Dave Caruso's Before the Bell

Before the Bell 8/29/2008

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Play from 0:20[0:20] ..." another real seasons sat next week both of them and for the stock market. When all the analysts get back from the vacation but all all. The market -- actually had a pretty good -- even"...

Play from 1:04[1:04] ..." past few relatively speaking it's been growing at about two and a quarter percent over the last four quarters and then that even includes. And negative quarter in the fourth quarter of last year. And it"...

Play from 1:53[1:53] ..." to come back and -- immoral life I mean for the overall stock market to really keep. Rising the financials have got -- is that it is meaningful. Today's banking climate obviously is that good but"...

Play from 2:40[2:40] ..." Stocks to watch. Any minute and Freddie Mac continues to surprise everyone. Four strong biggest trading days in a row and both are scheduled fell three and six month bill."...

Play from 3:11[3:11] ..." Even a local company and walked in no doubt -- provider of open source software these -- doing quite well that's an interesting stock and Campbell's soup. I'd just named in the -- And when that"...

Play from 0:00[0:00]" Time for our before the bell stock report and Bob -- the president and CEO of generalization is in the day occurs -- this morning Bob good morning worried at how do we look on this Friday."

Play from 0:10[0:10]" Well typically been a week with had but the fact it turned out to be a pretty good one. The like the patriot who just finished that preceded last night to another real seasons sat next week both of them and for the stock market. When all the analysts get back from the vacation but all all. The market -- actually had a pretty good -- even despite the fact of the light volume and it is sort of appreciably. And they love the GDP report yesterday -- would. Oil and bouncing around the warning. That it out in the vicinity a 116 dollars and change now up -- about a 118. But it's really not -- do much more than that mainly because the US government as well International Energy Agency both announced backup -- in his stuff. And a big problem."

Play from 0:55[0:55]" And I know you always look on the glass half full of part of the story the economy has certainly still -- growing this past year."

Play from 1:02[1:02]" The economy has actually been very very good the past few relatively speaking it's been growing at about two and a quarter percent over the last four quarters and then that even includes. And negative quarter in the fourth quarter of last year. And it very relatively weak quarter in the first court so we have them -- doing that badly at all now some of the strength from a panel last. -- months -- economic stimulus package. But that's what it was meant to the expectations given the fact that old or is probably for growth over the remainder of the year could be in the 2% range. Not all that much lower than what it has been. In fact I I've written is there have been -- analysts this morning -- said that never has growth looks so good it felt so bad."

Play from 1:43[1:43]" Susan. Well if we are and this limited upward swing I guess the big question is how -- we keep it going."

Play from 1:49[1:49]" Well one thing that we're going to need. Is going to need the banking expected to come back and -- immoral life I mean for the overall stock market to really keep. Rising the financials have got -- is that it is meaningful. Today's banking climate obviously is that good but it's actually not bad. That a 117 banks on the FTSE troubled institutionally. Only nine banks have failed this year. Three banks failed last year and no banks failed little -- that would compare that to erupted that we -- in the economy. In the mid -- to the mid nineties -- and L crisis. A 1043. Institutions -- clothes in that period and half of the 1500 S and l.s failed. At a radar 150 years and though relatively speaking we're not that bad shape."

Play from 2:36[2:36]" Let's start she watching today bought. Stocks to watch."

Play from 2:40[2:40]" Stocks to watch. Any minute and Freddie Mac continues to surprise everyone. Four strong biggest trading days in a row and both are scheduled fell three and six month bill. And at that goes well the -- prices to be a very attractive -- now people are also looking at Dell today because they -- their earnings were no idea what people expect that they were off significantly. The doesn't do flatly to restructuring charges associated with -- new product lines and trying to open up international market. And then finally. Even a local company and walked in no doubt -- provider of open source software these -- doing quite well that's an interesting stock and Campbell's soup. I'd just named in the -- And when that happens because -- stocks and."

Play from 3:24[3:24]" Bob got thanks for the update appreciate."

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