| The KUIK Morning Market Report for Thursday, November 8: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (15) | points | 12,917 | 7:47 AM | ||
| S&P500 | Down | -0.1% | percent | 1,394 | (0.90) | points | |
| Nasdaq Composite | Down | -0.1% | percent | 2,935 | (2.08) | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 2.84 | Annual Yield | ||
| The Commerce Department says the nation’s trade deficit fell by 5.1% in September to the lowest level in two years, as exports rebounded and imports rose at a slower rate. The gap shrank to $41.5 billion from a downwardly revised $43.5 billion in August. | |||||||
| The number of Americans who filed new applications for unemployment benefits fell modestly last week, but the data was distorted by Hurricane Sandy. Initial claims declined by 8,000 to a seasonally adjusted 355,000 in the week ended Nov. 3, according to the Labor Department. | |||||||
| New revenues “under the right conditions” are acceptable to Republicans as part of a deal to reduce the deficit, House Speaker John Boehner said yesterday. But Boehner, speaking a day after Republicans retained their House majority, said revenue should come through growth and reform, not higher tax rates. Bush-era tax cuts are set to expire and automatic spending cuts will kick in next year if Congress doesn’t act to address the fiscal cliff in the lame-duck session. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-drops-51-in-september-2012-11-08 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-drop-8000-to-355000-2012-11-08 | |||||||
| http://www.marketwatch.com/story/boehner-new-taxes-ok-under-right-conditions-2012-11-07 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||