" This is Money Markets & More for Monday June 22 2009. From the newsroom of the MarketWatch radio network I'm Adrian --"

" Coming up we'll take a look ahead of the week on Wall Street and I'm John were not guess what folks best buy is ramping up its challenge to Wal-Mart and they're calling them out by name now consumer race and Kate time calling her out by name. We'll talk about that subject in dip into the mailbag in a moment but first this reminder."

" Now UV -- you marketwatch.com. Instant access to the advice you. He can manage your portfolio and make smart decisions about your money then you marketwatch.com. It's fast accurate comprehensive -- you marketwatch.com today. Head of now."

" On this date in business history in 1907 the London Underground chairing -- Houston attempts -- railway -- In 1969. That Cuyahoga River in Ohio caught fire. The event would come to be a symbol of industrial pollution and lead to the rivers clean up. And happy 25 birthday Virgin Atlantic is no ordinary. Talent. In 1984 Virgin Atlantic Airways made its first flight from London Heathrow Airport. Housing is showing some signs of recovery we find out more as we look ahead at the week on Wall Street with MarketWatch Wall Street reporter Larry Kofsky."

" Well Adrienne in most years we'd be in the thick of the spring home buying season but 2009. Isn't most years. Housing is slowly reviving from its recession -- TD bank chief economist Joel Naroff says the road back will be long and slow."

" I think what we're starting to see is a little bit of improvement. Part of the problem in in getting the housing market. Moving more. Rapidly and more strongly than it is right now getting more sales is that credit is still a little bit difficult to come by. And therefore. People. They want to be buying a little hesitant. There's still some uncertainty about where prices are going well I expect they'll always be moving upwards -- that I and expect any huge jump in sales."

" We'll see two reports on May home sales this week the National Association of Realtors reports on home resales Tuesday. The government will have that snapshot of new home sales on Wednesday."

" I think we'll start seeing the modest improvement. And that and I think we're seeing that across the board in the housing market on the sale of the items stars side. -- pending home -- side all of these seem to be pointing to. The bottom in the market and the movement milk but this week from that."

" Economists see home resales rising three point 2% from April with new home sales up two point 2%. Also this week Federal Reserve policy makers meet to discuss interest rates with no change expected from the current level of 02 point 25%. And there were government reports on durable goods orders personal incomes and spending and a final revision of first quarter gross domestic product. --"

" Thanks Larry -- In the palm of your hand get all the essential news and exclusive insight -- only The Wall Street Journal can deliver download -- free iPhone -- now. This is the essential left for high arrested. Access -- subscriber only content available without charge for a limited time."

" If you've got to Kindle e-book reader you're enjoying books on the cheap but it might not last analyst at Bernstein research say Amazon.com we'll probably start charging more. Because it's now subsidizing those low prices. They tell media memo blogger Paul -- Amazon could bump up the price for an e-book best seller to 1250 from 999. Gas may not be taking as big a bite out of your budgets and gasoline markets are showing signs that the rally for pump prices is coming to lament after more than fifty days at gas price hikes. Gas futures are falling wholesale prices in some markets have already started to fall. Chicago has been picked as the first market in the country get the new hamburger from McDonald's Crane's Chicago business reports the new Angus mercker will debut at all McDonald's restaurants in the area on July 2. It's a 13 pound burger and they'll go for 399. The last new McDonald's burger was the big and tasty in 2001. Are you in the market for a new TV or sound system one retailers making a big push to encourage you to visit its stores or shall we say not visit someone else's."

" A mobile are still out there buying electronic gear going to places like best buy you know now that Circuit City is gone and is a history. Best buy is ramping up its challenge to Wal-Mart. And how's it doing that well it's using ads in particular let's listen."

" Actual employees behind the scenes of best buy commercials this is true stories plus."

" People call this time saying you know so Intel has it not for this price I saw this somewhere else people don't always just come the best my."

" Let's bring in our consumer race and case to talk more about this. So. Best buying I guess has Wal-Mart in its sights now -- But every retailer in the world has Wal-Mart in their sites because they all have the same problem best buy included people perceive Wal-Mart prices at Wal-Mart to be cheaper than anywhere else but best buy says that is actually not true. And a large percentage of its products that their prices overlap with Wal-Mart that some cases best -- prices are actually better. But in the past they've had difficulty getting that message across to people but again it's just to perception people have so now there actually mentioning Wal-Mart by name. Does him. Yes -- that it it's. What -- what else can you do you tried everything else and it did help them that Circuit City went away but Wal-Mart has been beefing up its electronics department and an. They offer these killers specials every once in awhile -- Christmas so best buy has a lot to contend with."

" You know what when I think of Wal-Mart I think of King Kong on top of the empire state building. And I think of all those stinky little planes trying to shoot down a."

" Yup that's that's basically what it is although best buy says that what happens a lot of times as. People come to them because they they come to them as a best buy because they perceive their employees is being knowledgeable but consumer electronics so -- we want to quest to somebody about. A computer or this or that they go to best buy you're not gonna get that kind of service out Wal-Mart."

" Yeah that's right wal -- all about the price it's not necessarily about having some -- there with his. Pocket protectors going to be able to tell you what."

" What divine right essential at Wal-Mart is is that you either were searched -- ahead of time or you're going by how pretty the boxes at the price or or whatever as opposed to. Get getting more information about the product going by how pretty the box right like how -- byline how pretty it's a label in the bottle. Pretty pretty lines there I'll go with my cables and industry."

" I thought it has a frog on it and that Robert -- done a he's a -- he's -- on kidney chancellor get them. And Andy had time to do the mail back to -- OK here we go to. And -- Time now for these virtual mail bag and this comes from George from Potomac falls Virginia he writes John and and use the rest of the newsroom crew in those whom. And they interview all talk about the quarter when the economy will take place and speed as the consumer. But lack of money is that consumers' pockets will make their recovery contribution. The loser. What's different from earlier recessions taxes. 95% of taxpayers who expect their taxes won't change by one time. And -- George goes on to talk about carbon taxes healthcare taxes soft drink taxes and get this then. He has written us a poem oh wow yes based on page saying here's where have all the flowers gone."

" And George writes where have all the quarters gun long time passing where have all the quarters on long time ago where have all the quarters gone. God the taxes every one. When will we ever learn when will we ever learn and he goes on and on and on."

" At least five stands as here while George must like poetry remember we talked about poetry. I did a few weeks of him. Yes well George thank you very much and I consumer race in case is looking at me like why MI here but nice what it is saying it. Now you want me to -- here won easily now now now I'm not I I've been known to clear out and hire pews pictures. Not a good idea well if he does point out George does say isn't it time for the whole newsroom to come back from Phishing or whatever and pay more attention to the issue of taxes and debt. Before the issue -- of soul and plunges the country into a basket case. Interest yeah yeah somebody took the -- do you have Pete Seeger on your new iPod now I don't matter which like me to download store my drawer. -- big Pete Seger fan -- I interviewed him along time ago he's he seemed like he is 95 years old then I'm paying a host on a 25 years ago. And how can people Regis if they want to write -- may -- dash out of poem and senate -- to us."

" They can reaches of MarketWatch radio newsroom at Yahoo.com. Or they can follow us on Twitter at MW radio and they can look us up on FaceBook at MarketWatch radio network very cool thanks and thank you thanks John and and that's it for Money Markets & More I'm Adrian Mitchell thanks for listening."

" Until next time land all of -- hours ago."

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