Images not being found moodle

I am doing some moodle development and have pulled down an existing moodle and set it up on my local machine. The site runs fine apart from no images display I am running the site locally as moodle-hy:8080. The images that are being fetched however are looking at GET http://localhost:8888/pluginfile.php/107/mod_label/intro/elearning.jpg 404 (Not Found) Moodle stores all the images in the database and I know there is a missing link in the chain I just cant figure out where it is.