Before the Bell 8/7/2008

[0:19] ..." a little bit -- here at the morning it's started off with Wal-Mart certainly -- the giant in the industry and had actually been doing great as of late -- their costs down consumers still keep coming. The rub though is that a lot of this you know could be just the stimulus package -- people just spent the money so. They reported sales they were still up around 3% but the Wall Street was expecting all the more something to the tune of about three point 4% so little but the disappointment and -- with"...

[1:31] ..." Buying out there -- didn't remember to retire about Wal-Mart may tend to be that the lower income customers and you certainly don't feel the pinch first but if you look at some of the other hiring and customers that have higher income. Companies like Costco and BJ's they actually did okay. -- BJ's -- up 17%. In the same store sales don't expect -- 13% from the analyst Carrasco who also was up about 10% although they're awful but this morning because of what the profit margins are hurting the little bit. Our target was -- so by a little bit a lot of big retailers were under pressure. -- this is the back to school season's American eagle Abercrombie & -- they were both. Excuse me down 7% girl pasta although they -- did very well the earnings were opposite store sales excuse me were up 13%. Are not a good for Dillard's up 2% even worse double digit total losses in the same source sales for Kohl's and gap. -- nice surprise they were down but not much is expected locally at TJX was up about 3% same store sales Talbots not that great down 12% that they did. Different outlook."...

[0:11]" Yeah a couple of places to but the you know hopefully like yesterday we start a little slow finished well today will hopefully do the same thing official would better 'cause we are a little bit -- here at the morning it's started off with Wal-Mart certainly -- the giant in the industry and had actually been doing great as of late -- their costs down consumers still keep coming. The rub though is that a lot of this you know could be just the stimulus package -- people just spent the money so. They reported sales they were still up around 3% but the Wall Street was expecting all the more something to the tune of about three point 4% so little but the disappointment and -- with this morning. A little better result came last night from Cisco the big network -- they posted good results and they actually beat expectations so. The American open aspect out -- the Texas they've been behaving pretty well lately but that the stock overnight was up over dollar. And after hours trading also get the jobs number -- these -- the weekly jobs numbers and have a job is important. And that this week unfortunately showed about 7000 more in the jobless claims. Bringing the number of about 455000. Which unfortunately is really the highest in the in the last six years which is. Glad that we had one of these recession so over the -- starkest warning against. As indeed it down nine does that 93. An aspect that tennis capital prices up a little bit of dollar sixty below 120 they'll and -- to be a little bit about two and a half for it to 8085 and."

[1:31]" Buying out there -- didn't remember to retire about Wal-Mart may tend to be that the lower income customers and you certainly don't feel the pinch first but if you look at some of the other hiring and customers that have higher income. Companies like Costco and BJ's they actually did okay. -- BJ's -- up 17%. In the same store sales don't expect -- 13% from the analyst Carrasco who also was up about 10% although they're awful but this morning because of what the profit margins are hurting the little bit. Our target was -- so by a little bit a lot of big retailers were under pressure. -- this is the back to school season's American eagle Abercrombie & -- they were both. Excuse me down 7% girl pasta although they -- did very well the earnings were opposite store sales excuse me were up 13%. Are not a good for Dillard's up 2% even worse double digit total losses in the same source sales for Kohl's and gap. -- nice surprise they were down but not much is expected locally at TJX was up about 3% same store sales Talbots not that great down 12% that they did. Different outlook."