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Daily Reports @ WJR

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WJR October 2001 reports

October 31, 2001According to the Conference Board, Consumer Confidence fell like a cluster bomb in October. The dive to 85 was ten points more than expected, and the worst reading in 7 years. And if you liked that news, you'll love what's coming today. The first estimate of third quarter Gross Domestic Product will be released in eight minutes. Expect a decline of 1 percent or more, due in large part to a slowdown in consumer spending. That would be the worst drop since 1991.The news isn't getting any better on the jobs front. In France, Alcatel will shed 10,000 workers. In the U.S., Fidelity Investments will let 2% of its workforce go. CVS will shut 200 stores and layoff 300 employees.Abode Systems warned about 4th quarter and next year's earnings last night. Abode Stock is down over 19% in pre-market trading.Tokyo was down for the fourth session in a row....
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WJR September 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 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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Phone: 248-352-2211 x 223
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