" This is Money Markets & More for this Monday July 13 2009. From the newsroom of the MarketWatch radio network I'm Adrian Mitchell. Coming up earning season it's cranking up in earnest we'll look ahead to the week on Wall Street --"

" I'm John we're not coming up in a moment parents are you looking for deals out there I mean looking really hard using the Internet. To try to cut. Costs and expenses these days that's right parent to -- going to high end boutiques are checking -- places like Craigslist that's consumer race and Kate's shall join me to talk about this animal but first now."

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" On this date in 1923. And the Hollywood sign was dedicated. It originally read Hollywood land the last four letters were dropped sixty years ago. In 1973."

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" The dog days of summer Lionhead will they bring us any relief to the -- city economy. We look ahead to the week on Wall Street with MarketWatch Wall Street reporter Larry Kofsky."

" atrium the green shoots an economic recovery that fueled Wall Street spring rally withering. Investors no longer seem impressed with data that's less bad than it had been. But the outlook hasn't changed according to chief economist -- and Arab nation I HS global insight. What has changed as the perception."

" Markets. In particular got ahead of themselves a little bit in terms of the recovery. And that kind of coming back down to earth again. Argues that the outlook -- things have improved a little bit you know 34 months ago. We thought the US economy would contract by say three and a half percent this year whereas now we think maybe Sony gonna be two and a half percent."

" Investors who watching closely this week as we get a barrage of economic data including inflation retail sales and industrial production. But Arabic says that for now the numbers will remain inconclusive."

" I doubt very much of -- gonna change in the very near term over the next few weeks of that data is still gonna give very mixed signals pummeled the optimal lead down. There's not going to be any sense of a uniform recovery yet again that's probably a good 23 months away."

" This will also be a busy week for earnings -- the second quarter reporting season begins in earnest. Blue chip companies will be hearing from include Bank of America IBM Intel Johnson and Johnson and JPMorgan Chase Adrian."

" Thanks Larry. GM is promising a new focus on new GM CFO -- young says the consumer will be key. And to that end GM is launching -- tell Fritz web site."

" Or steal I have a website that people be able to communicate directly with efforts. In addition just as important as the senior leadership team that did the new executive committee comprised of eight people we're on the on the rolls and we're not discussed in the office."

" And GM is teaming up with the eBay and California to sell cars online -- and sold directly to the customers."

" But -- it and it is actually abusers are still a bit but through our coordinated efforts. You'll look like G in the cell directly but no would be working with -- dealers effectively to do so vehicles through using the Internet."

" Young hopes the eBay experiment in California will expand to more states. Money is certainly tight for lots of -- these days especially parents. So many fewer doing what every can't find deals John word document paints have more on this tight -- trend."

" Many parents are looking for deals these days and they're using the Internet in particular to go out there aren't buying stuff for their kids. So gone are those 10000. Dollar baby strollers or maybe some mother luxurious item and they are hitting the web just like our consumer race and Kate he joins us she goes on the Internet every day right now."

" I do all day -- at work and that's allowed and that's a good thing -- is. You work for marketwatch.com. Yes that's very true yes what's going on these days is a lot of parents are like everyone else are there were concerned about the economy. They're concerned about their job so even if they have the money. And set of buying as you said these these. Super luxurious. Cribs and baby -- the stuff like that there are gladly accepting. Stuff secondhand from. Family members or friends of the going to secondhand shots of the Bourne to Craig's list places like that because now it's okay to have used stroller."

" You know I gotta tell -- that we have done this my wife in particular. -- like myself as a tight line so it's an orange tank -- yes and last holiday season last Christmas she found on Craigslist. One of those John Deere tractors that normally go for three to 400 dollars and she founded for fifty -- and of those toy island stands wow that's a good day not a real John -- Korea that would be a real deal with. But a toy want."

" That we've we've talked about before the same with weddings and other stuff parents even if they have the money that it went up to appear ostentatious by. Going around and that a Cadillac of baby cribs and things like battery or 200 dollar dress for their two month old or whatever."

" You -- something I just I that that's mind blowing that there are parents out there who spend hundreds and hundreds of dollars. On their children's clothes and those clothes are pretty much relegated to the bank of the closet within two or three months."

" It's Cassel especially when their when their newborns absolutely. And I'll is gladly accepted closed for people -- to give me free clothes absolutely handed on over."

" So that does that mean that that we are all becoming frugal. Or do you think that people are gonna go back to buying. The of the Mercedes-Benz. Of strollers. Once the economy picks up again."

" Well it's interesting a number of analysts had told the New York Times that this may be assigned that actually this is a permanent trend that we're going to be raising a new generation of depression era babies. As parents decide that they're not going to. Spend all the Spanish stuff sales of things with what they call loved the plane -- market that's toys and videotapes and stuff aimed at babies it's dropped dramatically. And about the last year and a half. And here's another interesting fact that at American kids up until recently got an average of seventy new toys a year not my kids but China and other counting. The toys and -- happy meals or something like that but that's that's."

" Pretty incredible that staggering. That's staggering I know you have the relatives who were always you know oh Lohse who's loyal sure that is -- I mean holy -- Panel wanted to go back to the log cabin days but have a few sticks and a few rocks and -- a -- football than a."

" Hot -- today nine and I -- I especially my son was young guys who goes to some birthday parties were parents are just obviously trying to -- everyone else it was just incredible."

" We love to hear from parents out there. If you who are cutting Bancorp you're looking for deals where are you looking for deals would love to share that with everyone. Is there a certain website out there that we should know about and -- doing this if your parents or if -- grandparent are you looking for deals. For your grandson or granddaughter by hitting the way hampered going to thrift stores or what -- sound good and sounds good and how can people look at touch with --"

" can send us an email to MarketWatch radio newsroom at Yahoo.com. Or if they can follow us on Twitter at MW radio or look us up on FaceBook at MarketWatch radio network -- that's a good ideas so please we love to hear from you and and Kate thank you as well thank -- thanks John an end and that's it for Money Markets & More. I'd Adrian Mitchell thanks for listening until next time."

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