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Daily Reports @ WJR

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WJR August 2001 reports

The big number of the day will be the Producer Price Index at 8:30 this morning. Economists are expecting a decrease of 4 tenths of a percent overall and and rise of 1 tenth of a percent in the core rate. The lower these numbers are, of course, the more room the Federal Reserve has to continue lowering interest ra, , tes. At this point the Fed Futures contracts are pricing in an 80% probability of another ½ percent interest rate cut by November.That three billion dollar judgement against Philip Morris in California was cut to $100 million by a judge in California yesterday. Phillip Morris still plans to appeal to get its reduced even further.Europe is up 1 to 2 percent today. Adjusted for fair value, futures are slightly positive. S&P futures are up 2 1/2, Dow futures are up 10 and the Nasdaq futures are about 3 points...
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WJR July 2001 reports

WJR June 2001 reports

Daily Reports @ WJR

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