Dave Caruso's Before the Bell

Before the Bell 7/23/2008

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Play from 0:12[0:12] ..." move in opposite direction towards was up this stock it's now -- stock markets -- supper and vice versa. Anyway it -- it was kind of acted surprised because just other than the fact or went"...

Play from 1:05[1:05] ..." dreamland. But they also came out very good results up 6% worldwide piqued your estimates as well. And the drug company Pfizer they also has some pretty good results they -- their expectations as well. A lot of that came from public that"...

Play from 2:24[2:24] ..." Looks like they beat defense contractor general dynamics that people in -- EMC locally -- profits for a little bit better Dietrich stick a lot because it's. Some of the stuff that's going on with"...

Play from 0:00[0:00]" Good morning David good morning -- looking back -- a good day yesterday what was at work there."

Play from 0:05[0:05]" You know I think it was oil and financials you know these guys have been battling it out altogether and both of them probably helped a little bit you know we talk that the they tend to move in opposite direction towards was up this stock it's now -- stock markets -- supper and vice versa. Anyway it -- it was kind of acted surprised because just other than the fact or went down the market went on top. The fight major -- mediocre earnings eleven billion dollars more right after the financials had a great days so but some of the Church of folks are saying okay maybe this is a bottle for the financials or last week we're talking about you know they're doing something destructive shorting. So there was probably some short covering it took place yesterday after just. We have the financials back in action this morning we got four doubt imports coming out things are actually looking pretty good this morning if you look at earnings eighteenth -- they admit at their expectations this morning. -- in they saw the second quarter about 90% but revenue was flat yet they did beat expectations. By about ten cents a share despite defected in little with the the delay of disseminated seven dreamland. But they also came out very good results up 6% worldwide piqued your estimates as well. And the drug company Pfizer they also has some pretty good results they -- their expectations as well. A lot of that came from public that currency in in lower crossovers that is all of companies also reaffirmed their their guidance as well. The markets are now okay SP futures up five points to -- it does -- 27. That is except six point may be little doubt about another dollar to have a one -- or wanted changed. -- down seven point seven we're worried about those debit whatever the market since the start out good this week it and the battery does that better than that good so what we're told that -- to break the trend today."

Play from 1:43[1:43]" And I and that good bad refrain it's it's not all good news."

Play from 1:47[1:47]" totally opposite that I know all too focused. Go you know you'll probably see me there on the weekend that you know didn't literally have been delivering a good to have label this morning as a little bit of a shocker because they blamed. Energy cost -- It's ridiculous with the warnings soaked it didn't hit pretty hard this morning down about 10%."

Play from 2:06[2:06]" Us -- Yahoo! just a little bit further back to -- Tuesday that earnings today but because they weren't horrible the talks. Percent is that we're going to deal with this board member crawl camps. Those just -- 2% these times some sad news themselves -- our earnings and 82%. Looks like they beat defense contractor general dynamics that people in -- EMC locally -- profits for a little bit better Dietrich stick a lot because it's. Some of the stuff that's going on with any minute that they have reports list but. But it will get some legislation that would explain -- what they're -- result from."

Play from 2:39[2:39]" Hi David sounds good thank you."

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