| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Friday, May, 11 | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | 7:28 AM | ||
| Dow | Up | 16 | points | 12,871 | |||
| S&P500 | Up | 0.15% | percent | 1,360 | |||
| Nasdaq Composite | Up | 0.65% | percent | 2,953 | |||
| 30 Year Treasury | Down | (2.1) | basis points | 3.03 | |||
| JP Morgan Chase is off 3.42 to $37.31 a share. After the close yesterday CEO Jamie Dimon in a conference call revealed the bank had suffered 2 billion dollars in trading losses in London. A single trader dubbed the “London Whale” reportedly took massive positions in credit-default swaps. Dimon said that the losses could deepen this quarter and beyond. Sometimes whales get harpooned. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/stock-futures-sunk-by-london-whale-2012-05-11 | |||||||
| http://wp.me/p2lo3H-jR | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||