Program: Thursday, December 1, 2005

Retailers Ring Up Strong November Sales But Are They Strong Enough To Last
Will New Cars Boost New Car Sales?
One on One With Hugh Johnson, Chairman of Johnson Illington Advisors
One On One With Viscount Charles Dupplin, Art & Private Client Insurance,, Hiscox PLC
"Commentary"-The Post Hurricane Jobs Report
"Last Word"-Our First Emmy
Paul Kangas' Stocks In The News
Market Stats

12/01/05: Retailers Ring Up Strong November Sales But Are They Strong Enough To Last

SUSIE GHARIB: An upbeat start to December gets Wall Street talking about a Santa Claus rally. The Dow jumped 107 points, its first triple digit gain in more than a month and the NASDAQ rose 34. Fueling the rally, more positive reports on the economy, including gains in personal income and spending and some upbeat sales reports from several of the nation`s retailers. Still, some of the November retail sales figures were disappointing and Wall Street is now worried that the outlook for holiday spending may be a bit murky. Suzanne Pratt reports.

SUZANNE PRATT, NIGHTLY BUSINESS REPORT CORRESPONDENT: Perhaps the best way to describe the start of the crucial holiday shopping season is "ho-hum." Consumers were somewhat conservative with their spending in November, willing to reach for their wallets only when they found a bargain. As a result, discounters fared the best, with Wal-Mart coming in at the high end of its sales estimates at 4.3 percent. The aggressive pricing environment hurt most department stores, while apparel makers like Gap and Abercrombie were at opposite ends of the sales spectrum. And some experts note that November is now more about big markdowns than a true gauge of holiday spending.

DOROTHY LAKNER, RETAIL ANALYST, CIBC WORLD MARKETS: It was clearly a very mixed month and much more mixed than we expected. I think what November turns out to be -- it`s a very promotional month. And I think increasingly, the Thanksgiving weekend overall has become a weekend for bargain hunters.

PRATT: Wal-Mart benefited from aggressive discounts on everything from plasma televisions to laptop computers. Still, the world`s largest retailer expects December sales to be slightly lower than November, in the range of 2 to 4 percent. As for the nation`s other chain stores, some analysts are still upbeat about the 2005 holiday season, pointing to the resiliency of consumers and lower energy prices. But other experts are concerned there isn`t enough momentum going into December, cautioning that results will mostly be about pricing.

MARK HUSSON, RETAIL ANALYST, HSBC SECURITIES: I think what`s going to happen is that, as we settle into more holiday spending through December, some of the department stores and some of the other retailers are going to come back again at the expense of the discounters. But this is not looking like a really great Christmas; it`s looking like a so-so period.

PRATT: One thing is certain, most shoppers tend to wait until the last few days before Christmas to do the majority of their spending. Experts say that means there`s still plenty of time for this holiday season to be a jolly one for retailers. 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) 2005 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.


12/01/05: Will New Cars Boost New Car Sales?

JEFF YASTINE: When it comes to new car sales, November was better than October. But sales are still dismal compared to last year`s levels. General Motors posted an 11 percent drop last month. It now plans to trim fourth quarter production by 20,000 units in an effort to combat sagging sales. Sales at Ford Motor fell almost 15 percent in November. Dealerships remain empty after this summer`s deep incentives. Ford is also trimming production by 20,000 units this quarter and by 12 percent next quarter. And Daimler-Chrysler`s American Chrysler unit saw its car and truck sales drop 3 percent. So far Daimler has not announced any production cuts. Overall, the numbers are discouraging. But as Diane Eastabrook reports, the big Detroit auto makers say they`re seeing some bright spots among their new models.

DIANE EASTABROOK, NIGHTLY BUSINESS REPORT CORRESPONDENT: Early today, this Pontiac Solstice rolled into a suburban Chicago dealership, then rolled out again by late afternoon. At Sullivan Pontiac, more than a dozen people are on a waiting list to buy a Solstice. While the slick sports car is currently GM`s hottest product, the auto maker only plans to build about 16,000 of the cars this model year. Analysts like Keybanc Capital Market`s Brett Hozelton say the Solstice is a hit because it not only look`s good and is in short supply, but because it`s affordable too. GM used some parts from existing products to build the Solstice, so it could price the vehicle at about $20,000. Keybanc has an investment banking relationship with GM.

