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Dave Caruso's Before the Bell

Before the Bell 9/2/2008

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Play from 0:08[0:08] ..." first day of September -- make at September 2 but. Of course Wall Street closed yesterday for Labor Day so four -- of the market left ago why don't you give us the year to date"...

Play from 0:55[0:55] ..." look at the year to date numbers go down 13% this year S&P down almost the same dental point 6% Nasdaq off almost 11% Russell 2000 is the start so the small cap index is only -- three and half percent. Worldwide the Isa international index stood at walked at one point 3% because of the dollar firming up and it's an international concerns. A commodities they they were hit the bottom park earlier this year well right now we're going to dip back to reality so that. A basket of goods the Dow Jones AIG commodity index is only a two point 66%. Oil still up 40% about the 60% we're talking about not long ago and"...

Play from 2:59[2:59] ..." We dimension of Prime Minister that that we're seeing worldwide problems could happen right now that's what commodity prices going down google's got into chrome and it's"...

Play from 0:00[0:00]" Time for before the bell stock report with WBZ financial editor Dave Koreans out. It's sponsored by United Technologies. And -- here it is the first day of September -- make at September 2 but. Of course Wall Street closed yesterday for Labor Day so four -- of the market left ago why don't you give us the year to date numbers."

Play from 0:19[0:19]" Well -- that they're not so good accountant to tell you a nuclear look at where we swear October ninth of last year that was kind of the -- it's with a bit of bear market conditions ever since up. If you look at the markets hope -- will -- more happening -- this is the unofficial end of summer so we'll find that they're going to be a lot more people coming back making these hard decisions the last thirty years pretty important and I think we're probably sometimes see the volatility. Continue to go up and in the last thirty the year hopefully we'll see kind of a little bit of a rally toward. September and October Sudanese. In on November December and then you'll get a little bit here in September October would not the day -- a couple of pretty good today. There's a look at the year to date numbers go down 13% this year S&P down almost the same dental point 6% Nasdaq off almost 11% Russell 2000 is the start so the small cap index is only -- three and half percent. Worldwide the Isa international index stood at walked at one point 3% because of the dollar firming up and it's an international concerns. A commodities they they were hit the bottom park earlier this year well right now we're going to dip back to reality so that. A basket of goods the Dow Jones AIG commodity index is only a two point 66%. Oil still up 40% about the 60% we're talking about not long ago and that the dollar actually up for the years so that's really what's hurting them more than anything else so this week a lot of stuff to look at include. With the construction and spending in manufacturing in autos sales and factory orders and productivity and service sector reforms a lot of this is coming. And it's also the crews did Chris Condo on Friday when the important jobs numbers going to come up we're going to get a couple of kilometers and that's a very big wig department look at -- the good about it and he -- this morning at fourteen point one. Doubts -- 143. Nasdaq's up 32 point native a lot of it's because oil was down we've got to world almost nine dollars or 735 and and specific goes 400 that's going to be very big psychological break for the market and I think that's what some of the optimism that at this point also gold get walked. I don't 36. Down 36 right now less than 800 --"

Play from 2:15[2:15]" while it looks like ghost off is actually helping the markets."

Play from 2:18[2:18]" You know it's interesting because hurricanes are using good metaphor for the financial markets but. When they become reality yarder actually opened a lot this morning I think there are few things that we're seeing in. We saw that will prepare for evacuation particularly yesterday that Republicans. You know get you to be holding back in the celebration. Hopefully we'll see what that happens now that when the party continues. Also we're seeing this sense that the opposite not going to be a second ticket the warlords with the caveat I would say that the caveat on both sides of every equation. There's three -- of the -- apparently group we've got. -- I'd and then number and I get whatever the -- or whatever so let's do what happened this could be a very interestingly."

Play from 2:56[2:56]" Okay anything else going on quickly."

Play from 2:59[2:59]" We dimension of Prime Minister that that we're seeing worldwide problems could happen right now that's what commodity prices going down google's got into chrome and it's going to be their new. Compel competition because the Microsoft explorer Lehman Brothers which like that may get some help this morning. On the interest in the Korean development that may be putting it as much -- six billion dollars that'll about."

Play from 3:16[3:16]" Okay Dave thanks so much and we'll talk to you later."

Other Episodes in this series

Before the Bell 1/28/2008

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Before the Bell 1/28/2008 

An early look at the market with Financial Editor Dave Caruso.

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[0:53]..." losses -- if you look at this earnings season you know even Wells Fargo was up this morning with the big one so they -- getting those losses I think you'd think he'd get those assets. Also their books and they go back the plan if you would of what the purpose was to be about but to be pretty good so. That we got a great -- second they have a job basically or maybe third the third day on the job. As so he's going to be at all political over the -- what we've got and I think the majority of financial stocks are really like infect most of the financials are very big this -- so. These are start it and he teaches at nineteen point eight. Does the 159. We that the NASDAQ up to 48 oil prices down around twenty cents a forty want to change in gold down to fifteen years and eight and seven. "...

[0:21]..." good start. To be the fourth day in -- world that we CBS and the -- advocates expect the -- Summers have been the scene looked something like that. I have -- against the there "...

[1:33]..." it's not been pretty so far but they they continue to come AT&T was up this morning and they were down 23% on the auditing company. But the good news is is that they had "...

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Before the Bell 1/27/2008

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27 Jan 2009

Before the Bell 1/27/2008 

An early look at the market with Financial Editor Dave Caruso.

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[0:21]..." about the clutter so this morning we got the three popular names American Express DuPont to Texas Instruments. Not helping yourself all locked the American Express was 79% drop. For the fourth quarters but it took a lot of write downs and there about a -- behind expectations that a lot but again the financial -- some tough times. DuPont they have losses while they cut their outlook. The loss looks to be about seventy cents a share in the street was only expecting about twenty cents -- so. They also came out and cut the forecast and I agree when their Texas Instruments speaks semiconductor company that reported 86% drop in the profits so. They too were cutting about 3400 jobs and they warned -- "...

[1:21]..." we've been here it was something were to go to their. A Bristol-Myers also in the drug group most profitable point two billion dollars and are you that but this department of I think a "...

[1:47]..." David to the housing market a nice surprise on some housing numbers yesterday but today a different report. "...

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2:54more in this series...

Before the Bell 1/26/2008

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26 Jan 2009

Before the Bell 1/26/2008 

An early look at the market with Financial Editor Dave Caruso.

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[1:33]..." the 38 years. And don't even mention about a 137. Of the S&P 500 are coming out of their earnings so we got -- spectacular surprise about it at least a little bit of lift this morning know what we get disappear tent. A 1048 -- has -- nine point eight oil prices are down about 75 cents at 45 and change. And we also got that the -- booked August 11 has such six "...

[0:46]..." not so bright new year to date it has -- 8% the S&P down almost 8%. That's the extent six point 3% small cap Russell 2011%. Of we're so all those of you looked overseas "...

[2:54]..." Camera looking at a big deal on Wall Street. "...

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3:34more in this series...

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