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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (15314)	5/7/1998 8:35:00 AM
From: TokyoMex	Read Replies (1) \| Respond to of 34592

LOL.. Our BASEA gap open ,, bid 5 15/16 now ,, we break 6 1/2 , we go for a walk in the park.. Watch CPQ ,, will be a monster today ...

To: Tim Luke who wrote (15314)	5/7/1998 8:45:00 AM
From: TokyoMex	Read Replies (2) \| Respond to of 34592

Jobless Claims Fall by 11,000 .c The Associated Press By MARTIN CRUTSINGER WASHINGTON (AP) - New claims for unemployment benefits fell by 11,000 last week, an unexpectedly large decline that provided new evidence of the strength of the U.S. economy. The Labor Department said 308,000 Americans filed initial claims for unemployment benefits for the week ending last Friday, down from 319,000 the previous week. The 11,000 decline was an unexpected improvement. Many economists had been predicting that claims would rise on the belief that the economy is slowing in the current spring quarter. The Federal Reserve, which will meet in two weeks to review interest rates, had been expecting the adverse effects of the Asian crisis to slow economic growth to a slower pace from the sizzling 4.2 percent growth rate turned in during the first three months of the year. However, various recent indicators have shown unexpected strength, raising concerns in financial markets that the Fed may soon be forced to start raising interest rates to slow U.S. growth and keep inflationary pressures at bay. A key indicator the Fed will be watching is Friday's report on unemployment for April. The previous report showed that unemployment edged up to 4.7 percent in March as payroll jobs shrank by 36,000, the first such decline in more than two years. The Labor Department said that the decrease in jobless claims to 308,000 last week left them at the lowest level since the week ending April 11. The four-week moving average, which smooths out week-to-week volatility, edged down to 308,500, compared to 309,500 the previous week. Financial markets have been on a roller-coaster ride in recent weeks, setting new records on days when economic reports indicate that the Fed will not be forced to raise interest rates and retreating on days when economic reports indicated new-found economic strength, raising doubts about how much longer the central bank will be content to leave rates unchanges. In his public comments, Federal Reserve Chairman Alan Greenspan has insisted that the forces pushing on the U.S. economy seem to be equally balanced between strength in domestic demand and impending weakness from the Asian crisis, which is expected to sharply reduce American export opportunities to South Korea, Indonesia and Thailand, the three countries hardest hit by the plunge in currencies last year. In addition, Japan, the world's second largest economy, appears to be slipping into a new recession. President Clinton and others in his administration have expressed increasing frustration in recent weeks at the failure of the government of Japanese Prime Minister Ryutaro Hashimoto to deal adequately with his country's economic problems. AP-NY-05-07-98 0838EDT Copyright 1998 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without prior written authority of The Associated Press. To edit your profile, go to keyword NewsProfiles. For all of today's news, go to keyword News