BRETT HOSELTON, AUTO ANALYST, KEYBANC CAPITAL MARKETS: The Solstice is great evidence of the company`s global reach and their ability to take advantage of some economies of scale to produce a car that not only looks good, but is very - priced very aggressively.

EASTABROOK: While sales at General Motors slid in November for the fourth consecutive month, analysts are optimistic about some of the company`s newest vehicles. Chevrolet`s HHR is also promising. Like the Solstice, the HHR shares some components and is priced near $20,000. Dealers also can`t keep it in stock.

GUY MCMILLAN, SALES MANAGER, LATTOF CHEVROLET: We go through approximately 15 a month and as soon as they come in, they go out. We received two yesterday. And this is one of two of them. We just got it cleaned up for you and it will be gone by this time tomorrow, I`m sure.

EASTABROOK: Ford also has a few new hits on its hands. The company says sales of its mid-sized Fusion, Mercury Milan and Lincoln Zephyr are also strong. The three together saw sales jump 34 percent in November. Still, Hoselton is less optimistic about Ford when it comes to product development. Keybanc also has an investment banking relationship with Ford.

HOSELTON: We don`t see a good consistent product plan at Ford. While we see a few compelling products here or there like the Mustang, they aren`t making the fundamental changes that General Motors appears to be making.

EASTABROOK: While analysts say these new products do offer a glimmer of hope for both Ford and General Motors, they say the companies need to produce more innovative products that will sell in large volumes. Diane Eastabrook, NIGHTLY BUSINESS REPORT, Arlington Heights, Illinois.

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) 2005 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

12/01/05: One on One With Hugh Johnson, Chairman of Johnson Illington Advisors

SUSIE GHARIB: The White House released today an updated and slightly rosier economic forecast. The Bush administration now predicts the gross domestic product for 2005 will grow by 3.5 percent, up from its previous estimate of 3.4 percent. On the jobs front, the White House says it expects employment will rise by more than two million jobs this year. And looking into next year, the administration is sticking with its GDP forecast of 3.4 percent. Well, the healthy economy is one reason why our guest tonight says the markets will continue to rally through the end of this year. Joining us now, Hugh Johnson, chairman of money management firm Johnson Illington Advisors. Hi, Hugh.

HUGH JOHNSON, CHIEF INVESTMENT OFFICER, JOHNSON ILLINGTON ADVISORS: Hi, Susie.

GHARIB: First tell us why you`re optimistic that we`re going to see a rally, a year-end rally because we`ve had a lot of fits and starts over the last couple of weeks, a rally and then a pullback and now a rally again.

JOHNSON: Well, I think we`re getting basically some really good news, just what the doctor ordered. We`re getting news that says the economy is slowing. You saw that in November automobile sales, in sales by retailers. You saw it in personal consumption, expenditures, personal spending for October. So the economy is slowing and at the same time we`re getting some news that says the rate of inflation is moderating. So we have an economy slowing, rate of inflation moderating. That tells me and investors that it looks like the Fed might be able to take its foot off the brake sometime soon, probably not this month, probably not January, but that might be it for the Federal Reserve, and that`s great news for investors.

GHARIB: But Hugh, there are other economic reports earlier this week. We saw new home sales skyrocketing to a new record, durable goods orders strong, consumer confidence strong and we saw the market pull back because they got worried, uh-oh, that the Fed is going to keep raising interest rates.

JOHNSON: Right and the third quarter GDP, 4.3 percent. You`ve got to look through those month-to-month swings in the economic numbers. They`re very volatile and when you do that, Susie, what you`ll see is that the economy was very strong in the month of July and August and since August, if you look through the volatility created by the hurricanes, you`ll see an economy that is slowing, you`ll see consumer spending slowing, basically an economy that`s slowing to what I would call a slower but more sustainable pace. And sustainability is very, very important and that`s important for investors.

