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Dave Caruso's Before the Bell

Before the Bell 9/25/2008

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Play from 0:04[0:04] ..." me this morning good morning David whatever. Not such good news from GE this morning."...

Play from 1:55[1:55] ..." they going to do there and and -- going to when Michelle Obama significant and so that's going to be. Still played up I think -- will get that now when it comes down to whether it's going to work well you know. I don't know but I go to guy named Bill Gross is particular bonds -- group and go -- And he says this thing can work and I understand the concept certainly blind"...

Play from 3:04[3:04] ..." the software like IBM but. They're going to sell servers made by Hewlett-Packard. The Mexican worker -- three years so let's hope it's working okay."...

Play from 0:00[0:00]" Time for our before the bell stock report and WBZ financial editor Dickerson joins me this morning good morning David whatever. Not such good news from GE this morning."

Play from 0:09[0:09]" Now but at least they get for getting back to look at what's actually happening that the companies in the economy is supposed to listening to a more testimony -- certainly a Bellwether for our economy they're giving us some more evidence unfortunately. That the financial business is getting a little bit more that's about 40% of the profits the profits of their feelings strain of but the credit crunch and in the volatile markets as well also sucked -- about 4% this morning they lower their estimates for the quarter. They cut their star -- that it took their stock buyback so they're they're slipped his city is expected to be down as much as 15% and and her answer to designate. The good news though was -- proper credit market they get to keep their triple -- rating is only a handful companies it has to do that so that could be good news may be. -- for the economy that there was slipping the latest evidence came in the monthly durable goods orders Tuesday October 4 half percent. And that was pretty much across the board that the big hit came with civilian aircraft which can be very volatile number was down 30%. But even if you extract that brutally volatile elements. The numbers is down about 3% so again things are certainly -- around but. All of that being said the markets are actually up this morning and it's probably because some of the good carpets coming out of Washington that. This rescue bill looks to be done so here's -- there's -- numbers right now -- to -- a two and a half doesn't 37 and aspects of eight we go prices down to -- a couple of -- for. And gold is six and."

Play from 1:31[1:31]" Let's get to their rescue plan is it going to get done David and willow work."

Play from 1:35[1:35]" The other two tough questions duplicate have to get done and the reason is is that you know it's causing to much nasty stuff that is going on and and it it will cost some nasty things that happen in the markets themselves. I think you know they gonna catch -- a key elements like the compensation -- and in other government ownership of but they make money helping homeowners and what are they going to do there and and -- going to when Michelle Obama significant and so that's going to be. Still played up I think -- will get that now when it comes down to whether it's going to work well you know. I don't know but I go to guy named Bill Gross is particular bonds -- group and go -- And he says this thing can work and I understand the concept certainly blind dead at 65 cents in the dollar holding it to maturity getting your dollar back that appears sound. My worry right now is the more the immediate the short term lending and and whether it'll get these lending institutions to stop hoarding their -- order -- this morning it is that. Basically this when he liquidity in the market has put it -- just that everybody's squirrel it away. Is that the concerned about the long tough winners I think that needs to -- and up so that we can buy our cars and our houses and stuff for. Certainly help businesses to grow and get more jobs."

Play from 2:42[2:42]" And I went -- luncheon today."

Play from 2:44[2:44]" Our -- to get -- job let's talk about that the Thursday weekly job dedicated men unfortunately one of the highest levels and probably seven years a lot of that has to do that with the aftermath of the hurricane in Texas and Louisiana but that the numbers jumped 32000 this morning. Also Oracle the software company they're now moving into the hardware business and that kind of -- the trend of a lot of companies that the got a lot of hardware and the software like IBM but. They're going to sell servers made by Hewlett-Packard. The Mexican worker -- three years so let's hope it's working okay."

Play from 3:12[3:12]" Hi David thanks so much."

Other Episodes in this series

Before the Bell 1/28/2008

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28 Jan 2009

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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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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