Dave Caruso's Before the Bell

Before the Bell 7/10/2008

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Play from 0:02[0:02] ..." WBZ financial editor Dave Kurz says in this morning good morning David earnings growth are right you're talking about a big deal --"...

Play from 0:08[0:08] ..." Yeah just -- deal and it's that the Dow Jones average you know. And it's just a quarter with IPOs whatsoever to deal if the big deal and that even -- it's"...

Play from 2:22[2:22] ..." economies are going to see what they're doing but the big guys wal mart's same store sales of five point 8% I was very good deal expected three point 8%. And the what are those who"...

Play from 2:57[2:57] ..." do much of anything GAAP results -- when it was down. Percent TJX here in the -- it was are present -- some good numbers. The bottom line is a tool to did you also"...

Play from 0:00[0:00]" Time for our before the bell stock report WBZ financial editor Dave Kurz says in this morning good morning David earnings growth are right you're talking about a big deal --"

Play from 0:08[0:08]" Yeah just -- deal and it's that the Dow Jones average you know. And it's just a quarter with IPOs whatsoever to deal if the big deal and that even -- it's been kind of an end to exceed industry like the chemicals but this morning is Dow Chemical and -- the deal with. Roman costs of seminal business the price tag looks. The most about fifteen billion dollars which is a 75% premium to the closing price of Roman -- People still do screw sits there for -- or maybe didn't go to markets and some. So when you look at it is this sparks UC that these are appealed to sound when you see things going down somebody buys them so. O Patricia knows a deterrent but again. Because I guess he's kicking -- about four billion dollars to the kitty in this one. Also brilliant Kuwait investment authority is also pulling have a playing up of another billion dollars is that that terrible term relationship without so. It's key to it was a spurred by the ninety year old former head of the company these. -- some ladies and at least of the deal you wonder what kind of catalyst -- on -- this deal this morning coming -- I just would have had a better reaction to the market. We get to Europe Thursday a week which numbers and you're quality -- that -- Claims actually talks about 88000 posts among them the number -- which was over 400000 secretary 46. It kills so as the market to a duel with utter but it happened folk stories to tell little bit on the futures this morning and which we together bear market actually the S&P 500 yesterday and it was last week for the Dow -- Out don't Ford FX two point eight oil about a buck and have to -- evidently trickles up nine."

Play from 1:43[1:43]" So no market rally in the offing."

Play from 1:47[1:47]" and just to put that welcoming tactic you know of the financial success in the mortgage masters of the two big. Mortgage package yours sir Freddie millions -- servitude for GMAC in any minute. To continue to get beaten up with again to consultancy so. Bernanke kept everybody -- just Tuesday so maybe he -- day along with the secretary of the treasury and going to be speaking so maybe they contract on the markets a little bit and say they were there to support you but I just stick to get rid of its financial -- have."

Play from 2:17[2:17]" All right let's go to the retailers any good news there."

Play from 2:20[2:20]" Would do little mixed the other support for the economies are going to see what they're doing but the big guys wal mart's same store sales of five point 8% I was very good deal expected three point 8%. And the what are those who were certain groups and talked also to pursue at June. Not to take a warning for smart and they -- to 2% deepening was down a couple of percent the -- were mixed Abercrombie & Fitch used 3%. Percent -- or totaled thirteen American eagle thirteen. If you look at the expensive ones Nordstrom unfortunately warned a little bit and -- of the one point 9% in. Adams what is gets limited -- again they don't do much of anything GAAP results -- when it was down. Percent TJX here in the -- it was are present -- some good numbers. The bottom line is a tool to did you also get used to take them to go down I guess."

Play from 3:11[3:11]" all right contrary and again all right -- thanks so much"

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