Before the Bell 8/14/2008

[0:00] ..." It's time for before the -- stock report -- WBZ financial editor Dave Caruso cavorting day at work okay so for a couple of days the markets dropped off. What are we worrying about today --"...

[0:19] ..." your -- slipped it's been a little bit of up tick in oil prices after the big drop off from the the once fortify -- ties and again. Sphere financials is really the over the line"...

[1:45] ..." been -- she loves me she loves me not story in the Wall Street lately about the stock last year were brilliant -- well went from 42 dollars a share to 58 a last year. Which is worst incident it's been a nice run up business in the active. I looked up a lot of those properties is that they despite a less robust consumer and they also the lower end market you think that. Oil prices would have affected that -- more -- beagle and a pretty well but. The most recent it was their same store sales"...

[2:40] ..." 30% beat expectations also same store sales were pretty good. I Estee Lauder also so the profits of about 36% they'd be expectations. A union bank -- doesn't want Mitsubishi to own more than they"...

[0:00]" It's time for before the -- stock report -- WBZ financial editor Dave Caruso cavorting day at work okay so for a couple of days the markets dropped off. What are we worrying about today --"

[0:12]" Well you I think we're going to -- we're still pretty much above those July 15 blows so naturally -- naturally I didn't -- but he did back to your -- slipped it's been a little bit of up tick in oil prices after the big drop off from the the once fortify -- ties and again. Sphere financials is really the over the line being the last couple of days this morning is slightly different worry -- in the past that -- inflation because. We have a quick make your reaction to the markets this morning at the CPI the consumer inflation came out. It is -- that the consumer level up eight tenths of a percent. Do -- things like food energy clothing and cigarettes and so I think as a result of that then we look at to what happens which without food and energy world record number was a pretense of a percent. And third that Fed tends to look at 'cause it's six so these wild swings in the energy area. But again it was so hard and expected and that really -- because of problems in the market this morning so if you look at over the last year the CPI has been up five point 6% which is -- number. And it's been the biggest run up since about 1991 and if you look at the core. It's about two and -- half percent over the last year and defense wants to 2% less so worried about that today well a little bit about the good jobs is look at the weekly new jobless claims that they sell about 10000 which that they got that sounds pretty good. But they expected things to be a little bit better then metaphor which averages out 455000. It anything more than 400000 kind of worries is a little it's going to the market supporting it and he does six point six that's 48 aspect -- trying to have. Cattle prices also adept at about -- fifteen and happened gold which began around five dollars as well."

[1:44]" Wal-Mart has been -- she loves me she loves me not story in the Wall Street lately about the stock last year were brilliant -- well went from 42 dollars a share to 58 a last year. Which is worst incident it's been a nice run up business in the active. I looked up a lot of those properties is that they despite a less robust consumer and they also the lower end market you think that. Oil prices would have affected that -- more -- beagle and a pretty well but. The most recent it was their same store sales they were a little bit lower when they just announce them -- they're telling -- that they actually peak earnings expectations which is a good number. Profits were up 70% international sales were great and evened up their expectations that despite that the stock's down a little bit I think it's because of the fact that -- mentioned that. They're a little bit cautious on the current quarter so I guess that's what -- right now."

[2:34]" Well a couple birdies again look at the retailer's urban outfitters they have and they stay this of their earnings and -- there's still -- 30% beat expectations also same store sales were pretty good. I Estee Lauder also so the profits of about 36% they'd be expectations. A union bank -- doesn't want Mitsubishi to own more than they already do they rejected it. At three billion dollar. Claim to be it would take over the rest of that particular coverage welcome -- interest thing is we've we've been talking a lot of the last couple years of Apple and Google. Well our despite the fact that you know there's been some issues about the judge -- Apple is now a larger market cap and Google than to put it perspective right now Apple -- 159 billion. Google's 157 billion although we don't have ExxonMobil up there are 405 but it's sort of way Apple's gonna take it over Google for market gap."