Dave Caruso's Before the Bell

Before the Bell 7/9/2008

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Play from 1:31[1:31] ..." David the mayor of New York in the news what's gone."...

Play from 1:35[1:35] ..." Just about New York City leaders about his name the company Bloomberg last week there were some discussions at Merrill Lynch may be selling off some of their assets to raise capital and and they mentioned that 40% stake in Michael Bloomberg and his company so. Looks like go according to report this morning was -- trust that he has will be buying back"...

Play from 2:17[2:17] ..." there were a consultant and -- had with. To each other but Merrill Lynch upgraded -- this morning about 3% so that's pretty good. But not so good at Stifel Nicolaus their ratings on Coca-Cola enterprises"...

Play from 0:00[0:00]" Time for hours before the -- stock report. ABC financial editor Dave -- sense in this morning good morning David -- look back -- a nice day yesterday what was working there."

Play from 0:10[0:10]" I get a little bit of everything we had that oil prices going down the biggest we've seen -- 1991 dollar amount they were down over five dollars and that certainly helped. -- also got a little bit of help from Bernanke he was so doing a little bit of first speaking yesterday -- become a street -- somebody that your money is one nation needed and I've got your back all the old are these -- with the markets like that supports. I think there's going to be some are questions coming up some sadistic person they're going to be a little bit -- I think so. It's some small and work and running through some homes may come through we're back to geopolitical issues with Iran and rumors of you know of some some problems in the future with as a result some of those missile -- going to -- still assessing -- that pretty well. Also mention it was the beginning of earnings season officially the Coca-Cola they came out last night with earnings. It is expected that was not so what is the expensive unfortunately a rising faster than aluminum prices start. You don't go to the stock is actually up almost 4% today and the reason why is it wasn't as bad as -- so they're trying to catch up on the margins so it was -- news. A little bit more about rose -- and -- take a look at the energy inventory but the market's morning are doing okay we get the necessity right now. A about two point four we've got the that's what sixteen and 63 point two still looks to be only had a dollar as a result of until 130 and and the gold that about forty cents at 923."

Play from 1:31[1:31]" David the mayor of New York in the news what's gone."

Play from 1:35[1:35]" Just about New York City leaders about his name the company Bloomberg last week there were some discussions at Merrill Lynch may be selling off some of their assets to raise capital and and they mentioned that 40% stake in Michael Bloomberg and his company so. Looks like go according to report this morning was -- trust that he has will be buying back at Merrill -- ownership of the talk to somewhere between -- billion dollars and this wasn't the barrel which may be selling other 49% stake in the money management -- let's rock shall see what happens there but accustomed to being raised and that's the deal I guess."

Play from 2:07[2:07]" Anything else on your --"

Play from 2:09[2:09]" Things get up into small thing it's down it's great no -- the -- And -- to each other on the tank and its best because that's because a couple of weeks ago there were a consultant and -- had with. To each other but Merrill Lynch upgraded -- this morning about 3% so that's pretty good. But not so good at Stifel Nicolaus their ratings on Coca-Cola enterprises which of the -- company not local itself. A -- because the material price of the absolute integrity of the activists say. Is the fact that they have this think all the bullish and bearish sentiment. And which your bearish did you expect the market no doubt and that's 7% of the people now can only 27% a bullish but don't bet. Because people would get it wrong met secretary out of wherever we're trying to sell that's British department that that's attributable markets and the bear market excuse."

Play from 2:54[2:54]" All right that sounds good. David thanks so much"

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