Before the Bell for 9/26/2007

[0:00] ..." for before the bell stock report and we bring in double BBC financial editor Dave Caruso and David looks like we have a mixed bag of GE's GM and GDP."...

[0:28] ..." autos are -- feeling good about themselves right now with the General Motors up about 4% this morning. Ford also weapons simply would that increase was private now so we don't nobody is probably good"...

[2:04] ..." it is up eight. A dose of 59 as -- 13 oil prices up about 94 cents to. The cycle just about --"...

[2:39] ..." drug -- stocks CVS from JP Morgan got an upgrade because the caremark merger -- to make -- all the more sophisticated more competitive but the cutting all -- based on the fact that --"...

[0:00]" It's time for before the bell stock report and we bring in double BBC financial editor Dave Caruso and David looks like we have a mixed bag of GE's GM and GDP."

[0:09]" Yeah we sure do -- and they and I think the GM GM is probably winning so we got some good news on them now I've been talking about the last books since buys. Now what does it get done and I thought it would get them on Monday in cable on Tuesday it didn't. Well 3 O'Clock this morning Saturday -- something out so. We are Wednesday and looks to be done deal -- autos are -- feeling good about themselves right now with the General Motors up about 4% this morning. Ford also weapons simply would that increase was private now so we don't nobody is probably good news for them but. You know it seems like this really wasn't just squabble -- there. Others really was something that was talked about the dynamics because the industry has not been competitive with the world for years because of the legacy costs of the tension in the -- wages inspectors. About it point five dollar per hour gap between what some of the union members get in what -- come -- the competitors get so. Now this is really been hashed out because we've got a 35 billion dollar on its Mexican be run by the UAW itself to take this problem back off the automakers and they're going to handle the situation so it's kind of in the world -- now. Also there was some concessions on job guarantees which helped a little bit but it wasn't -- blockbusters that we're not going to hold everything opened for. Excuse me we -- we're going to dues were to have some of these. Plants that may have to close it everywhere and except -- two tier wage system. We're saying that there are going to have some of those lower cost being -- so I -- now making them more clear it's helping them move in the right direction. And it it was a good deal from both sides of the equation. I -- the bad news durable goods orders -- there was little funky very volatile today that it on the down four point 9% in August in the coming off about six point 1% gain in July sort of volatile number you'd never know what to get today. The department -- it expected the drop but not quite as much so transportation was down 12% planes trains and -- didn't do too well. Although defense spending results so looks like there were -- companies in the -- that we -- the economy in right now on the Israel in the market that -- it is up eight. A dose of 59 as -- 13 oil prices up about 94 cents to. The cycle just about --"

[2:13]" A lot of opinions are coming out settlements that came out they downgraded the telecom company sprint nextel let's say they've just taken too long to turn the company around JP Morgan a lot of opinions are coming out with there was you know we're certainly -- about retailers put. They like office -- so they actually upgraded the stock as they -- focus on the operations but they downgraded staples because they don't believe that the -- companies give them right now so we'll see who -- on the island they also had a mixed opinions on the drug -- stocks CVS from JP Morgan got an upgrade because the caremark merger -- to make -- all the more sophisticated more competitive but the cutting all -- based on the fact that -- A fairly price in the it's a valuation calls what we do also Chevron buying a lot more there's populate the company 15 billion dollars more there upstart is going to be brought over the next three years. A timberland was that about 40 stores as -- try to concentrate a little bit more and Russia inherited it from -- so we're going to be hearing a lot more about the retailers that advocates the -- this in the markets right now."