DEBORAH MARCHINI, CNN ANCHOR: Time now to take a look at some of the impact these figures may have on today's trading and what they tell us about the broader economy. Mickey Levy is the chief economist at Bank of America and is our featured guest today. Nice to have you here. Do you get the feeling that the markets are trading in trepidation on the economic figures? Or is it corporate earnings that are taking the focus right now?</s>MICKEY LEVY, BANK OF AMERICA: I think it's corporate earnings. Retail sales actually look pretty good. Auto sales were up, and chain store sales were up. And I think, on the PPI, we're going to start to get some positive news out of the energy prices. That should lower headline inflation. So I think the concerns now are corporate profits, and of course, Argentina.</s>MARCHINI: All right. We're going to talk a little bit more about corporate profits and the international outlook when we come back. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Mickey Levy of Bank of America: Markets Jittery Over Corporate Earnings