GHARIB: Do you think that this momentum is going to continue into 2006 in terms of the stock market reaching new highs?

JOHNSON: Yeah, I do. I do, Susie. I think right now the message of the market is you stay bullish and we`re going to still go higher. I think the problem I have or only reservation I have is valuation. You know, we`re moving up pretty fast here and, yes, earnings are going to be great next year, I think they`re going to be good. They`ll slow some, but they`ll be good. But interest rates will be a little bit higher, returns will be a bit lower so it`s going to get tougher sledding next year.

GHARIB: So for some investors who are looking for a good long-term buy, any stocks that you would recommend?

JOHNSON: Well, stocks that I own personally we own in our portfolios that I would take a really good look at and are performing well, Pepsi, Franklin Templeton and I`d also add technology as you know starting to look a lot better. Look at a company like Cisco which relative performance is starting to improve. Those are three really good companies that I think you can own for the long term.

GHARIB: Hugh, do you own any of these stocks or does your firm have any position with them?

JOHNSON: You bet, Susie. I own them personally and the firm owns a lot and all of our client accounts each one of those stocks.

GHARIB: Real quickly, tomorrow we have this big employment report coming out. What do you think it`s going to say about the economy and, more importantly, how`s the market going to respond to it?

JOHNSON: Well, my guess is -- and that`s all it could be, it`s very hard to forecast -- that we`re going to get an increase in non-farm payrolls of about 155 to 160,000 jobs. The consensus says it`s going to be stronger, 200, 210,000. The number comes in where I`m forecasting it says to me and I think will say to the world that the economy is doing what I said. It`s starting to slow down some and that`s very good news because it will give in time the Federal Reserve the opportunity to take its foot off the brakes. So let`s hope, keep your fingers crossed that I`m right on my forecast for that 155,000 to 160,000.

GHARIB: Hope you`re right, Hugh. Thanks so much for coming on the program.

JOHNSON: My pleasure.

GHARIB: We`ve been speaking with Hugh Johnson chairman of Johnson Illington Advisors.

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) 2005 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

12/01/05: One On One With Viscount Charles Dupplin, Art & Private Client Insurance,, Hiscox PLC

JEFF YASTINE: Now turning to the art world, for fans of contemporary art, the next four days are circled in red on their calendars. It`s the start of something called "Art Basel Miami Beach," a gathering of thousands of contemporary art buyers, gallery owners, museum curators, and artists. Like its counterpart held in Basel, Switzerland, each summer, this event is a chance to schmooze, gawk, buy and sell contemporary art. I recently spoke with Viscount Charles Dupplin of the fine art insurance firm Hiscox PLC, who says contemporary art has never been hotter.

VISCOUNT CHARLES DUPPLIN, ART & PRIVATE CLIENT INSURANCE, HISCOX PLC: I think in recent years there has actually been a tendency for not only people to be looking for the best things in artistic terms, but there is a new thing, which is the fashion and certain types of art have become fashionable. And certainly "Brit art" at the moment has been very fashionable and certain other types of contemporary art have become extremely fashionable. And with fashion comes value, and I think with fashion also be comes the desire for people to buy these things.

YASTINE: How much interest do you hear these days about people or institutions buying artwork not so much for the purposes of art and to collect art, but really for investment purposes?

DUPPLIN: There have been some institutions that have invested in art like that and I think there are probably more institutions who are considering that today. But there are a number of difficulties with investing in art. It is historically and always has been, an asset class which is quite fickle. And so if you`ve bought a whole lot of an artist who went out of fashion, it wouldn`t have been a very good investment. The other thing is the structure of the art market has a very high bid-offer spread. In other words, what you buy from the dealer for 100 may have only cost him 50 and that means that inevitably, it`s quite inefficient to buy and sell art.

