| The KUIK Morning Market Report for Friday, November 30: | |||||||
| Markets are mixed this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 10 | points | 13,037 | 6:53 AM | ||
| S&P500 | Down | 0.0% | percent | 1,415 | (0.47) | points | |
| Nasdaq Composite | Down | -0.1% | percent | 3,009 | (3.35) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 2.78 | Annual Yield | ||
| Consumer spending fell in October, dropping a seasonally adjusted 0.2% in October after surging 0.8% in September, the Commerce Department reported. It was the first decline since May. Incomes were flat last month. The government said the superstorm reduced wages and salaries by more than $18 billion annually. | |||||||
| The Obama administration and House Republicans are at loggerheads in fiscal cliff talks, as the White House reportedly called for $1.6 trillion in new tax revenue and an unlimited debt ceiling on the table, as House Speaker John Boehner said there has been “no substantive progress” in negotiations. | |||||||
| Social media stocks are hurting this morning. Zynga shares are down almost 9%, to $2.39 after the company yesterda announced changes to it online-gaming partnership with Facebook, while Groupon is down by more than 8%, at $4.16 as the online daily deal company’s board decided to stick with Chief Executive Andrew Mason. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-personal-spending-drops-in-october-2012-11-30 | |||||||
| http://www.marketwatch.com/story/no-major-progress-in-cliff-talks-boehner-2012-11-29?link=MW_story_insert | |||||||
| http://www.marketwatch.com/story/zynga-groupon-losses-highlight-tech-trading-2012-11-30?link=MW_Nav_MA | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||