Before the Bell 06/30/2008

[1:09] ..." year. And of course it's commodities could keep on track to -- oil prices up 46% the Dow Jones AIG commodity index up almost 47% gold up 11%. And the dollars down but five point 6% as we tend to lose about a percent a month and that's that contribute unfortunate to some of these oil prices. So far despite July 4 shortened week this week we got a lot of data come to market would get the purchasing managers' index -- numbers today. Construction spending in the ISM manufacturing numbers tomorrow. When they were -- factory orders and Thursday's big day again lasted -- because of short weeks to get the monthly job status so we'll see what happens and for those who are working on Wall Street positive economic news digest but again it's probably all about oil as a continued steps. To go up my -- futures appoint"...

[2:08] ..." the most part H&R block they reported their earnings in the post tax season and other earnings were pretty good day actually beat expectations revenue was up 11% their outlook is pretty good start up about 9% a pretty good numbers for them. Are we also had an upgrade in the telecom space is Merrill Lynch upgraded and Alcatel Lucent. Which is the biggest equipment maker in the world by the -- based on the valuation -- doubtful"...

[2:58] ..." And also this morning Ladenburg Thalmann and other saying that they seem Merrill Lynch. Needing to raise the little bit more cash and they could be -- about 40% of their interest in Bloomberg in this"...

[0:09]" Yet Juliet thing here you know we we look at the October ninth tie in the Dow right now is that nineteen point 9% not -- far behind in its you know the official word recognition it's 20%. It's a bear market so -- things that change all the -- to be either by the in the today. It if you look at it historically the -- has been the trend is has been down twenty or 30% at bear markets although we have some horrible ones and -- certainly -- 50% -- depression knew they were down 80% to put that in perspective so. These things tend the last less than a year although our worst and latest was the -- country and 2002000 through the lesser -- so there's your Jabil market indicator will do whatever by the end of the week. Your -- go looking it's similar numbers we got the the Dow right now down fourteen point 5% S&P 500 down almost 13% this year nasdaq's. Looks to be extremely Russell 2000 stability behind 9% of the downside. Looking overseas the only international heat index down 13%. If you'll -- in the aggregate bond index added one point 1% this year. And of course it's commodities could keep on track to -- oil prices up 46% the Dow Jones AIG commodity index up almost 47% gold up 11%. And the dollars down but five point 6% as we tend to lose about a percent a month and that's that contribute unfortunate to some of these oil prices. So far despite July 4 shortened week this week we got a lot of data come to market would get the purchasing managers' index -- numbers today. Construction spending in the ISM manufacturing numbers tomorrow. When they were -- factory orders and Thursday's big day again lasted -- because of short weeks to get the monthly job status so we'll see what happens and for those who are working on Wall Street positive economic news digest but again it's probably all about oil as a continued steps. To go up my -- futures appoint three does down fifteen aspects five point eight or another two dollars and 25 it. 142 and a half a barrel and gold took about a dollar it to at 932 --"

[2:07]" Well look at some good news for the most part H&R block they reported their earnings in the post tax season and other earnings were pretty good day actually beat expectations revenue was up 11% their outlook is pretty good start up about 9% a pretty good numbers for them. Are we also had an upgrade in the telecom space is Merrill Lynch upgraded and Alcatel Lucent. Which is the biggest equipment maker in the world by the -- based on the valuation -- doubtful that should go up. She got a little -- talk this morning as well but it's a -- for them out late but the Lehman Brothers have some good things to say about it. Not so good data for a myriad genetics and they report phase three trials for the alzheimer's drug. Well flowers then and other discontinued development of that. Also -- a little bit more capital spending probably going to be going on the financial markets and looks like we're going to examine what if Russia now. That they were after the to about 630 million dollars from Fortis. And also this morning Ladenburg Thalmann and other saying that they seem Merrill Lynch. Needing to raise the little bit more cash and they could be -- about 40% of their interest in Bloomberg in this that they cannot relieve the pressure lately is that worried about. What does a second quarter right now."