YASTINE: For someone who collects artwork, it sounds like it`s a fascinating area. But at the same time it`s a bit treacherous, because you can never be sure that the value that you`re assigning to a particular piece of art is necessarily what somebody else is going to pay for it a week, a month or a year later.

DUPPLIN: I would agree entirely with that and say that I mean, buying art, you`d better like it and you`d better be passionate about it, because it may be that fashion then runs against you and that what you`ve bought is not worth anything. And I think I would advise anyone to be passionate and if they`re going into it for investment, be prepared to lose the lot because it`s very difficult.

YASTINE: Do you find that there`s more demand these days for insuring fine art, because the values of artwork have been going up so much, that people need more insurance to cover the works that they own?

DUPPLIN: Absolutely, and in fact, last year we had a very good example of a Scottish artist called Jack Vettriano and he paints quite steamy and suggestive pictures, which are very popular. Ten years ago, Vettriano pictures changed hands at $5,000, and one Vettriano went through in excess of $1 million and it through Sotheby`s. And so if you had bought several Vettrianos for $5,000, you suddenly had quite an interesting retirement pot and an insurance problem. And of course it`s necessary for the agents, the insurance agents who advise their customers to try and make sure they keep their values up to date. Otherwise, of course, if there was a loss, you`d get paid the incorrect amount of money.

YASTINE: Lord Dupplin of the fine art insurer, Hiscox PLC. Thank you. Thank you.

DUPPLIN: Thank you very much.

GHARIB: Tomorrow: our Friday "market monitor" guest is Richard Steinberg, president of Steinberg Global Asset 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) 2005 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

12/01/05: "Commentary"-The Post Hurricane Jobs Report

SUSIE GHARIB: The important employment report comes out tomorrow and tonight`s commentator has a few thoughts on the job market. Here`s Roy Krause, chief executive officer of the employment firm Spherion.

ROY KRAUSE, CEO, SPHERION: On the eve of the government`s November employment report, the job market appears to be poised for a return to the levels of job creation we saw before the hurricane affected the United States. Coming on the heels of positive economic data this week, it`s believed that between 170,000 and 200,000 new jobs were created in November, back in line with the average rate of job creation over the past year and much stronger than in October. The hurricane reconstruction effort has begun and this will help drive the rebound in job creation. But this job growth is not limited to the reconstruction alone. As we`ve seen since 2004, our clients both large and small, are continuing to add to their core staffs and are using more contingent labor to handle supporting tasks. I believe this trend will continue into 2006 as the economy expands. Another positive sign for the job market is that workers appear more confident than in previous months. The Spherion employment confidence index, which is derived from a monthly survey of more than 2,500 workers nationwide, rose for the first time since August. Across the board, more workers have confidence in their own employment situation, the job market and the economy. And as a result, nearly 40 percent say they are planning to find a new position in the next year. This renewed confidence may spell trouble for employers in 2006 as skill shortages become more apparent and workers have more opportunities to leave. I`m Roy Krause.

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) 2005 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

12/01/05: "Last Word"-Our First Emmy

SUSIE GHARIB: And finally tonight, some terrific news about us! Tonight, today, NIGHTLY BUSINESS REPORT won its first national Emmy award for business and financial reporting for our continuing coverage of China. The award was handed out at a ceremony in New York City. Our managing editor Rodney Ward accepted it on behalf of the program and one special highlight of the award, our special series on China, shot on location there, and reported by Washington bureau chief Darren Gersh. And Jeff, I was there to see the award ceremony and it was a very exciting moment for all of us at NIGHTLY BUSINESS REPORT and that statuette is beautiful. You`ll see it tomorrow when it comes to the newsroom if Miami.

YASTINE: Congratulations to everyone, Darren, our senior producer Wendy Feinberg and everybody else involved in the project.

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) 2005 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

11/30/05: "Paul Kangas' Stocks In The News"

And starting things off tonight, Nortel Networks (NT) gaining $0.18. The new CEO firing two senior executives earlier in the week.

Pfizer (PFE) ended with a similar gain.

