California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.
Confidence among U.S. consumers fell this month to the lowest level in five years
as Americans worried about jobs, record gasoline prices and falling home values.

New York’s Conference Board's Confidence Index fell to 62.3, a smaller decline than
forecast and the lowest since March 2003, from a revised 65.9 in March.

Another confidence measure, the Reuters/University of Michigan’s Index of Consumer
Sentiment issued last week, fell in April to the lowest level in 26 years.

Fed policy makers, battling to contain losses in financial markets and cushion the economic
slowdown, may lower the benchmark lending rate by a quarter point to 2 percent on April 30,
when the Federal Open Market Committee meets adding to 3 percentage points of reductions
since September.

I am Tim Johnson and this has been the California Business Minute.

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                                                             Bob Slobe
                                                             Businessman
                                                             Philanthropist
                                                             All Around Great Guy