" This as money bargains and more for Thursday April 30 now the first third of the year is rule Randy wow. From the -- room of the MarketWatch radio network I'm Steve Potisk coming up. So the feds say it's time right now what's. Tale of two coffee company's."

" And I'm John word -- the king of Beers is trying something new with a new sport right and Kate's right it's ping pong ping upon Anheuser-Busch InBev involved with. Ping -- Yes we'll have more on that animal but first this think you know what's going out with Wall Street. "

" Think again listen to the Hulbert financial files on iTunes and it marketwatch.com. Slash podcasts."

" On the -- we get the latest on the jobs market with the weekly report on unemployment claims also look for personal income and spending and the employment cost index for the first quarter. Earnings reports include Kellogg. ExxonMobil. Proctor and gamble Motorola Newell Rubbermaid Comcast Viacom expedient Chiquita. And hotel operators starwood and choice. On this date in business history waved back and 14920. Yes Spain gave Columbus his commission. Of exploration. 7089. On the balcony of federal hall on Wall Street George Washington took the oath of office to become the first elected president of the US. 1803. Louisiana purchase the US. Buying a Louisiana territory from France for fifteen million dollars more than doubling the size of the nation. 1894. -- Lee's army reaches Washington DC protesting the unemployment caused by the panic of 1893. 1925. Dodge Brothers the carmaker sold to Dillon read and company for a 146 million dollars plus fifty million for charity. 1938. The cartoon short Ortiz -- hunt. Debuted in movie theaters introducing happy rabbit yes. He evolved -- bugs money. 1939 of the world's fair NBC inaugurated its regularly scheduled TV service in New York City. Broadcasting president Roosevelt's opening -- ceremonial dress and in 1993. The world wide web was more. Now what the Fed suggesting the worst of the economy may be behind us same household spending appears to be stabilizing about the pace of the downturn appears to have slowed a bit. Investors decided it was time to do some buying Wednesday. After two days of modest losses this week on Wall Street in fact the market was on the rise even before the Fed."

" Held interest rates steady and after a report showed gross domestic product -- the worse than expected six point 1%. But there was a segment in that report showing consumer spending rebounding. And that's needed to end any recession since it accounts for two thirds of economic activity and the Fed's statement about stabilizing household spending. Now the market seemed like all of that so the Dow jumped 169 points NASDAQ gained 38 S&P was ahead by eighteen. So the Fed didn't do anything it sounds update. So where -- Bernanke and company go from here. MarketWatch chief economist doctor Irwin killer tells us the next time we hear from the Fed that's scheduled for late June by the way. The Central Bank should start tapping on the economic brakes."

" 70% of the economy consumer spending went up nicely throughout the first quarter. And I believe because so that. The GDP in the second quarter will probably contracted a much slower pace somewhere around 2%. So I would say that they're right next meeting they ought to start looking over the value of recession. Two -- the next -- And start talking about exit strategy."

" So in other words when do we start seeing rates moving higher. Things are still -- kind of bitter at Starbucks but they could be worse the coffee chain says its profit retreated yet again as sales sank but all the store closings Starbucks. Is that cost them an awful lot and the bottom line was actually better than expected meanwhile their full of caffeine over Green Mountain Coffee Roasters it has struck a deal for Wal-Mart to sell its single cup brewers in its stores. That news came as green mountain posted better than expected quarterly profits. Bud Light and then -- winning combination. John Wordock and advocates have more on that I think they discovered -- started over there."

" Anheuser-Busch is taking a lack adds something -- food we often think of the king of Beers involved and promoting sporting events like baseball and football and hockey. And on and on and on but let's bring in -- and -- to tell us -- the new sport is that Anheuser-Busch is getting behind and."

" It's ping pong. -- com yes ping -- did you ever play at your basement growing up. You know them on the cement floor and facing a little ball all over the place and now when I XEN I did see Forrest Gump where he played ping that's true and Forrest Gump it's becoming. Or at least Budweiser the maker of Budweiser hoping it becomes the latest big craze because. Actually believe it or not with ping pong. It's considered one of the most. Has -- statistics of any competitive sport it's got forty million. Competitive players that doesn't even count the people who just you know play enough. Bar at home and think of all the the Al growth opportunities in China. There you -- also led the way Anheuser-Busch InBev is doing is there -- major backer. They ping pong tournament that's already under way they made a bunch of Bud Light branded. Pool table are -- ping pong tables and ship them to about 4500 bars across the US and so there's been regional competitions. And they'll be a big a fine finale in June in Las Vegas and the winner will get 100000 dollars not to be confused with -- beer pong not to be confused with pierpont you can explain that what that is because I've never heard of it."

" Now if you go to the premium version of this podcast where we talk about more mature top oh okay people can find out on our digital channel on our digital channel the NRA --"

" Budweiser is doing this as you said that think they're involved with the Super Bowl and all these other big things that they felt like they also needed to get down to the grassroots level with beer drinkers so there were literally going right to the bars and promoting Bud Light. And hoping that people feel nostalgic about ping pong and want to participate -- and new marketing to."

" For them as opposed to pool that's close to pool right I order -- ping pong I just can't see them -- bars some hate you want to play some ping pong well. I don't think that's gonna work and -- You know some marketing genius somewhere came out -- this idea so obviously they have done their homework."

" I -- they -- did you know chase the ball through the bars Disney studios -- make it mean jostle cinematic spilled in my name it -- go and you want this little ball hit it."

" And I wish bush years and it evolved they have already -- Obama -- I can just hear it now -- us salted after chasing paying palm in neighborhood bar."

" Let's hope that does that come to that."

" I hope not but I -- I wish the folks at Anheuser-Busch. The best of luck with this -- see how it -- we will we will definitely have to take a road trip to go see how this is doing wherever they are doing business but still MarketWatch in -- investigation on this -- go to a bar -- in America five part series yeah. Yes it would. Lots of natural sound of my name -- followers go on -- go."

" But instead they decided let's let me about the Communist. --"

" Well and thank you very much for that keep in mind folks. And W radio that's how you can find us on Twitter and W radio or on FaceBook we are MarketWatch radio network. And if you want to send us an email. And what is that MarketWatch radio. Newsroom newsroom at Yahoo.com MarketWatch radio news this layer really slowly MarketWatch radio newsroom. At Yahoo.com. Yes thanks and thank you. And that's it for Money Markets & More I'm Steve Potisk Kelsey and next time."