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Dave Caruso's Before the Bell

Before the Bell 9/4/2008

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Play from 2:19[2:19] ..." over the best and -- So maybe there's at least some good back to school sales there."...

Play from 2:29[2:29] ..." I'll look let's go with the housing you know we've got Toll Brothers that's so high -- they were out with earnings report today and of course not much to be expected revenue was down"...

Play from 3:09[3:09] ..." it was separate companies so we'll see -- that flies on Wall Street also -- getting any help from -- their net income was -- 59% and it's -- interest rates Bank of England is -- 5% you're patrolling the fourth quarter percent and the changes that."...

Play from 0:00[0:00]" And good morning to WBZ financial editor -- Chris so Murray got all right David lot of data let's get to it."

Play from 0:05[0:05]" Yeah we do your post Labor Day it's been that pretty much uncommitted so far so this morning -- we make out to the digestion starts with retailers got a lot of them coming out their sales so far today a little bit mediocre but you know will check -- you have consumers doing it will be later. Are we also got to the jobs data that should the biggest jump in new claims about five week. Up about 15000 to that probably not -- too well for Friday's big over the coming out for the monthly jobs data also kind of a sneak preview the GDP. Comes out and the the payroll service. And they see a payroll estimates increasing about 33000 in the private sector. That are going to be lost so we'll see what happens there as did the right and that's what. Also we've got productivity which is telling us how efficient we aren't making -- doing this stuff that we do at work. There was actually a very nice jump on this revised. Second quarter number was actually up four point 3%. On the -- issued in the original numbers only a two point 2% surrogate for being a little more productive they're also we saw labor costs that about half percent so that's at least pretty good from the labor side believer inflation site. So let's look at the markets that affect this morning a little bit of a retreat on the markets oversee the S&P down nine point one we get the Dow down 85 Nasdaq down thirteen point two. Looks like we got the oil for our twentieth century so one on nine gold looks to be four of four books they twelfth."

Play from 1:23[1:23]" Let's go back to those retailers for a minute David."

Play from 1:26[1:26]" Well it's always start with a giant as we usually do Wal-Mart came out and they -- probably the best numbers on the street which is kind of what they've been as of late so that's kind of a good -- but there's same store sales were up about 3% but again looks like people are still moving in -- it's it's -- disputed the biggest. Is doing pretty well outside of that it was really kind of mediocre we go on down the list receive Limited Brands they met expectations but they were so -- they were down 7% on the same store sales. American eagle's same store sales about 5% they also confirmed on their earnings are we so Pacific somewhere down the death of a 6%. That's not a -- down five point nine. A point 9% excuse me. If they were selling a lot of good jewelry and shoes for men and sportswear pragmatism -- there there's a good covers a fifteen point 4% so the retailers are doing pretty well on that side in the big box and that gap down 8% a little better than expected -- up 13% note over the best and -- So maybe there's at least some good back to school sales there."

Play from 2:24[2:24]" You tell you have teenagers and click -- David just about 45 seconds what -- you have."

Play from 2:29[2:29]" I'll look let's go with the housing you know we've got Toll Brothers that's so high -- they were out with earnings report today and of course not much to be expected revenue was down 34%. But twenty nine million dollars with a loss and unfortunately that's the fourth quarter in a row that they've had losses and they made no prediction for when because interest figures that were actually seeing. The housing stocks characterize those somebody thinks -- the separate and housing area but it's really not their earnings. -- deal if you want to buy Xbox on Friday Microsoft lowering the price -- 199 boxer -- 79 o'clock gravity if you want that Xbox and never got yet. The world's biggest insurance company AIG -- into play and they said we're going to take all of those that us as we have a balance -- and to put -- it was separate companies so we'll see -- that flies on Wall Street also -- getting any help from -- their net income was -- 59% and it's -- interest rates Bank of England is -- 5% you're patrolling the fourth quarter percent and the changes that."

Play from 3:22[3:22]" David thanks so much."

Other Episodes in this series

Before the Bell 1/28/2008

audio

28 Jan 2009

Before the Bell 1/28/2008 

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

listen

[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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2:47more in this series...

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

audio

26 Jan 2009

Before the Bell 1/26/2008 

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

listen

[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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