Dave Caruso's Before the Bell

Before The Bell 01/28/2008

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Play from 0:00[0:00] ..." before the bell stock report WBZ financial editor Dicker associate this Monday morning David good morning whatever. Looks like a busy week coming up all get to that in a moment let's take a look"...

Play from 2:50[2:50] ..." his job as a result of things happening. He's not taken his paycheck because of all the talk of the mortgage business Angela Brazil of countrywide. Is giving up 37 point five million dollar severance package -- don't -- form but it may a lot of money over the years but the reality is at least somebody's that they -- money. McDonald's that's a pretty good earnings this morning at Verizon has a decent earnings maybe -- from Merck caterpillar Kellogg General Mills -- somebody buys stocks. "...

Play from 3:13[3:13] ..." David Caruso thank you very much"...

Play from 0:00[0:00]" Time trial -- before the bell stock report WBZ financial editor Dicker associate this Monday morning David good morning whatever. Looks like a busy week coming up all get to that in a moment let's take a look at the year to date numbers."

Play from 0:12[0:12]" Well you know we we did have -- we last week even though it didn't feel like that can be put this continues to be the worst January after. The other at least the -- jittery start my twenty years acute and on and thinks of the evidence is that some of the numbers but I'm going to mention it's so great you're you're -- desperate. That we can get this could come to the rescue with an emergency about recorders -- rate -- so maybe that'll kind of stops of the bleeding your little bit and they do have these. Scheduled meeting. That's going to becoming at this Tuesday and Wednesday so they're 22 day meeting so we'll see what's going to be there I think they have to get something that maybe another quarter have 2% shall see what happens but. Here we are in the red that -- to date the -- down 8% the recipes that nine point 4% still this year on Nasdaq which is did pretty well last year down twelve point 3%. This year small cap Russell 2000 delta for 10%. The dvd international index of which are level Lester they're actually -- percent this year so bottom line is is that all the numbers that the we kind of made -- profits last year unfortunately have been gone over the first three or four weeks here this -- I think what we could see a lot of what we call statement -- customers get their January statement. A little bit like we did in November so at least beautifully -- at some work to do it. In the Friday were also have some big numbers coming up the Pacific to carry through my as a result what's going -- it right. Are not a lot of action probably before the Fed meeting Wednesday on Tuesday and Wednesday -- Wednesday we'll get the news. But right now I think you can just not a bad down two point eight and the simply doubt about 41. That text down actually Nasdaq ups up point five -- oil is that dollar 29 gold still keep try to distill spirits up nine point eight it -- 920 accounts."

Play from 1:48[1:48]" So David what is the focus this week."

Play from 1:50[1:50]" Certainly that that that would going to be looking at temple we also have the jobs numbers coming out out Friday and they've they've held up pretty well also fared so we're going to see -- that and continue it. And we hope we don't have this reversal of fortune because it would people working then there are spending in that's certainly helps the economic pitcher. -- 10 o'clock this morning -- its new home sales probably not expecting a lot there are also going to be gets amid. At a factory numbers we got durable goods coming out on Tuesday the retail data that on Thursday -- got personal income and spending. Along was something called the DCI which is what the Fed looks at employment cost index the -- inflation. Other things were going to have again those Jonathan Johnson Friday were going to have the sentiment which is coming out construction spending admitted architect artist going to be dictated in the produce jobs with very busy week a lot of economic digestion in my only hope that -- that it --"

Play from 2:41[2:41]" Nothing at all. Just a few seconds here David anything else on your mind."

Play from 2:45[2:45]" Yeah a couple of things going out you know that was what I thought was kind of interest in one of the top dogs who -- lost his job as a result of things happening. He's not taken his paycheck because of all the talk of the mortgage business Angela Brazil of countrywide. Is giving up 37 point five million dollar severance package -- don't -- form but it may a lot of money over the years but the reality is at least somebody's that they -- money. McDonald's that's a pretty good earnings this morning at Verizon has a decent earnings maybe -- from Merck caterpillar Kellogg General Mills -- somebody buys stocks. "

Play from 3:13[3:13]" David Caruso thank you very much"

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[0:47]..." were down -- A lot of that didn't that they keep from oil prices being down -- they felt pretty good about these the economic numbers there at the empire index which is new York's Persian about manufacturing that was also pretty good. Although what god they came out those housing numbers they're awful you know new construction is about 50%. Permits Serb the lowest they've been seven years although I have to say the stocks the bill would start holding up pretty well but you know the market doesn't seem to care about what's going to have a housing market -- up so. And we got a few more months that the finish up the -- another good week for the markets. "...

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[0:24]..." so let's hope we're killing is tomorrow to 68 PM. After these interest rates -- to -- the -- pretty good dow's up almost 8% S&P is up for the half percent plus nasdaq's up but seven point 7% -- are doing okay the only -- still that is small caps which is the care of the market for a lot of years but they're down. About half percent this year internationally we've also got the EAFE index. Of fired four point 1% -- the debate here but certainly respect what you would all the volatility it's going on but this week it was a very busy week we do that -- coming in their criticize -- What it is that they're going to do with interest rates. Also we've -- most of the big investment banks coming elder investment earnings this week at least that's going to be starting off on Tuesday so we're going to hopefully it'll look at there's anything under the covers. Of any of these mortgage loans that we can talk about that there might be thing about it. So we get too big inflation numbers and that's key is -- we talk about the Federal Reserve to -- that you Greenspan's saying these days but. We get the producer in the consumer inflation coming out we also have "...

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[0:42]..." have percent this year. Internationally make a lot of money the heat index the bureau Australia Asia -- heat index is up. 17 and three quarters percent this year. He that ten year treasury note which was underwater for quite a bit is -- about 2% and the -- like it's actually deputy -- oil oil prices are down two point 4% so so this is looking good. And -- it is a very busy week this week and the economic fabric local law. More at these inflation numbers the producer price CPI coming up this week. Other retail side we're going to hear a lot about that earnings that are coming out of from a number of retailers. And the manufacturing side regarding your things industrial production housing coming out on Friday so. Are very busy week this week particularly that opposes this week. You can bet it's going to be in the gamers because playstation three is coming out Nintendo's coming out with its new -- product or competing against the opposite sparks street 68. What don't reducing "...

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