Before the Bell 6/3/2008

[0:00]" Telling ABC news time 925 in time for our before the bell stock report WBZ financial editor Dave Christos and this morning promoting David whatever we -- a news on Lehman Brothers this morning."

[0:11]" And we do yeah yesterday the final well this financials that are on the front page again and -- some of that is due to local news the only but it brought back some concerns about. Costly problems which was -- 300 point that the saudis -- morning. Lehman Brothers is coming out of the stepped up program because they're talking about having to raise capital and looks like drug they're going to be reporting the first quarterly loss. Isn't going public in 1990 -- guess all that's not good news well the reality is there's some optimism about their because the first part is. Is that they said they've really mean not have to raise this capital that it's out there right now we're going to do it as a safeguard and that that's not necessary. The other good news is that someone actually is out there and want to give them money so apparently there's some big investors that are willing to maybe a while when three to four billion dollars that the get this thing going. And they're also got their results which are going to come out in June 16 so. We'll see how those results there were some analysts this morning they were little skeptical that -- just might be a little bit more reality just. News is good news this morning sourcing a little bit of optimism that the financials got it yesterday -- cut them back a little bit. Also today we're going to get the auto sales numbers they're coming up shortly and as we speak up Bernanke's in Barcelona rubbing elbows with the the Europeans and actually Japanese to see how they're doing and their economy and some of the comments to registered. Very briefly talked about things we know it sounds like he's probably going to hold. On interest rates to about issues with the oral dependence real estate concern slowness so that's optimistic but but nothing dour as well so futures markets right now -- the upside. This deal five -- 33 aspects of five point two or hope to talk about a dollar thirty still about 126 to Beryl and articles look like it's about sixteen -- it. -- 8080 announcers have."

[1:51]" And David I know you have -- Ryan housing and auto stocks this morning."

[1:55]" But at least that are talking so what about Bernanke that is -- but not a whole lot of great -- either from from Toll Brothers -- the high end home builder. There's showed about a 94 million dollar loss that showing to revenue is down 30% to continue. To talk about weak demand and guess what stuck out -- and the -- the bad news good news that even GM you know there with their plan this are we going to get things together. We're going to get going in the autos but we're going to be closing four plants in that are making these trucks and they're actually going to be increasing the number of cars from. Q percent currently the 60% of maybe there's some hybrids and things are going to be coming along the bottom line is that they decisions are going to look like they're being about a billion dollars a year. Wall Street's like the -- savings so inevitably there they're like difficult got a."

[2:41]" Tonight David -- thank you for the update"