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To: Greg Butcher who wrote (56619)	8/6/1998 12:34:00 PM
From: Mohan Marette	Respond to of 176387

<ot>Good Morning from Bridge News-Events to watch for today. Updated Thu Aug 6 06:30 ET US Today: Key events to watch, and why, on Aug 6 Good morning from Bridge News AGENDA: --0830 ET: State unemployment claims for week ended Aug 1; (Week ended Jly 25: -13,000 at 304,000; Forecast: 310,000) --1000 ET: Jun factory orders (May: -1.8%; Forecast: -0.1%) --1045 ET: Treasury Secretary Robert Rubin speaks at a White House announcement on the Brady Law, which involves gun control issues --1400 ET: San Francisco Federal Reserve Bank President Robert Parry (non-voter) speaks at Community Leaders Luncheon at Salt Lake City, Utah, Fed branch --1500 ET: Jly Treasury strips report on government securities (Jun: +$666 mln to $227.995 bln) --1630 ET: Money supply statistics for week ended Jly 27; (week ended Jly 20: M1 +$9.3 bln, M2 +$7.0 bln, M3 +$5.4 bln) --Department store retail sales for July WHAT TO WATCH FOR: Stocks will undoubtedly be the focus at the open again.Though they clawed back to a modest gain Wednesday, sentiment remains that they're not out of the woods yet. Markets could quiet by afternoon though ahead of Friday's job report. There's no real data of merit today, and no major speaking engagements. Parry gets the attention of the bond market, but he's moderated his hawkishness of late. KEY OVERNIGHT HEADLINES .9922 IRAQ: AFP: Baghdad, UN now deny arms inspectors blocked ...................................................................... .10885 MIDEAST: Palestinian minister Ashrawi resigns over reshuffle .8829 Kyodo: Japan Nonaka: Tax cuts total close to 7 trln yen .19357 Japan PM Obuchi: To seek tax cuts over 6 trillion yen .9729 CHINA FLOOD: Hubei province declares state of emergency .19160 Hong Kong Press: Multinationals believe China to devalue yuan ...................................................................... .10458 KOSOVO: Serbia sources say fighting rages in province's center .8201 S. Korea MOFE won't pressure banks with govt stakes to merge .9126 Bulgarian communist-era leader Zhivkov dies .222 ASIA CRISIS SUMMARY: China big banks' NPLs 30% of loans by Dec .223 CLINTON SCANDAL SUMMARY: House democrats avoid talk of Monica