Before the Bell 9/3/2008

[0:41] ..." break that trend at this morning. A little bit more weakness despite oil prices and commodity prices going down they were going to get a look at. Some of these auto sales in the factory orders"...

[2:02] ..." feet again because that's really horrific restored markets right now. It also Johnson Controls that they -- some workers recruited some of the plants and that's a result of the fact we've got certainly slower sales"...

[2:16] ..." It's coming out of nothing else ConAgra food company they get downgraded by JPMorgan after the earnings report last night obviously a lot of -- to do with what they -- a commodity prices in the trend there. And upgraded it BP oil but Goldman Sachs to valuation call quick and cheap. Barkley got a downgrade by one of its fellow bank royal Bank of Scotland says that they've got some issues on the financial strength of the company's so. The financials -- this morning. Palm also --"...

[0:09]" Yet they are in doubt that we had to explain just that we saw over 300 point swings in the momentum early in the day things were going pretty well the strong market. I -- one point come up or 250 points but it is that they were done 26 point so good morning momentum that lousy closing thoughts I guess civic. I think the reason is that it did you know the market traders just seem they're not a lot of confidence in any -- extended rallies -- They tend to take profits every time they get a chance to dissident villages to do it certainly didn't. That's kind of been the story for 2000 and it's -- school frustrating and it's important that will -- the break that trend at this morning. A little bit more weakness despite oil prices and commodity prices going down they were going to get a look at. Some of these auto sales in the factory orders and expecting a whole lot there that's my speaker welcome surprise. -- to a couple local economies are doing in the based books so maybe little step in the title little bit and Goldstein a little bit lower -- the little bit higher but a lot of it is waiting for Friday's August jobs numbers slightly down this morning as impede -- to have. -- get the -- down nineteen aspect of four point two oil -- as a -- down -- a dollar reason we're less than quarterly vehicle prices down about three dollars a it was a."

[1:18]" Well some local companies Staples so they cannot last like second quarter earnings report -- about 16%. For the net income. Although there's sales were 18% but a lot of it has to do that they -- corporate express so. If we take that deal it was up about 3% so they're showing a little -- profit margins were kind of in line with expectations maybe about a penny short so stocks ought to be at this point. Costello they cannot choose to do 9% up on their same store sales total sales of 12% but also an awful but this morning I think they expect a little bit more. Impact municipal bond insurer their first and I slipped this morning if they get a break it there regulatory approval from the launch a part of a new bond business. Which shows signs that gets -- into the finances are okay over there and able to some of these financial stocks. Don't get on their feet again because that's really horrific restored markets right now. It also Johnson Controls that they -- some workers recruited some of the plants and that's a result of the fact we've got certainly slower sales were will see what happens --"

[2:16]" It's coming out of nothing else ConAgra food company they get downgraded by JPMorgan after the earnings report last night obviously a lot of -- to do with what they -- a commodity prices in the trend there. And upgraded it BP oil but Goldman Sachs to valuation call quick and cheap. Barkley got a downgrade by one of its fellow bank royal Bank of Scotland says that they've got some issues on the financial strength of the company's so. The financials -- this morning. Palm also -- commodity they're trying to carry the casket yesterday there were partially owned by. Lehman Brothers which has its own issues and by the -- There's a room this morning that HSBC is also interested in looking at Lehman but I digress -- hedge fund and of course its stores the name it was -- spray. And it's a Major League except in the August the stock is that they have a provision of the stock critics who make. Because you're down more than 30% to get out so -- people out to two point eight billion dollars is probably going to be fleeing their success even the smart folks. -- they're make big mistakes -- of the Baltic mobile commodities market."