Dave Caruso's Before the Bell

Before the Bell 7/22/2008

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Play from 2:27[2:27] ..." With the US speed drives an MP3 players -- that make a Texas Instruments also downgraded from Merrill Lynch. Are they didn't meet their expectations inventory is also building a little bit -- finally Ericsson the world's largest maker of wireless."...

Play from 2:45[2:45] ..." Asked us to stop today's filmmakers and the Boston scientific and look what this what about a penny on their earnings. Two stepchildren 12% -- by about eleven cents -- difference maker Lockheed Martin's doing okay beat their estimates and -- looks like a little bit later underestimate. For the local Biotech company. "...

Play from 0:00[0:00]" WBZ financial editor Caruso is -- good morning Dave ordered. Looks like the markets are under some pressure this morning."

Play from 0:06[0:06]" You know we had an -- start yesterday with earnings of another but -- to protect America to -- we to give their opinions yesterday morning we had another big financial. -- with a certain and the results are not so good. It's been on the market and he -- so that this morning. Since entered into was that about 38% which is not likely to tackle a darkness of the financial to to open to -- What was it didn't really even meet those expectations. They have about 56 cents in the history music but 80% -- war particularly I would about their outlook was more -- things. We're about the extremists public market as well. Some losses after the 236. Million should've and they protective about 600 million dollars in reserves to connect very bad loans may be there's. Worst -- of the financial system. We also would have this morning their earnings and they decided they're going to. But the data which is being exhibited dividends and spinning some jobs as well -- the -- Good news shining star -- that the detractors aren't machine maker they're doing great it and domestic it was a 34%. Revenues of 10% of major beneficiaries are overseas buyers. Dollar being lost over -- it accepts Texas versus. What's being done you also higher commodity prices and books and is going ups about public for the deployment well. But I doubt that this morning's deep teachers tiny point nine 64 -- on thirty point eight so that -- can hit pretty hard. A list on a dollar 22 C isn't -- and its. The markets were not -- going there was to have a -- that the financial stocks in the also -- to the same time. It's totally Nasdaq and it opens up about seven --"

Play from 1:49[1:49]" Pilots began -- let's talk about those tech stocks."

Play from 1:53[1:53]" It was terrible when it came out last night and it's not helping matters so this much of the British citizens despite the fact that they beat their estimates. The concerns appear on their outlook along with some of the concerns yesterday that there were some rumors floating around about. Help -- seek jobs and he's certainly -- pancreatic cancer these. Certainly the driving force for the company so it's really some questions in terms of what's going on there's about let -- in the markets hurting the Nasdaq and assures you that 10% this morning and is SanDisk also got a downgrade from Citigroup. They -- a -- on their earnings a little bit bigger than expected and that it will saturation. With the US speed drives an MP3 players -- that make a Texas Instruments also downgraded from Merrill Lynch. Are they didn't meet their expectations inventory is also building a little bit -- finally Ericsson the world's largest maker of wireless. Earnings of about 7% this quarter so that a lot of restructuring charges."

Play from 2:43[2:43]" A twenty seconds here what does -- have."

Play from 2:45[2:45]" Asked us to stop today's filmmakers and the Boston scientific and look what this what about a penny on their earnings. Two stepchildren 12% -- by about eleven cents -- difference maker Lockheed Martin's doing okay beat their estimates and -- looks like a little bit later underestimate. For the local Biotech company. "

Play from 3:01[3:01]" Hi Dave -- so thank you very much."

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[0:17]..." a typical -- or small businesses and individuals. They were announcing that Merrill has agreed to buy back all elected annually illiquid auction rate securities that -- value. From all Merrill's retail customers including nonprofits who had less than three million tie ups -- up to three minutes. After that. And up until January 15 2009. Merrill buy back -- par value. All -- under a hundred million. So we think this fall -- retail investors pretty much -- clean slate here. We're pleased about this one of the reasons were putting out even -- the fines fees and other details of yet to be resolved. Is that we know that Merrill have announced a voluntary by dark almost two weeks ago. Without that some investors might be confused you know some of them "...

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[1:48]..." Among those to go is that including Vancouver yes it is. Mayor Bloomberg Deutsche Bank. "...

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