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To: Jenna who wrote (29275)	3/24/1999 5:07:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 120523

Jenna you're gonna have Bloomberg??? WSJ??? video??? hey we goin' Hollywood huh???<g>.. i was watching the net NUTS today..seemed a bit wild??? some up some down, some nada...wierd...but fun!!!!! DCLK, gee whiz.....amazing markets, just mindboggling....

To: Jenna who wrote (29275)	3/24/1999 5:17:00 PM
From: Burjis S.	Read Replies (2) \| Respond to of 120523

Jenna .....BJS..... and pray why may I ask did you never bother to call?? (After all it is a local call .... right MargaretM?!) Congrats on a great Call! Burj :- )

To: Jenna who wrote (29275)	3/24/1999 6:26:00 PM
From: kha vu	Respond to of 120523

More news on OIL... Top Financial News Wed, 24 Mar 1999, 8:59am EST Crude Oil Prices Rise on U.S. Report Indicating Robust Demand for Gasoline Crude Oil Rises on Report of Robust Gasoline Demand (Update2) (Adds new quote in 3rd paragraph, updates prices in 4th paragraph and rewrites 1st and 2nd paragraphs.) London, March 24 (Bloomberg) -- Crude oil rose almost 2 percent to the highest price in five months after a report indicated record gasoline demand in the U.S., the world's top energy-consuming country, ahead of the spring travel season. The American Petroleum Institute's weekly report implied that gasoline stations and wholesalers last week bought 9.6 million barrels of gasoline a day, a record. The report came a day after top oil-exporting countries pledged to cut 2.7 percent of world supply. ''It seems as if we have had a good start to this year's driving season,'' said Paul Cameron, a broker with Credit Lyonnais Rouse Ltd. Brent crude oil for May delivery rose as much as 24 cents, or 1.7 percent, to match a five-month high of $13.97 a barrel on the International Petroleum Exchange in London. May crude oil on the New York Mercantile Exchange rose 24 cents from yesterday's close to $15.75 a barrel in electronic trading. Because of strong demand, gasoline inventories fell for a second week, dropping 4.79 million barrels, or 2.1 percent, to 221.4 million barrels, API said. Inventories of distillate fuels, which include heating oil, also declined. Supplies of crude oil rose less than expected, with demand for crude oil rising faster than imports. The Organization of Petroleum Exporting Countries, along with other exporters, yesterday agreed to shut off about 2.1 million barrels of daily oil production. Falling Supply ''The gasoline and distillate figures have been falling consistently for a couple of weeks and that's giving the market a leg up,'' said Rod Hamilton, a broker with Amerex Futures in London. ''People are hoping if exporters cut output, that improvement will continue.'' Oil prices have already climbed about 30 percent in the past month as traders anticipated that OPEC would act in a bid to eliminate the glut of oil. Cameron said traders will also watch for a separate inventory report to be released by the U.S. Department of Energy today that could confirm the API report. Oil prices reached a five-month high of $13.97 a barrel in London earlier this week ahead of the agreement to curb output. These figures ''might provide an opportunity to break through this week's highs,'' said Cameron. While prices have been surging during the past month, they are still about 30 percent lower than they were two years ago and also below year-ago levels, when oil producers began their efforts to trim supply. Prices fell to 12-year lows in December as output cuts totaling 3.2 million barrels a day failed to liminate a glut caused by waning Asian demand. Crude oil inventories in the U.S. are still 3.4 percent above year ago levels and the hope is that production cuts combined with improving demand will reduce the oversupply.

To: Jenna who wrote (29275)	3/24/1999 8:11:00 PM
From: lebo	Respond to of 120523

Hi Jenna, I know you like CBS so I have attached the following news release: CBS Sees Strong 1st Qtr, Aims to Expand on Internet (Update1) Bloomberg News March 24, 1999, 5:42 p.m. ET CBS Sees Strong 1st Qtr, Aims to Expand on Internet (Update1) New York, March 24 (Bloomberg) -- CBS Corp. is seeing strong first-quarter growth across all its businesses and aims to become one of the largest companies in the Internet industry, Chief Executive Mel Karmazin said. CBS is seeing record revenue growth at its radio and outdoor- advertising business, Infinity Broadcasting Corp., of which it owns about 83 percent, and double-digit advertising sales growth at its cable-TV business. CBS also expects its longtime money- losing network, No. 1 in the ratings so far this season, to show a profit this year, Karmazin said, speaking at the Variety/Schroders Big Picture Media Conference in New York. Karmazin also said CBS is ''totally committed to becoming one of the largest players in the Internet business.'' Earlier this year, he told investors and analysts that he was considering a spinoff of CBS's online assets into a new company, CBS.com. The company's Internet properties include stakes in financial news site MarketWatch.com Inc. and SportsLine USA Inc., a sports Web site. CBS wants to use its high-profile name to help expand on the Internet, Karmazin said. CBS has the advantage of having strong relationships with advertisers, said Karmazin, who referred to CBS's and Infinity's combined 3,500-person sales force. Karmazin reiterated his desire to do away with federal rules prohibiting one company from owning more than one TV network. He also repeated his desire to buy another network, particularly General Electric Co.'s NBC. CBS doesn't feel compelled to buy a production studio, he said. He declined to comment on reports that CBS is in talks to buy King World Productions Inc., the No. 1 television syndication company. CBS shares rose 1 3/8 to 39 3/8, while Infinity rose 11/16 to 24 7/8.