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To: Sonny McWilliams who wrote (26237)	6/12/2000 10:08:00 PM
From: William Hunt	Respond to of 27012

Sonny ---just a follow up : Car sales slow for first time in two years June 12, 2000 Web posted at: 8:35 p.m. EDT (0035 GMT) From correspondent Ed Garsten LAKE ORION, Michigan (CNN) -- The latest automobile sales figures show that many customers have chosen to either postpone or cancel plans to purchase a vehicle -- the first overall slowdown auto makers have reported in two years. In May, while sales increased at Ford, Honda and Toyota, both DaimlerChrysler and General Motors reported decreases, according to Automotive News, the industry trade publication. "Fundamentally, you're looking at an economy that's begun to decelerate and that's being aggravated now, in particular, by the soaring gas prices," said Comerica Bank Chief Economist David Littman. DaimlerChrysler's top economist, Van Bussmann, believes creeping interest rates outweigh the impact of higher gas prices, which he said is only temporary. "The interest rates have a far greater impact because that means what you pay each month for your contract, and consumers look at that a lot more than gas prices," said Van Bussmann. The sales slowdown has caused some automakers to offer customers a new series of cut-rate financing and cash incentives. The big three automakers are offering low interest rates and instant cash rebates, and GM is even offering a cash rebate over a special web site it has established. Peter Barbaro, sales manager at Milosch Dodge, said that with pickup trucks and minivans sitting bumper to bumper on his lot -- twice the normal supply -- the incentives are "a big help, a big relief." Industry economists say that while the economy may be slowing, it's still in great shape, meaning that auto sales will bounce back by the end of summer. And that bounce would mean the end of incentives and price breaks -- just in time for the arrival of the 2001 models. BEST WISHES BILL PS Will follow up after retail sales ---should be interesting !

To: Sonny McWilliams who wrote (26237)	6/13/2000 1:56:00 PM
From: William Hunt	Read Replies (1) \| Respond to of 27012

Sonny ---Thought you be interested in something that definitely gives a positive image to your desktop : webshots.com Some of the best pictures I have ever seen . You can download for free the webpage and it will constantly change the wallpaper for you on your PC . The quality is outstanding and it is free . Well I do not know who is more stupid ----the FED governors or OPEC . With one saying their is inflation under every rock ( car sales down for the third month in a row ---last time this happen was just before the recession in 1990 )or OPEC saying their is no shortage of OIL in the world yet prices hit 33.00 dollars today . Both have the same mentality at present ---destabilize the economy . MR Gore has a real shot to show his presidental qualities at present . I have the feeling he will stay inside and ignore the economy that way he can blame not lead . I really wish he would come out on the Hydrogen issue to resolve the pollution issue while telling the rest of the world we will not be held hostage over the energy issue . I will continue to hold the stocks I have while waiting for the market to catch up . The one big positive for the market is the cash building up on the sidelines . When the oil or FED issue breaks the market will moved . I cannot believed the co-anchor on CNBC this morning from Travelers does not think the FED has the economy slowing down ---said we needed several more rate hikes to ensure a slowdown . BEST WISHES BILL