May 19 (Bloomberg) -- Take away Exxon Mobil Corp., Chevron Corp. and ConocoPhillips and profits at U.S. companies are the worst in at least a decade.
Without the $70 billion that oil producers earned in the last two quarters, profits at companies in the Standard & Poor's 500 Index tumbled 26 percent and 30.2 percent, the biggest decreases for any quarter since Bloomberg started compiling data in 1998.Not much news today other than leading indicators at 10. Bonds have a slight bid pre-open.
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5/19/08 10:09 AMAnd that is against the dollar drop...what if the dollar comes back up! Oh my.
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