Dave Caruso's Before the Bell

Before the Bell 6/27/2008

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Play from 0:00[0:00] ..." Right now before the bill that would be easy financial editor -- Caruso -- day it was not pretty yesterday. -- an understatement."...

Play from 0:40[0:40] ..." to be holding company can look outlast -- report 1%. In consumer prices because as an inflation number built that that is in the core prices which don't accept who manages -- two point two point 1% which. -- stand just a pretty name about a half an hour that it consumer confidence -- and that's probably could be very pretty either at the way people are feeling. Obligated back yesterday I don't think there's massive dumping going on stocks but just that there's no buyers out there because there's no catalyst in the heat of the summer to get investors to -- into that that's. The combination of higher oil bank bashing I -- second quarter earnings kept coming up. It's more wait and see if we go with the holiday week next week's soared into the will be"...

Play from 2:59[2:59] ..." Okay -- Caruso thanks so much have a super weekend talk -- next week"...

Play from 0:00[0:00]" Right now before the bill that would be easy financial editor -- Caruso -- day it was not pretty yesterday. -- an understatement."

Play from 0:08[0:08]" Told ugly it was a -- it started -- in the morning with the brokers are bashing the brokers in. The Fed wasn't tough enough for this morning we're look at a little that were kind of flat yet you know still awful -- in the Nasdaq but. The bright spot that's more is -- it's an economic numbers -- personal income rose one point 9% with a little help. From the as a tax rebates personal spending also still to request a -- 2% to restore spending money even at its most -- out. And then the really good news is that you know means that were actually saved the little bit of money in the last month so I think that's good market analyst at the sport so. Seems to be holding company can look outlast -- report 1%. In consumer prices because as an inflation number built that that is in the core prices which don't accept who manages -- two point two point 1% which. -- stand just a pretty name about a half an hour that it consumer confidence -- and that's probably could be very pretty either at the way people are feeling. Obligated back yesterday I don't think there's massive dumping going on stocks but just that there's no buyers out there because there's no catalyst in the heat of the summer to get investors to -- into that that's. The combination of higher oil bank bashing I -- second quarter earnings kept coming up. It's more wait and see if we go with the holiday week next week's soared into the will be the applause but right now markets kind of unchanged at 2 PM it literally changed out of three. Nasdaq down two point eight oil prices are dispersed -- except that of 44 cent above 440 dollars a barrel -- up another five dollars a night when he -- and that's coming off of 33 dollar increase just the one of the biggest industry."

Play from 1:34[1:34]" Okay let's hope you don't get comfortable saying that number fifty bill is today's is lasting image on."

Play from 1:40[1:40]" Yeah -- don't -- that it's goodbye built -- academic view from Tom Brokaw I -- the -- of -- that the dignity I think he's done and that it's kind of nice being that the richest -- in America to collect all the but. That's an example which can do with just one good idea is that a lot of discipline that classic Harvard -- that you know designed to deal with software group called IBM became a multi billionaire as a result of that put. It's a great country and in that corporation -- 10000 people the became millionaires that -- Microsoft. And he can he was one of the things that I think is the most amazing. History and it like came -- he wanted to put a computer and every business and every home. That runs Microsoft bought software and it happened sells now he gets the go off to not only spent all of his money to make the world -- place but it also gets to -- the other richest guy Warren Buffett's -- do itself hopefully will be good good good in philanthropy is it was inverted businesses."

Play from 2:33[2:33]" Now finally we just have a couple of moments that where do you see this thing going."

Play from 2:36[2:36]" I think protesting the lows -- 140 dollar a barrel of oil was making it very worried I think people concerned and that I think Republican detest over the next week or so and now the market is in the Pentagon on Thursday's I was listened to analysts this morning. It has become you know over the weekend gets a little scared -- on Monday in the -- here went zero to the races on the way up but we're definitely going to continue to do some testing here until we get a good catalyst."

Play from 2:59[2:59]" Okay -- Caruso thanks so much have a super weekend talk -- next week"

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