| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Monday, July 16. | |||||||
| Markets are off this morning. | |||||||
| Index | Direction | Change | Units | Last | 7:59 AM | ||
| Dow | Down | (61) | points | 12,716 | |||
| S&P500 | Down | -0.27% | percent | 1,353 | |||
| Nasdaq Composite | Down | -0.32% | percent | 2,899 | |||
| 30 Year Treasury | Down | (5.5) | basis points | 2.53 | |||
| Retail sales in the unexpectedly fell for a third straight month in June, a sign that sagging employment is taking a toll on the largest part of the economy. The 0.5 percent drop followed a 0.2 percent decrease in May, according to the Commerce Department . The decline was worse than the most-pessimistic forecast from Bloomberg in which called for a 0.2 percent rise. Purchases last fell for three or more months during the recession July through December 2008. | |||||||
| Manufacturers in the New York region said business improved modestly in early July, after barely expanding in June, according to the New York Federal Reserve. The Empire State index rose to 7.4 in July from 2.3 in June. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-07-16/retail-purchases-in-u-s-unexpectedly-decreased-0-5-in-june.html | |||||||
| http://www.marketwatch.com/story/manufacturing-rebounds-a-bit-in-new-york-2012-07-16 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
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