Before the Bell 9/5/2008

[0:32] ..." that's the highest -- five years and that's what's got the markets spooked a little bit this morning so. Even after that 300 point coming to market took yesterday kind of an anticipation this. Apparently somebody saw it coming in in the slide continues a little bit this morning although it's easy a little bit here from. All the -- in the last week we were talking about commodity and oil prices in the market was going down and we -- which start this week with that now we're starting to realize. Why are"...

[1:36] ..." right now because the Dow down about 73. Net tech that's seventeen oil prices earlier doubt about it diamond and gold again when times are difficult that -- goes upwards of fourteen and Africa it's 17"...

[2:00] ..." system have been increasing supposed to be awhile right so this morning. Goldman Sachs came out they downgraded their brother Merrill Lynch that they're worried about some more write downs and so valuation issues because the stock is trading. One of the highest price"...

[0:07]" Now you know if you if you like the markets go up you certainly don't like the job numbers this morning -- The number was little just a little bit higher actually than expected that there were 84000. Job losses this month. Currently the experts are expecting about civic pride that's another big deal clear what the rate of employment is really what hurt we saw it go from five point 7%. The six point 1% and that's almost as bad as a few months ago we had a half point increase over a couple of months so that's the highest -- five years and that's what's got the markets spooked a little bit this morning so. Even after that 300 point coming to market took yesterday kind of an anticipation this. Apparently somebody saw it coming in in the slide continues a little bit this morning although it's easy a little bit here from. All the -- in the last week we were talking about commodity and oil prices in the market was going down and we -- which start this week with that now we're starting to realize. Why are these commodity prices going down and what's the effect that. -- I think when you see a weakening our global economy. That's what's starting to sit there and hasn't last couple of days so the good news isn't that -- inflationary pressures that we were worried about a few months ago the bad news is restore basic September October which. They've not been particularly friendly for the markets so the students that -- seeing a really tough first week back for the unofficial and this summer. But there's any glimmer of explanation. There really was a technicality that happened here too that may make it look fire. That was some of these benefits for employment -- extended so it's keeping the unemployment checks coming just a little bit longer so. A multi some of that has to do with the number so that we are also the -- at least but -- down nine point one right now because the Dow down about 73. Net tech that's seventeen oil prices earlier doubt about it diamond and gold again when times are difficult that -- goes upwards of fourteen and Africa it's 17 this morning that."

[1:51]" Sort of the maybe if you hear of but there are a lot of opinions have been flying out in the in -- recently there have been brokers were developed brokers soak the financial system have been increasing supposed to be awhile right so this morning. Goldman Sachs came out they downgraded their brother Merrill Lynch that they're worried about some more write downs and so valuation issues because the stock is trading. One of the highest price to book ratios in the groups to their word about it a little bit I guess JPMorgan they did get an upgrade good news for Navistar International. That such a good earnings results that they see some better things happening there. A little bit deal talks Samsung the world's largest flash memory maker looks like they're trying to get a little bit bigger than they appear to be I try to get a strategic partnership with US based a SanDisk again and then memory market. No did not get their warnings were out that's not helping them sucked down 10% kind of flowing through Europe program on its way here. Another maybe mini deal Altria which used to be Philip Morse is trying to scoop up. US -- for about ten billion dollars plus and there are the tobacco business and they say the appeal for them is that smokeless tobacco and yes my question is when the smoke --"