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[0:00] ..." Time per hour before the bell stock report WBZ financial editor Dave Caruso is in this morning. Good morning David -- there were looking has some new jobs data."...
[0:18] ..." dormitories -- you know get the markets started and then unfortunately Bernanke stupid talking in Washington and actually mentioned recession word that -- that up this morning we got the weekly jobs numbers and unfortunately they're going in the wrong direction were showing that. The new jobless new unemployment claims a 30000 other puts them above the 4000 level for the market is over the worst over receipts and so. September it'll fox that's Barbara compare -- for -- We are still have a Bernanke down there is doing his second day of testimony just after the senators in the that are grown about -- what's going"...
[1:18] ..." a stronger threats I think that's a little bit more interesting and Bernanke in the -- that they giveaway to the big jobs number tomorrow not a good omen here today the data points -- Markets are off a little bit we also have the ISM non manufacturing index Americans want so -- data points and finance real estate insurance and communications utility companies and we are started -- down nine point eight ethnicity. That was down 67 Nasdaq down fifteen"...
[1:47] ..." Let's talk a little bit more about that Ben Bernanke testimony -- reaction to."...
[0:00]" Time per hour before the bell stock report WBZ financial editor Dave Caruso is in this morning. Good morning David -- there were looking has some new jobs data."
[0:08]" Yeah you know we've got a big job of coming up tomorrow we just -- yesterday's we didn't really get armies is it's definitely got little help because he has the GDP jobs number. Well and we -- dormitories -- you know get the markets started and then unfortunately Bernanke stupid talking in Washington and actually mentioned recession word that -- that up this morning we got the weekly jobs numbers and unfortunately they're going in the wrong direction were showing that. The new jobless new unemployment claims a 30000 other puts them above the 4000 level for the market is over the worst over receipts and so. September it'll fox that's Barbara compare -- for -- We are still have a Bernanke down there is doing his second day of testimony just after the senators in the that are grown about -- what's going on assembly congress did yesterday and it seems impossible for the -- whatever he's speaking. Just because he's talked about a lot of the bad things -- what I do think also was very interesting -- that -- free of the key people testified today. What really happened with this Bear Stearns stereo in the JPMorgan had taken them over. It harder did get done what was the process why do we go from two dollars that the ten dollars on the prize and their markets more port what's going to happen next -- We do not try to look for maybe a stronger threats I think that's a little bit more interesting and Bernanke in the -- that they giveaway to the big jobs number tomorrow not a good omen here today the data points -- Markets are off a little bit we also have the ISM non manufacturing index Americans want so -- data points and finance real estate insurance and communications utility companies and we are started -- down nine point eight ethnicity. That was down 67 Nasdaq down fifteen point two almost out of a little bit more than a book I want all three and we got called up about a book 2899."
[1:47]" Let's talk a little bit more about that Ben Bernanke testimony -- reaction to."
[1:50]" Yeah I think you know including have a job recently getting better economies speaks or does something. Devastated get -- joke of the didn't -- off a little bit starter he's such a very strong things in the last a couple of weeks by credit trick with the bankers and put together brokered with the -- also noticed this Bear Stearns still which are more about today but he certainly being -- much better than last summer. You know mentioning a recession -- a drag it out of him yesterday to talk about the chance of recession but just the fact that these mentioning it is leveling with us is leveling with congress I -- get some confidence and you know we we got a recession coming it looks like -- Whatever is we know things are slowing down in -- he was --"
[2:29]" Technology stocks in the news David with mixed results."
[2:32]" Yet as you know our technology is certainly under pressure when you're not growing so the evidence that this morning is from Cisco Systems -- going to downgrade from UBS. Kind of a surprise of slow slower growth for the coming out from the start that a couple percentage points. Rim were saying that's the blackberry maker good instrument two million more people out are going to be using that the stock is up two or 3%. And a lot more people now are going to be able to push those little buttons that I can -- at a at a used book anyway the outlook -- was actually good then they doubled the profits of the market like that -- kind of Adobe report protected look at their earnings were protect -- declining sales and profit margins and that's not good. And somebody's raising money these this is oracle a five million dollar in notes offering to finance that he'd half billion dollar takeover PA's somebody put the money out there."
[3:17]" Stickers so thank you"
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