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To: d. alexander who wrote (24017)	10/22/1999 9:35:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67928

To: Kenneth M. Koff, CPCU (4336 ) From: jhg_in_kc Friday, Oct 22 1999 9:32PM ET Reply # of 4404 WARNING FOR NEXT FRIDAY'S OPEN. GREENSPAN SPEAKS THUR. NIGHT. Thursday by a key report on third-quarter labor costs and, yes, Alan Greenspan (again). The labor costs report in question, the employment cost index, not only measures wage and salary costs, but also assesses the growth in employer benefit expenses. Since labor comprises two-thirds of the cost of producing goods, the ECI is scrutinized carefully by the Federal Reserve and Wall Street for clues as to increases in retail price inflation. As for the Federal Reserve chairman, he'll speak in Boca Raton, Fla., Thursday evening at the semi-annual meeting of the Business Council