, such as apparel makers
facing cheap overseas competition, could apply similar custom manufacturing
techniques.
SHAFFER: We`re trying to build factories that are appropriate for American
workforce. We don`t -- if we wanted to use hand skills, we`d go to China.
China has the cheap labor. But we`re not trying to go to China. We`re
trying to build factories for here, so we`re trying to find the best hybrid
or the best combination.
YASTINE: Shaffer`s company is still in its earliest stages of growth. It`s
marketing through upscale men`s clothing retailers, hoping to get more
consumers interested in its custom-made shoes. Jeff Yastine, NIGHTLY
BUSINESS REPORT, Pompano Beach, Florida.
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) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/22/04:
Paul Kangas' "Stocks In The News"
PAUL KANGAS: Early strength in oil prices and carryover selling from Friday sent
stocks lower at the outset of trading, with the Dow falling 23 points,
NASDAQ down seven. However, solid earnings from Campbell Soup and positive
analyst remarks on Apple Computer helped things improve. By early
afternoon, the Dow was up 35 points, NASDAQ up eight points.
As oil prices eased this afternoon, stocks held their gains right onto the
closing bell. The Dow Industrial Average ended with a gain of 32 1/2
points at 10,489.42. The NASDAQ Composite up 14 1/2 points at 2085.19.
Standard & Poor`s 500 Index up 6.90 at 1177.24. Treasuries ended modestly
higher. The 10-year note rose 7/32, putting the yield down at 4.18
percent.
New York exchange volume leader on 21.9 million shares, Lucent Technologies
(LU) dropping $0.02.
Followed by Pfizer (PFE) with a $0.16 loss.
Citigroup (C) managed to gain $0.02.
General Electric (GE) down $0.18.
And then Forest Laboratories (FRX) tumbling $3.49. Bank America brokerage
downgraded it from "neutral" to "sell" and cut its price target from $45 to
$34 a share on concern about a patent challenge to the company`s
antidepressant called Lexapro (ph). That was fifth in big board volume
incidentally.
NorTel Networks (NT) dropped $0.04.
And then streetTRACKS Gold (GLD), this is the new exchange-traded fund that
began trading last Thursday on the big board. Each share represents 1/10 of
an ounce of gold. Multiply the closing price and you`ll get the closing
price of gold in New York, which was $449. Stock up $0.17.
Time Warner (TWX) $0.04 drop there.
J.P. Morgan Chase (JPM) up $0.13.
And then Krispy Kreme Doughnut (KKD) dunked for a loss of $1.86. That`s 16
percent on the downside. Company had a third quarter loss of $0.05 a share
versus earnings of $0.23 a year ago. The Street was looking for $0.13 in
earnings, not a loss. Sales dropped 6.4 percent. BB&T Capital brokerage
downgraded Krispy Kreme from "hold" to "under weight."
Campbell Soup (CPB) rising $1.35. First quarter earnings up 9 percent to
$0.56 a share, up from $0.51 last year. That was $0.04 above the Street
estimate and the company sees 2005 earnings growth on the range of 5 to 7
percent.
Toys "R" Us (TOY) moved up $0.42 on the close, but traded as high as $20.15
after reporting a third quarter loss of $0.12, nowhere near as bad as the
$0.22 loss last year. That was $0.03 better than expected, hence the gain
in the stock.
Pulitzer (PTZ) was a prize performer today, up $9.44. The company has
retained Goldman Sachs to explore strategic alternatives, including the
possible sale of the company or other options to enhance shareholder value.
Thomas Industries (TII), which is in the pump and compressor business is
also exploring strategic alternatives, including possible sale of the
company, stock buybacks, acquisitions or even a special cash dividend.
And speaking of dividends, we`ve got a nice two for one split which is 100
percent stock dividend for Commercial Metals (CMC) announced today. Also
the company plans to institute a $0.06 quarterly cash dividend on the split
shares.
Apple Computer (AAPL) topped NASDAQ`s most active with a gain of $6.18,
traded as high as 64 today. Pipper Jaffray brokerage boosted its price
target for Apple to $100 a share, repeated an "outperform" rating.
Microsoft (MSFT) down $0.21.
Google (GOOG) off $4.30, some profit taking there.
Sirius Satellite Radio (SIRI), that`s a new closing high with that gain of
$0.80. It traded as high as 6. Mel Karmizin, the new appointed CEO bought
1 1/2 million shares. His base salary will be $1 1/4 million yearly and
he`s been granted options to buy 30 million shares at a price of $4.72 a
share.
