" This is my targets and more for Tuesday march 24 2009. From the newsroom of the market -- radio network I'm Steve Potisk coming up. Wall Street bulls get back their mode Joe Tiffany's sees tough times what investors buy anyway."
" And I'm John war in Iraq coming up we'll talk about small cars and how they ain't big any more big with consumers right in case last summer when gas prices are so expensive they words but not anymore now we'll have that story."
" First -- news about gadgets and gizmos. Then you need to listen to take on tech he confinement at marketwatch.com. Slash podcasts and on iTunes."
" On the about the government take on home prices is coming due and we're getting earnings reports from cruise operator carnival. Deutsche Bank spice maker McCormick. Williams-Sonoma. And Cabell circuit. On this date in business history 1868. Metropolitan life insurance company was formed. 1900 New York City broke ground for a new underground rapid transit rail road to -- Manhattan and Brooklyn. And 1989 in Prince William sound Alaska. The Exxon Valdez spilled 240000. Barrels of petroleum after running aground. All right chalk one up for Wall Street bulls a big one US stocks opened the new trading week with one of the best days in months. After getting some hopeful news on two areas that have been weighing on sentiment banking and housing. Investors cheered the government's plan to help banks remove bad assets from their books. It's a public private partnership involving money from the financial rescue fund as well as help from the Fed FDIC. And the participation of private investors. The hope is getting the bad loans from the books will free up banks to be in lending and sparking an economic turnaround. And lower prices and sales of pre owned homes up five point 1% February. It was the largest percentage gain since July of 2003. So. The Dow jumped 497. Points NASDAQ rose almost 99. -- S&P added 54 points it's. -- Though it just might be George to a George Foreman suns have resigned from their jobs that. George Foreman enterprises that's the company that holds the rights to the former world heavyweight boxing champions name and likeness. And personal services. According to regulatory filing the men have requested an emailed letters to the company. That they be paid compensation outstanding complaining they haven't been paid -- salary since January. George Foreman junior was the company's senior executive vice president George Foreman third was executive vice president."
" And then trained. Marine base this tool. Will send and all nations involved and then -- I would -- a little bit of tarnish on Tiffany but it's star was shining anyway Monday. Company says cautious consumers are holding backs -- up high priced jewelry and so its most recent quarter profits tumbled 75%. But -- sold enough -- priced baubles that its results were better than expected so shares rose better than 50%. Where gas prices have car buyers tapping the brakes on small car demand John were not -- and -- are looking into that."
" Situation. It appears that down economy has taken yet another victim remember that craze last year about buying small cars hybrids and things basically with four wheels and maybe -- some aluminum tacked on somewhere. Well apparently small car sales are down and let's bring in our consumer recent -- to talk more about this how. I guess it ain't easy being small please stay."
" Notice that last summer when gas was four dollars a gallon Steelers couldn't keep small cars and stock you know that hybrids and and and the smaller cars but now. Gas is about. Roughly half that and because of a number of factors including the recession which has hurt all car sales demand for small cars down."
" I guess given the fuel factor here they're really is no immediate need to go out there and and conserve money and conserve energy at least. That's probably the mentality."
" It seems to be that -- if -- have a big SUV or big -- whatever you're not gonna run out right now my new car anyway with the recession and -- Salem new cars. Then down so sharply lately. But that's a problem for these automakers which not only are dealing with the recession. The trying to get money from the government that they -- in making plans to build more small cars. You know due to retool their factories make these production plants so they think this is a trend of the future regardless."
" Yeah I guess that may be the trend of the future but take in the current climate where everyone is worried about their jobs their homes. They're not gonna buy cars and if they do buy cars they're probably not gonna vile little match."
" probably not and -- of the kind of people who would do that anyway but. That he added though it remains to be seen what's going to happen how the auto sector recovers as I said they rebuild -- retooling factories anyway to build these smaller cars. Retooling is a very expensive option for carmakers south. I can't see how that they who had to settle and decide to revert back to the old ways to help."
" you know the other day when as out running some parents I saw Toyota hybrid basically you know one of those small cars that look like a turtle eat and -- the second -- you know there was such demand a few years ago I think. Wasn't a total Leonardo DiCaprio who got to one of those who thinks -- an -- and he had the craze going on and then I looked at that two people. Driving the car the other day. I thought I know I wonder if they're actually driving a relic that it will look back on and say that was a phase and you know it never really came to be your. Of course who knows where we're gonna be ten years from now but you know maybe -- smaller cars are eventually going to be the way but right now doesn't appear that way."
" I drive a small Toyota not quite sub compact but Sunday when the huge ones in every -- my -- next to say and mini coup that makes my car look like and that's you big because there's just so teeny tiny scars and I've seen these the smart cars out about -- little -- done."
" Our stiff wind could knock over one of those Ellis like Fisher price made on there's -- time I know and I saw two people and them. In one the other day and must be the Mac I don't. A don't lift up your arm honey but wait I need to adjust the radio no you can't do that -- not to attend a complete stop and wait until we get to the next red light and again. And -- our consumer race thank you thank you."
" That's it for Money Markets & More so you want to get in contact maybe have a smart car or mini and you'd like to respond to John and and whatever. Feel free to write to it was a MarketWatch radio newsroom at Yahoo.com. I'm Steve Potisk I'll see you next time."