| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Monday, May, 21 | |||||||
| Markets had a big up day. | |||||||
| Direction | Change | Units | |||||
| Dow | Up | 135 | points | 12,502 | 1:30 PM | ||
| S&P500 | Up | 1.60% | percent | 1,316 | |||
| Nasdaq Composite | Up | 2.46% | percent | 2,847 | |||
| 30 Year Treasury | Up | 0.5 | basis points | 2.79 | |||
| Bloomberg reports China’s government has failed to blunt the manufacture of counterfeit military electronic parts by Chinese companies that are the “dominant source” of fakes infiltrating the U.S. defense supply chain, according to a Senate investigation. The U.S. Air Force suspended in January a Shenzhen, China-based company from supplying parts to U.S. contractors after it sold about 84,000 suspect components, many of them installed on U.S. aircraft, according to an example cited in the Senate Armed Services Committee’s report released today. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-05-21/china-top-source-of-counterfeit-u-s-military-electronics.html | |||||||
| For today’s Closing Market Report click to listen-> | https://beaconrwa.com/audio/Closing-Market-Report.mp3 | ||||||
| Short Link> | http://wp.me/p2lo3H-lk | ||||||