Intel (INTC) a $0.06 loss. That was fifth in dollar volume.
eBay (EBAY) up $1.14.
Cisco Systems (CSCO) $0.14 gain.
Kmart Holding (KMRT), after some big gains in recent weeks, down $7.27 on
some profit taking. Some negative comments about its plan to take over
Sears in this week`s "Barron`s."
Taser International (TASR) down $2.37.
Research In Motion (RIMM) up $1.40.
Finally AirGate PCS (PCSA) up $6.34. Alamosa Holding is bidding $31.92 in
its stock on a takeover. Company will consider it.
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) 2004 Community Television Foundation of South
Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/22/04:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10489.42 +32.51 + .3
HIGH 10508.04
LOW 10432.01
NASDAQ COMP. 2085.19 +14.56 +.7
HIGH 2085.19
LOW 2052.80
VOLUME 1,392.6
PREVIOUS 1,524.0
UP VOLUME 941.8
DOWN VOLUME 427.8
DOW TRANSPORTS 3609.24 +41.59 + 1.2
DOW UTILITIES 330.58 +5.79 + 1.8
CLOSING TICK +689
S&P 500 1177.24 +6.90 + .6
S&P 100 561.64 +1.95 + .4
MIDCAP 400 631.98 +4.75 + .8
REUTERS/CRB 287.47 -1.51 - .5
NYSE COMPOSITE 6979.79 +32.60 + .5
VALUE LINE 386.36 +3.30 + .9
RUSSELL 2000 621.52 +8.08 + 1.3
DJW 5000 11551.32 +70.69 + .6
U.S. TREASURIES
5-YEAR NOTE 3.375%
Oct. 15,2009 99 23/32 +1/32 + 3.56
10-YEAR NOTE 4.25%
Aug. 15,2014 100 18/32 +8/32 + 4.18
30-YEAR NOTE 5.375%
Feb. 15, 2031 107 26/32 +22/32 + 4.85
LEHMAN BROS.
LONG BOND INDEX 1764.02 +6.98
DOW CLOSE 10489.42 +32.51 + .3
ADVANCES 2294
DECLINES 1053
NEW HIGHS 201
NEW LOWS 10
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
LU Lucent Tech 3.99 -.02 -.5
PFE Pfizer 27.07 -.16 -.6
C Citigroup 45.17 +.02 +.0
GE GE 36.09 -.18 -.5
FRX Forest Labs 36.80 -3.49 -8.7
NT Nortel Networks 3.26 -.04 -1.2
GLD streetTRACKS Gold 44.95 +.17 +.4
TWX Time Warner 17.46 +.04 +.2
JPM JPMorgan Chase 37.55 +.13 +.4
KKD Krispy Kreme 9.64 -1.86 -16.2
NASDAQ CLOSE 2085.19 + 14.56 + .7
VOLUME 1,926.0
PREVIOUS 2,040.4
ADVANCES 1849
DECLINES 1277
NASDAQ ACTIVES
AAPL Apple Computer 61.35 +6.18 +11.2
MSFT Microsoft 26.65 -.21 -.8
GOOG Google 165.10 -4.30 -2.5
SIRI Sirius Satellite 5.97 +.80 +15.5
INTC Intel 24.10 -.06 -.3
EBAY eBay 109.48 +1.14 +1.1
CSCO Cisco Systems 19.15 +.14 +.7
KMRT Kmart Holding 97.72 -7.27 -6.9
TASR Taser Intl 49.79 -2.37 -4.5
RIMM Rsch In Motion 86.41 +1.40 +1.7
AMEX CLOSE 1367.40 + 2.59 + .2
INDEX SHARES
DIA DIAMONDS TRUST 104.80 +.23 +.2
QQQ NASDAQ 100 39.07 +.39 +1.0
SPY S&P DEP.RECEIPTS 117.98 +.56 +.5
STOCKS IN THE NEWS
CPB Campbell Soup Co 28.71 +1.35 +4.9
TOY Toys "R" Us 19.78 +.42 +2.2
PTZ Pulitzer 64.25 +9.44 +17.2
TII Thomas Industries 39.38 +2.25 +6.1
CMC Commercial Metal 42.11 +2.50 +6.3
PCSA AirGate PCS 33.95 +6.34 +23.0
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