And there`s the reaction to Wal-Mart Stores (WMT) down more than half a dollar. As you heard earlier, the giant retailer posting November sales gains of more than 4 percent, but it cautioned that December sales will likely be less than that.

There`s a reaction on Ford Motor Co (F) dipping $0.03. Auto sales at the auto maker falling nearly 15 percent in November.

And Genworth Financial (GNW) climbing $0.48. It was added to the S&P 500 Index after the close today.

General Electric (GE) gaining $0.03.

Time Warner (TWX) rising $0.18.

Hewlett-Packard (HPQ) down a fraction.

Lucent Technology (LU) gaining a fraction.

ExxonMobil (XOM) gaining $1.32. It was among the components pushing the Dow to its triple digit gain.

And a look at some of the other standouts, Alcoa (AA), Boeing Co (BA), Caterpillar (CAT), McDonald`s (MCD), all posting gains of between 2 and 4 percent. By the way, that`s McDonald`s highest closing price in more than five years.

Freddie Mac (FRE) jumping $1.10. Freddie raised its quarterly dividend by more than 30 percent to $0.47 a share.

Marriott Intl (MAR) rising over $2. Goldman Sachs expects efforts to remodel its hotels and expand further into time shares should yield a good payoff for shareholders.

Rock solid results for Florida Rock Industries (FRK), shares surging nearly $6 as profits nearly doubled in the fourth quarter. Strong demand for concrete.

Shares in Lamson & Session (LMS) up more than $5. Executives said sales should grow to at least 30 percent from year ago levels.

And Warner Music Group (WMG) rising $1. All those iPods and the music downloads that go into them helping the company to cut its losses.

Bombay Co (BBA) falling $0.55. Sales fell more than 12 percent at the home furnishing retailer. Two analysts downgraded that stock.

And Wendy`s Intl (WEN) dipping $0.06. Wendy`s planning an IPO of its Tim Horton`s coffee chain which is very big in Canada. Shareholders have been pushing for the company to unlock some of the value assets like the Horton`s chain.

Over at the NASDAQ, shares in Google (GOOG) vaulting over $9. Published reports say Microsoft is planning to enter the arena of online classified ads, something that Google is also laying the groundwork for.

Apple Computer (AAPL) surging $3.78, another new all-time high for that one.

There`s the reaction in Microsoft (MSFT) gaining $0.21.

Intel (INTC) advancing $0.50. Investors flocked to chip makers today on the belief that the group could be big performers in the final weeks of the year. Analysts looking for upward sales guidance from Intel in its mid- quarter update that comes out next week.

Research in Motion (RIMM) a rebound of nearly $4. Still no word in its patent dispute with NTP.

Yahoo! (YHOO) rising $0.84.

Ebay (EBAY) advancing $0.15.

Cisco Systems (CSCO) also up by the same amount.

Sandisk (SNDK) down $1.74.

Qualcomm (QCOM) advancing $0.13.

Rigel Pharmaceuticals (RIGL) plunging nearly $14. The company`s experimental hay fever allergy drug found ineffective in clinical trials.

PW Eagle (PWEI) rising more than 3 1/2. The company`s combining its subsidiaries into one business, allowing it to pay down more debt.

And SFBC Intl (SFCC) dropping $5.50. The company runs drug testing centers where clinical trials are conducted. Its Miami facility cited for some problems and it forced the company to reduce the number of beds devoted to trial testing.

And those are our 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) 2005 Community Television Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.

