Before the Bell 7/02/2008

[0:00] ..." Before the bell now double BBC financial editor -- Caruso who could use a -- those sneakers to go back to the go go ninety's -- right now and all right now"...

[1:01] ..." mountain. We have to celebrate July 4 since we have a spotter says so. You know yesterday also we have the proverbial 40% correction in the Dow. Early but you don't want it didn't"...

[1:35] ..." I can't idea for doing one now on adults dress for the stock market will be the next."...

[2:05] ..." or might they bad news is good news what -- the Starbucks because. You know the harsh reality is that on Wall Street when you laypeople often and -- or operations. Then that's actually good for investors because you're doing things to do about it and -- Starbucks announced that they're going to -- I think 600 stores but 12000 job market and right now -- bet there which in"...

[0:00]" Before the bell now double BBC financial editor -- Caruso who could use a -- those sneakers to go back to the go go ninety's -- right now and all right now let's talk about a little bit of a preview of tomorrow's big job numbers how does that."

[0:14]" was -- about it you know we're we're -- is the EDP report its payroll company and they have a little -- the head start over that part of -- you know we're doing so they've got a one -- to lead on the monthly report it's going to be -- what they're saying they expect 79000 private sector jobs that two because and again that's probably the worst of about six years so of course we're not looking good there also revised their downward for the basically they're -- for -- Down to 25000 that was originally 40000 so I think it's really pretty good you know things in perspective it's a tough time in the job market we also got the challenger job reports that are likely to said that -- job cuts for the month they -- firings announcement and -- by the 82000 jobs so looks like it's going to be a little bit -- we'll see what happens tomorrow and then when the job numbers -- mountain. We have to celebrate July 4 since we have a spotter says so. You know yesterday also we have the proverbial 40% correction in the Dow. Early but you don't want it didn't happen so I guess they were still trying to fight this -- a book that bear market area right now this morning -- learn we've got. S&P up three point nine. Does -- a whopping one point that they accept ten point five so upon this -- look at the market doesn't care or president about forty cents about 140 to have for the -- four point 6% -- the full. Like go by the way congratulations on the Murrow Award on a keen extra. I can't idea for doing one now on adults dress for the stock market will be the next."

[1:55]" Part of it's because when the job losses are speaking which hopefully they are right now it means that -- a lot closer to the bottom into the top we have got some good news from a couple of companies -- or might they bad news is good news what -- the Starbucks because. You know the harsh reality is that on Wall Street when you laypeople often and -- or operations. Then that's actually good for investors because you're doing things to do about it and -- Starbucks announced that they're going to -- I think 600 stores but 12000 job market and right now -- bet there which in big time that they can have a do over over the last three years because most of those stores that are going to be closed. Are the ones that opened up for years ago the stock up 5% this morning to that's helping. Also we get Yahoo! on -- open a lot too because so Microsoft is not done trying to buy them apparently and I thought it was interesting that one of the top Yahoo! expects that that -- Microsoft was really serious about this. Oh really what was it like now they're talking to some other partners like Time Warner. In News Corp. which owns The Wall Street Journal and maybe that Britain we're -- produce something which Yahoo's so I get the good news about that is that the Yahoo's stock is -- this --"