Dave Caruso's Before the Bell

Before the Bell 4/10/2008

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Play from 0:55[0:55] ..." departed reporters invited -- profitability we -- across the world with the interest rate changes there's about opt out in the same as we look at. Bank of England they cut their rates this morning about a quarter percent to 5% sector importing some of our financial flu was well the European central bank looks like it's going to basically -- past where it is in Iceland is actually raising it's interest rates about a half"...

Play from 1:48[1:48] ..." that consumers 7% of the economy were what was going to happen Arcelor so big -- Walmart. They actually had some good things to say -- quite meet their estimate but they're raising their guidance"...

Play from 2:24[2:24] ..." about down 1% even higher in the sex about two point nine Nordstrom's down 9% aren't sick or just you know it would in the battle the guide to the bulked -- and -- like"...

Play from 0:00[0:00]" Time for hours before the -- stock reports WBZ financial editor -- I was in the morning good morning David whatever. Well we've got some headlines here jobs in the economy."

Play from 0:09[0:09]" Yeah and you know it's cook this -- to an -- this morning extra winners and losers is always so let's go through these jobs and currently we got the weekly jobs numbers now -- appears -- because last -- ostensible job -- its latest revision -- that there -- 57000 less new jobless -- backed -- an average of about 357000 person they -- over 400000 last week so little good news there. -- trade deficit that's a loser widened again to the gap 62 point three billion dollars which was. More than expected and it's not really the usual suspects either which is using oil and China this time it's the imports right across the board including -- food industrial supplies consumer goods so I think there's a little bit worried that bottle stuffed the -- departed reporters invited -- profitability we -- across the world with the interest rate changes there's about opt out in the same as we look at. Bank of England they cut their rates this morning about a quarter percent to 5% sector importing some of our financial flu was well the European central bank looks like it's going to basically -- past where it is in Iceland is actually raising it's interest rates about a half percent what that says is that. One which -- try to do is put things down and lower your rates when things are getting slower and you're trying to -- earnings when you're trying to cool things off so across the world about mixed reviews. Up at the -- three point nine down was down 26 Nasdaq down five. Our oil group -- that's -- the nickel which is okay -- 180 again and so. High numbers they're gold virtually unchanged at about 937 that."

Play from 1:42[1:42]" What do the retailers and David."

Play from 1:43[1:43]" Apostles to terrorism aren't meeting their expectations so that's drummers start with that consumers 7% of the economy were what was going to happen Arcelor so big -- Walmart. They actually had some good things to say -- quite meet their estimate but they're raising their guidance and the same store sales were okay so that's probably one of them what do the bright spots this morning. Bed Bath and Beyond not a bright spot to -- their earnings by about a third limited not a bright spots that -- about 8% Pacific sun wear sales were up 8% year over year -- to the teen retailers slowed Nextel disposal but two and half percent same store sales and in American eagle down 12%. -- horrible -- 18% pulls down 15% target looks like you're going to be about down 1% even higher in the sex about two point nine Nordstrom's down 9% aren't sick or just you know it would in the battle the guide to the bulked -- and -- like Costco and BJ's they apparently were vital element Stefan put on the shelves and being cognizant -- price and also the surprise winner is here want that they haven't made money in three years and they finally made it quarterly profit. And the first time for years that they received ourselves little bright spot."

Play from 2:51[2:51]" addressing -- David -- thank you very much"

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