| The KUIK Morning Market Report for Monday, October 22: | |||||||
| Markets are mixed this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (18) | points | 13,326 | 7:51 AM | ||
| S&P500 | Down | -0.1% | percent | 1,432 | (1.40) | points | |
| Nasdaq Composite | Up | 0.1% | percent | 3,010 | 4.34 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 2.96 | Annual Yield | ||
| Caterpillar is cutting its outlook. As the world’s largest manufacturer of bulldozers, excavators and other construction machinery, Caterpillar is closely watched as a gauge of the strength of the global economy. Caterpillar’s third-quarter earnings rose 49% as the company benefited from an asset-sale gain and posted continued revenue growth. However, the company lowered its 2012 outlook amid weaker-than-expected global economic conditions. The company now expects per-share earnings of $9 to $9.25 on revenue of about $66 billion, compared with its prior estimate for earnings of about $9.60 and revenue of $68 billion to $70 billion. | |||||||
| Facebook, the world’s largest online social network, is increasingly being used by terrorists to recruit sympathizers, spread propaganda and plan potential attacks, according to the United Nations. “Promotion of extremist rhetoric encouraging violent acts is also a common trend across the growing range of Internet- based platforms that host user-generated content,” the UN Office on Drugs and Crime said today in a 148-page report, “The Use of the Internet for Terrorist Purposes.” Facebook, Twitter, and Youtube were also identified as primary conduits. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/caterpillar-cuts-outlook-profit-rises-on-gain-2012-10-22 | |||||||
| http://www.bloomberg.com/news/2012-10-22/facebook-gains-as-tool-for-terrorists-seeking-friends-un-says.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||