12/01/05: Market Stats

		  
			                 
                                     NET    PERCENT  
                        CLOSE     CHANGE     CHANGE



DOW CLOSE             10912.57    +106.70      + 1.0
HIGH                                        10934.90
LOW                                         10806.03

NASDAQ COMP.           2267.17     +34.35       +1.5
HIGH                                         2269.39
LOW                                          2244.71

VOLUME                                       1,891.1
PREVIOUS                                     1,795.0
UP VOLUME                                    1,519.6
DOWN VOLUME                                    362.2

DOW TRANSPORTS         4157.93     +44.13      + 1.1
DOW UTILITIES           403.27      +3.12       + .8
CLOSING TICK                                    +511

S&P 500                1264.67     +15.19      + 1.2
S&P 100                 580.22      +5.66      + 1.0
MIDCAP 400              745.42     +11.76      + 1.6
REUTERS/CRB             320.71      +6.44      + 2.1

NYSE COMPOSITE         7756.54    +111.26      + 1.5
VALUE LINE              417.71      +6.59      + 1.6
RUSSELL 2000            690.21     +12.92      + 1.9
DJW 5000              12685.10    +163.18      + 1.3

U.S. TREASURIES
5-YEAR NOTE 4.50%
Nov. 15,2010         100  7/32      -5/32       4.45

10-YEAR NOTE 4.50%
Nov. 15,2015          99 27/32      -8/32       4.52

30-YEAR NOTE 5.375%
Feb. 15, 2031        109 20/32     -15/32       4.72

LEHMAN BROS.
LONG BOND INDEX        1736.00      -8.15


DOW CLOSE             10912.57    +106.70      + 1.0
ADVANCES                                        2611
DECLINES                                         770
NEW HIGHS                                        256
NEW LOWS                                          57

                                      NET    PERCENT
NYSE MOST ACTIVES    4PM CLOSE     CHANGE     CHANGE
NT    Nortel Networks     3.08       +.18       +6.2
PFE   Pfizer             21.38       +.18        +.9
WMT   Wal-Mart Stores    48.03       -.53       -1.1
F     Ford Motor Co       8.10       -.03        -.4
GNW   Genworth Finl      34.93       +.48       +1.4
GE    GE                 35.75       +.03        +.1
TWX   Time Warner        18.16       +.18       +1.0
HPQ   Hewlett-Packard    29.56       -.11        -.4
LU    Lucent Tech         2.82       +.03       +1.1
XOM   Exxon Mobil        59.35      +1.32       +2.3

NASDAQ CLOSE           2267.17    + 34.35      + 1.5
VOLUME                                       2,093.0
PREVIOUS                                     1,955.3
ADVANCES                                        2152
DECLINES                                         936

NASDAQ ACTIVES
GOOG  Google            414.09      +9.18       +2.3
AAPL  Apple Computer     71.60      +3.78       +5.6
MSFT  Microsoft          27.89       +.21        +.8
INTC  Intel              27.18       +.50       +1.9
RIMM  Rsch In Motion     65.02      +3.89       +6.4
YHOO  Yahoo!             41.07       +.84       +2.1
EBAY  eBay               44.96       +.15        +.3
CSCO  Cisco Systems      17.69       +.15        +.9
SNDK  SanDisk            49.32      -1.74       -3.4
QCOM  Qualcomm           45.60       +.13        +.3

AMEX CLOSE             1709.48    + 19.68      + 1.2

INDEX SHARES
DIA   DIAMONDS TRUST    109.08       +.86        +.8
QQQ   NASDAQ 100         42.01       +.77       +1.9
SPY   S&P DEP.RECEIPTS  126.69      +1.28       +1.0

STOCKS IN THE NEWS
AA    Alcoa              28.28       +.87       +3.2
BA    Boeing Co          69.67      +1.48       +2.2
CAT   Caterpillar        59.00      +1.22       +2.1
MCD   McDonald's         35.33      +1.48       +4.4
FRE   Freddie Mac        63.55      +1.10       +1.8
MAR   Marriott Intl      67.28      +2.67       +4.1
FRK   Florida Rock Inds  55.67      +5.80      +11.6
LMS   Lamson & Session   28.79      +4.81      +20.1
WMG   Warner Music Grp   19.05      +1.00       +5.5
BBA   Bombay Co           3.41       -.55      -13.9
WEN   Wendys Intl        50.72       -.06        -.1
RIGL  Rigel Pharmace      8.01     -13.91      -63.5
PWEI  PW Eagle           22.31      +3.57      +19.1
SFCC  SFBC Intl