IBD'S TOP 10.(A)

Fed Chief Talks Pickup, Rate Cut

1Alan Greenspan warned the outlook is still murky. But he said the U.S., which has shown great strength in face of terror, war and stock-market losses, can deliver a modest rebound. Tax cuts will help by Q3. Productivity gains continue and jobs should pick up later. A rate cut to address deflation fears may be needed. More on this page

Bond Yields Point To Rate Cuts

2The 10-year Treasury note rose 3/4 point, knocking the yield 9 points to 3.33%, again near 45-year lows. The 2-year yield dived to 1.20%, just the 6th time in 14 years the yield has dropped below the fed funds rate, now 1.25%. That shows traders expect more Fed rate cuts. Greenspan's comments renewed talk the Fed will cut rates or buy 10-year Treasuries. More on B9

Auto Sales Soft; Q3 Output Cut

3GM and Ford will cut Q3 North American output after big incentives failed to give much boost to U.S. sales in May. GM's U.S. sales rose 4.1% vs. a year ago. Ford's slid 0.7% -- off 4.4% adjusted for selling days. DaimlerChrysler's Chrysler fell 3% on an adjusted basis. Ford will cut Q3 output by nearly 15%. GM will cut output by 6% and extend rebates. Toyota's U.S. sales rose 6.1%.

Layoff Plans Hit 30-Month Low