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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (28025)	6/15/2001 8:38:20 AM
From: 2MAR$	Read Replies (1) \| Respond to of 37746

MARKET TALK: No Inflation, So Have At It Fed Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 8:37 (Dow Jones) Consumer gasoline prices soared by 6.0% in May, the largest single increase in the CPI. Public transport costs rose by 1.2%, probably reflecting higher air fares. New and used car prices and tobacco prices were down. The absence of inflation pressures gives the Fed free range to do whatever it takes to spark the economy. (JM) 8:34 (Dow Jones) The CPI rose by 0.4% in May, pushed up by a 3.1% increase in energy prices. The core only rose by 0.1%. The consensus had expected a 0.4% overall rise and a 0.2% increase in the core component. (JM) 8:30 (Dow Jones) It's looking pretty ugly again for stocks. JDS (JDSU) and Nortel (NT) not surprisingly warned of weak business, which in turn is going to weigh on a whole variety of tech names. Adobe (ADBE) topped 2Q views, but its 3Q outlook isn't so hot. Of course, the ramifications of a potential end to the GE/Honeywell (HON) deal will continue to play out on Wall Street. Prices at the consumer level are expected to have risen 0.4% in May - with a 0.2% increase in the core number - with energy prices leaving room for the possibility of a bigger reading. Stock futures showing modest losses, but are well off fair value. Tsys little changed in front of data. (TG) (END) DOW JONES NEWS 06-15-01 08:37 AM