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To: Eric Wells who wrote (80997)	10/17/1999 8:17:00 PM
From: Andeveron	Respond to of 164684

Eric, lock limit down on the S&P is -32 and I think it is -60 on the Nasdaq. If the S&P futures hits -32 during the day, a trading curb is imposed where futures trading is frozen for 2 minutes. We had two of those last week.

To: Eric Wells who wrote (80997)	10/18/1999 7:14:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Toyota Chairman Reportedly Sees No Rapid Rebound In Japan's Economy OCT 18,1999 PARIS -(Dow Jones)- Hiroshi Okuda, chairman of Japanese car maker Toyota Motor Corp., said Monday in an interview with the French daily business newspaper Les Echos that he doesn't see Japan's economy picking up in the near future. Stronger Japanese consumption results from "the sale of very targeted products, such as mobile phones or personal computers, rather than the purchase of household equipment goods, which is the main indicator of a strong pickup," said Okuda, who is also in charge of social issues at Japan's employers association, Nikkeiren. However, the Toyota (TM) executive warned that raising wages at the next round of salary negotiations in the second quarter of 2000 isn't the answer. "A wage rise will only have a marginal effect on consumption. And given the current deflation, purchasing power of the workers rises" anyway, he said. To Okuda, "for an industrialist, the answer lies in the offer of products with major technological innovations," a domain in which Japan has been lagging recently. Okuda also voiced concern over job-cutting consolidations worldwide. He noted that recent confidence seen among Japanese business leaders comes from strong earnings that result, essentially, from job-cutting consolidations. Nissan Motor Co. (NSANY) said Monday that it would close three assembly plants in Japan by March 2001 and slash its group work force by 14% by the fiscal year starting April 2002, following French car-maker Renault SA's purchase of a majority stake in Nissan. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.