| The KUIK Morning Market Report for Friday, November 2: | |||||||
| Markets are down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (52) | points | 13,181 | 8:01 AM | ||
| S&P500 | Down | -0.2% | percent | 1,425 | (3.00) | points | |
| Nasdaq Composite | Down | -0.3% | percent | 3,012 | (7.78) | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 2.92 | Annual Yield | ||
| The jobs report was released this morning. The Labor Department reported the U.S. created a better-than-expected 171,000 jobs in October and hiring rose faster in prior months than previously believed, but the politically sensitive unemployment number edged up to 7.9%. | |||||||
| The Commerce Department says Factory orders rebounded 4.8% in September, meeting expectations and almost reversing a drop in August. | |||||||
| Oil futures are down, pressured as the U.S. dollar strengths because of of better-than-expected employment data and as energy marketd fret over lost demand iafter Hurricane December crude is off 1.6%, to $85.68 a barrel on the New York Merc. | |||||||
| Retail groups opposed to a settlement of a $7.25 billion settlement of a lawsuit over merchant credit-card fees have support from 1,200 businesses and trade associations of the 7 million covered by the deal including 7-Eleven and Dollar General. They say the settlement would provide neither transparency or competition into the market for trillions of dollars in credit card fees. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-adds-171000-jobs-as-hiring-picks-up-2012-11-02 | |||||||
| http://www.marketwatch.com/story/us-factory-orders-rebound-48-in-september-2012-11-02 | |||||||
| http://www.marketwatch.com/story/oil-futures-edge-lower-ahead-of-jobs-report-2012-11-02?link=MW_Nav_MA | |||||||
| http://www.bloomberg.com/news/2012-11-01/visa-mastercard-deal-on-fees-opposed-by-1-200-busines.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||