Dave Caruso's Before the Bell

Before the Bell 3/3/2008

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Play from 0:59[0:59] ..." and yet but this entry index. But we also got ourselves productivity labor costs factory orders service actors all coming -- and -- and big numbers and how about try to collect it always does the jobs numbers coming out. We're going to react to that sort of good global markets trying to carry through the negative this morning after that the committee last Friday to do right now is -- point eight"...

Play from 3:12[3:12] ..." too much and he actually thinks that the opportunities are in the bond market and particularly the municipal of these senators there's a way it's a lot of words it was the a lot of --"...

Play from 0:00[0:00]" Time for our before the bell stock report and WBZ's financial editor J crew says in this morning good morning David boarding aircraft. Well we are coming off a tough Friday how we looking a year today."

Play from 0:11[0:11]" Well you know a continued to. To be a tough time -- and -- the -- to buy commodities -- more stock investors -- worried about the recession in the bond investors to -- credit quality -- It's up pretty so far you're audited all the that was -- and a half percent for the year. And these are almost nine and a half percent the Nasdaq assert that -- partisans sounds. Most fourteen and a half percent this small cap Russell 2000 got to work double digit 10% to even internationally -- indexes -- point 1% so there is no opted to look at other than maybe some opportunities that there. And this week with a lot of stuff to react to commit to visit with regard construction spending time with this morning we get PRI SM manufacturing in this in the index and in the markets for example offer little -- is expected to be less than fifty persistent. Which means there's actually going to be construction these -- contraction and yet but this entry index. But we also got ourselves productivity labor costs factory orders service actors all coming -- and -- and big numbers and how about try to collect it always does the jobs numbers coming out. We're going to react to that sort of good global markets trying to carry through the negative this morning after that the committee last Friday to do right now is -- point eight -- found 56. As textile one point two oil at 87% to one a two person you're all the another thirteen dollars 988 dollars an -- let's see a thousand."

Play from 1:29[1:29]" I David not good news to look at either from -- this morning."

Play from 1:33[1:33]" You know it it certainly is popular -- to periodic to buy American but sometimes even your government and in particular in the defense business is always just buy American because just. A Boeing lost at 35 billion dollar contract apparently to that you the in the building of the air force tankers joint contracts. It's not afford makers because it actually was initiated by Northrop which is California company but they have a partnership with the Airbus Airbus the French partner. And so looks like they're going to sign a deal together so we are in a worldwide business we have to compete world largely. He does have the best quality service and price and that's the way they do business gets about."

Play from 2:09[2:09]" stock shall we be looking at this Monday morning."

Play from 2:12[2:12]" deal beleaguered on the outside but it's still exciting but it's something we all use the bank machine business doubled as a getting an offer from United Technologies two point six billion dollars that make OS_ATM.s that go on do pretty well and they actually did pretty well this morning -- that would put the money because doubles stock's up 58% based on the price that came through. This week we heard a lot more from Berkshire Hathaway and Warren Buffett now the company. Berkshire after that he was down 18% of their -- so -- that it -- make money but they did okay but what's great is that Warren Buffett came out. And he tethers to forty some page newsletter. He had three hours and business show this morning so I I tried to pick up a few -- the that we can work with -- Number one it is common sense tells us were the recession the good news is they're they're more opportunities are he talked about the dollar continued to be weak because. Were buying two billion dollars to -- more stuff -- were selling overseas and he used the analogy it's it's like a hundred calories a day you don't get fat lawyers -- the -- that it was time to get a catches up with the he didn't by itself that they didn't -- on every day that'll look too much and he actually thinks that the opportunities are in the bond market and particularly the municipal of these senators there's a way it's a lot of words it was the a lot of -- it's -- the retailer."

Play from 3:23[3:23]" I'm not hearing what he has to say. I David thanks we appreciate it love hearing what you have to say is"

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[1:18]..." or make you more stuff in the -- make it cheaper. And labor costs came in as well and their numbers were actually. Revised lower by about 110 of -- percent -- kind of -- a little bit of the labor inflation that the defense and talking about the markets have been worried about so they're hopeful we can during the class the three big trend but the right now the start not so I think it futures down five point six Dow was down forty right now and that fact that on the ten point two. That oil prices go up 57 21 point three change which is over ten dollars offer from its size of the couple weeks ago gold "...

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[0:59]..." and yet but this entry index. But we also got ourselves productivity labor costs factory orders service actors all coming -- and -- and big numbers and how about try to collect it always does the jobs numbers coming out. We're going to react to that sort of good global markets trying to carry through the negative this morning after that the committee last Friday to do right now is -- point eight "...

[3:12]..." too much and he actually thinks that the opportunities are in the bond market and particularly the municipal of these senators there's a way it's a lot of words it was the a lot of -- "...

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[1:13]..." R word recession and and that's what's kind of been handled purple Wall Street as of -- the bad news is though is that next week on the -- they were waiting for the Fed meeting to seek what they're going to do with interest rates in the in the expectation is that. They're still going to cut by a quarter to a half a percent the -- strong news it might normally be a quarter purses they have so. Austria 215 next week did he give you the real numbers but the reality is this looks pretty good we also got productivity numbers coming out and they're the best in four years of six point 3% that's a big number and unit labor costs what the cost could get more stuff is actually down to test results of the market like about a whole lot this "...

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