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Dave Caruso's Before the Bell

Before the Bell 10/01/2008

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Play from 1:40[1:40] ..." more than half back this morning -- a little bit ago on S&P is down and I don't futures down 81 aspect any team get doubled on a couple of books and I and you"...

Play from 2:58[2:58] ..." electronics group brought stocks like Philips electronics is this season. Disappointments on Verizon are like Hewlett-Packard Dubai and companies in the way they put on the 360 million dollars to -- data storage company left and networks. -- we determination to get some jobs and financial so we're starting to see those -- continued UBS is laying off about. 1900 people and investment banking area so there's not a lot of appetite for that these days. And the local Boston scientific and closely -- difference this morning is they they don't see them doing well -- the competition. And having a bit of"...

Play from 0:00[0:00]" Time per hour before the bell stock report WBZ financial editor J crew shows in this morning hi David -- and -- the bell Atlantic Ocean -- does that for the US senate tonight the financial bailout package where you're going --"

Play from 0:14[0:14]" Run run the one with congress was there was so little also led to episode looks to be hopefully happen tonight from this rescue bill that you know proposal -- pressure but the -- that gets six used to prove themselves -- about a sort of in the coming up for election over the next 34 days so. I think got less pressure to get elected this and it failed bid by their brother and congress are going to making this such. A little bit more long term thinking and maybe a little bit more motivated groups so it is their version not congress' persons are there a lot of things that are similar like gets. Executive pay and and helping homeowners and find those bonds and in ownership by the government and then of course -- going to run the show and and where's the oversight and that's really question coming up but. They're also throwing in some other stuff they are bumping up the FDIC insurance coverage to. 250000. Dollars from 100000 that's going to help small businesses that don't -- more than a 100000 dollars liquid to kind of run those businesses. What I don't like as -- he sees in these crazy add -- like there are alternative energy in childcare credits that they may be good the problem is is that what we're seeing music is kind of sausage made the legislation's thousand mister tech and -- worries me a little bit itself. It's going to be looking -- again and in the bottom line is I do think something will be done here I think the market's -- I certainly think it you know people. Don't know whether they want to put into the market monitor expecting it so -- we'll see what happened there. This -- markets -- the slogan we and the nicest 485 reality for the minus 77 the day before some get more than half back this morning -- a little bit ago on S&P is down and I don't futures down 81 aspect any team get doubled on a couple of books and I and you -- so incredible capacity to dip."

Play from 1:51[1:51]" And I knew what else and you -- jobs numbers."

Play from 1:54[1:54]" You haven't had been on legislative and certainly the major attention that for the rest of the week is again packaged together and then he would get -- that you don't -- them economy business and we've got the job numbers coming up on Friday so we get -- which it GDP report. And this year only about 8000 jobs lost so that's much less than the estimate that 65000. Coming up and then 37000. What we have in August so they have tended to be higher on -- guesstimate source of the government this year so. Will see that proves also we're going to get a little bit more from -- manpower coming up to see what they think about things is worth. Now over the 6% unemployment is what that the numbers Lester but if you look at most of the economist. -- pulling things out there right now but what they're expecting about a 100000 dollar tumbled 200000 dollars and job loss."

Play from 2:40[2:40]" Already do we do you talk about stocks."

Play from 2:42[2:42]" Yes please it's important. That little space to build the business that the opinion coming up today the minister coming around and look at things. ExxonMobil got an upgrade this morning from -- is as they seek them under valuation there so I guess it was going to keep up. I'm Morgan Stanley downgraded the electronics group brought stocks like Philips electronics is this season. Disappointments on Verizon are like Hewlett-Packard Dubai and companies in the way they put on the 360 million dollars to -- data storage company left and networks. -- we determination to get some jobs and financial so we're starting to see those -- continued UBS is laying off about. 1900 people and investment banking area so there's not a lot of appetite for that these days. And the local Boston scientific and closely -- difference this morning is they they don't see them doing well -- the competition. And having a bit of a problem market into the market into companions -- so that's a little tricky."

Play from 3:32[3:32]" Hi David -- cranky."

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

audio

27 Jan 2009

Before the Bell 1/27/2008 

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

listen

[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. "...

timeline

3:34more in this series...

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